💾 Archived View for sdf.org › blippy › 2023.gmi captured on 2023-07-10 at 14:26:49. Gemini links have been rewritten to link to archived content
⬅️ Previous capture (2023-01-29)
-=-=-=-=-=-=-
Blog for 2023
High/low prices
2023: $81.6/$72.8
2022: $123.7/$71.5
2021: $84.6/$47.6
2020: $63.2/$11.2
2019: $66.2/$46.3
2018: $77.4/$44.8
2017: $60.4/$42.8
2016: $54.0/$26.1
2015: $61.3/$34.5
2014: $107.9/$53.4
2000: $37.2/$23.9
1995: $20.5/$16.8
1990: $41.0/$15.4
Oakley Capital (ticker OCI) I'm a holder of this since 2017. OCI do private equity. What caught my eye is a pic on a Tweet by Merryn Someset Webb: "Takeover fever grips the City: Private equity giants swoop on yet more London-listed firms". The ratings of smaller companies is quite modest at the mo. OCI has a NAV of 668p and trades at 477p, for a discount of 29%. On 16 Mar 2023 there was a directory buy of £196k. This is all a bullish combination, so I intend to keep holding.
one 2021 analysis found that not only were 90 percent of U.S. startups that were valued over $1 billion unprofitable, but that most would remain so.
The collapse of SVB (Silicon Valley Bank) is another landmark of what I call the Tech Reboot. The low interest environment fuelled speculation in risky enterprises. As interest rates rose it started a reversal of that trend. Let me illustrate. Two days ago GitLab shares lost 38% after "weak" revenue forecasts. Its revenues actually rose 58% year over year. Its TTM (Trailing Twelve Month) revenue is $379m. Its market cap is currently $5.1b based on a share price of $33.96. It is loss-making. Let me spell that out. If you make $379m in revenue, but you still cannot make a profit, then you do not have a viable business. Its valuation is over 10X revenue - a sky-high valuation level. I reckon that Silicon Valley startups are going to have to lose 90% of the valuation in order to get close to more rational level of valuation.
Average house price: £296,000
Average discount on the asking price: 4%
Average first time buyer ager 2021: 32
Average time it takes to sell: 18 weeks
Proportion of sellers who've cut the asking price: 25%
Average gain in price since the onset of the pandemic: £69,000
Average first time buyer deposit 2021: £53,935