We hold shares in ARB. Following on from our analysis last month, we have completed a second set of hypothetical calculations to assess the valuation of the business across a number of key metrics – most importantly, BTC price and number of BTC mined per month. We have taken as our starting points An estimated…
Category: Investing
Aeorema Communications Valuation Analysis
Aeorema Communications (AEO) is the AIM listed owner of events company Cheerful Twentyfirst. They have a very impressive client list including Microsoft, HSBC, Vodafone, and EY. The main activity is organizing events for these corporate clients – including running stands at trade shows and other exhibitions (they appear to do a lot at Cannes Lions),…
Argo Blockchain (ARB) analysis
All information in here are our own estimates, which have been based on numbers released by the company. Particularly, we have relied upon the monthly updates of the company NOT double counting rig purchase numbers – we have not verified this with the company. These are only estimates and should not be relied on for…
Rockrose Energy (RRE) Valuation Analysis
Rockrose Energy was floated in 2016 with a raise of £4.4m. The plan was to acquire oil producing assets and it has since completed a number of acquisitions, most recently the North Sea assets of Marathon Oil. The stock has performed exceptionally well since listing, and currently trades with a market capitalisation of c.£275m (though…
Eve Sleep – Online Reviews Analysis
Eve Sleep (LON:EVE) is a mattress designer and seller that (historically at least) has focused on the direct-to-consumer channel. The company listed in June 2017 at around 100p a share, and today trades at 7.55p a share. Whilst the company has grown revenue at a CAGR of 137% since 2015, it has disappointed on the…
Concepta – how well is it really selling?
Context Concepta is a company that makes the MyLotus fertility monitor, designed to help women who are trying to get pregnant. As of 15th July, the company has market cap of £7.8m and 2018 revenues were negligible as the product was not yet launched. However, in 2019 they have properly launched MyLotus, have got it…
Checklist Investing (3/3)
Growth and Forecasts EPS Growth Earnings per share growth measures the rate of change in the earnings of a business. It can be forecast or rolling and is generally presented as a %. It is important to consider the basis for the earnings, eg – are management skewing earnings by capitalising certain spend that should…
Checklist Investing (1/3)
Knowing what we now know about emotions in investing, we can start to try and limit their negative impact on our investment decisions. In this series of articles we explore a few areas of checklists and how they might be helpful to investors when making their own systems and strategies. We explore 6 areas which…
The Paradox of the Investor
We think there is a fundamental decision an investor faces when they think about how to approach the capital allocation. The decision is between how active should I be in the decision making process – should I decide in detail, regularly, where to invest, or should a delegate that decision to something or someone else….
Emotions in Investing (2/2)
Knowing what we now know about emotions in investing, we can start to understand how they impact returns. These impacts including Buying too late We might see an opportunity or stock we like, do our research, get comfortable with it, but fail to act because we concerned and paralysed by potential losses. It is important…