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Value finder, if Bitcoin is the digital currency of the future along with open banking in a cashless/cardless society and Mode implement their strategy well the upside is huge but to caveat that’s the same in any industry with digital tech disrupters (Look at success stories such as The Hut Group, Transferwise, etc.)
The risk here is that Mode don’t move fast enough and the big players such as PayPal, Visa or maybe the large US Bitcoin blockchain companies create an oligopoly and we are squeezed out.
If companies in this area are successful then this market will create a number of multi billion market cap companies (or add that to their current market cap ie. PayPal).
If we are not successful then we will probably be bought out and at a current valuation of just £50m I am comfortable with the downside risk in that event.
We have the ex-CEO of Alipay onboard which gives me confidence.
Time will tell
Next year Rodney...
Some bullish tweets and retweets from our leader this weekend.
Placing hangover should subside soon and momentum will return.....
Roll on Q2
Yes seen that video - very positive and well worth a watch.
Very quiet here today.
We still await the monthly figures....
Upside yes $50k
We raised £7.5m on ipo which equates £750k at $12k.
At $58k is £3.6k plus £650k in the recent placing (price unknown).
I reckon circa£4.5m on the balance sheet.
If there was a global benchmark for hydrogen companies then this ETF would be massively overweight AFC on a relative basis.
Positive news indeed
It’s all happening behind the scenes and everyday we get closer to that magic first order.
The question is, who will it be from?
Exciting times ahead
Well we have just bought a further £600k following the £6m placing. I wonder what price we got?
Hopefully under £50k a BTC.
The stock market is a device for transferring wealth from the impatient to the patient.
Time will tell if that is the case with Mode but I am willing to take my chances and with a market cap of just £50m I think the risk/reward looks attractive.
Investors that expect returns overnight are just traders - sell up and move on I say.
GLALTH’s
As I said yesterday its AIM that’s holding this back.
If only the UK were as bullish as the Europeans.
Remember around Xmas when Tradegate shot up to €1.3 - gulp!!!!!
Tradegate just jumped again.
Up 15%
A rally after the LSE closes seems to happen a lot.
We seem to hold everything back on AIM.
Flashgem - a superb contribution.
Great summary of where we are at and I totally agree the big money will be in the open payments and loyalty side of the business.
Sustainable solution right there.
I have often wondered what they do with the by product.
Now we know.....
Sit tight, if you can ride this volatility out and accumulate more shares then that’s what I am doing. This reflation trade will not last forever and the hydrogen sector will be back in vogue soon IMHO.
The ABB partnership may just be the making of AFC but not until the second half of the year and beyond.
DYOR
Apologies I just saw that on the RNS listing as the Android launch update - that’s great news that they do monthly updates.
I will get my coat.
Monthly updates? As far as I can see the last update on numbers was early Jan.
Correct me if I wrong but they don’t provide monthly updates and just update if there is a material change?
My top up yesterday through Transact at a limit price of 55p did not fill and so far that looks like a blessing.
Markets very jittery at the moment with almost everything down.
Decisions decisions....
So they could have done a placing at c70p and now they will do it below 45p.
Absolute nonsense.
Thanks for sharing.
Gervais is a very well respected Fund Manager and I was aware of him in his Gartmore in the naughties.
Kudos indeed.
It’s now showing as a buy.....
That’s huge!