ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ARB Argo Blockchain Plc

13.70
2.00 (17.09%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 17.09% 13.70 7,229,059 16:40:26
Bid Price Offer Price High Price Low Price Open Price
13.00 14.00 13.75 11.75 12.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3628 -0.37 72.27M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:42:21 O 50,000 13.00 GBX

Argo Blockchain (ARB) Latest News (2)

Argo Blockchain (ARB) Discussions and Chat

Argo Blockchain Forums and Chat

Date Time Title Posts
28/3/202418:16Argo Blockchain PLC34,013
12/3/202410:11The Argo Blockchain TA & OT thread 10,968
10/3/202314:32ARGO Blockchain PLC 931
03/8/202212:44Argo Blockchain - multibagger52
24/5/202216:57Carnival of sleepy market makers136

Add a New Thread

Argo Blockchain (ARB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 16:42:2213.0050,0006,500.00O
2024-03-28 16:40:2613.70200,93927,528.64UT
2024-03-28 16:30:0413.7568293.78O
2024-03-28 16:29:1214.00120,00016,800.00O
2024-03-28 16:28:5313.7540,0415,506.08O

Argo Blockchain (ARB) Top Chat Posts

Top Posts
Posted at 29/3/2024 08:20 by Argo Blockchain Daily Update
Argo Blockchain Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker ARB. The last closing price for Argo Blockchain was 11.70p.
Argo Blockchain currently has 535,325,166 shares in issue. The market capitalisation of Argo Blockchain is £72,268,897.
Argo Blockchain has a price to earnings ratio (PE ratio) of -0.37.
This morning ARB shares opened at 12.25p
Posted at 15/3/2024 07:17 by thedustyone
This concerted negativity towards ARB over the last few days is nauseating. Yes, we know the history of the stock and previous management actions before the restructuring. We don't need to be reminded ad inifinitum with the added opinion that the stock is dying/will be dead post halving. It feels like there's an agenda here on a stock with relatively lower trades in recent times and mostly by PIs to drive the share price into the ground. Meanwhile,the share price recovered in the US after the London close rising by circa 15%.

Dusty DYOR
Posted at 13/3/2024 10:30 by pwhite73
stockhunters - ARB is a miner of bitcoin. Like every other AIM miner the rising price of what you mine has no effect on your operations unless the sale of the product covers your expenses and services your debt.

If you're a gold miner the price of gold could rise 1000% but if the price of gold is not covering your operational costs and servicing your debt the company will eventually go bust.

That is where ARB is. They have debt and their mining operations have been adversely impacted as per the RNS 05/03/24. That's why the all time high price of bitcoin has no effect on the share price of ARB.

The next reappraisal will happen when they report operations for March 24 which won't be until early April 24.

Furthermore I suspect they are also forward selling the next discount placing.
Posted at 11/3/2024 16:02 by 1knocker
It is amazing, the QBT Exploitation board are all drunk with the prospect of becoming billionaires! Why? Because the share price has regained the last share placement price of 1.5p !!

Today i have posted there:-
that I have tried to buy 100m QBT shares but have been unable to get my order filled
2. that I need to buy at least 50m shares so as to be a billionaire by the end of the month when the share price will be £20
3.my broker has agreed a £1.5m facility of my margin account, with a 0.25% margin, provided that the money is spent exclusively on QBT shares
4. The factors which clinched that deal were Sharetlk and his followers 'conservative fair current valuation' of QBT shares at £1, the near certainty that the share price will be £20 by the month end, and the broker's confidence in Sharetalk because he is a paid up, traceable subscriber to ADVFN. !!!!

Not ONE of them has spotted that it is a wind up! All my posts have been upticked multiple times! Does any of them even know what a margin account is, or the terms on which the limits are set? Sharetalk normally suppresses my posts within minutes of them appearing - but he has not suppressed a single one of these!

I don't think I could have made my posts more wildly OTT. I really don't want to encourage anyone to risk his money there.But they will swallow ANYTHING.

If that lot were Eskimos, one could name one's own price to sell them snow.
Posted at 06/3/2024 10:28 by 1knocker
The muppets from the QBT board are desperate to find more mugs to buy QBT. They have been buying QBT at anything up to 3.5p (current share price 1p)and are deeply in the red. They imagine that posts on BBs can move the share price Hence their posts here, and zyde's and my warnings to take no notice of them.

QBT is a sucker share, and Sharetalk's QBT board is manipulated to suppress any post which does not assert that it is going to 100 bag at least, and will make all the shareholders billionaires before the year end. And the band played 'Believe it if you like'!!

