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ARB Argo Blockchain Plc

9.45
0.20 (2.16%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 2.16% 9.45 9.00 9.90 9.45 9.45 9.45 594,299 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3628 -0.26 50.59M
Argo Blockchain Plc is listed in the Business Services sector of the London Stock Exchange with ticker ARB. The last closing price for Argo Blockchain was 9.25p. Over the last year, Argo Blockchain shares have traded in a share price range of 6.25p to 35.50p.

Argo Blockchain currently has 535,325,166 shares in issue. The market capitalisation of Argo Blockchain is £50.59 million. Argo Blockchain has a price to earnings ratio (PE ratio) of -0.26.

Argo Blockchain Share Discussion Threads

Showing 67601 to 67620 of 67975 messages
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DateSubjectAuthorDiscuss
14/3/2024
15:05
Someone wants arb dead There is no way it is sensible to buyLast time they spiked it to 35p because of a placing Always a placing which makes the stock rise now caput
beatme1
14/3/2024
15:03
Despite the much improved management team, I do not see a future for ARB.

It is a small operation, with no USP or operational advantage, no significant holding of BTC, and a weak balance sheet.

It needs to raise capital to expand its operations, and at its current market cap even a highly dilutive capital raise spent on new mining capacity would still leave it very much at the small end of the sector.

It has little in reserve to ride out any period of unprofitable mining following the imminent halving, and is thus at the mercy of the BTC price. With the world, his wife, and their dog all unanimous that BTC will keep on rising, I can't help wondering if we are due a sharp pullback in the BTC price some time during the next few months.

Sorry to be so negative, but it is a view I have held for some time.I sold the last of my ARB a while back, before BTC got motoring, and above the current price. Even if you see value in the sector, I can't see a case for selecting ARB in preference to one of the stronger US miners. Buying US shares is not difficult, and as none pay dividends there is no jurisdictional tax complexity to contend with.

Personally, I don't much like the crypto mining sector. It seems to me that the crypto currencies themselves and the crypto brokers are the way to play this bull run.

1knocker
14/3/2024
15:03
The decline is due to a process called the 'halving' due next month. Bitcoins available to mine are halved every four years. There is only something like 200,000 left. This means there is less bitcoins to mine. Only the majors will be left in this game after April. ARB will be no more.
pwhite73
14/3/2024
13:25
Dog shares always go down i warned you all last week this and that other Dog QBT.
aimscam1
14/3/2024
13:01
Death spiral here imo, the uneconomic miners will get shorted come halving.
cromw3ll
14/3/2024
12:49
Not even in the teens anymore :(
r9505571
14/3/2024
10:53
different world (ARB) 27 Dec 2020 - 20:03:43
I bought 32,000 ARB last week.

chinese investor
14/3/2024
10:23
If, they continue to mine at the same rate/level as January and sell those coins, income will rise by about 4m and the value of the coins held will rise by about 500k. Going forward, if the value of bitcoin continues to rise, this might just be a game changer.
colnabean
14/3/2024
06:36
New Bitcoin all time high! $73,561 USD. #bitcoin  #btc 
r9505571
13/3/2024
18:06
Recently made £50,000 profit off Coinbase shares.What would be a good argument to put it in ARB? Tell me the best fundamentals the company has. I like to get a real investor sentiment feel along side actual research
drob1
13/3/2024
12:32
Absolutely, lawson. Hats off to them, the few real ones I mean.

I don't doubt there will be a string of posts claiming to have bought at rock bottom and got out at the very pinnacle of the spike! Hugely lucrative spread bets too ...

1knocker
13/3/2024
11:36
But well done to those who banked 50/60% gains, you can't knocker it ;-)
lawson27
13/3/2024
11:12
I hope no one here was suckered into QBT by the ramping on Sharetalk's QBT Exploitation board over the past two days.

It spiked up sharply on expectation of an RNS (which was ramped as certain to say that its tech was up and running, and would lead to an immediate quadrupling of the SP, with at least 25 times that to come). Sight of the RNS this morning dropped the share price back to where it was at the end of last week, very likely with further falls to come.

'Sentiment' on the exploitation board has done smart U turn today. Some very unhappy campers there now.

1knocker
13/3/2024
10:30
stockhunters - ARB is a miner of bitcoin. Like every other AIM miner the rising price of what you mine has no effect on your operations unless the sale of the product covers your expenses and services your debt.

If you're a gold miner the price of gold could rise 1000% but if the price of gold is not covering your operational costs and servicing your debt the company will eventually go bust.

That is where ARB is. They have debt and their mining operations have been adversely impacted as per the RNS 05/03/24. That's why the all time high price of bitcoin has no effect on the share price of ARB.

The next reappraisal will happen when they report operations for March 24 which won't be until early April 24.

Furthermore I suspect they are also forward selling the next discount placing.

pwhite73
13/3/2024
10:05
zydecoco is the know it all here, I'm sure he will enlighten you shortly.
As for me, I'm here just for the trade off 14

lawson27
13/3/2024
09:44
anyone got any idea why this is not up
stockhunters
13/3/2024
09:12
Accounting for the halving obviously
bakedbean
13/3/2024
09:11
As with all the other miners but the tipping point has to come soon surely ..these still make a lot of money when bitcoin at least 80k let alone the predicted 100 plus ..
bakedbean
13/3/2024
09:04
Someone wants arb dead
beatme1
13/3/2024
08:15
New Bitcoin all time high! $73,256 USD. #bitcoin  #btc 
r9505571
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