Argo Blockchain Share Discussion Threads

[brasso3] 06/1/2021 18:50

Argo Blockchain PLC
OTCMKTS: ARBKF
1.40 USD +0.51 (57.84%)

[maqsud] 06/1/2021 18:47

Regret selling 80% of holding early this morning when some idiots negativity on pull back and stock being overvalued . Never mind live and learn and at least banked profits.

[suffersnofools] 06/1/2021 18:46

Going to be a lot of sellers remorse here tomorrow.

[qs99] 06/1/2021 18:39

Wow, USA is going crazy for ARB.....tomorrow on that basis, really should see the UK ARB through a quid....who'd have thunk it 6 weeks ago eh?

DYOR and roll on £2 on that basis!!

[killman2] 06/1/2021 18:38

Blue Horseshoe on stocktwits loves Argo Blockchain

hxxps://stocktwits.com/symbol/ARBKF

[ramellous] 06/1/2021 18:36

This is far and away the best run I’ve had. I’m hodlIing on for dear life alright. Making six months wages everyday this week and looks the same tomorrow. Jeez.

[alm6] 06/1/2021 18:33

We've past £1 on OTC

[suffersnofools] 06/1/2021 18:31

Hit 115p in US 150p by U.K. close tomorrow?

[sif12] 06/1/2021 18:26

Bought a few this morning and have been looking at valuations, which is tricky for a new market (crypto miner, limited competitor reference points for PEs) and the fluctuating value of the underlying asset.... so this is just a bit of fun :), to validate some of the big numbers that maybe possible.


Assumptions/ considerations:
1. Gross margin is around 60% so will consider net profit/ margin is around 30% and margins are maintained
2. They maintain roughly 2000 coins a year mined. (Is this possible, if more miners, more difficultly will this number reduce?)

If av annual sale price of BTC is $35k:
$11k Net profit at 2000 coins is $22m or about £17m
PE of 30 (S&P av) gives MCap of £410m or share price of £1.30 ish

I think this is where we should be at a minimum but...


If BTC averages $50k and net profit/ margin of say 35% thats a MCAP of £700m or share price of £2.30 ish

Now you could suggest that rather than a PE of 30, a high growth tech stock PE of 100 is more appropriate which at av annual BTC sale price of $50k gives a MCAP of £2.4Bn or share price of £8.

Bear in mind the BTC price will fluctuate massively and so sales will occur right at the top 100k? 200, 300K and lower down too, so av BTC sale price could be significantly higher than $50k

I would imagine that BTC will move up towards $50k now, minor moves down (10%) therefore ARGO likely to maintain trend up for now...(no major pullbacks).

Anyway, just for fun :)

sif

[thefartingcommie] 06/1/2021 18:20

Argo Blockchain PLC (ARBKF:OTCPK)

Real Time Quote | Exchange | USD
Last | 1:20:08 PM EST

1.48 +0.59 (+66.85%)

[brasso3] 06/1/2021 18:17

Argo Blockchain PLC
OTCMKTS: ARBKF
1.29 USD +0.40 (45.43%)

[bakedbean] 06/1/2021 18:15

Yes I've always thought that but just lately when I've looked at shares that have broken out of a pattern .. they have gone quite a way for a few days

[bakedbean] 06/1/2021 18:11

I saw that , it's a good channel isn't it

[ramellous] 06/1/2021 18:04

If you watch the Halftime report on cnbc, one of the traders just chose Grayscale as his final trade as he said Bitcoin is just going higher. To a thumbs up from the others. This is rapidly going more mainstream.

[thefartingcommie] 06/1/2021 18:02

New 52 Week High Today
Argo Blockchain PLC (ARBKF:OTCPK)

Real Time Quote | Exchange | US

Last | 1:01:51 PM EST

1.29 +0.40 (+45.43%)

[parob] 06/1/2021 17:57

They are going mental for it in the USA.

[thefartingcommie] 06/1/2021 17:31

$1.20
+0.313 (+35.29%)
Jan 6, 2021 12:15

[sunshine today] 06/1/2021 17:27

Yet again congratulations to all those who have made an absolute packet here in the last few weeks.

I now turn my attention to those that wished they had, but take the view they have missed the boat at a £200 million market cap, that ARGO now stands in at.

It’s a geared play on Bitcoin “s future performance and to date has been the correct,
one way bet.

Well done



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For those that want to research the only other slant on Blockchain, listed on the premium sector of the LSE

TRD

Valued at just a poxy £12M and £4M of that, is cash.

Their Blockchain model is BAAS Blockchain as a service. (See framework agreement)

It’s a real business established over 30 years ago and has U.K. government contracts, and is highly respected and in profit .

[suffersnofools] 06/1/2021 17:12

ARBKF up a further 10pc since U.K. close - 1.17 currently - 85p

[suffersnofools] 06/1/2021 17:11

I would say that's a good way to lose your shirt!

[aidenabettin] 06/1/2021 17:05

My 2021 tip is 'BRSD' @ 25p

[bakedbean] 06/1/2021 17:01

Would it be fair to say that a strategy of looking at the top list of rising shares then jumping on is a profitable one in the long run , are there people what do this ... gutted I never jumped on this when saw it at 45 .. I just darnt now

[crypto nugget] 06/1/2021 16:50

A very nice day.

Only dark hole is my filter list is growing by the day.

If my hunch is correct and oilisgold is chuntering on about placings, then he's thicker than I thought.

Must agree though with SNF's thoughts on the matter. A placing at £5 would be welcome!

All eyes across the pond now then and on the BTC price.

[aidenabettin] 06/1/2021 16:45

When $ETH was $200-$500 the fees were ok but now they are crazy