Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Wouldn't be surprised if he's got a broker to "hold" them for him, so he can buy them back in the new tax year. He's clearly had a good year with his other investments (eg ORR, SPSY, CSFS ) but he's taking a loss of about £400k on his BLU shares having bought at 0.10p
That must be Nick Slater. Last known holding was 582 million, so must be crystallising the loss for current tax year. Very sad
Since SatoshiPay is the one remaining asset of any value in BLU’s stable, it’s worth looking at the team/s behind SP.
Take a look, for example at Daniel Masters. He is still listed as a Director of SatoshiPay, having invested £566k in the business in 2018 (when the company had a pre-money valuation of £17 million).
Apart from his directorship/shareholding in SatoshiPay, Daniel Masters is a very big player in the wider crypto-asset industry. He’s Exec Chairman of Coinshares ($6 billion assets under management), as well as: director of CommerceBlock; director of Crypto Composite Ltd; and, director of Aventus Systems. Clearly an influential and well-connected “big fish” in the crypto-asset industry.
The question is: As a director of SatoshiPay, how is he guiding their progress, if at all? He’s been on the BoD since April 2019 (ie 5 years so far).
If you listen to this podcast, you’ll hear why he feels the current crypto cycle is different and more sustainable to previous ones, and why he sees crypto assets as a long-term investment (not a surprise since that’s his industry/market, but listen to his rationale). While there’s no mention of SatoshiPay in the interview, his strong grasp of the crypto asset market makes him an ideal person to have on the BoD at SatoshiPay.
https://podcasts.apple.com/us/podcast/1284-danny-masters-investing-legend-has-billions-in/id1434060078?i=1000638620950
This is gut-wrenching; a difficult time for many of us on this board. Stories of fellow investors who are 80% or 90% underwater with their holdings shine a light on the misery that we share.
Two things stand out for me.
Firstly, the absence of any guidance from Dynasty should have been a warning. Not only were they short on RNS news but they had no active profile on social media that could have given a hint on their plans/progress. Sadly, I feel the e-sports "industry" is not the unicorn it was once touted to be. The young and aspirational from India are now more likely to invest in Bitcoin than play e-sports methinks.
Secondly, there is no sign of TF putting his money where his mouth is and buying shares in the Company. And that is not good news. If he truly believed in the Company's potential he would be buying up in significant quantities today to show his true commitment. If there's no RNS later (regarding this) then I will view it as another nail in the coffin here. As Nick Slater has repeatedly said, you can tell a good company by the shareholding of existing directors (or words to that effect). And talking of Nick, he still owns >11% equity here so he's sitting on a very significant loss on his investment.
I'm going to let the dust settle and plan accordingly.
Let's see if TF buys any shares.
SatoshiPay ... it's over to you now
Last week's news about the Kroger/Albertsons merger falling apart may be manna from heaven for OCDO
Kroger have been focusing extensively on this merger and have taken their eye off the ball in terms of organic growth through their partnership with OCDO. This means that if the merger fails, Kroger will be forced to re-think its strategy for growing its online business (which is its fastest growing stream) and divert investment away from the Albertsons merger into its partnership with OCDO.
This dispute between MKS and OCDO has been going on since January 2023. It is NOT news. Key investors and the wider market have been updated by the OCDO BoD on a regular basis. The media are playing out this story because (a) it involves one of UK's high street darlings (MKS) and (b) there is a groupthink (cult?) which likes to put down any progressive UK technology business (OCDO) regardless of its qualities and potential.
Do not be persuaded that this "legal Action" is anything more than a misplaced story from someone in MKS who will likely be reprimanded for leaking internal docs/memos.
I could be wrong of course, but the language (on Twitter) is incredibly similar to your post on here, back in December: "Can get a live quote to sell 33.5 million. Last time that happened the SP soared to 0.12"
Hobsy ... That's your 47 million "sell" isn't it? 2 hours ago you posted on Twitter "I can get a live quote to sell 47 mill. This is primed to go up very soon. All the signs are there" in response to one of my tweets, and now I see you've deleted it. Strange!
Is that you TheeeeDuke; offloading >50 million shares? It's not Nick Slater, apparently. I guess we'll have to wait for the TR1 RNS in the next day or so....
It's worth remembering that Ocado's single largest shareholders is Jorn Rausing - from one of the world's richest family dynasties (TetraPak). He now owns just under 9% of the entire issued share capital (>483 million shares), and has been a regular buyer over the past few years. He is also a NED. His close relationship with the senior management team stretches back many years.
Clearly, you haven't kept abreast of the updates. Investment in new CFCs has slowed markedly, as (guaranteed) licence revenues from international clients accelerates. This massive change in dynamics will see Ocado achieve break-even in the next 2 years; even less if they can strike more deals such as the recently announced McKesson one. Management have been very prudent with cash (current CFO is ex-Rolls Royce and is very sharp on cash preservation), and are only now entering the trade show arena. First exhibition in Las Vegas was very well received (by NAM media and potential customers alike) and the next one in Atlanta is expected to be as successful.
Key focus with international clients is to get them to adopt Ocado's latest technologies and ways of working. If this happens quicker than forecast, you can expect to see a sharp increase in the sp in the short to medium term.
The joint venture with Marks & Spencer will return to profitability sooner than most people think IMHO. Again, investment in new buildings has been slowed dramatically, to allow existing CFC warehouse to improve capacity. Cash preservation is working well.
Also, this (shorthand for some of the other long reads)
https://twitter.com/JiesenPendulum/status/1755593704688214428
They're certainly ramping up the whole Nabla story now, which suggests some big developments on the horizon. Like some on this forum, however, I won't hold my breath because we've been led to the brink numerous times before!
Hearing very encouraging sounds that Ocado are hitting the trade shows in USA in a big way. Just completed a very successful show at Manifest 2024 in Las Vegas; one of the largest international shows for Automatic Storage and Retrieval Systems, where they stole the show with their incredible set-up (covering OSP and OIA technologies). See link to YouTube video (from 2:20 onwards). Next Show Modex 2024 in Atlanta in a few weeks time. https://www.youtube.com/watch?v=puoKMMefYP8
It was a year ago (on 3 September 2021) that SAG withdrew their offer for TPG. What's the betting we'll see a RNS on Mon 5 September with either: a revised offer; directorate change; major sell out (by M&G or Cannacord); or increased holding by SAG?
I've been charting this recently and notice it's about to break through its 4-year downtrend, so started to dig deeper with my research, including a look at chat forums like this. But before reading your take down of Nikhil Ghamdhi, I had already discovered that the current Chair is none other than Jeremy Warner-Allen, who was on the BoD of TPG while it was being used as a personal cash till for the ousted CEO. Not only was JW-A as useless as a chocolate fireguard at TPG, but if you search on Google, he has form for not fully disclosing his shares in broker Cenkos (The Times, 26 Dec 2014). The MPL BoD seems as dodgy as a fairground operator's management team. I will watch from the sidelines, and be grateful that proper research has probably saved me a couple of limbs!!