Topic: [Havelock Investments] - Havelock Mining Fund (HMF) - page 2. (Read 19445 times)

Apple, has a valid company, due to the # of slaves it has.

That is a fact.

Slaves come from where?

I am not disappointed to hold HMF, also, I predict a valuation of 1000 USD per share before ...long.

Haha, "helping" is what you are kinda doing.  Haha.

No, you make too many assumptions above.  I watch those "Car Buying and Selling" shows on TV all the time.

I used to be a stockbroker, I know how shiny things can be made.  Yes, you seem to have some analysis skills.  However, the fund could do an x10 reverse split and go on the offense for publicity, and change things.

Apple, is a shit brand, but their stock price is meaningful for some.  Does fascism sell well?  WE are witnessing it right before our eyes.  But yes, there are many opinions here.  May you become rich.

I'll help you with your long-term picture.
This "fund" has been bleeding money all year long, with heavy losses in every quarter.  The money you get in dividends isn't "profit."  The value of your shares, *and the underlying asset -- the actual mining gear*, drops more than you get back in dividends.  That's called "LOSS," regardless of whether you use dollars or doughnuts as your units of account.
If a mine was worth X BTC last week, and the difficulty doubled, it's now worth only *half as much*, X/2.  If, in that time span, you have mined less then X/2 BTC, you have lost money.  This has been the case throughout the year.

To add to your losses, power cost & management fees are deducted from the mining income.
Showing quarterly losses is not sustainable, it's eating through the funds originally invested into this "fund" by people like you.  When that money is gone, it will no longer be possible to simply put a negative sign in the net income column if you mine less then you spend.  The coin will have to come from somewhere.  
The endgame, which is already in progress, is unattractive to most investors.
That's why the share price is tanking.

Correct me if I am wrong, but the analysis above says that lightbox is putting + money into the mining gear.  Which is an okay thing in terms of long term investment.

So, I am serious when I fly the flag for this fund.  Because, in the long term, setting a consistent pace, is important.

So, I just got my dividend on my shares, and it comes to $30 per month, essentially, in terms of BTC price at this moment.

But, that .025 BTC dividend, accrues.  Therefore, the same dividend from this month, that 30 USD of BTC, can be transformed into 300 USD of BTC, if BTC goes to 10,000 USD per BTC.

In terms of how high BTC can go in terms of USD, it's more like this:  What could possibly ever KEEP the USD tethered to BTC??  Soon, it will be a million USD to buy one BTC, but what does that mean in a totally rigged market?  In that future moment, did BTC fly high or did the USD, drop Weimarishly to the depths of value?  Did firewood scale upward so drastically during Weimar inflation?  Did trees suddenly become less available?  Why did it cost millions of marks, to buy butter?

So, I will be buying more shares at these prices, because HMF provides a solid long term nest egg type mattress, and I do believe in the integrity of those behind it, if for no other reason than they survived this long.

ALSO, if lightbox decides to sell the HMF mining consortium, I am sure he will give his HMF shareholders a book+ valuation hopefully, when the sale goes down.  They'd probably be buying the whole brand, but that's okay, so selling out in terms of rewarding shareholders, might be a nice move for HMF.  I am holding and looking forward to next months dividend.

Nice analysis, I am saying its a buy at these prices, simply due to the fact that Havelock seems to have survived the first BTC market purges okay, so lightbox must be a straight shooter, like Steve Jobs.

So, I see this fund at .3 BTC per share within 3 months.  Also, I send incense up to the Goddess with that prayer.  It's a fucking deal at these prices!  Get it cheap!

The fund HMF has announced a dividend!

Dividend Pay Date: 2013-11-30
Dividend: 0.00100000BTC/unit

Dividends will be paid out on the payment date shown

Looking at the financials (quarterly), this thing has been in the red for the  entirety of 2013.
q1 (-฿126.1515)
q2 (-฿233.8544)
q3 (-฿158.4161)

That's something to understand.  A mining fund paying *more* in dividends than it makes mining.
This month shows a 14 BTC profit, last month was ~123 BTC loss.  Next month will be a loss (difficulty rise, no new equipment coming online that i can see).

Now, bothering to open a pdf & looking at the most recent (Sept) breakdown:

Assets: 50 BTC in coins & 480 BTC in mining gear, total of 530 BTC.

What's the 480 BTC worth of mining gear?  Well, it's 24 BFL singles, lolz.  Allowing a generous $3000/per, and using today's exchange rate, the value is 86 BTC, *not* 480 BTC.  Yes, exchange rate *does* factor heavily in mining bond-things.
*If there are more detailed books, where basics like equipment depreciation are accounted, i'd love to look at them.

