Argo Blockchain Share Discussion Threads

[scottman72] 17/4/2020 20:40

Looks good agreed.
But, Investors wait on confirmation of events rather than guesstimates.
Most will not invest in a risky share until profits are confirmed after the halving and won’t invest based on past trends that may not happen unless sustained growth as per past events becomes a reality.
Not something that’s happening at the moment in a downward trend and failing store of value in comparison to gold.
You have to keep your feet on the ground. ARB will only take off post halving and once the financial reports confirm sustained profits.

[pakenham] 17/4/2020 20:16

no guarantees - where's yours for your prediction? Every time a halving every time a massive rise in btc, fact - history rhymes in the markets scottman... so looks good.

[scottman72] 17/4/2020 20:09

What’s the guarantee it will happen again?
There isn’t one. Lots of predictions based on S2F etc. But nothings a guarantee.
The general market won’t price a stock based on guesswork, particularly in the current environment.
If a bull run starts again things may be different.

[pakenham] 17/4/2020 19:59

Scottman at last halving btc went up x17 - 1700% within 7 monthsa and trebled in 12 weeks - so halving is likely to see current x10 undervaluation of arb increase - should be 40p now on current numbers, very conservatively - much more post halving - looking for £ a share target.

[scottman72] 17/4/2020 19:25

You need to base share price calculations post halving. That is what the market will factor in. This will be lower than either 2019 or 2020 figures.

For instance, if current running costs remain at ~3.5k per BTC levels then post halving this immediately becomes ~7k per bitcoin. This, if BTC remain at 7k level all profits rely on other machines switching off. A big unknown for most. So future profits could be 0.

In reality though, somewhere between 20% and 40% are likely to switch off. So future profits need to be based on this.

[1new guy] 17/4/2020 18:27

Still no sense as to why ARB are so low. As for Hut8 maybe they're under pressure to sell. Even so a buyer would inherit huge debt.

[pakenham] 17/4/2020 17:51

Worst case based on q1 results for 2020. £25m revenues, gross profit = £11m - net profit £9m, pe of 10 = share price now should be 40p.

The above assumes very modest pe, no uplift in btc price and no uplift in mining planned for end of this month. PE of 20 and btc price of 14k and uplift = share price should be £1.80.

Hard to value but surely not 3.8p.

[orm5] 17/4/2020 17:40

Wonder why HUT 8 is nearly 50% up, can't see any news

[sunnysideup1] 17/4/2020 17:05

Plat - you are spreading false rumours. Filing is not late. Do not confuse date of results announcement to the stock exchange. As a listed company it normally has until end of April to announce (for year ending 31 Dec).

Due to corononavirus the authorities are allowing 2 month grace period to companies to complete audits and announce by end June. Many companies have therefore taken that opportunity to postpone and have announced that they are doing so.

Argo have not said whether they are going to delay and until or unless they do we have to assume they will announce by 30 April as normal.

The filing date to Companies House ( which covers all limited companies , private and public) is a different deadline and I think listed companies have until end of June to do that ( 6 months after the end of the year).

[plat hunter] 17/4/2020 16:36

There's never been any financial reporting here and they are in fact considered late by companies house.Filing on time isn't hard.

[blackrolie00] 17/4/2020 15:35

HUT 8 WAS UP OVER 50% ON OPENING

[pakenham] 17/4/2020 14:26

nearly £3m profits 1st quarter alone, mcap £11m - is the market on drugs or somethiing? With no debt this should be over 50p now and if halving has its usual effect the share price should be in the £s. GLA

[aidenabettin] 17/4/2020 10:05

hTTps://invezz.com/news/2020/04/16/london-gets-max/?amp

[parsons4] 17/4/2020 08:23

Just read a piece by Charlie Morris of "Capital & Conflict" he mentioned a site "ByteTree.com" who seem to know all about valuing BTC. Has anybody heard of them ?

[blackrolie00] 17/4/2020 07:44

Wow no news this morning

[topazfrenzy] 17/4/2020 06:57

We need a dividend, however small, in these uncertain times for the world, this would attract a whole new bunch of investors

[scotty666] 16/4/2020 14:03

Didn't it move ahead of halving though. Still in but would like to see some more detail on strategy around cashflow.

[brasso3] 16/4/2020 09:20

I think on previous halving it took 3 - 6 months before BTC made a big move.

[parsons4] 16/4/2020 09:18

Just topped up yet again I cannot believe the cheapness here for the following reasons 1) the company should be profitable at much lower BTC prices. 2)the halving has got to be a positive and 3) The world is on a money-printing spree which has boosted the other alternative ie GOLD. and lastly BTC has survived everything thrown against it by markets and most of all Governments GLA

[plat hunter] 16/4/2020 08:03

I didn't read all the paid for gossip articles either, still a little bit richer than those who did I imagine

[supercity] 16/4/2020 06:38

26 days till halving - bitcoin has some way to go if all the 20k, 50k and 100k predictions that many were adamant would happen and constantly informing us uneducated posters at Xmas time about is going to happen

[blackrolie00] 15/4/2020 20:10

This will probably be bought out before May

[hootza616] 15/4/2020 20:05

Let's see how the media plays the lead up to halving. BTC seems cheap to me considering the increased rarity to come, but it does rely on the holders to keep the faith and keep the supply down.

[mnomis] 15/4/2020 12:42

Definitely looks ripe for a move ... pretty volatile for a "store of value" ...

[scottman72] 14/4/2020 22:27

Or downwards lol