Member Info for WolfofWarks

Robinhood earning were poor. Massive reduction in trading across the board but this was very last years meme craze quarter so tough comparative.

It’s mad to think that’s the same valuation as a slow stable and boring bank!

The mad part is if inflation and interest rates carry on this could fall further.

I had a brief look through the accounts and it looks like quite a lot of Btc will be sold in future and debt utilised so that investors are not diluted further.

Historic PE and a sitting just under 9 which looks a good entry point.

Hi hexam

I’m short of time at the minute but is there anything in the accounts worth a mention?

Given the current macro conditions and pending recession this is hardly the work of Nostradamus.

It’s being falsely propped up by protectionist actions when dealing internationally.

On the international stage it’s virtually worthless. No one want to own it and no one wants to deal in it.

‘ Does anyone really believe that an oligarch have under his name any properties or money? ’

I believe jersey recently froze a load of RA assets following the UK sanctions.

Correct Iodan - there’s no one to hold the executive leadership to account..

Hence they can pretty much do what they want, like give no information or trading updates. The corporate governance has all but disappeared.

Is that not because the company is controlled by RA and the other major Russian majority holders? Who is running the company at the moment given how many of the board resigned?

I’ve not bought back in here yet and I’m finding it a hard one to play.

Inflation, likely recession round the corner, but low price value brands should fair well. Plus boohoo’s demographic is unlikely to be hit as hard by cost of living crisis. Job cuts will hit the demographic hardest though. Another thought it that there are a lot of areas where wage inflation is exceptionally high like IT, when the axe falls these jobs will likely more affect the higher tier brands like a Boss, Ted Baker, etc.

But again, pent up demand for holiday, etc, and we’ve got more savings built up from the pandemic, being on furlough, etc, and not much to spend on.

I think we are likely to have a big market dip later in the year so while I’m not taking any money out at the minute I’m waiting before putting new money to work and it will be dripped in slowly.

Like Kitty I’ve also booked a holiday and am looking at more spending rather than less.

Problem is they are pointing towards a potential recession.

IG credited today

Don’t know if anyone saw Tesla’s results last night but they were incredible given the headwinds.

Plus we are only at the start of the EV journey. Glencore perfectly placed to capitalise on the ride for the next ten years.

There clearly benefiting from an integrated supply chain as well.

If you’re a corporate looking for cars only Tesla and Hyundai/Kia are delivering under six months.

The others are all screwed on semi conductors. They are pushing lead times on current orders out and out.

I’ve never bought into the Netflix hype.

There’s too much competition and they are all too similar.

Disney is the only platform that has decent differentiation and that’s because of the world class content for children (speaking as a father with a four year old).

Plus a couple of surveys are suggesting that streaming services are the first thing gone in the current cost squeeze.

Smashed it out the park!!

If they return $12 a share annualised that drops the PE down to about 85 with Berlin and Texas on the way.

The demand is so strong, the limiting factor is supply. Can’t make them quick enough.

A nice problem to have!

I think you would be more effective if you contributed with something substantial to say about the situation.

I won’t hold my breath.

Buckeye - If RA having heat on him stops them publishing the results then it shows the statement regarding him not having control as being a load of nonsense.

They still have to produce the figures …. They won’t just stop counting the beans.

It’s a waiting game at the minute