Argo Blockchain Share Discussion Threads

[joshuarthur] 28/7/2020 17:03

Nice! Wha everyone's long term PT here?

[brasso3] 28/7/2020 16:55

I guess we have to factor in the halving though in May 2020.

[hootza616] 28/7/2020 16:51

Last time BTC was at 12k ARB was 12p. Would be nice to see that by the end of the week.

[brasso3] 28/7/2020 16:42

6p has been support and resistance in the last year so it will need BTC to make a move on $12k now.

[bad gateway] 28/7/2020 16:38

Does seem quite resistant to buying pressure. Great to see the move continue though, told you I wasn't zak. lol

[46maxon] 28/7/2020 16:30

Surprised this did not close higher. ?

[amazoner] 28/7/2020 16:24

good news from espn and e-sports lover. yippee yippee

ESPN Global to launch The Future of E-sports – The Perfect Pairing Of Online Gaming and Blockchain. The platform is under pre-launch phase and later will allow players to make deposits and withdrawals using bitcoin and other variety of crypto-currencies.

hxxps://pressat.co.uk/releases/espn-global-to-launch-the-future-of-e-sports-the-perfect-pairing-of-online-gaming-and-blockchain-9165b38bc9a25b4b74d0ef2e73356f4d/

[tomboyb] 28/7/2020 16:08

I hold a few ARB now to compliment my resource miners -

Lots of turbulence ahead which is why i will be buying crypto -

Now where is my brother when u need him -

[brasso3] 28/7/2020 16:08

The S2F model has a price target of ~$100k in 2021 but with potential over performance of around $280k. I am not greedy so $100k will do.

[338] 28/7/2020 16:06

King Suarez,
Your calculation on price target is better 👍

Let's hope BTC flies to $25k or $35k... and ARB will use the extra profit to expand the business... and dividend payments...

[king suarez] 28/7/2020 16:00

Haha Brasso, thanks. I am underwater with a small position in ARB still, but the tide appears to be rising.. or falling should that be..

[brasso3] 28/7/2020 15:58

KS

I look forward to you doing your magic with the numbers here over the coming months (hopefully years).

[king suarez] 28/7/2020 15:56

338,

I think your gap between the cash margin and profit after tax is too wide?

If the cash margin were $34m, then you deduct c$5m for depreciation and c$2m for admin = $27m profit before tax. Weighted average corp tax rate (UK/Canada) per note 12 annual results was 24% so deduct another $6.5m for profit after tax = $21.5m or £17m.

ARB also have un-utilised tax losses of c£9m carried forward to offset first.

Around 30p might be fair at that point - p/e approx 5 (low to reflect short-life of machinery, but with a little growth built in to mining rate/BTC price)?

[tomboyb] 28/7/2020 15:49

Bitcoin up 2% -

My brother was urging me to buy Ethereum at around $6-8 dollars -

Didn't buy because it did not understand it at the time -

almost hit $1000 i think -

[brasso3] 28/7/2020 15:47

338

Possibly but I prefer to remain conservative. We have to assume that as BTC hits new highs there will be lots of new miners coming online and existing miners expanding capacity. ARB have a head start on the pack and can obviously use income to expand and upgrade equipment too.

[338] 28/7/2020 15:44

Brasso3,
referring to price of bitcoin $20,000 and the cost of mining $5,700


ARB can generate a potential margin of $14,300 X 200 coins per month = $2,860,000 per month or £34 mln per year.

With that amount of margin, I think ARB can generate $13 mln or £10 mln of net profit annually


So, I think your 15p price target is too low...

[brasso3] 28/7/2020 15:17

Another big benefit of owning ARB shares as opposed to Crypto through an exchange is that you can hold it in an ISA and avoid any CGT. The leverage you get with a crypto miner is unknown but I expect on percentage terms we could be looking at 50% - 100% over the BTC price. I am targeting 15p here with BTC at $20k.

[tomboyb] 28/7/2020 15:14

Bitcoin broken 11k again -

[tomboyb] 28/7/2020 15:14

Well i hold ARB today -

Have been thinking over the last few weeks -

Have good exposure to precious metals from lows -

Looking to add crypto exposure -

[amazoner] 28/7/2020 15:13

yippee yippee my argoee

[brasso3] 28/7/2020 15:06

The big macro players will still be waiting for the breakout confirmation above $10,400 on the weekly chart IMO.

[tomboyb] 28/7/2020 15:04

Well -

Biggest money printing exercise in history -

There will be turbulence ahead -

Bitcoin hitting $11k volumes are increasing -

[brasso3] 28/7/2020 14:58

There will be a point in the next year or so where you will not be able to pick out $11k on a log chart.

[tomboyb] 28/7/2020 14:46

I would happily join those with more knowledge in any crypto group -

[tomboyb] 28/7/2020 14:45

If there was a crypto group here i would join it -

Looking at it it seems to me anything against the status quo i.e Fiat currency will be in demand -

i.e precious metals and alternative currency -

Should have a much better understanding in the weeks ahead -