And this is just the most cursory glance at the financials, a quickie.  I may have made a pile of errors here, so please don't use this as anything but an invitation to check for yourself.  If i was risking my coins, i'd use something better than ~ and sloppy "top of my head" math.

Again, if you see errors and missing data (both likely), i welcome you to point me to both.

Lol, this?

The dividend is pretty high if your buying these shares at these all time low prices, and at a price of 0.05, right now it's 0.03, 5 btc would get you at the current next month dividend(0.001) of 0.1 btc per month , and a yearly return of 24%, when the dividends are higher than 0.001, then the return would be even higher.

When the price of btc goes up, people feel more comfortable holding coins...As long as the fund continues to reinvest and be at the front of new equipment, I think they will be able to keep the consistant dividend, and possibly increase over time.

As the price of btc becomes 1000, a share price of 0.05 even becomes relatively expensive in terms of fiat which people are psychologically adapted to thinking, it is harder for new people to go into shares if they didn't have 1000$ to risk just to get 1 bitcoin, people spend 200$ to get 0.3 btc, so they would be less likely to buy shares if they can only have 6 shares (and that's at an all time low price), while having to trust that the fund will continue operating as planned.

If havelock maintains what they have been doing, or maybe use some of the funding from HIF to get even more equipment...

Maybe a share split by another factor of 10, would make the prices more managable for people getting into btc now at such higher prices. Right now 0.03 would be 0.003, and perhaps this would be advantageous, instead of someone with only 0.3 bitcoins being able to get 6 shares, they could get up to 60, which I think appears better mentally, while providing the same return per month

How much per share is that bowl of crap called Google?  How about that maggot ridden corpse called Facebook?

Come on people, this fund should be valued at a way higher level.

You know google and facebook will fuck the Earth over, but havelock seems to be a group with some integrity, at least enough to survive the first bitcoin market purges, right?

So buy this fund until it bleeds gold, says I.

Hello all,

We've posted our first newsletter under fund reports:

https://www.havelockinvestments.com/reports.php

This will detail the fund's operation and pertinent news (including estimated dividends for the month).  We'll be releasing one during the 3rd week of each month.

Thanks,
HMF (formerly HIM)

No updates on next month's dividend yet, huh?

Stocks need to be promoted, in order to rise in price.  They do not promote their stock, so, it is getting bludgeoned to death.

It is one thing to set up your little BTC mining rig, oh wow, good job! It is another to allow the fund to be hammered by shorts and robo-traders.  Amateur hour, all the way.

It is a good fund in terms of the guy who runs it being apparently forthright and honest, but that is not what makes a stock do well; You need promotion and buying.

I see no buying, no professional discussion of BTC mining stocks at all, anywhere in the world.  So, the whole sector is basically a joke, and a playground for robotrading, which means: it will be shorted into infinity if the owners do not promote it, imo.

Any news on the growth front?
What options are you looking at?

I really regret buying this fund atm. I've lost bitcoins due to the rise in price. I can't foresee the dividends being able to return the amount Ive lost in BTC, even in a year. I knew it was a risky investment from the start so I'm not too worried. Does anyone think the price of this fund  will ever go up enough for investing into it to be worth it?


I feel like selling the funds back for bitcoin is the best course of action, anyone have a differing view? I know I technically didn't lose any money, in fact i've actually made a slight amount. Although holding bitcoins would have earned me more. Not to mention i can actually spend those coins...

I own a few shares in this thing, trapped at around 6x the current price.

So we can say that this fund, is not in any way, connected to the price discover mechanisms, of BTC.  Or not?

I have suggested, as a former stockbroker, that you CAN, advertise your fund, as being better.  That's why TV shows us commercials of funds, using FRN-denom-electro-fraction-money-quatloos, and these funds, do gain value, in terms of that "money"

So, though my BTC investment SHOULD be making money, i.e. BTC, from the "market", it is instead, a dead dog, which sits like its been beaten with a stick.

Welp, glad to see the mining and micro dividends are going well, but I can't wait until this thing floats back to the surface, because I don't see anybody paddling.  Havelock has a good reputation, no complaints there, thanks for being at least as good as your broker-peers in the real world.  But those brokers in TRW do promote their funds, finding value, and increasing share price.  Please do work on that part of your operation.  Thanks.

Also, for prospective investors, when do you expect anything other than a nosedive for this fund?  Can we brainstorm a way to value-add to this thing?  I want it back at its old valuation, since interest in BTC is spiking.

havelock currently down?

EDIT: back up again

Sorry, think I mixed up your first name with the Virtex guy's last name. Duh.

That's all the singles we have on order.  We're looking at a few other options at this point to continue to grow.

That's the best dividend in 2013, thanks. At the announced hashrate, next month should be even better.

Any more miners coming in from BFL or is that over? (65nm technology, not the Monarchs)