ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ARB Argo Blockchain Plc

7.75
-0.75 (-8.82%)
Last Updated: 15:56:42
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
  -0.75 -8.82% 7.75 7.50 8.00 8.625 7.75 8.63 2,417,827 15:56:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3362 -0.23 45.36M
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 8.50p. Over the last year, Argo Blockchain shares have traded in a share price range of 7.40p to 35.50p.

Argo Blockchain currently has 577,770,790 shares in issue. The market capitalisation of Argo Blockchain is £45.36 million. Argo Blockchain has a price to earnings ratio (PE ratio) of -0.23.

Argo Blockchain Share Discussion Threads

Showing 67876 to 67899 of 68000 messages
Chat Pages: 2720  2719  2718  2717  2716  2715  2714  2713  2712  2711  2710  2709  Older
DateSubjectAuthorDiscuss
02/5/2024
09:23
caveater, I do not currently hold.

Yes, most odd isn't it, that those that do not hold post...lol

This has been in the header, but for anyone interested that hasn't seen it:
ARGO BLOCKCHAIN PLC - Year end Results
Apr 25, 2024


Only had 68 views...

martywidget
01/5/2024
23:36
Why are those without any ARB holdings the main contributors on this thread....why don't they FRO from whence they came. Its like they want to dictate where others invest, and must be pleasing to them to boot.
caveater
01/5/2024
21:26
Lemmings and mushrooms only.
ken chung
01/5/2024
18:14
Can longs hurry up and sell. It's getting boring waiting for the collapse
truant2tb1
01/5/2024
16:36
Not looking good here I'm sorry to say. Peter Wall shafted this company and used all its shareholders, laughing at them while he sailed off into the sunset with £7m. Well done those who got out when he did. What an unnecessary waste.
broomrigg
01/5/2024
16:18
Lemmings and mushrooms only.
ken chung
01/5/2024
12:27
The whole premise to BtC following the last financial crisis was to avoid blatant market manipulation by the 'Select Few' Porky but when BtC is now effectively controlled by the whales such as Saylor, its heading in exactly the same direction as Fiat currencies and that certainly wasn't its overall intention to begin with unfortunately!
one_frankel
01/5/2024
11:31
porky9,

The numbers aren't that difficult to work out.

You take last year's revenue:



multiply by 50% and then compare to the other costs.

ARB must be losing money hand over fist.

JakNife

jaknife
01/5/2024
11:00
JPMorgan had CLSK as their top pick last October, and have done reasonably well since then...
martywidget
01/5/2024
10:49
porky, there are posters (including me) who have many times explained in detail why ARB is a high risk low reward play. You do not need to hear it from Ken Chung to understand the negative case on ARB.

As I say, the bear case is well documented here. What I don't find posted, here or anywhere else, is a convincing bull case.

All the miners are an indirect bet on BTC, with trading and operational risk which is avoided by buying BTC. ARB is pure trading and operational risk, because it holds no significant quantity of BTC. The risk is high because ARB has a weak balance sheet, is loss making and is running out of runway. The reward is low, because even if BTC goes vertical, ARB has few BTC to appreciate in value. Thus, even if you want exposure to BTC through the mining sector, how is ARB the best way to do so? As I see it, the only (small) advantage it has (for us) over the other miners is that it is sterling investment, saving FX costs on buying and selling..

What is the bull response t that ?

1knocker
01/5/2024
06:33
Bitcoin only $59,970.

ARB are losing money.

ken chung
01/5/2024
05:41
I do wish the poster @Ken Chung unless its a computer bot, would articulate their rationale behind their negative stance rather than just posting the same "bitcoin halved" event and "Lemmings and mushrooms" comment. Clear they are shorting.

The comments by @Broomrig i tend to agree with in so much that ARB faces massive energy costs to mine bitcoin and it looks more and more to me that there is an actual floor in the crypto currency structure policy with these halving events written in.

It is killing the very mining industry off that Crypto needs to survive. To think that ARB will face yet another half reward event in another four years doesn't bode well for it at all frankly. They need to reduce production costs now and will be under constant pressure to keep reducing mining costs again and again until its not even possible to do so. The rules must change as i see it.

As a side, I positively hate the fact that Bitcoin is effectively controlled by a handful of whales and do wonder if the event was written in to boost the pots of these whales, in principle if there is less of something the price should go up however what they didn't bank on was miners having to dump reserves to stay in business hence increasing supply whilst the price of bitcoin so ridiculously high now it may just have peaked hence whales selling chunks adding further downward pressure - jury is out on the future of Bitcoin itself but as for miners, it does kind of look like the landscape is bloody challenging for them that's for sure.

