Member Info for Yuri.F

Re:
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... I see the debt to equity ratio as one of the the most, if not the most, useful metric. They are as follows:
Corz 20:1
Argo 3.5:1 ...
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Looking at their June accounts it seems like on a paper (without going actual fair-value details) equity was £165m
and total liabilities £138.5m (with bond debt £40m) therefore debt-to-equity is rather 0.24:1 or 1:4.13 (situation obviously has changed by now).

by the way - checking their March it seems like break-even BTC price was at above $30K
that's considering cheaper energy, lower hash complexity

today's BTC is $17K, energy costs +20%/+30%, hash difficulty +27%
suggesting operations are highly loss-making (e.g. break-even is at above $50K+)
do they even cover variable costs? (since fixed costs are way too far because technology assets can be discounted for at least 60% outright). If not then pulling the plug right away is probably the best option to protect creditors.

Yes, but if you check into more details you may notice what there weren't any material volumes (or total value) changes on those spikes nor any moves by serious institutional investors (TR1/holding RNS), all those sp moves were because of easily influenced amateur investors with little money on low liquidity and sentiment/perception effect.

IMO if it goes into admin (because of say looming liquidity troubles if creditors pull the plug)
and without going too deep into details - then they can recover 30% from property/plant/equipment
category (writing off 110m, cards get cheap fast), then say good-bye to goodwill/intangibles (-4m),
not sure what they have on "other investments" category (annual accounts/interims should have more details)
but I would discount it for another 20% (-23m)
then probably 5m as operational closing-down costs and 5-10m admin costs.
Leaving distributable residual equity of roughly 15m vs last m-cap of 32m..

but if "other assets" consists of troubled and rapidly deflating bubble assets then there might be nothing left after paying to all creditors.

If someone does offer financing then it will be crazy collateralized and highly diluting (if it goes via convertible/equity path) since money aren't cheap these days anymore and risks in crypto just went sky-rocket high (after recent events across the space).

Finderskeepers23 / Re: ... Daylight robbery ... Trail of deceit and lies, why is no one higher up taking this case to task? ...

Class action lawsuits (Group litigation) are gaining popularity across the world but in UK it's on "opt-in" basis,
generally if you're expecting someone else to do it for you - then it's not happening, you will have to take an action.

For instance with Volkswagen emissions scandal in US it was more or less automatic, here in UK - it's more about every interested/affected to submit/join claim (although looks like CMCs/Claim Management Companies have pocketed most of it anyways).

Re: ... (don't get me started), just to name a few. senior management exposed as amateurs... / krautyankee
It's not like investors are highly professional either, so right match, like for likes..

You may notice what these targets are all over the place if compared between various investment banks, funds, analysts, gurus, etc. Always been hardly reliable, not something any of them have accountability for, so back to classics: DYOR.

yeah, someone got locked out ... what a "surprise"..

Someone is too deep digging into the past while letting the present to pass by unnoticed.
New RNS is out:
https://www.londonstockexchange.com/news-article/market-news/practice-statement-letter-re-scheme-of-arrangement/15751034
https://petropavlovskplc.com/administration-news/

I wouldn't say rules are drastically relaxed on every aspect of regulations, same old same old,
Santander was fined by FCA on AML grounds for £108m
https://www.londonstockexchange.com/news-article/market-news/fca-fines-santander-uk-ps107-7-million/15751007

Thank you for all the hints and reasoning but I do prefer to make a decision on actual fundamental data
(aka fact-driven), plus some other criteria, but definitely not hopes/expectations,
furthermore shares should be available at safe discount from valuation (as per above).
there are not so many stocks available meeting this condition but these opportunities do exist time to time.

Unfortunately in my view LIT is priced like it's already has delivered
all future promises and without any risk considerations.
If I would have followed promise-driven "chasing the star" strategy - would have lost most of my capital
long time ago despite guessing right in some cases (even with diversification as AIM statistics shows),
so LIT is rather not my cup of coffee (have seen so many train-chasers burned on many tickers).

The only reason I'm keeping an eye on it - is to follow sector trends
(since LIT isn't the only player on this field, there are other tradable tickers).

There was a conference (with BUR and other participants) discussing class action too (but more for a Europe market)
https://youtu.be/jQUQ_xsHTPs

Spot-on with A$, FY22 shows A$94m of equity,
today' m-cap sitting at £82.6m or A$150m in FX terms or 60% above NAV
It isn't good from CF perspective either if we take their net profit history (A$m: -2.21/-2.34/8.64/7.11/5.25/8.86/6.64) since 2016 (or even shorter/better period) at say 10% discount rate (but it is AIM market after all, therefore should be 15%).
Unfortunately everything points to overpriced range and no clear indication of net profit growth.

POG Fraud case - court verdict:
https://www-kommersant-ru.translate.goog/doc/5706335?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

FumbleBuck
1) forum won't go anywhere from here for years, it simpy won't be updated anymore as with many delisted companies.
2) disclosure of periodic accounts for banks is mandatory and should be done in accordance to relevant standards, therefore it won't be "bare minimum" (but since they're about to leave UK market - these will be different standards as per changed jurisdiction).

marty_mcfly, thanks detailed roundup but unfortunately for me knowing a bit about real statistics on a progression and outcomes for startups at the moment there's not much of a solid investment-grade triggers happened to justify opening position here at this price (although it might be related to my specific blend of risk/reward appetite and investment strategy, I'm sometimes wrong with dodging the risks but it's saved me so many times from permanent capital losses and up to total wipeouts.). Might be worth revisiting AMTE' situation after some time.
Good luck..

On a quick browse I don't really see.
Couple of major bullet points might be sufficient, without going in depths.
Thank you.

or MADE

So 6 £M loss with 8 £m equity left, how come this still sitting at 23.5 £m capitalization?
Another year like that and they're toasted without new equity raise.

Was reading today's report from "abrdn Equity Income Trust" and noticed LIT listed there as part of portfolio, it looks like there weren't any changes since previous interims for their position here (since total valuation % drop roughly the same as sp reduction).

What's this shuffle is about?
Was it something knows in advance or this "with immediate effect" is unexpected?