Argo Blockchain Share Discussion Threads

[suffersnofools] 29/12/2020 16:41

I think we'll see BTC below 20k again briefly before next big move to 50kBUT with US buyers now coming into ARB can't see ARB below 20p again. Still WAY too cheap relative to peers.Bid at 75p plus can't be far away. Just too much risk of that to be out of this now.

[kcowe] 29/12/2020 16:40

should volatility be regulated InTheMix?

[suffersnofools] 29/12/2020 16:38

Too low. New kit coming online. BTC going higher.

[inthemix] 29/12/2020 16:37

High volatility here as Crypto is unregulated so be careful. Although some live for the thrill ":^)

[inthemix] 29/12/2020 16:35

Reading the rns from the 3rd of Dec, reckon ARB is looking at 10-15m annual profit. The value at the moment with the high Bitcoin price looks about right. Had fun just watching today as most of my stocks have been quite stale. Can anyone put me right or agree with my figures please.

[suffersnofools] 29/12/2020 16:34

Ragnar - congrats on the profits! I think it is going much higher but I'm running for free so I can afford to be relaxed about the intervening volatility.

[nico115] 29/12/2020 16:33

Can't see btc falling below 22k

[dubian99] 29/12/2020 16:33

Only time sp's gets taken up ridiculous amounts is to let mates out,
organised pumps, organised crime

[nico115] 29/12/2020 16:30

You were so bullish arb Why the sudden change of heart ? With btc at 26k why the hell do you think we will trade at 8p?Seems crazy to me

[gspanner] 29/12/2020 16:30

OT
SNF

Many thanks, another hedge, I think my hedges have hedges these days.

[king suarez] 29/12/2020 16:29

What is the difference in the case of ARB between EBIDTA and Gross profits?

[topazfrenzy] 29/12/2020 16:28

BTC striating to sink like a stone

tomorrow's opening should be fun for those holding this still

[maqsud] 29/12/2020 16:25

Ebitda is not the GM reported .

[king suarez] 29/12/2020 16:22

EBITDA IS the GROSS margin as reported each month in the operational updates - i.e the cash mining margin before all other deductions like admin, tax, depreciation.

So, once again - why would the EBITDA (gross margin) be 35% for 2021, when it was 57% in November, at a lower bitcoin price, all else being equal?

[suffersnofools] 29/12/2020 16:19

Yes. Looks set for a selloff.

[suffersnofools] 29/12/2020 16:18

Yes - it's tragic. Accept you got it wrong and move on.There are loads of good online trading academies. Educate yourself and then come back when you know what you're doing.

[gspanner] 29/12/2020 16:17

OT

SNF, took the plunge with the Dow Short today... saw the futures just above the top of that rising wedge and sell the stimulus news.

Not over leveraged!

[maqsud] 29/12/2020 16:16

Referring to Ebitda

[ragnarr] 29/12/2020 16:13

For transparency im completely out now - this has been a very profitable ride and too good not to cash in. Gut tells me a pullback is on the cards but i could be completely wrong.

[king suarez] 29/12/2020 16:12

maqsud,

What exactly are you referring to as 'net margin' because you first have referred to the EBITDA figure, which is earnings before interest, depreciation, admin and tax and now are quoting a 'net margin' %, which by definition would be the post tax earnings margin - on which a p/e ratio is based..

Please clarify - I am an accountant by trade, in case it is not obvious :)

[topazfrenzy] 29/12/2020 16:12

Polkadot is now in negative territory

[topazfrenzy] 29/12/2020 16:11

am I suffers? I don't think so actually

[topazfrenzy] 29/12/2020 16:10

the mega 300K profit lol for the month