Think ARB could do with a black swan event, such as rules being changes for the future or a miracle way to reduce energy costs.....

porky9
01/5/2024
04:34
BTCUSD YTD +35.81% 1 YR 113.68% 6M +69.27%

BITQ YTD (-9.18%) 1YR 68.14% 6M +47.00%
BITO YTD +16.99% 1 YR +59.27% 6M +46.09%
BTF YTD +23.09% 1 YR +59.91% 6M +36.41%
DAPP YTD (-10.73%) 1 YR 79.07% 6M +56.14%
WGMI YTD (-19.78%) 1 YR +45.39% 6M +47.53%

ARBK YTD (-58.51%) 1 YR (-1.42%) 6M +1.20%
BITF YTD (-36.97%) 1 YR +61.26% 6M +70.48%
BTBT YTD (-46.59% 1 YR +7.67% 6M (-3.10%)
BTDR YTD (-38.18%) 1YR (-25.31%) 6M +46.79%
CAN YTD (-59.49%) 1 YR (-68.18%) 6M (-54.43%)
CIFR YTD (-9.93%) 1 YR +77.14% 6M +11.71%
CLSK YTD +50.55% 1 YR +378.95% 6M +299.51%
DMGI YTD (-32.09%) 1 YR +51.67% 6M +26.39%
GREE YTD (-60.70%) 1YR (-41.74%) 5M (-47.04%)
GLXY YTD +16.80% 1 YR +142.00% 6M +75.62%
HIVE YTD (-42.14%) 1 YR (-16.72%) 6M (-16.99%)
HUT YTD (-37.62%) 1 YR (-5.30%) 6M (-27.56%)
IREN YTD (-36.18%) 1 YR +18.26% 6M +40.91%
MARA YTD (-29.96%) 1 YR +82.92% 6M +82.29%
RIOT YTD (-34.39%) 1 YR (-3.90%) 6M +3.37%
WULF YTD (-5.65%) 1 YR +29.94% 6M +95.50%

martywidget
30/4/2024
22:52
Are Lemmings avoiding proximity to Mushrooms? Is the world actually not flat?Did people really land on the moon? Is David Icke really the messiah?Etc.
zydecoco
30/4/2024
22:48
Bitcoin now only $60,172.

Lemmings and mushrooms only.

ken chung
30/4/2024
16:55
Sales massively outweigh purchases today. How long can ARB stay above 10 pence?
broomrigg
30/4/2024
11:41
Bitcoin below 62,000 usd, so Argo currently pays more in "direct costs" to mine a coin than a coin is worth. SELL.
broomrigg
30/4/2024
11:39
Surprised this is not at 3p yet
topazfrenzy
30/4/2024
09:04
Hing King ETFs Crypto trading debut value dwarfs US, on its first half a day :* The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today, according to HKEX data.* In comparison, when the 11 spot bitcoin ETFs began trading in the U.S. in January, their daily turnover reached about $4.6 billion on the first trading day.Https://www.theblock.co/post/291606/hong-kongs-spot-bitcoin-ether-etfs-see-over-6-3-million-in-half-day-volume-upon-debut
zydecoco
29/4/2024
23:28
At the current rate ARB is hopelessly loss-making. You can work it out yourself by taking last year's numbers and projecting them forward for 2024.

Revenue last year was $50.4m. The halving took place on 20th April and so, very roughly, you could assume four months at the same rate as 2023 and then 8 months at half that rate, hence:

( 4 / 12 + 0.5 x 8 / 12 ) x $50.4m = $33.6m

= ARB's forecast revenue for 2024

power and hosting costs for 2023 were $28.8m (assuming that the "power credits" were converted to cash)

and operating expenses were $19.3m

you don't need to go any lower in the P&L to see that ARB is now hopelessly loss-making.

JakNife

jaknife
29/4/2024
23:08
Or not.................Ker Ching !!!!
caveater
29/4/2024
22:53
Bitcoin now only $62,880 and the mining reward recently halved from 6 to 3 bitcoins per winning block.Are ARB on a trajectory to go bust at that level?Lemmings and mushrooms only.
ken chung
29/4/2024
20:22
The whole mining sector having a very rough session across the pond. ARB first to go bust?
broomrigg
29/4/2024
14:29
If ARB is taken over or merged with another company it is most likely to be Bitfarms that mines in Quebec BITF. At about 10 times the market cap of ARB it appears a reasonable likelihood.
noirua
Chat Pages: 2720  2719  2718  2717  2716  2715  2714  2713  2712  2711  2710  2709  Older

Your Recent History

Delayed Upgrade Clock