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ARB Argo Blockchain Plc

9.75
-1.50 (-13.33%)
Last Updated: 12:04:42
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
  -1.50 -13.33% 9.75 9.50 10.00 11.00 9.50 11.00 1,530,027 12:04:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3362 -0.30 65M
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 11.25p. 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 £65 million. Argo Blockchain has a price to earnings ratio (PE ratio) of -0.30.

Argo Blockchain Share Discussion Threads

Showing 67951 to 67973 of 68025 messages
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DateSubjectAuthorDiscuss
14/6/2024
09:00
Funny read :)
bakedbean
11/6/2024
09:15
Is 'indeed' a word which stretches your comprehension, Broomstick?

Apologies if my use of the word left you reaching for the dictionary. Or did you have to phone friend? Dictionaries are probably well beyond you. After all, 'dictionary' has 10 letters, and even the six letters of 'indeed' are two more than you can cope with.

1knocker
11/6/2024
05:35
Short this dog.
ken chung
10/6/2024
19:22
Knocker thinks using "indeed" in his posts makes him seem educated.HILARIOUS.
broomrigg
10/6/2024
19:20
I would not buy QBT or ARB ever.

If you like Bitcoin, just buy Bitcoin surely that is not to hard to grasp.

#BWTFDIK

#SSB

sideshowbull
10/6/2024
18:50
You really are desperate for a winner to pay for your losses on QBT, aren't you Jag.

I see QBT is down another 4% today. Best not even to think about how far down it is YTD. Very close now to a quarter century all time low, i guess. Indeed, if you adjust the price for inflation, it is probably already at an all time low.

1knocker
10/6/2024
07:38
Bitcoin price moving back up, soon be $80k, then $100k.
idriveajag
07/6/2024
16:13
Have bought a load of ARB....I sense BTC is coiled for various reasons, ETF inflows accelerating...let's see, DYOR
qs99
07/6/2024
11:33
Bitcoin now over $71k and on its way to $80k, then $100k.

Buy ARB.

idriveajag
07/6/2024
11:30
pedalcar, you would do yourself (and your wallet) a big favour if you spent less time watching the BTC price minute by minute and a little more time examining the fundamentals of the stocks you hold. If you did that, you would certainly not be loaded up on QBT, and probably not ARB either, and might see some blue rather than acres of red on your portfolio spreadsheet.

You are looking at huge personal losses when the markets are close to all time highs.
Anyone in that position should be reviewing his investment decisions to see where he went so wrong, and why.

To help you get started,I'll point you to a couple of aspects of your investment decision making process to ponder upon. It was not very bright blindly to follow those BB warriors Sharetalk and Tell Sid, was it? When an anonymous BB poster (Tell Sid) assures you that he has 'proved' that a stock (QBT) has a current fair value of 100p (a modest 100 times its current price) and produces totally unrealistic and incomplete figures demonstrating only that he has no idea how to value stocks, wasn't it even less bright to rely on that 'valuation' on the strength of Sharetalk's assertion (drawn from the air) that QBT would go to 10000p within months?

If you must rely upon BBs to guide your investment decisions, do at least avoid 'one opinion only' boards where any view differing from the opinion [desperate hope?] of the board moderator is suppressed. Before you buy, read carefully all the negative posts, and buy only if you can convincingly refute the points they make. Don't use boards for 'confirmation', use them to draw to your attention factors (pro or con) of which you were unaware or not considered as significant, and then do some in depth analyse.as to whether the points made are well founded.

PS I see Sharetalk has already downticked this post. That is an encouraging indication that it is on the right lines

1knocker
07/6/2024
10:34
Bitcoin now over $71k and on its way to $80k, then $100k.

Buy ARB.

idriveajag
07/6/2024
10:28
Bitcoin price now above $71k and will go higher.
idriveajag
07/6/2024
09:39
idriveajag,

"Arb's average costs per bitcoin mined pre-April 2024 halving was $31k, which implies $62k post halving. So with bitcoin now above $71k and rising, Arb are in a good position."

Have you looked at the accounts?

In Q1 ARB mined 319 BTC generating $16.8m in revenues. You can find the detail here:



This also shows that the "direct costs" of mining BTC in Q1 were $10.4m. After all the other costs, ARB lost $2.8m in Q1.

Following the halving, ARB will now generate half the revenue that it did before. That was effectively confirmed this week when the May update reported revenue for May of a mere $2.9m.

See:

Very roughly $2.9m x 3 means that ARB's revenue for Q2 will be in the ballpark of $9m.

It doesn't take much to see that, if all other costs remain unchanged, then ARB will make a a negative mining margin in Q2 of about -$1.4m and should report a loss for Q2 of the order of -$10.6m.

So Argo was in a really poor position before the halving and post the halving it's in a disastrously terrible position. I don't actually understand how the director can carry on running the business? If they were to just turn the machines off then they'd make a better profit (ie a smaller loss).

JakNife

jaknife
07/6/2024
09:21
You do not understand costs, pedalcar. You need to take into account capital costs such as depreciation and rig replacement as well as direct production costs.

In any sector there are strong and weak players. Is ARB a strong player? If so, why, if not why gain exposure to the sector through ARB.

That said, i suppose just about any share looks good to someone who has been accumulating QBT irrespective of price in the belief that its shares, current market price sub 1p, actually have a conservative current fair value in excess of 100p.

1knocker
07/6/2024
08:33
Sharetalk I agree.

Arb's average costs per bitcoin mined pre-April 2024 halving was $31k, which implies $62k post halving. So with bitcoin now above $71k and rising, Arb are in a good position.

Arb share price should recover rapidly.

idriveajag
07/6/2024
08:12
hTTps://www.ibtimes.com/robert-kiyosaki-says-bitcoin-can-hit-350k-august-slams-incompetent-leaders-3733765
sharetalk
07/6/2024
08:12
New Bitcoin support level above $71,000 and rising.

ARB should be mining profitably.

sharetalk
06/6/2024
16:48
This is a recovery and leveraged play on Bitcoin.

Bitcoin will begin its main rise any day from now to the end of August.

Do not get caught out watching from the sidelines.

opposablethumbs
06/6/2024
14:59
Bailed out on a big loss to get into corz , feel like it's going places unlike Argo
bakedbean
06/6/2024
00:18
Do make good and sure you have no more staked in ARB than you can afford to lose.

I got out a while back, at a bit over 12. I took a hit, but better half a loaf than no loaf at all. I really cannot see an investment case here.Frankly, even if you are confident that BTC is going up a long way, and the miners are the way to leverage the rise, ARB is not the miner to back. It is small, undercapitalised, has no significant holding of BTC, and is going to run into Capex requirements it cannot afford in order to keep its rigs up to date.

1knocker
05/6/2024
15:46
BITF was mining 450 BTC a month in March and only mining 150 BTC in May ...
elushi
05/6/2024
14:26
There's been a halving.....and ARB numbers are down by MORE than half.
broomrigg
05/6/2024
10:51
drob1,

I'm short and have been for a number of months now. I think that ARB equity is heading to zero and will most probably be zero by the end of this year. But I believe in risk management and so like to try and find what the bulls think.

Do you have an opinion on the company itself? Or can I assume that, given that you want to play the player rather than play the ball, you find yourself in total agreement with everything that I've written in 34,248?

It's difficult to argue with when you actually look at the Q1 numbers and assume that the revenue is half of what it was.

JakNife

jaknife
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