Argo Blockchain Share Discussion Threads

[yump] 12/1/2020 14:41

I cant believe this debate.

Over or underpricing isnt just about the pe it takes into account the eps growth rate and how far you look ahead so its subjective.

The pe is objective.

The accepted ‘fair’ rating is where the pe matches the growth rate.

Thats why so many investors look for what they think are bargains where the eps growth rate is anticipated to exceed the pe (eg looking a year ahead.

So a pe here of 5 with it growing eps at 10% might be considered cheap, or a pe of 40 when growing at 60%, such as ASOS had in the early days

[ragnarr] 12/1/2020 14:35

just to lighten the mood - where are all the ok things made.......... in the satisfactory :-)

[scottman72] 12/1/2020 14:25

PE is the ratio of share price to EPS.
Or how much over priced the market trades a company.
Not sure what the 32% net margin has to do with it?

[john henry] 12/1/2020 13:22

Read my post 32% Net Margin.

Scott the PE is the multiple that the market gives the company or the sector

[scottman72] 12/1/2020 12:50

John, I must admit from the way you are writing you appear to be confused between revenue and PE. The two are not the same.
Nobodies doubting that Argo should generate a lot of profit from here on. But that’s not a high PE.

[scottman72] 12/1/2020 12:31

Eh?????
Grow up.
You’re the one making false hyping claims that you can’t back up.
Because they’re not true.
We are all invested here because of the potential return on share price That doesn’t mean we have to put up with people making stupid claims about things they obviously don’t understand about.

[john henry] 12/1/2020 12:24

look at the Q3 numbers and the growth is evident,And with 17,000 machines online Q1 i know why im invested,
May i suggest you PO as your obviously not invested and here only to deramp with school boy errors.

[scottman72] 12/1/2020 11:59

By the way in case you didn’t realise it. A PE of 20 at the moment means EPS is just 0.34 pence.
So a profit of only ~1m per year.
Fuk, why we invested here?

[scottman72] 12/1/2020 11:16

So you’re talking half year report rather than full year. Yes half year reported EPS of 0.3.
Which even based on today’s share price is a PE of . . . . . ~4.5.
Which is an old profit. So profit should be reported higher than this which means current EPS is significantly higher an as a result PE is significantly lower than this.
So how do you get to a PE of 20?

[john henry] 12/1/2020 10:44

Scottman can you explain a negative PE please.

And how do you get a negative PE if a company is making a profit

Financial highlights

-- Revenue increased by 283% to GBP2.93 million (Full year to 31 December 2018: GBP0.76m)
-- Operating profit of GBP0.94m (FY 2018: GBP4.14m loss)
-- Achieved maiden profit of GBP0.94m (FY 2018: GBP4.12m loss)
-- Earnings per share of 0.32p (FY 2018: 2.2p loss per share)

[horneblower] 12/1/2020 10:42

Earnings here depend mainly on two things, mining income and actual depreciation of assets. We know neither of these figures so there's not much point in arguing about p/e...yet.

[scottman72] 12/1/2020 10:39

We can all predict whatever we want. Doesn’t make a difference it’s all fantasy. ARG are aiming for a positive quarterly PE towards the end of last year which it looks like they’ll achieve. But the annual PE will still likely be negative.
Future PE is still only likely to be a mex of 5

[john henry] 12/1/2020 10:26

Try doing some calculations and looking at a forward PE.

Market discounts and looks forward.

Your tending not to do that ( lack vision), try it and get in before the herd.

[scottman72] 12/1/2020 10:03

Go to school.
Current PE is negative. Not even positive yet.
Learn what PE is.
Then come back and discuss.

[john henry] 12/1/2020 09:49

So Scottsman you value ARGO at half the PE of a UK Utility when its growing 2-3 times as fast.

Seriously.

[john henry] 12/1/2020 09:47

Growth prospects whats yours ?

i see that you cant explain so you retort to name calling.

School boy

[scottman72] 12/1/2020 09:43

Eh?
Seriously????
Go back to school and learn what generates large PEs.
Fool

[john henry] 12/1/2020 09:38

Scottsman a growth expanding company valued on a PE a half that of a UK Utility.

Please try and talk a little common sense.

The market is valuing Argo Blockchain on an approx PE of 10 why would the market half that PE when they have since expanded by 300%

Market will give them a higher growth rate not a lower one.

Based on fundamentals Scottsman explain why you think the market will lower ARGO rating.

[scottman72] 12/1/2020 09:33

It’ll never reach PE of 20. At least in the short term. Seen as too volatile and too risky.
PE max of 5 for the next couple of years at least.

[john henry] 12/1/2020 09:30

17,000 machines, average BTC of $10,000, Net margin 32%

Approx Quarterly revenue of £10,800,000 Annual Revenue £43,200,000

Net Annual Profit £13,824,000

PE 20 MKT CAP £276,000,000

Absolute Cash cow.

Aimho

[idiot441] 12/1/2020 06:51

Purplep... I am unaware of any impending changes for xbt and indeed afaik they have done well. I traded both trackers last year in my sipp. But I think some sipp providers will not allow trading.
I think there are other products via Grayscale and others... and they all have different rules on who can invest, accreditation etc

[purplepelmets] 12/1/2020 01:47

^441 did I not read somewhere that the BTC and ETH tracker funds are to be wound up sometime this year? Some BS like they are too risky for private investors who apparently do not understand the inherent volatility? I am referring to the Swedish listed trackers

[scottman72] 11/1/2020 21:30

Have you spotted the continuation triangle?

[john henry] 11/1/2020 21:25

Not impossible but the probability would lie on the side of higher prices, 9500

[scottman72] 11/1/2020 21:21

John, are you saying that means it’s impossible to return to this region?