101 days ago
With the shares in Smarter Web (SWC) fast approaching fully diluted NAV of around 46p (and which itself is falling post the recent Bitcoin price decline of near 20% and thanks to the bloated Plc overheads), a fellow market professional reckons my share price target of NAV, 46p, is far too generous. He opines:
194 days ago
As with everything in finance the USA tends to lead the way. In light of that the latest note from Matt Levine should makes those rushing pay 7 x NAV for Smarter Web Company (SWC) think again if they are indeed capable of sensible thought at all. Levine is no dinosaur. He argues that such companies should trade at 2 x NAV. I think they should trade at closer to NAV. Anyhow...
