Friday File: Music Royalties, Swedish Betting and Gold Speculation
by Travis Johnson, Stock Gumshoe | July 3, 2020 9:00 am
This is premium content. To view this article (and to have full access to the rest of our articles), sign up. Already a member? Log in.
Source URL: https://www.stockgumshoe.com/2020/07/friday-file-music-royalties-swedish-betting-and-gold-speculation/
about a year ago I mentioned Pyrogenisis, PYR on the Toronto Venture exchange. I started buying this stock in 2013 because of my interest in plasma, waste to energy etc. This year it has gone from $0.19 to $3.60 today based on recent developments in iron pelletization with 3 potential clients, and dross conversion for aluminum producers. Did anyone here ever look at the company? I have amassed several hundred thousand shares over the years, and there is still plenty of upside to this company.
Dan
Glad you held this long !you have way more patience and shares than i do. i bought some the other day around $3 . not sure how long i should hold on to this .what are your thoughts on price upside and time frame. thanks
In regards to the Trade Desk, does IOS 14 concern you with the crippling of IDFA. Maybe it’s even more of a reason to shave off more profit, or as investors should we be more focused on the growth of connected tv?
https://www.forbes.com/sites/johnkoetsier/2020/06/24/apple-just-made-idfa-opt-in-sending-an-80-billion-industry-into-upheaval/#4cb59c2a712c
Connected TV is their fastest growing segment, but not the biggest business yet. I assume there will be some impact from the changes, but I’d like to hear TTD’s feedback on what they see as the impact — there’s often a big overreaction among investors to things like this latest Apple shift.
Travis, congrats on buying Kambi. I expect your impatience will be rewarded. It is a Swedish betting stock with strong growth potential, much like Evolution and NetEnt. Kambi is on the Nasdaq index First North 25 (FN25) which also includes other strong names like Stillfront, Embracer and Storytel. I own all six stocks mentioned and intend to keep them all for several years, even in times of trouble.
I live in Scandinavia (Denmark). If FN25 ever becomes available as an ETF it will be a very big part of my portfolio. Just try to compare FN25 with any other index over any period of time since it was launched in 2015.
Thanks coldplay, haven’t looked at those other names but perhaps I should. I haven’t been to Denmark in years, but loved Copenhagen when I did visit.
With all the crazy politics, virus, and non stop stimulus, I decided this week to invest in some gold and silver. I bought some Fortuna Silver (FSM)and Equinox Gold (EQN). I have never been interested in gold and silver stocks, but everything I read says the big money is accumulating and a massive gold and silver bull market has begun. Since politics and insanity often get their way in the market, I think hedging your portfolio in gold and silver is needed. What gold and silver investments are you making?
own both. Doody project 200% upside for Fortuna
Been researching Aurcana Corp (AUNFF). US / Colorado based company. Looking for silver or gold developers getting ready to start production. Looking for stocks that will go bang as the bull market takes off.
https://youtu.be/am9eADLcx6A
Good video on Aurcana Corp.
Travis, I tried buying a snippet of HPGSF but the Schwab folks said that the company has no liquidity and I need a special team of international folks to buy the st0ck, so they would not process my order. I am an active trader with schwab with a fair portfolio. Is there a trick to buying this stock?
I got a small OTC order filled through E-Trade, but this was in late March, when there were a lot of sellers. I also had not adjusted the limit price I originally set in February upon creating the order, so I probably got the shares at a good premium to the market price in London that day. Downdraft in the market + different broker may work for you as well if you really want the shares and don’t want to go through Interactive Brokers.
Thank you for the response. I’ve placed many OTC orders before and went through my order sheet just fine. I found it odd about this one. But thanks for the heads up appreciate it a bunch.
Every broker treats OTC stocks differently, some
Don’t allow orders in thinly traded foreign OTC tickers, others require you to call in the order or might charge a higher commission. I don’t know how Schwab works, sorry, but I’d always suggest getting direct trading access to foreign markets if you’re interested in smaller or less liquid shares. Many US brokers offer international trading as well, I just prefer the simplicity and low cost of Interactive Brokers.
