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ARB Argo Blockchain Plc

11.00
0.00 (0.00%)
17 Apr 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
  0.00 0.00% 11.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
10.50 11.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3628 -0.30 58.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 11.00 GBX

Argo Blockchain (ARB) Latest News

Argo Blockchain (ARB) Discussions and Chat

Argo Blockchain Forums and Chat

Date Time Title Posts
17/4/202406:14Argo Blockchain PLC34,100
12/3/202410:11The Argo Blockchain TA & OT thread 10,968
10/3/202314:32ARGO Blockchain PLC 931
03/8/202213:44Argo Blockchain - multibagger52
24/5/202217:57Carnival of sleepy market makers136

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Argo Blockchain (ARB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-16 15:35:0911.0020,3472,238.17UT
2024-04-16 15:25:1711.003,000330.02O
2024-04-16 15:17:2111.2562,1886,996.15O
2024-04-16 15:15:5611.0013114.41O
2024-04-16 15:10:5311.4586899.39O

Argo Blockchain (ARB) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 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 11p.
Argo Blockchain currently has 535,325,166 shares in issue. The market capitalisation of Argo Blockchain is £58,885,768.
Argo Blockchain has a price to earnings ratio (PE ratio) of -0.30.
This morning ARB shares opened at -
Posted at 15/4/2024 02:25 by caveater
People would have headed for the exit long before now if they thought the halving was going to be disastrous for ARB......but will be interesting to see what happens to both ARB share price and Bitcoin price when halving occurs.
Posted at 20/3/2024 10:32 by 1knocker
Look at the BTC price movements around the last couple of halvings.
It didn't make an ATH ahead of either, and did not get moving until many months afterwards. So far, BTC 2024 is pretty much in line with the 1016 and 2020 movements.

Some say BTC has a predictable patten, but I am not convinced by any of the valuation models, save tht it is generally does not do well when big tech is not doing well.

As for ARB, I feel no inclination to get back in now, though it is below the price at which I sold out the last of my holding. If BTC follows the 2016 and 2020 pattens, ARB is going to be in trouble when the cost of mining doubles next month because its balance sheet is not strong enough to wait long for the BTC price to rise. It is dependent upon making a trading profit on mining and selling BTC.

Others take a different view I know, and i certainly have no crypto crystal ball, but while I am happy to ride the roller coaster with BTC I feel a whole lot happier being out of the miners (and especially ARB at present.

Sorry to be so gloomy, but that is how I see it and, more importantly, how i am playing it. Time will tell whether I have got it plaited or not.
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 14/3/2024 21:38 by 1knocker
Well, zyde, his gung ho style did carry ARB to the heights, even if the wheels did fall off pretty soon afterwards.

A few months of PW 'magic', an share price one tenth as high as ARB's peaked at, and the QBT holders could get out with broad smiles on their faces.

But would they do so? No, I guess they would all double their holdings at the top and ride the wave all the way to the bottom, 'averaging down' every alternate trading day.
Posted at 14/3/2024 15:03 by 1knocker
Despite the much improved management team, I do not see a future for ARB.

It is a small operation, with no USP or operational advantage, no significant holding of BTC, and a weak balance sheet.

It needs to raise capital to expand its operations, and at its current market cap even a highly dilutive capital raise spent on new mining capacity would still leave it very much at the small end of the sector.

It has little in reserve to ride out any period of unprofitable mining following the imminent halving, and is thus at the mercy of the BTC price. With the world, his wife, and their dog all unanimous that BTC will keep on rising, I can't help wondering if we are due a sharp pullback in the BTC price some time during the next few months.

Sorry to be so negative, but it is a view I have held for some time.I sold the last of my ARB a while back, before BTC got motoring, and above the current price. Even if you see value in the sector, I can't see a case for selecting ARB in preference to one of the stronger US miners. Buying US shares is not difficult, and as none pay dividends there is no jurisdictional tax complexity to contend with.

Personally, I don't much like the crypto mining sector. It seems to me that the crypto currencies themselves and the crypto brokers are the way to play this bull run.
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
Argo Blockchain share price data is direct from the London Stock Exchange

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