Argo Blockchain Dividends - ARB

Argo Blockchain Dividends - ARB

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Argo Blockchain Plc ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.20 3.77% 5.50 5.50 5.30 5.30 5.30 16:28:06
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Industry Sector

Argo Blockchain ARB Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

scrutable: This share, though extremely undervalued, is just not typical of small growth companies, and there are no comparables. No Pi that I know, nor broker, understands Block chain, BTC, or "mining" (nor do I)and are fearful of holding it. Only regular RNSs can keep the sense of greed or wonder needed to sustain the share price. At the same time the febrile atmosphere of Brexit has restrained the share values of almost all small cap growth shares. ARB is not alone. Good news has been causing very short lived spikes throughout the Autumn. Even the market seems not to have noticed the extraordinary RNS of August 28th, which told of 1000 Bitmain Z11 Antminers achieving 100% pay back from installation in early May ie were adding to gross margin at approx 350%/pa. Since then the value of BTC has slithered badly but the reduced production margin is amply covered by the rapidly growing bank of machines. In the circumstance PIs need the spate of Rns trading updates to continue at the admirable past frequency
parsons4: Roddyb a very good discussion site with both sides of the argument well put !! For me the only worry is the constant weakness of the share-price. Ragnarr has it right IMHO, if you look at the current price, the huge increase in the number of machines to be put in, then the halfing won't affect the income to the downside. If the BTC price rises then profits could soar. Either way the value of ARB doesn't make sense. I added yet again yesterday.
homebrewruss: bandflex, have you used what ARB are paying in electricity costs per kw/h in your calcs as this affects whether or not the T17's make sense or not. In August they said they are now paying $0.03 kWh hTTps:// At lower electricity costs the gap between profit generated per machine/per month is not so great between the T17 and S17 assuming T17 is 40 TH/s (and 2200W) and S17 is 53 TH/s (and 2385w) hTTps://;CostPerkWh=0.03&;MiningPoolFee=1
hootza616: Any predictions on ARB price if BTC stays above $9k through Monday?
lithological heterogeneities: Some key points from today's broker note: Share price forecast = 73.71p (BTC is $8,177 today. Imagine if German bank $90,000 BTC after May 2020 comes true) Possible dividends Possible share buy back The company us effectively banking its profits rather than holding on and being exposed to falls in the Bitcoin price. The current valuation does not reflect this key element of the company�s strategy in our opinion, namely that the shares should not fall commensurate with the bitcoin price if there is further weakness given the cash backing but yet on the upside, given the company�s de facto industry leading efficiency mining basis, there is a positive double whammy. Returning to the bitcoin to cash conversion and the comments by CEO Mike Edwards as per HERE in our recent interview with him we note the point about the distributable reserves moving to a positive position in the very near term. We expect that following this either a dividend or share buy back policy will be brought into play which will be taken extremely positively by the market. Further blue-sky upside potential comes should Argo�s valuation rise in line with its efficiency ratio against peers, with our calculation of 73.71p being some ten times the current price.
lithological heterogeneities: $90,000 AFTER MAY 2019 08.10.19.....ARB 06,000 mining machines (BTC $8,177) 31.12.19.....ARB 12,000 mining machines 31.05.20.....BTC $90,000 Any share price predictions should this happen :0)
stoneme: Been trying to rebuy at 7.5p, being 20% benefit from my earlier selling. If these goes below 6p without news, I would be astonished. .My earlier strategy was buying below 7p. Always intended trading anything above 10p. Got greedy, held too long. For me there remains 2 scenarios for ARB. Their mining continues to increase in line with the new machines, or they are generating a lower return due to mining difficulty increasing. If it's the latter, and dependant upon both the scale of the challenge and the BTC price, this could be a share to walk away from. If it's the former, we are heading way beyond double figured share price and not looking back. Who knows the sure? Potential range for share price could be 5p or 50p in short time. Some may ask, why 50p?Assuming BTC recovers, stabilises back at $10k, which is what most analysts believe mid term (less than 3 months), and ARB are mining 3 / 4 times the BTC from their June / July updates, that's 500+ BTCs, or £3m + per month Profit.
