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YTee, looking at your valuations, I do think that the added value from Venafi is a lot more than the cash they put in, so in theory you could increase that £20m substantially, I just don't think you can multiply it by 20 to get that unicorn valuation. Maybe call it £50m so 250%, and then your TERN value is up towards the 20p mark.
My gut feel says it is worth a big punt down here at 13-14 going for a 12.5% upside, leave it in until it triggers and then repeat at the next drop. Even Rhodi may have to day trade down here!
Rhodi will probably blame the traders for driving the price down, but never mind. The real fact as stated is that someone has just bought in DA at around $50m which must be about the real value as why should they have say a 95% discount to the market price, that would be naughty. So we therefore have TERN's investment in DA currently valued at about $25m rather than $1b or more, hence the share price drop.
However, this will result in some fun for traders with a lower floor, so F U Rhodi let's find the bottom and get punting.
I'm in his green box anyway, and have not sold a single share today but todays losses can be made up trading the swings easily. Or buy more PDG!, or AML soon.
So now we have a Dutch Fund popping up with 3.12%, and combined with Hedin that is now 29.34% if they are somehow related.
Onwards and upwards I hope.
Rhodi, I am afraid my razor sharp mind has COVID so not sure what is going on, I need more easy clues!
All I know is I have a lot of TERN and bought a few more the other day to help out Mr 50k, and if I make any windfalls elsewhere I will move them into TERN for you.
I bet, if I ditch one of my decent holdings I am sitting on it will then go and pop before TERN, and to be fair TERN has been flat for a while now. If METRO gets a decent bid in the next two weeks I think I will move out of that one and then I can double up on TERN with another 2m. That will bring my target down a lot for a £1m win.
Now please can I have some easy clues to entice me in?
Here was me logging in today seeing a 0.75 rise, and then checking as this is caused by the huge 10% spread, seems extortionate to me, with a paltry 36 shares traded at the 21p level to pull the price up.
I'm off back to the 0.2p spread on PDG, got to pop soon as well. IMO.
PS come on METRO!
Yes, at last some movement compared to the 18.05 sell that was around this morning.
Onwards and upwards I hope towards a more respectable 30p - 40p!!
You are correct on the DBX surplus. I was looking for a DBS over the weekend in Illinois, Napleton's have none, but they do have 7 DBX's in the showroom if you want one and a bunch of Vantage's. The DBX is definitely not made to order, at least not in the USA.
Not sure if it just me but I don't really follow the point of all these as there seem to me a be a stack of tiny meaningless trades, some up, some down, resulting in not a lot of movement so what are they for? Shouldn't there be a minimum movement required to stop the inbox filling up with pointless transactions, or am I missing something.
I guess I am just fed up of looking at these things expecting something exciting.
Where have Matlot and Cud gone?
Yes, looking forward to triggering all or at least some of my side spread bets tomorrow, but if it goes south I will add more and sit it out as I think a takeover has to come some day.