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| 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
|
|
|---|---|---|---|---|---|
| 0.25 | 2.27% | 11.25 | 1,304,087 | 14:07:08 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 11.00 | 11.50 | 11.25 | 10.50 | 10.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 47.36M | -194.23M | -0.3628 | -0.31 | 60.22M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:37 | O | 10,000 | 11.255 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/5/2024 | 16:48 | ALNC |  TRADING UPDATES: Fletcher King sees materially higher full-year sales |
| 03/5/2024 | 07:00 | UK RNS | Argo Blockchain PLC Argo April Operational Update |
| 25/4/2024 | 12:47 | ALNC | Argo Blockchain narrows annual loss amid bitcoin recovery in 2023 |
| 25/4/2024 | 07:00 | UK RNS | Argo Blockchain PLC Argo 2023 Annual Financial Report |
| 18/4/2024 | 07:00 | UK RNS | Argo Blockchain PLC Notice of FY 2023 Results |
| 05/4/2024 | 10:54 | ALNC | Argo Blockchain ups Bitcoin mining production in March amid relocation |
| 05/4/2024 | 07:00 | UK RNS | Argo Blockchain PLC March Ops Update |
| 28/3/2024 | 07:00 | UK RNS | Argo Blockchain PLC Closing on Sale of Mirabel / TVR |
| 05/3/2024 | 17:09 | ALNC | EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract |
| 05/3/2024 | 07:00 | UK RNS | Argo Blockchain PLC Sale of Mirabel Quebec Data Center & Feb Op Update |
Argo Blockchain (ARB) Share Charts1 Year Argo Blockchain Chart |
|
1 Month Argo Blockchain Chart |
Intraday Argo Blockchain Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/5/2024 | 20:20 | Argo Blockchain PLC | 34,204 |
| 12/3/2024 | 10:11 | The Argo Blockchain TA & OT thread | 10,968 |
| 10/3/2023 | 14:32 | ARGO Blockchain PLC | 931 |
| 03/8/2022 | 13:44 | Argo Blockchain - multibagger | 52 |
| 24/5/2022 | 17:57 | Carnival of sleepy market makers | 136 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-05-03 15:29:39 | 11.26 | 10,000 | 1,125.50 | O |
| 2024-05-03 15:27:39 | 11.26 | 9,225 | 1,038.27 | O |
| 2024-05-03 15:24:28 | 11.26 | 456 | 51.32 | O |
| 2024-05-03 15:24:02 | 11.26 | 18,311 | 2,060.90 | O |
| 2024-05-03 15:22:27 | 11.27 | 10,000 | 1,126.70 | O |
| Top Posts |
|---|
Posted at 03/5/2024 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 £60,224,081. Argo Blockchain has a price to earnings ratio (PE ratio) of -0.31. This morning ARB shares opened at 10.75p |
Posted at 01/5/2024 10:49 by 1knocker porky, there are posters (including me) who have many times explained in detail why ARB is a high risk low reward play. You do not need to hear it from Ken Chung to understand the negative case on ARB.As I say, the bear case is well documented here. What I don't find posted, here or anywhere else, is a convincing bull case. All the miners are an indirect bet on BTC, with trading and operational risk which is avoided by buying BTC. ARB is pure trading and operational risk, because it holds no significant quantity of BTC. The risk is high because ARB has a weak balance sheet, is loss making and is running out of runway. The reward is low, because even if BTC goes vertical, ARB has few BTC to appreciate in value. Thus, even if you want exposure to BTC through the mining sector, how is ARB the best way to do so? As I see it, the only (small) advantage it has (for us) over the other miners is that it is sterling investment, saving FX costs on buying and selling.. What is the bull response t that ? |
Posted at 01/5/2024 05:41 by porky9 I do wish the poster @Ken Chung unless its a computer bot, would articulate their rationale behind their negative stance rather than just posting the same "bitcoin halved" event and "Lemmings and mushrooms" comment. Clear they are shorting.The comments by @Broomrig i tend to agree with in so much that ARB faces massive energy costs to mine bitcoin and it looks more and more to me that there is an actual floor in the crypto currency structure policy with these halving events written in. It is killing the very mining industry off that Crypto needs to survive. To think that ARB will face yet another half reward event in another four years doesn't bode well for it at all frankly. They need to reduce production costs now and will be under constant pressure to keep reducing mining costs again and again until its not even possible to do so. The rules must change as i see it. As a side, I positively hate the fact that Bitcoin is effectively controlled by a handful of whales and do wonder if the event was written in to boost the pots of these whales, in principle if there is less of something the price should go up however what they didn't bank on was miners having to dump reserves to stay in business hence increasing supply whilst the price of bitcoin so ridiculously high now it may just have peaked hence whales selling chunks adding further downward pressure - jury is out on the future of Bitcoin itself but as for miners, it does kind of look like the landscape is bloody challenging for them that's for sure. Think ARB could do with a black swan event, such as rules being changes for the future or a miracle way to reduce energy costs..... |
