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I watched Bank of Dave on Netflix last night, trying to get past the old boys network to get regulated.
Was drawing some comparisons with little old GST, difference being we've got a Lord!
Just a hunch....
Finally got a further response from IR on the GS20 figures:
"Your point have been passed onto the company and the response is as previously regarding the figures on the website - they show the numbers including their liquidity partners as that is what GS20 clients have access to and is therefore the most appropriate commercially, their only concern."
MY RESPONSE:
"Presumably the figure on the exchange page is the exchange and the liquidity partners? If there only concern is the aggregate figure, what is the point of showing the figure on the homepage that is 100 times less?"
"OK, I wasn’t aware of that. Thanks and I will point it out."
At least that has cleared that up. But still no closer to finding out what element of all of this is GS20's!
Https://finance.yahoo.com/quote/BTC-USD/
Global volumes are a lot higher.
Current bitcoin volume is 16.9 at 24 hr average of $69,322 = $1,171,541
On exchange page top right hand corner it's 100 times this:
24 Volume : 117034400.90379773
Obvious not exact as I have taken an average of the 24 hour price.
It has been like this for months
Muldoon - that's not quite correct.
The global figures are massive. The figures I have calculated are on the trading view page of GS20 website.
I believe (following an email from IR months ago) these are the figures for GS20 and their liquidity partners (which equate to approx 0.5-1% of the global volumes.
I do agree with you that the GS20 part of the pie cannot be 1% every day of GS20 and their liquidity partners.
AHS - we have been through this 100 times!
On the GS 20 homepage the figure shown is 1% of the figure on the trading page.
At a loose end so I've calculated the exchange volumes since 18th November. These are the figures on the bar chart on the trading view page and are the same figures that are feeding into the coincodex website. This is just on bitcoin, generally the overall figures would be around double this to include other coins.
NOVEMEBER $970m over 13 days = $77m Average [0.413%]
DECEMBER $4,130m over 31 days = $133m Average [0.572%]
JANUARY $5,418m over 31 days = $175m Average [0.656%]
FEBRUARY $8,146m over 29 days = $281m Average [0.981%]
MARCH $16,020m over 31 days = $517m Average [1.108%]
APRIL $6,743m over 30 days = $225m Average [0.664%]
MAY $4,560m over 31 days = $147m Average [0.522%]
TOTAL $45,987m over 196 days = $235m Average day
In brackets is the market share on the days trading compared against the yahoo finance volumes on bitcoin.
YEARLY FIGURES $235m / day x 365 = $85.7 billion
How much of this volume is GS20 is anyone's guess!
Does anyone know what we paid for PAYPT?
Lloyd - did you ever get a response from IR?
Semnet completion was expected within 2 months, it took 3.
My logic is that it is another acquisition.
If they were expecting FCA approval soon they would have waited for the share price to go up before the recent placing.
I think there is another acquisition on the cards that is needed to help get the FCA approval over the line.
They said Easysend would be Q2/Q3 and if the past is anything to go by that means Q3/Q4.
I'm not sure there is a 'pattern' forming with this many trades!
I've got a feeling something might be coming tomorrow...
Normally you'd think something was up by a large volume of trades, but could a low volume be just as significant?!?
AHS - I have read that. Was just wondering how they issue the shares. If they create new shares is that a further dilution or do they come out of the shares in treasury?
How does the $1m of shares get paid to Semnet? Are new shares created?
I think we could see a pattern of SP rising Monday / Tuesday / Wednesday in anticipation of news, then falling back Thursday and Friday if nothing comes through....
59 years old.
I think this may be his last shot at making some more big bucks.
If I make it to 59 after a successful career I wouldn't want to be working much longer.
It's happening soon. Put your seatbelt on and get ready for the ride.
Your right Kop. I was thinking 0.05% would be the rough margin.
Don't think they'd be getting 0.2% on every trade, (I know it says it on their website but a lot of other firms are 0.1% for big value trades). But as AHS did point out once, they could be getting commission on the sell and commission on the buy.
Working backwards to justify the current SP.
£18.5m / 20 P/E ratio
£0.925m / year
£17,788 / week
Coincodex average volume of GS20 Exchange circa $300m / day.
@ say 0.05% margin $1,500,000 / day. Weekends are quieter so multiply by 6 = $9m / week
$9m = £7.2m
£17,788 / £7,200,000 = 0.247%
So if GS20 is making any more than 0.247% of the figures quoted on the Coincodex website then we are undervalued on this element of the business alone.