Member Info for You_Having_a_Laugh

Would buy more but already have tank filled ready for a journey, fingers crossed.

Gone to BUY flag on all times lines I track out to 10 years.
Every single time period without exception.
See how long it lasts, could run a while but no way to be certain except to keep an eye on the flags.

May account for some of the recent buying if someone has been waiting for confirmation in the chart.

Good rounded bottom.

The overhang has to be cleared and 100K is nowhere near enough and until L&G stop feeding the market how will it rise? It needs new money to come in and clear out the old and stale and ideally in one foul swoop.

I dont know any of the management here but do think they were given a bad press by some investors that were too emotionally engaged and probably over invested.

As a new comer, having read through statements from the newer management, they made sense and execution appeared to line up with those statements.

Coupled with Turcan loading up around 6p it had hallmarks of a potential decent recovery play. I hope others took advantage at 6p and below. If not, when offered such an opportunity, what reason for complaint? Not managements fault if you font have a cash reserve to exploit.

My only complaint was the buyback taking stock off Turcan which they haven't repeated since.

Float is too high for my liking but if they intend to sell it really doesn't matter.
I do wonder if a tender offer is a way to indicate they do not intend to sell-out?

If you can't buy why not sell what you have?
A message.

It doesn't look like the target market for luxe is suffering too much even given the past year price performance for coins. A balanced write-up. News on this front (another innovation) wouldn't surprise as it's hardly a mature market with new ideas and entrants joining on a regular basis.

https://cryptoslate.com/report-bitcoin-and-crypto-adoption-surging-despite-bear-market/

Still a wildcard. Guess we won't know if ever used by some of the new challengers but interesting developments still taking place in eth, btc etc for multiple coin and banking all on the same platform/wallet with the same old issues.

Having moved through important levels the next is 8.5p as a barrier. After that some true uplands. Turcan knows when and where to buy, hope others followed the money. See no reason for the buyback to be active currently so unused cash can remain on the balance sheet.

The market cap of PHD is about 25% of what it was towards peak. Could L&G be selling down as a tracker? Just moving deck chairs to reflect the reduced weight of PHD in the index?

He forgot to mention those driven by sentiment will also be hardest hit.
That is no longer mmx as fundamentals take over.

Remain debt free. If they do any acquisitions let's hope it's when the indebted have hit a wall. What goes around comes around.

Tencent news in general print 24/12 but not a sudden move. Note below too.
.luxe no longer just Ethereum specific.

"Interesting characteristics towards end of Nov 2019.
Spurt of registrations for .luxe.

https://ntldstats.com/tld/luxe "

Could be some correlation to below & other rumours.

https://www.coindesk.com/chinese-internet-giant-tencent-to-launch-digital-currency-research-team

Most probably done by end of play 27th Dec.
Correlation to mmx price?

I wouldnt rely on the buy sell indicators here too.
I'm thinking this could reach 80p during 2020 once results become clearer.

You might as well give up trying to predict short term price movements.

Anyones guess but on 50p share price the cost would be about £480K per 1% to the investor - 0.5p cash. 96M share float. I think they can deliver debt reduction and a small progressive dividend.

Would a tender offer be a better with say 10p per share offer over say 50p upto 50% of the float - immediate 10p upside reducing capital by £4.8M plus costs. Not everyone would tender their 50%. A 48M float if all 50% tendered.

Artemis have 10% and a small amount of that is with Artemis Vct I think and a chance that element will be wound up and returning cash.

Tax loss selling should have already been done so that's one less thing to get in the way before April.

Dividend restart or tender offer to return capital and reduce shares outstanding.
It might help explain the recent share price performance.

DonBronco, well spotted, my thoughts are that the finsncials are conservative (good) and there is potential upside on the good-will write off even to MULTIPLES of materiality. The "matefiality" in question is for group financials the way I read it - set at £270K.

Page 68 - "Materiality for the Group financial statements as a whole was set at £270,000 (2018: £254,000), determined with reference to a benchmark of Group revenue (2018: group profit before tax, normalised to exclude last year’s costs directly attributable to the Group’s acquisitions and subsequent integration (including legal and professional fees, severance payments, office closure costs and the gain on settlement of the forward contract, totalling £1.5m)), of which it represents 0.5% (2018: 5%). Group revenue was determined to be the most suitable benchmark as it provides a more stable measure year on year than Group profit before tax."

Page 67 - "As part of our audit work, we determined that the impairment charge has a high degree of estimation uncertainty, with a potential range of REASONABLE OUTCOMES GREATER THAN our materiality for the financial statements as a whole, and POSSIBLY MANY TIMES THAT AMOUNT."

I read it a potential upside, not downside, and that the decks were cleared and garbage accounted for in a conservative fashion that might lead to a pleasant surprise. DYOR though.