Posted at 28/4/2024 21:21 by 1knocker I am out of ARB, and have ben saying for some time that it is un-investable. As I read them, the results give chapter and verse for my reasoning.I have yet to see a convincing case for investing in ARB, even if the mining sector is a good bet. On any metric yu look at, it is the runt of the litter. I don't see that the opportunity to buy in sterling, saving FX costs and cutting out potential exchange rate risks ( and potential rewards) begins to make ARB the go to miner, even for sterling investors. For those who favour the minig sector because of their BTC holdings (1) ARB has almost none and (2) if you want exposure to BTC, buy BTC, not a miner. |
Posted at 28/4/2024 14:32 by jaknife Here’s a quick journey through ARB’s finals that were released last week:1. P&L * Revenues are down 14% at $50.6m, the company says ”driven primarily by a significant increase in the global hashrate and associated network difficulty level.” Note that these are for the year ending 31 Dec 2023 and so don’t include the effect of the recent halving from just over a week ago. * Gross profit is $3.8m, noticeably there is little movement in the fair value of crypto assets as ARB no longer hold significant crypto on balance sheet. “Digital assets” at year-end were just $385k, which is significantly lower than the $109.0m that ARB held going into 2022, during which it sold nearly all of its crypto. * ARB highlight the depreciation that makes up the gross profit line ($18.7m), which is a helpful reminder of this non-cash item. * After operating expenses of $19.3m and (non-cash) remuneration paid by shares of $4.0m there’s an operating loss of $19.4m * And then finance charges and other costs bring the P&L to a loss after tax of $35.0m The P&L basically shows a loss-making company further weighed down by the burden of interest. 2. Balance Sheet * The main asset in the balance sheet is property, plant and equipment ($59.7m), cash is down from $20.1m at the start of the year and is now just $7.4m * On the other side loans and bonds total $62.5m of which $14.3m is current (ie due within 12 months of the balance sheet date). Note 25 explains that the “Galaxy loan” is repayable on an amortising schedule. * Net equity has declined from $24.6m to a mere $158k 3. Cash Flow * The business does generate a small amount of cash from its operating activities ($3.8m in 2023) but once you factor in interest at $10.7m and loan repayments of $14.1m it’s cash burn city! And if you half the "Revenue from digital assets" then you can get a glimpse what the cash flow will look like from April 2024 onwards. 4. Conclusion/Forecast ARB wasn’t profitable in 2023 and it will get even worse in 2024 following the recent bit coin halving. If you look at the numbers for 2023 then you could imagine a mildly profitable company *IF* the bonds were converted to equity. However allowing for the bitcoin halving, even if the bonds were converted to equity, then ARB would still make a stonking loss in 2004. And the big thing is that ARB’s bitminers are rapidly becoming inefficient and obsolete but ARB isn’t generating enough cash to replace those bitminers! ARB’s equity is ultimately worthless, the business will never generate adequate cash to provide a return to equity, if it generates any sort of cash then all of that cash is going to go to service the debt. They could look to recapitalise the business by converting the debt to equity, at a price that wipes out current equity, but even then the business isn’t going to generate a profit without a substantial slashing of expenses. Regardless, something needs to happen soon as ARB must be running on fumes! JakNife |
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 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 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. |
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