idiot441: Guys. I dont understand the enthusiasm to rush for turning btc into cash? They are already doing that to pay for new machines. But if they can also build up a treasury full of coins then that is very positive too. They will be pragmatic and convert to pay for machines and costs.... and hold part as cash. But surely we expect btc to trend higher so coins are a great appreciating asset to hold. As for dividends... share buy backs etc. Much previously written by new and others here and lse: Co is only one year old Massive expansion Perhaps a small dividend next year - partly to help inst investors buy. If share price fails to recognise value then a buyback could happen in 2020. But for now use the cash on expansion and expect sh price to follow. With so few shs a buyback would reduce float and discourage some investors.
idiot441: Hive mkt cap around £50m now - share price having almost halved since swap announced. ARB mkt cap around £30m now. So 15% ARB in no way = 5% Hive. ARB all new machines and on the up. Hive full of old kit and bad news.
dafad: WOW!! Argo Blockchain Share Price ChartArgo Blockchain Share ChatArgo Blockchain NewsArgo Blockchain Share Price HistoryArgo Blockchain FinancialsArgo Blockchain DividendsArgo Blockchain TradesArgo Blockchain Level 2Add Argo Blockchain to WatchlistAdd Argo Blockchain to your PortfolioArgo Blockchain Share Price Alert   Argo Blockchain Plc (LSE)Arb Corporation Limited(ASX)Arbitron Inc.(NYSE)(TSXV) Argo Blockchain Share News (ARB)   Follow ARB Share NameShare SymbolMarketTypeShare ISINShare DescriptionArgo Blockchain PlcLSE:ARBLondonOrdinary ShareGB00BZ15CS02ORD 0.1P  Price Change% ChangeShare PriceBid PriceOffer PriceHigh PriceLow PriceOpen PriceShares TradedLast Trade +0.00p+0.00%7.95p7.70p8.20p---001:00:00 Industry SectorTurnover (m)Profit (m)EPS - BasicPE RatioMarket Cap (m)Software & Computer Services0.8-4.1-2.2-23 Print Alert Argo Blockchain PLC Agreement Signed To Expand Capacity20/08/2019 7:00amUK Regulatory (RNS & others) Argo Blockchain (LSE:ARB) Intraday Stock Chart Today : Tuesday 20 August 2019 TIDMARB RNS Number : 5560J Argo Blockchain PLC 20 August 2019 PRESS RELEASE 20 August 2019 Argo Blockchain PLC ('Argo' or 'the Company') New Agreement Signed to Expand Power Capacity by 357% Argo will also have an option to boost mining capacity by up to 1360 petahash (PH), or 1.36 exahash (EH), positioning it to be the world's largest publicly listed crypto miner by 2020 Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce it has entered into a new agreement that will increase its electricity supply by 357 per cent. Under the terms of the agreement with, a leading Canadian data centre provider, the Company's access to clean power supplies increases from 14 megawatts to 64 megawatts, on similar terms to its existing agreement, at its two data centres in Quebec and its new data centres in Eastern Canada. The agreement covers a three-year period from June 25(th) , 2019, with an option to extend thereafter for an additional two years. The addition of 50 megawatts of power will allow the Company to run up to 15,000 more mining machines concurrently, taking its total Bitcoin (BTC) mining capacity from 505 petahash (PH), as announced on July 4th, to 1.36 exahash (EH), which would currently make Argo the largest publicly listed crypto miner in the world. The new agreement will be entirely funded out of crypto mining proceeds from Argo's existing facilities in Quebec. Mike Edwards, Executive Chairman of Argo, said: "We are taking another major leap in expanding our mining capacity as the cryptomining industry goes from strength to strength. By 2020, our aim is for Argo to be both the most efficient and the largest publicly listed crypto miner in the world. Our combination of green energy at competitive rates, a world class team and the most efficient hardware positions Argo for the long-term."
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