Member Info for SteamyWee

Aardvark - "Its called changing your mind when you know youve made a mistake. You should try it, if you want to be a successful investor."

And yet here you are on a share you're not invested in, slating it. When once you told us "aardvark

Posted in: BLU

Posts: 220

Price: 0.1775

No Opinion

Historical results7 Mar 2023 12:32

Those results frankly arent of much interest to me. I bought in here to have a way of investing in Satoshi and Dynasty, and as far as I can tell, they are going great guns."

Go and chat on the share you're actually invested in. You should try it sometime 😉

Aardvark - To answer your question. Take at look at your comments.

aardvark

Posted in: BLU

Posts: 220

Price: 0.195

No Opinion

Could Dynasty be the jewel in the crown? 3 May 2023 11:53

Whilst much of the attention on here is seemingly on Satoshipay, it seems to me that it is Dynasty who are actually doing the business and producing real earnings and growth. Of course, I dont know how much earnings or growth, but adding up the various news stories about them in the last few months, it looks like its happening for them. Furthermore, their management seem market savvy, having ex investment bankers on board.

Furthermore aardvark - Yes, totally agree with the last line of your comment on 13 Sep 2023 11:37

Keithbfk - My opinion (for what it's worth). Hang in there. Most shares are doing shlt at the moment. It is particularly quiet at the moment from BLU, but that's the nature of the beast when investing in a company that is in turn investing in others. We knew that at the time of investment. I most certainly won't be selling my shares at a loss. It does seem many are though, that's their choice.

Based upon the information we have on Dynasty, they appear to have grown and taken on lucrative contracts in the last 12 Months. E-Sports is a growing market and I see absolutely no reason why Dynasty should be of a lower value than it was before. Dynasty at the last valuation was worth about £4.8M to us (about 0.9p)

It will be interesting to see if we get an offer / valuation for Satoshipay, although, my hopes are not very high on that score.

I can buy & sell on A J Bell. No issues at all. Just over 50p to sell & 54p to buy.

Aardvark - So you're suggesting that the companies are now worth less than they were several years ago? I'm interested to learn of your research to evidence your suggestion.

Mike - Nothing we can do at the moment. If the tender offer comes before the de-list we can take it. It's not guaranteed, but they have to say that. Even after de-list, the way I read it we should still be able to sell and don't seem to be being left stranded with shares we don't know what to do with. It will just require a bit more effort to sell.

It looks like if people want to hold on a few years, the aim to re-list in a different market at a higher price.

To be fair it reads quite well and seems fair. Personally, I would sell my shares immediately at circa £1.50 if the chance arrises due to personal circumstance, but I know others have longer term plans and may wish to hang on to them.

AndyH81 - "I could be wrong there but the fact you can buy as many as you want for under £1 tells you that."

It wouldn't be under £1 for long at the quantity required for 29.9% of the company. In fact the average would probably be much higher, due to the quantity of available shares.

MysticMe - "Of course the question remains for all of us is why QBT don't just implement this themselves and reap all the benefits ?

They have £2million cash available which is more than enough to set up their own rigs etc etc I would have thought."

Not very good at maths are you? 3000 plus mining rigs, a place to house them and the electricity tp power them for £2 Million? 🤣

I'm getting some jam tomorrow. Strawberry, my fave 😁

Personally, I invested here for Dynasty. Satoshipay was and still is a freebie. Even at these prices, the stock is undervalued, as Dynasty at the last valuation is worth more than todays price. With the developments its got to be worth even more now.

I'm open minded about Satoshipay. If anyone invested here just for Satoshipay, you may as well have bought lottery tickets instead. Dynasty is where the money is. But hey... You never know, Satoshipay may well surprise us. If not, hey ho...

Personally I'm loving all this selling, as I'm buying up many of those shares. Keep up the good work, derampers and sellers!

This is the update I received from AJ Bell on 13th.

"Further to our previous communication, LRB 35 Limited has announced that it now intends to purchase up to 29.9% of the shares it does not currently own in Tintra Plc through a tender offer. This will give you the choice to sell, or tender, your shares at a fixed price with no dealing charges.

Under the proposed terms of the offer, you will be given the choice to tender your shares to LRB 35 Limited at a price of GBP1.50 in exchange for each share held. If you choose to tender your shares your election may be subject to scaling back.

To view the announcement in full, please copy and paste the following link into your web browser:

https://www.londonstockexchange.com/news-article/TNT/tender-offer-replaces-possible-offer-aim-delist/16196547

With the capital raised from the tender offer, Tintra Plc will propose to become a private company and delist from AIM. The delisting will be subject to a meeting approval in due course and is expected to become effective in November 2023.

There is no certainty at this stage an offer will be made. Should the offer become official, a separate event will be created to allow you to input your elections, subject to any applicable restrictions.

Please copy and paste the below FAQ link into your web browser for more information on corporate actions:

https://www.ajbell.co.uk/sites/ajbell.co.uk/files/AJB_Corporate_action_FAQs.pdf

IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the ‘Subject’ field: CORPORATE ACTION - Tintra Plc - 9813109

Updated: 13/11/2023"

Aardvark - The below is from the RNS dated 28th September 2022.

"Conclusions based on portfolio review

Based on the current carrying valuations of Dynasty, SatoshiPay, Sthaler and the market price of the quoted investments the portfolio has a current value of approximately £11.9million which is equivalent to an estimated NAV per share of approximately 0.24p.

For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. Accordingly, the Board intends to focus its attention and resources on supporting its two core investee companies and does not anticipate making any new investments for the foreseeable future.

In addition, the Board intend to manage the Company with a focus on funding the business, insofar as possible, through the sale of its existing non-core investments.

The Board will cut all non-essential costs and is proposing to put in place a share option scheme on a time and performance basis. The terms of the option scheme will reflect the Directors belief in the inherent value of the two main investments. Details of the scheme will be announced later this year and will cover a maximum percentage of 5 per cent, maximum life of 3 years and proposed exercise prices of at least 0.35p per share.

Long term strategy

The Board believes the two major investments have the potential to provide significant value for shareholders and the focus will therefore be on managing the Company to maximise the prospects of achieving a successful exit of these investments within the next two years. Assuming this can be achieved the Board intends to consult with shareholders to decide on the most appropriate course of action to ensure shareholder interests are best served."

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We will hopefully find out soon how much Satoshipay is worth, but even at a zero valuation, Dynasty was worth more than our current market cap today, based on that old valuation. Plus since then has entered in to lucrative deals, that I'm confident (even if you're not) add further value.

Blubutton - "of more interest , short term is , who is the seller ?"

I've been wondering this. If it's anyone we know, I'd prefer it to be Lew, if it's nefarios.

The first thing that came to mind on the RNS this morning was that of coincidence with the selling of even larger amounts than before.

He's clearly got a screw loose Crawshaw.

Hey EarlofAim. Did you know that last year Wilko had a revenue of £1.4 Billion. How much profit did they make?

EarlofAim - Revenue doesn't equal profit. Revenue is the takings of the business. It is not the net amount after expenditure.

Gazzleberry - It was me. I've got the page open now too, I check several times a day 🤣

Duncan might have a point though. The sea covers 71% of the Earths surface and isn't fizzy. So it must be flat 🤣

That may well be it lol

I was wondering the same. I had an email today from my broker (AJ Bell) with an update about the possible tender and de-list from AIM. They seemed pretty clear in what they said.

"Under the proposed terms of the offer, you will be given the choice to tender your shares to LRB 35 Limited at a price of GBP1.50 in exchange for each share held."

Seems like a no brainer to me, but then so did investing thinking we would be at $11 a share due to the HNWI.