I’m also using Interative Brokers in Canada.
Questions:
1. Is it better to have the market data or just okay to go with yahoo or other online tool for real- time stock price?( In my case i didn’t had market data, used yahoo to put limit order for KAMBI.ST)
2. When converting currency , are you using Interactive broker currency converter tool or currency trading(Like stock-USD.SEK). how to get better conversion rate?. Thanks.
1. It’s better to have market data — it usually doesn’t matter in the long run whether you base your limit orders on live prices or 15 minute delay prices, but you’ll feel dumb if you put in a limit order that’s above the current ask. If you’re not trading in and out or have a small account where the fee for trading data is too high, you’ll have to decide whether feeling dumb occasionally is worth it. Most other brokers offer live prices for free, though perhaps not in all markets, so you could always check to see if you get the data elsewhere too.
2. I use XE.com for current exchange rates, though that’s largely just a habit for me — they’re available from lots of other places as well (including Google, just put in USDSEK in your browser bar, for example, and Google will tell you the current exchange rate, pulling data usually from Morningstar).
I have also a small position on Kambi on the Stockholm Stock Exch.
What do you think about Betsson BETS SE0014186532 ?
Haven’t looked at them closely, mostly because they’re growing more slowly and have just their first toe in the US now, but a very established company in gaming and igaming in Europe.
Travis,
While your were talking about Swedish betting, you should take a look at LCA.
As usually, I only bought the warrant, LCAHW.
Hi Travis.
I can’t see the real-money portfolio spreadsheet on the page anymore? Is the page broken?
Hi Bezoomny, If I may respond, as I got the answer to your question a few days ago: It’s hyperlinked in the green “IRREGULARS REAL MONEY PORTFOLIO 7/3/20 UPDATE”. Clicking on that green text,will get to the document: https://www.stockgumshoe.com/wp-content/uploads/2020/07/portfolio7320.pdf
Thanks Claude. It also might have helped if I had just read the text on the page!
Trade Note: Closed Arbitrage Trade at a Loss
Just a quick note that the news out of Delaware this morning that Comtech has filed a complaint against Gilat regarding their merger brought the shares down by about 15%, and caused me to sell out of my equity and option arbitrage position at a loss.
This was never a long-term position, just intended as a play on the merger going through with a relatively high return potential given my assessment of the risks — the risks were never zero, and the suit by Comtech is the first indication that they’re dissatisfied with Gilat’s performance in the regulatory review process and/or want to negotiate a better deal, and that means I will take my loss, thankfully fairly small, and walk away with my tail between my legs on this one.
I read the tea leaves and thought Comtech was still committed to the strategic appeal of the deal, so I was willing to wait out the Russian approval risk, but this filing indicates to me that they aren’t — or that they at least want more leverage over Gilat to renegotiate, so I’ll leave them to it. It is quite possible that things will still work out OK in the end, this could end up being lawyerly posturing or Gilat could win in the end, and even in the short term it’s possible the market is overreacting in selling on this news (like me), but the increasing complexity of the situation makes it inappropriate for my short-term arbitrage speculation. Incidentally, I’d be surprised if this doesn’t pop CMTL shares higher as the news trickles out, so that might be an opportunity for folks who like speculating (I’m not going to, to be clear), even if CMTL as a long-term investment is more interesting to me with GILT than without it. I no longer have any position in either company.
The plot thickens, now GILT is accusing CMTL of trying to sabotage the merger by intentionally slow-walking approval in Russia.
GILT just got a milti million dollar contract with China yesterday. I believe GILT is very attractive on its own. I never liked the deal and I hope it does not go through. I don’t see them losing a lawsuit because Russia hasn’t finished their review. Just saying…
I hope it works out for you. I expect CMTL and GILT will probably both be in pretty good shape in a couple years, given the likelihood that demand will rise for satellite backhaul for networks as well as other growth in the satellite land station business, but it might be a bumpy road.
Thanks for the Trade note Travis; I sold my$4k in GILT.
Hi thank you for the update, I followed your lead & sold my position in Gilt
me too