Spaces announcement on $MKTY
8:30pm EST, Friday 9/24/2021
To my delight, had a lot of inbound inquiries after I posted $MKTY on substack. I will be hosting a Spaces with the OG axe on the name, @kingdomcapadv to discuss the opportunity and take questions from the public
$MKTY is an up-and-coming Bitcoin mining operation, which relies purely on green energy. The Company trades at a very low valuation, as the market has not appreciated the ramp and the run-rate earnings to be achieved in very short order.
I think this is a very interesting opportunity for value investors, even crypto skeptics (including me!) and shares have been weak recently, dropping from almost $12 to ~$8/share despite an upbeat August monthly report, creating an interesting entry point
Please feel free to send us questions in advance, or just throw them to us when you join the Spaces on Friday evening.
For context, links to my writeup and @kingdomcapadv posts on the name will be provided at the end of the thread so any interested fintwit can read up on the story
If you think this will be interesting and/or beneficial, please retweet and help get the word out! Would be much appreciated
I know everyone is seeing a wall of red and feeling depressed today. Plum is here to brighten up your day 😅 with yet another "pounding the table" for $UAN. I've disclosed this before, it was my biggest position for a while until $ATTO took over recently.
I have a feeling $UAN is going to go parabolic in short order and put all my other positions to shame. Let's start with the unit price action today in a horrible tape
Yes $UAN is literally the only green in my portfolio today... but for good reason I think, because the macro is getting unbelievably positive and I think the market is finally waking up!
Thread for my largest position $ATTO - the latest Substack post went out yesterday afternoon, will link in thread below. Encourage any interested Fintwit to read the post in full, but here is the TL:DR version. Enjoy...
$ATTO - Atento is a leading CRM/BPO player in LATAM, with a growing presence in the US and EMEA as well. This is a $400mm market cap, $200mm EBITDA (pre-leases) business that is relatively unknown to the value community, one that I'd readily characterize as a "hidden gem".
Company is very undervalued, only trading at ~5.2x EV/EBITDA on 2022 guidance, with ~20% FCF yield on market cap based on next year's numbers. Checks all the obvious "value" boxes.
Tomorrow afternoon, I will be releasing my largest and highest conviction position on Substack. Have done 6 months+ of work and after much deliberation, finally developed enough conviction to put pen to paper and share with the public
Am keen to share asap, but having a quick management call tomorrow to tie up any final loose ends. Always good practice, though I generally try not to bother management too much in any of my investments. They have a business to run!
I like this one because not only is it fundamental deep-value, there is a sexy event-driven angle plus a curious case of reflexivity at work - i.e. the higher the price that the market assigns on the shares, the better the eventual outcome, which I think is not too far away
$MKTY released August numbers this morning before market open. As anticipated, results were good and this update certainly reduces some fears around execution risk, as the facilities are ramping well.
I am not going to provide any further commentary until more substantial developments occur. Not trying to pump anything and interested investors can review the results for themselves.
In fact, the subdued stock reaction this morning tells me that not many people are doing serious work on the name and $MKTY still remains an undiscovered gem. I've only been adding on dips since my initial Substack post on Aug 26th
Here's a quick thread for my latest substack post for $MKTY - a BTC miner that is flying completely under the radar and is poised for a rapid re-rate in the coming months. $SPRT is all the rage, but $MKTY should be interesting for curmudgeonly value folks
$MKTY is a rapid execution story - the Company's EcoChain division is expected to scale to 53 MW of capacity by 1Q'22, once all 3 facilities (TNT, Python, Anaconda) are fully ramped. The pitch here - they all rely on very low cost renewable energy
Mgmt. published illustrative set of projections back in May this year which called for $42mm of annual run-rate EBITDA to be achieved by 1Q'22, if BTC price of $45k holds