Argo Blockchain Share Discussion Threads

[liveit2] 08/8/2019 12:39

BTC - much higher to go - an cannot be killed

[liveit2] 08/8/2019 12:22

BTC toying with 12k - can't be long now

[suffersnofools] 08/8/2019 11:46

Great note! "...... Taking the average enterprise value of the three companies of £88 million and multiplying by 2.73 suggests an enterprise value for Argo of £239.9 million. Less expected net cash and cryptocurrency for the end of 2020 results in an implied equity value of £216.54 million, or 73.71p per share. This illustrates to us the complete mispricing of Argo Blockchain relative to its peers.ConclusionWe set the yield based fair value price of 14.62p per share as our first target for Argo, which implies upside of 107% from the current price of 7.05p. As time goes on and the company delivers on our forecasts we see the 31.33p per share earnings multiple plus liquid assets based valuation as being more appropriate – of course assuming that Bitcoin prices follow our model. Blue-sky upside potential comes should Argo's valuation rise in line with its efficiency ratio, with our calculation of 73.71p being some 10 times high than the current price. Should the market not realise these values in the short-medium term we see the potential for Argo to be an acquisition target for a listed peer, especially given the higher efficiency of its operations."

[topazfrenzy] 08/8/2019 10:57

Guys, don't miss out on some of the best cryptos going cheap, like Monero, Zcash, Dash, privacy features of course (which some are afraid of) but as good as any in the long run, real digital money with real use cases.

[liveit2] 08/8/2019 08:43

richie666 - divi payout? r u sure or just guessing?

[richie666] 08/8/2019 07:41

New note out -

[topazfrenzy] 07/8/2019 17:50

I know! I just don't understand why this is stuck at this valuation still!

[scotty666] 07/8/2019 16:01

Even if BTC does collapse we can still mine and hold the coins until it pops again. Once halving kicks in if the BTC price is low a lot of higher cost miners will go bust and likely those that still are in play will hold onto the coins reducing supply etc. Be interesting to see how things play out !!!

topazfrenzy just needs some patience I expect

[bad gateway] 07/8/2019 14:57

Argo, a UK-based provider of enterprise-scale crypto mining services, is pleased to provide the following trading update for July 2019:

· The Company generated 163 Bitcoins (BTC), or £1.36m of cryptoassets, in July based on a BTC price of US$10,122 as of 31 July 2019. The assets were mined at a mining margin of roughly 80%. Argo considers that this continues to demonstrate the Company's efficiency and cements its belief that it is one of the most efficient crypto miners in the market;

Take it their mining costs are pretty much fixed? only at 12k BTC their margins must be looking fairly good.
Not going to worry about the share price here today, just adding to the SB's as and when i can.
Make it at 12k BTC they're pulling in another $326k/month and thats before their growth strategy is taken into acct.
Can only think investors in the UK are waiting for BTC to collapse?

[topazfrenzy] 07/8/2019 14:24

Buying Bitcoin and some other cryptos seems to pay off way more than here, this is just too slow and erratic, the spread is all over the shop too.

Look at that jump in Bitcoin and Dash (another of my top picks) just now!

[reachforthestars] 07/8/2019 11:15

A company that provides regular updates (once a month) how many other shares give that (not many of the AIM rubbish). There's always the sell on news brigade. They sell into the spike and then hope to buy back cheaper in a few days. Sometimes it works other times it may not. Read several times btc being used as a store of value and as a hedge against global downtrends.

[suffersnofools] 07/8/2019 11:05

Just thin market, illiquid stock and most people still don't have a scooby about what they do!When they pay a special divi of 5p per share the market will notice :)

[theskeptic1] 07/8/2019 10:49

Like a stated a month or so ago, it’s seems there’s some manipulation taking place, because the price never follows the usual protocols. Lacklustre reaction to good news, drastic reaction to negative

[theskeptic1] 07/8/2019 10:47

Like a stated a month or so ago, it’s seems there’s some manipulation taking place, because the price never follows the usual protocols. Lacklustre reaction to good news, drastic reaction to negative

[scotty666] 06/8/2019 23:22

Patience most likely and a few months of BTC above $8k. Either way mining capacity will continue to increase over the coming months.

[1new guy] 06/8/2019 16:26

What will it take to get a fair price for this stock? The RNS is excellent. I am in for a wait but the lack of logic takes some understanding. I believe the market making is electronic thus maybe incapable of more than sells v buys.

[jane deer] 06/8/2019 15:35

Idiot441. Thanks for that feedback.

[adejuk] 06/8/2019 14:34

why the regular selling into good news?

[idiot441] 06/8/2019 14:00

Tim. The full Mirabaud article gives predictions based on a variety of BTC prices as well as increasing difficulty rates. Well worth reading but mot easy to post due to losing formatting

[idiot441] 06/8/2019 13:54

Hi Jane.
I attended AGM and chatted to Mike & Tim etc. Very happy with the direction of co even if disappointed with share price.
Your Qs. quality of the shareholder list: not great imho. But hopefully will evolve alongside new strategy
forecasts depends on new equipment being delivered on schedule by Bitmain (there are frequent reports of chip shortages): typically Argo are seeing priority deliveries- ahead of schedule. uncertainty on my part what the long term strategy is: Again evolving. Best profit currently in mining for co but will probably mine for institutions and large investors in future. If Argo does produce significant cash in 2020 - will divs be paid or will this get reinvested in more machines: likelihood is mix according to curcumstance - so depends on many factors. Will exoand maxhines + share buy back if remains undervalued. Divs on agenda after full year results.

[tim000] 06/8/2019 13:48

Over the past 12 months increases in the difficulty rate have broadly tracked increases in the btc price, although it appears that there is still some catch-up due in the difficulty rate, and I’ve seen forecasts of another 10% increase later this month. However, if Mirabaud assume a stable btc price of $12k in future, then the difficulty index likewise should be broadly stable. Having taken account of all the published data, it appears to me that ARB are on track to generate about 6000-6500 btc next year, and assuming an average price of $12k, eps next year of about 8-8.5p, which is in line with the Mirabaud figures. Once ARB starts to publish decent profits, I would expect the share price to rise closer to fair value. Until then however, the btc price looks as if it will be the main factor.

[topazfrenzy] 06/8/2019 13:39

I am buying Dash btw, always good to have some strong alts.

Dash could go ballistic, few of them around, mineable, digital cash, one of the best.

[reachforthestars] 06/8/2019 13:19

No I don't think so I think we are closely tracking btc price. Bitcoin dropped by $500 around 11:30am today and so did Argo immediately after (up until that point we were going strong as was btc) I think if bitcoin continues with the upward trend we should follow to match it. However should we be at higher level than this tracking btc is the question.

[1new guy] 06/8/2019 11:17

It seems that even if bitcoin hit $50k ARB would languish at below double figures. Still you never know. Personally I'd expect it to be well into double figures and will be patient.

[scotty666] 06/8/2019 11:08

Echo your thoughts on longer term strategy and Div. @Richie666 when you produce an updated research note will you speak to the company? If so could you possibly ask some of the points posed by jane.