Dishonest or just deluded? Both, probably.
Posted at 28/2/2024 09:02 by jumpenjim
yesterday btc broke through 57k arb price touched 22.5
today btc through 59k arb price 21.5
you could not make it up

jj
Posted at 27/2/2024 18:43 by dipa11
"Argo Blockchain PLC GBP7.8 million ($9.9 million) PlacingSource: UK Regulatory (RNS & others)TIDMARBRNS Number : 8691YArgo Blockchain PLC08 January 2024Press Release8 January 2024Argo Blockchain plc("Argo" or "the Company")GBP7.8 million ($9.9 million) PlacingArgo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to announce it has raised, subject to Admission, gross proceeds of GBP7.8 million ($9.9 million) by the issue of 38,064,000 new ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") at a price per share of GBP0.205 to certain institutional investors (the "Placing"). The Placing price represents a discount of approximately 1 per cent to the 30 trading day VWAP of the Company's existing ordinary shares for the period ended on 5 January 2024, and a discount of approximately 24 per cent to the closing mid-price of the Company's ordinary shares on 5 January 2024. The new Ordinary Shares being issued represent approximately 7.06 per cent of the existing issued ordinary share capital of the Company prior to the Placing.The net proceeds of the Placing are expected to be used by the Company for working capital, the repayment of indebtedness, and for general corporate purposes. The Placing is limited to those certain institutional investors that have already subscribed and this announcement should not be considered an offer or solicitation to purchase or subscribe for securities in the United States.The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC. Admission is expected to occur, and dealings in the new Ordinary Shares commence, on 11 January 2024."DOOR
Posted at 24/2/2024 14:20 by 1knocker
Broomrigg, a liferaft is not a vessel of choice. Anyone taking to a liferaft does so in the hope that someone will turn up and take him out of it to the shore! Happily, investors have no need of a liferaft. They can step directly ashore, ie sell.

For those anxiously watching ARB's cash runway, note that Riot (one of ARB's much larger rivals) is making losses on its BTC mining even before the difficulty, and thus its cost of mining each BTC, doubles on the halving.

How many miners can you identify which are currently mining BTC profitably? Crypto mining is not, across the sector, a profitable business. The crypto mining sector is not unique in being net capital destructive. As a sector, the gold mine exploration sector too has throughout the ages been net loss making, for example.

The difference though is that those few gold explorers which do strike paydirt make big profits. That is not the case in respect of crypto mining; they are akin to gold miners operating uneconomic mines, which do contain gold but where the cost of mining that gold exceeds its sale price.

The crypto miners make big profits only on their stashes of BTC, when the BTC price rises. So their business model makes no commercial sense, any more than it would to mine gold at a greater cost than the price of purchasing it, in order to hold that gold in the hope that its price will rise. Why mine BTC at a higher cost than it can be bought in the market, in order to hold it in the hope that its price will rise? If you are betting on a rising BTC price, don't mine it, buy it in the market when the price is favourable. It only makes commercial sense to mine a commodity, be it gold or BTC, if your AISC of mining that commodity are lower than the price at which it can be sold at the date on which it is mined.
Posted at 22/2/2024 10:43 by 7rademark
ARBs short term share price is reliant on BTC. But ARBs Sp as with other miners can over react and give a greater reward or loss than owning BTC. if BTC puts on another 10% before halving I thing ARB will go alot higher hence my comments. I don't really care about ARBs medium to long term future or knockers negativity. If the trade fails so what.
Posted at 20/2/2024 18:37 by 1knocker
Be careful, 7trade. ARB's balance sheet is weak, it has no great stash of BTC (unlike the big US miners), its mining operation is unprofitable on an AISC basis and its costs of mining each BTC will double after the halving. It need to raise a LOT of capital if it is attain critical mass. Expect a deeply discounted, highly dilutive, issue of new shares. ARB has no USP now. I think you need to identify a big potential upside for ARB to outweigh the risks in order to conclude that the risk /reward ratio favours buying ARB rather than BTC. ARB will suffer if BTC falls, but ARB also caries operational risk which BTC does not.

The consensus seems to be that BTC will soar on the halving, but the world and his wife are also pointing out that BTC has a highly predictable price movement pattern on halvings. Logically, one would expect that market expecting such a rise would have priced it in ahead of the event. If the expected surge does not occur, inflows of investment int te new BTC ETFs may not be as great as expected either so that they will provide a smaller tailwind than expected. On the other hand, a BTC price surge big enough to catch the eye of the non-financial press could lead to sudden large inflows into the ETFs, and a liquidity spike. In that event, the tricky question would be when to take profits, as hot PI money might well flow out as fast as it flowed in on a sudden price drop.

Those considerations also pose a very tricky question as to when ARB should raise capital: go early, while BTC is on the rise, or go later when it may be much higher (and with it the ARB SP), but at the risk of missing the boat if the BTC price does not behave as predicted on the halving?
Posted at 14/2/2024 23:07 by cyberbub
What's the ratio between the US share price and the UK share price please?
Argo Blockchain share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock