Argo Blockchain Share Discussion Threads

[suffersnofools] 10/7/2019 07:16

Savvy - the biggest problem for Argo at the moment is many people will be buying BTC instead! It's also not widely known about yet. I only became aware after your heads-up on the IQE thread - so thanks for that. I've advised a few people to take a look as it's a nice play on Crypto for those who don't have the time or inclination to buy into the coins themselves. I'm expecting a big surge in interest in the space when BTC breaks its 20k ATH and the mainstream media increases coverage. I'm also anticipating a huge altcon rally to ensue at around that time as BTC gets cycled into the lagging tokens, particularly tier 1's like LTC, NEO, BCH etc....

[suffersnofools] 10/7/2019 07:06

ANOTHER bullish triangle on the 15 min chart - should breakout within the next 90 mins....,

[dafad] 10/7/2019 06:58

Bitcoin bove 13,000

[savvy investor] 10/7/2019 06:43

This morning I woke up and at breakfast in the hotel smelled the coffee yet again, hundreds more investors including institutions are doing this on ARB numbers at the moment, how many of them will continue to look the gift horse in the mouth? I have only ever experienced such obvious jndervaluation once before and my stupidity of jot following through cost me 100k and stopped me making 2nillion pounds over 18months. I am back to my eggs and coffee, enjoy the day 🙂

[suffersnofools] 10/7/2019 00:29

Huge increases in miners in the market driven by the current profitability levels. Just shows what good business Argo did in securing its ASICshTTps://www.coinwarz.com/difficulty-charts/bitcoin-difficulty-chart

[suffersnofools] 09/7/2019 23:17

hTTps://www.google.co.uk/amp/s/www.rt.com/news/411379-john-mcafee-bitcoin-prediction/amp/

[suffersnofools] 09/7/2019 23:15

hTTps://www.google.co.uk/amp/s/www.newsbtc.com/2019/04/16/mcafee-bitcoin-below-1-million-is-mathematically-impossible-by-2020/amp/

[horneblower] 09/7/2019 22:38

who mcafee?

[suffersnofools] 09/7/2019 22:30

Yet another bullish triangle playing out on the hourly. Apex around 12 hrs away and unusual to get to end so would expect another large move before 10am tomorrow. No real resistance until 13880.If you're watching the parabolic curve chart, and who wouldn't :) The price needs to be around 14k by 11th July to maintain the pattern, and around 37.5k by year end.Maybe mcafee was right after all......

[savvy investor] 09/7/2019 19:32

More and more threads point to a potential major breakout again, amazing as it seems.....all my investment plans here centre on BTC at 10k USD. Not to also forget currency tail winds with £ at year lows and likely Brexit causing perhaps 10% upside to revenue here as we report in pounds with BTC first in USD. 27p will come and go and you might look back and wonder why on earth you didnt...????? I for once wont 🙂.....Bitcoin looks like it could be coiling for a big breakout as institutional interest for blockchain technology shows no signs of slowing down," said Edward Moya, chief market strategist at Oanda Corp. in New York. “The bubble-like gains this time are driven on solid institutional interest and while security is still a big risk, it appears Bitcoin has overcome many of its initial growing pains

[fidra] 09/7/2019 17:55

Looks like the same layout as last week when it was 19p.still total tosh this week .look forward to them again “initiating221;coverage next week .
Still it is a 70% increase on last weeks effort ,!keep going guys .... one day !
Still well short of real value .in my opinion.

[ragnarr] 09/7/2019 17:44

27p is a good starting point :-)

[s25ava] 09/7/2019 16:38

Nice video about the mining facility and how it all workshttps://twitter.com/ArgoMining/status/1146240742353985536?s=19

[maccamcd] 09/7/2019 16:26

PLC (ARB.L)TECHNOLOGY BUY CURRENT PRICE 9½PTARGET PRICE 27PDissemination: 9 July 2019 SUPER-EFFICIENT MINER GAINING FROM BITCOIN RALLY UK-listed Argo Blockchain plc is a fast-growing crypto-mining group, with current mining capacity of up to 14MW in Quebec, supported by multi-year access to cheap electricity that enables the company to mine a Bitcoin equivalent for less than $2,000. With a strong balance sheet and a highly efficient & up-to-date portfolio of crypto-mining equipment, Argo is well positioned to benefit from the continued recovery in cryptocurrency prices. We initiate with a BUY recommendation and a 27P target price. FYEIncomeGrossMarginPre-TaxProfit (Adj.)EPSPEREV/IncomeDec(£M)(£M)(£M)(p)(x)(%)2018A0.80.0(3.1)(1.07)--2019E16.011.76.81.845.21.202020E40.432.324.56.671.40.47Source: Mirabaud Estimates Since going public in August 2018, the company has invested over £13.5 million in the latest, most efficient, crypto-mining equipment - mostly ASIC-based machines that mine either Bitcoin or ZCash – with most of the investments made whilst cryptocurrency prices were well below current levels. As a consequence, the strong rally in cryptocurrency prices during the June quarter means expected cash payback periods have fallen from 9-12 months at time of purchase to 4-5 months today. Argo's most popular machine is the Antminer S17 from Bitmain; to date, Argo has taken delivery of 1,809 S17s for a total purchase cost of c.£2.7 million, and at current pricesthese machines now yield gross income of c.£1.1 million a month. We expect Argo to bring a further 6,000 S17s into production this year, following orders announced in June & July, including its latest announcement, a £10 million order for 5,000 S17s for delivery by November. With an expanded equipment portfolio, we expect Argo to be generating mining income of over £4.0 million per month by December, based on a $12,000 Bitcoin price and 6% per month increases in mining difficulty. Argo's privileged access to the latest Bitmain ASIC mining hardware (both at discounted prices & early delivery) means its mining efficiency is now unparalleled. As an illustration, the company's Petahash/MegaWatt (PH/MW) ratio, which reflects the amount of mining potential per unit of energy, will increase to 21.9x with the new kit, and far exceeds that of listed rivals, HIVE (4.6x) and Hut8 (8.3x) based on reported figures. Due to its multi-year energy contract with GPU.one, which secures extremely favourable long-term electricity prices in its Quebec-based mining facilities (below $0.03/KWh), Argo is also now operating one of the most profitable crypto-mining operations worldwide, with a mining margin of over 80%. Based on current market conditions and the company's current & on-order equipment portfolio, we expect mining income of over £13.0 million in the second half of 2019 (using a price of $12,000 USD per BTC), which translates into a group pre-tax profit (after depreciation) of £6.8 million. We expect the same equipment to yield mining income of over £40.4 million in 2020, implying a group pre-tax profit of over £24.5 million. Thismeans Argo shares now trade on just 1.4 times 2020E earnings.With listed crypto-miners trading at 1.0-1.3times the current expected annualised mining income, Argo shares look undervalued, especially given the group's superior levels ofefficiency & profitability, which in our view warrant a valuation premium relative to the peer group. Assuming a year-end liquidity of £8.8 million (cash & crypto assets), an EV/income multiple of 1.5 times Argo's Dec-2019 mining income run-rate would imply a fair equity value of £72 million, or 27 pence per share, 184% ahead of current levels.We are initiating coverage on Argo with a BUY recommendation. 

[horneblower] 09/7/2019 12:35

Yes, vod could put up more masts so that I can get a signal. Then I'd change to vod and they would get more clients.
Oddly, this is not their plan.

[fidra] 09/7/2019 12:10

I think if you look at buy backs recently it’s a lose .standard life, vodaphone amongst others .i am sure better can be done with the money like increase capacity .

[idiot441] 09/7/2019 12:08

Marty thanks for the charts. Afaik ARB is mining only zcash and Bitcoin now

[idiot441] 09/7/2019 12:06

stoneme - sorry. I had misunderstood your point. And agree a reduction in available shares could be an issue - at some point.
But firstly I don't think a 10% reduction in shares if the share price is up 100% will matter.
Secondly simply by announcing a buyback the price is liable to move and they will likely fail to buy back. So win/win!

[horneblower] 09/7/2019 11:26

Agreed, Marty.

[stoneme] 09/7/2019 11:02

No. Sorry. My point is they want a market for shares. Certainly the brokers want buying and selling. Reduce the free float, by buying shares, reduces liquidity.

[martywidget] 09/7/2019 10:59

horneblower, hope the charts are okay for everyone and stay stable.

[suffersnofools] 09/7/2019 10:55

Added 100k earlier.I'd expect the moves here to be fairly lumpy. Happy to accumulate at this level.

[idiot441] 09/7/2019 09:47

I don't think so. Relatively easy to work with your broker - you are permanently the best bid! And keep mopping up. No need to buy at offer side.
£1m per month would only be £50k per day for ARB.
So easy liquidity and entirely affordable.

[stoneme] 09/7/2019 09:01

That is an excellent point - if so undervalued, why would they not buy back. I guess that is an issue of liquidity?

[fidra] 09/7/2019 08:47

Not sure why people selling out when this looks to be heading a lot higher.

Was thinking if bitcoin rose 25% surely this would rise incrementally higher from this low base .