Argo Blockchain Share Discussion Threads

[typo56] 03/11/2020 09:04

I see ARB has issued an 'update' this morning on its proposed capital reduction.

What is the rationale behind the capital reduction? Is it to clear the accumulated deficit, wipe the slate clean and dress the piggy for newcomers?

Was it mentioned in a previous RNS? I can't find it. It's not mentioned in the 2019 Report & Accounts.

They state it was following the resolution passed at the Company's AGM on 25 June 2020. I can't find any mention of this on their investor information site. The latest document I can see there is the 2019 Report & Accounts. Strange not to have the 2020 AGM Notice of Meeting?

[rogerramjett] 02/11/2020 13:47

Shouldn't have to wait for a monthly update. The BTC price should provide a fairly good reflection of how the business is doing. Its what they mine and sell.

How this is only valued at £20m is beyond me. Fortunately I have only been invested for 2 trading days so patience is not an issue for me yet. I do understand what it's like. I have held AFC Energy shares for 10 years.

[hootza616] 02/11/2020 12:46

I thought 6.8 was good, just keeps getting better!

[brasso3] 02/11/2020 12:34

6.57p to buy. Seems like a good opportunity for a trade with production update this week.

[rogerramjett] 02/11/2020 10:59

I am always disappointed 😞

[brasso3] 02/11/2020 10:37

The most controversial US election in history is days away. If you think anything is immune then you will be disappointed.

[rogerramjett] 02/11/2020 10:21

I would have thought a company that is operating 24/7, has margins of 40% plus and is not affected by COVID would be pretty immune.

Can anyone think of such a company?

[brasso3] 02/11/2020 09:44

US markets are struggling. No company is immune to the wider macro situation.

[rogerramjett] 02/11/2020 08:34

Oh my god. The price has actually drifted lower this morning.

Something I do not understand ?

Fundamentally sound business in a sector with a rising underlying 'commodity price'

So why does this not rise at least TO IPO price.

[trentendboy] 01/11/2020 20:59

Be good to get the next update There should be some corporate announcements at some point also.Got to get the data centres all under ownershipBut yes, easier to use ISA money to get BTC exposure through ARB and should move up faster than BTC given fixed costs

[orm5] 01/11/2020 20:54

Expecting about GBP 480k gross profit for October on revenue of about GBP 1.2m

[hootza616] 01/11/2020 09:48

October and November should be record months for ARB. Chinese miners switched off to relocate, hashrate down, difficulty down, transaction volume up, transaction fees up and of course BTC price up.Perfect storm!

[uapatel] 01/11/2020 07:12

Yep, that’s why I bought ARB, holding it in my ISA. Will be putting some into my SIPP soon. Seemed simpler that buying BTC with its volatility plus not needing set up any wallets for security. Think also the lag in share price reaction means, at least as far as I can see, an opportunity for a bit of a catch up performance. (Hopefully!)

[rogerramjett] 01/11/2020 07:01

Hootza. My thoughts also. Reason being is that ARB can smooth out the lumpy volatility in BTC but still benefit from any gain in value of the crypto.

[hootza616] 31/10/2020 20:51

I think corporates are finally getting this message. They will be looking to secure the value of all surplus cash for the foreseeable future.ARB is the only share worth having, and tax free earnings in ISA and SIPP! For this reason I prefer to own this than BTC directly.

[rogerramjett] 31/10/2020 19:54

If Western debt is reduced by devaluing currency then westerners should be using BTC as a hedge against this as should the Asian countries.

[rogerramjett] 31/10/2020 18:22

And ARB which trades in GBP is effectively leveraged against the price of BTC. Any rise in BTC from this level, and providing x number are mined each month as a minimum, the additional value or increase in BTC will go straight to the bottom line of the business by increasing profit margin

[hootza616] 31/10/2020 18:20

None other than western debt levels come down. You could argue it's a conspiracy to reduce the value of the trillions owed to the Arabs!

[dennisbergkamp] 31/10/2020 16:33

So here's a question on printing paper... If EVERY western economy is doing it, then net net - what difference does it make (assuming they all do it to approximately the same level)

D

[parsons4] 31/10/2020 16:20

Also BTC currently knocking on the door of $14000 when the DOW fell yesterday !!

[parsons4] 31/10/2020 16:17

The big difference now is what is happening to currencies, which are all being printed like there is no tomorrow. What do the big investment houses do to protect their capital? Do they (1)Carry on buying stocks and shares and in particular the huge techs at very fancy prices (that seems to be a no no over the last few days or (2) buy government bonds which yield next to nothing and where supply is just out of control !! or (3) Buy commercial property where unfortunately both retail and offices don't look too bright right now. It really leaves 2 asset classes which have very limited supply GOLD and BTC !! The historic price of BTC can't be compared with the future because there are $trillions more now and more big entities are dipping their toe in the BTC space. All a bit muddled but I believe BTC can go so much higher so quickly and ARB will make £millions !!!

[rogerramjett] 31/10/2020 12:06

I think 20p would be reasonable. The TO of the business is greater than £20m based on half year results. The reinvestment of capital to grow the business is exactly the right thing to do to keep in front.

Looks like a prime takeover candidate. Would expect a strong rise here ove the next 6 months. Very excited as its a hedge in the PF

[brasso3] 31/10/2020 11:20

I think there are still a lot of non-believers around with the BTC bull market. We should not forget that there has been several false rallies in the last 3 years so people have been worn down. A lot do not understand the 4 year cycle in which BTC moves relative to the halving. 2021 should be a crazy year and all the stars are aligned. ARB have positioned themselves nicely to capitalize on it.

[hootza616] 31/10/2020 11:13

Not sure if you agree but the big positive BTC swings always seem to happen while the market is closed!