The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
is ****whitery....
With EUA + ARB (& a little side trading pre ARB) my portfolio in 1.5 yrs has grown 1,422 % (so I can never complain about the odd % down days ever again - nor really moan in general)
I'll never say a bad word vs EUA - its given me the cash to come here, I also still firmly think the sale will get done & ill be minted from that direction, as well as from ARB side bet of 10% of my portfolio that has grown to 45% of my portfolio = 2 chances of reaching the big time. Carn't be bad.
Maybe some if :-
-40% - ARB SP = Riot/Hive type stock equivalent.
-20% - Post February after new machines
-20% - Post March results (with Feb machines all working)
leaving 20% for future dividends & Bitcoin hedging for many years to come....hopefully.
I dont even look at the % nemore, I used to watch this go up in 1p/2p increments, now its 5p increments & next 10p increments.
Its re-rating before our eyes from the penny stock days, need to adjust your mindset accordingly.
"percentage wise, better gains to be had here at the moment as supposed to investing in bitcoin."
& probably more tax efficient.
....
Anyone not looking at arb may as well be not interested in making money.
I take nothing away from my belief in eua with that statement.
As ever do research & trust you're gut ( plus yank otc listing has just occurred today, being the upgrade from the pink sheets, coupled with a bitcoin price dip, & a yank arbkf panic sell off last night may make for the perfect entry)
Sorry for the cross ramping but you guys need to take a serious once over b4 the opportunity is gone.
If bitcoin rallies more, then it's top up time tomorrow on any mm drops. Imo
Not a problem mate - you cheered me up plenty in the dark early days of EUA :)
Well traders in the UK sell, the yanks have a point - they can do quite well without our selling pressure after close.
...
dufry just go look at the youtube videos comparing ARB market cap to some of the existing yank ons like Riot or Hive (loads of comparison video's) then factor in your judgement call about Bitcoin future price & you have your answer.
Or in the words of Liam Gallagher - "Sometimes you just gotta ROAR it out"
...value my shares not the MMs.
Catalysts for tommorow
- Bitcoin Price (ofc - & hopefully rising into the future even if volatile)
- ARB has just listed in the(ARBKF tag) US (Pinks) iminently to be upgraded to the OTC (more liquid wider availability) (Yanks have closed significantly above us so guarateed morning uplift(+ Yanks are currently pulling ours shares over to their pool as fast as we can sell them (huge sentiment demand - for a cheap Bitcoin miner vs Riot/Hive etc...to diversify)
- Yanks have plenty of crypto miners (Riot, Hive etc...) & like them & have pushed them to market caps far beyond ARB easily comparible (plenty of youtube content comparing the Bitcoin miners against peers)
- Several uk institutions are looking for Bitcoin exposure & their aint alot of it on UK markets (also alot now banned in the UK) stoking demand even further (if thats possible given Bitcoin price rise, Yank demand etc..)
- ARB provide monthly Bitcoin production updates (we just had Decembers) so very transparent.
February onwards
- ARB are bringing online a chunk of new (leased) machines to push bitcoin production up 40% (I think may have this % wrong - but you get the drift)
Plenty of price targets abound, mainly based on peer valuation vs Bitcoin growth potential (which is difficult to value - but potential is huge here), £1 seems the initial (likely to get smashed as soon as tommorrow) £2/£3 etc you get the drift on probably short timeline horizons (Feb) assuming Bitcoin crash avoidance.
I post less on here tbh than I used to on EUA, as im no Bitcoin expert, & far less de-rampers (at present).
So there you go.
"Lifes a game we have plenty of GGP holders here as you know we know a good thing."
EUA profits also landed here - we know our good thing two (EUA Vampires vs GGP Werewolves (or dingos :)) combined in a share we can all agree on. GL
Maybe...I doubt furlough being in place will effect Sunak's thinking when it comes to taxing gains on shares (in fact I think he will do the opposite hit those who have made gains in such an awful year + it will be popular with the masses vs putting up VAT, IT, NI etc..which may as you say be a bit to far during the worst of the economic shock) in summary CGT is the easy target for Sunak imo...
"Well I had no idea tax years were a global entity"
The difference between gains of £12k tax free, £50k @ 10% & the rest at 20%, vs no tax free, £50k @ 20% & the rest at 45% (& lose CHB/Personal Allowances who knows how far he will go etc...carnt be ignored.