Argo Blockchain Share Discussion Threads

[crapcrap] 05/9/2019 12:09

peted81, i know, its insane, and all paid for on 3 months ROC

[crapcrap] 05/9/2019 12:06

fuji99, i'm pleased you agree. i don't think people have got their heads around
ARB yet.
the longer that continues, the more i can grab at this stupid price

[peted81] 05/9/2019 12:05

Are people overlooking the investment strategy?

20-Aug RNS stated power capacity is being increased to run 15k more machines

Based on the 04-Jul RNS which stated the 5k Antminer S17s cost £13m

That's an intention to reinvest £39m

[fuji99] 05/9/2019 11:24

I think they are wrong as it is already making more than that in 2019 !
Yes even if they make 300 a month at $10.000, that is $3 million/month = $36 million a year. If their margins are 70% (they stated 80%), then this makes $25.2 million = £20 million.
He may need to revise his numbers unless he based the BTC unit at $3000.

For BTC infos:

[crapcrap] 05/9/2019 11:22

after costs i get £25m profit. I've not included corp tax

[crapcrap] 05/9/2019 11:15

£8.5m in 2020!!!!! what with 500 BTC per month being produced. what have i got wrong?

[fuji99] 05/9/2019 11:14

More people accumulating Bitcoin.

[lithological heterogeneities] 05/9/2019 10:25

6% DIVIDEND

08 Aug 2019
Align Research Note


Page 1

"Yield based valuation suggests 107% upside
Our forecasts see Argo making a net profit of £4.86 million in 2019, rising to
£8.59 million in 2020. We set our first target price for the shares at 14.62p,
based on a 2020 dividend payout ratio of 30% and 6% yield. Additional
earnings and efficacy based valuations suggest further blue-sky potential.
Conviction Buy"

[crapcrap] 05/9/2019 09:41

the seller drops a few then the buyers pick them up later.
its all good, we need that seller to create a
market, keeping it low so we can accumulate.

[fuji99] 05/9/2019 09:30

This is what I like from their July update, when they generated £1.4 million with a 80% margin: "Argo Executive Chair Mike Edwards said: "We are pleased with the mining results in July as they demonstrate that we can use our existing investment in people and facilities and add new mining hardware with no increase in staffing and no material increases in non-mining costs. This operational gearing is very important as we triple our mining capacity over the next two quarters with no significant increase in non-mining costs."
"By the end of the fourth 2019 quarter, another 7,000 state-of-the-art mining machines are to be delivered and commence production. Argo's production capacity for the next five months will almost treble as a result of this to 500 Petahash by fourth quarter end." - So the real action will start towards year end and throughout next year.

[fuji99] 05/9/2019 08:59

I noticed for a few days now that the share price usually drops in the morning to recover in the afternoon.

[idiot441] 05/9/2019 08:58

CC I am not sure I have ever seen a specific or even implied dividend in a RNS? Pls let me know if you can find one (hope I am wrong).
We may be getting ahead of ourselves to think £150m after tax profits - hope you are right.
Mirabaud 2020 pre-tax forecast is £24.5m. I will take that ... for now!

Anything possible with exponential expansion, low costs.... and if btc explodes upwards.

[crapcrap] 05/9/2019 08:19

in two years, profit after tax,say 150m. that = 30c per share at 6%

[nico115] 05/9/2019 08:18

Pleased you finally agree with me !!Better to buy at 9500 though when I told you !!Buy low sell high Rinse repeat

[lithological heterogeneities] 05/9/2019 08:15

Topped up again. Seriously undervalued.

[crapcrap] 05/9/2019 08:13

fuji99, don't forget in one of ARB's statements they said they will be shedding 6% of profits
in dividends.

[idiot441] 04/9/2019 19:59

Pleaeed to see navigation now working on smartphones
hxxps://argoblockchain.com

[suffersnofools] 04/9/2019 17:48

BTC having a crack at a breakout on the 4hr. Could see 11300....

[liveit2] 04/9/2019 16:39

everyone qing up to dump their stock? this is probably the best time to get in

[fuji99] 04/9/2019 16:07

I think I will stay 100% invested for at least a few years until BTC-unit reaches $50k+ and ARB making £15+ million a month. Meaning, both profit and share price multiplied by 10. Then I could start taking a bit of profit.

[liveit2] 04/9/2019 16:01

i wouldn't want to be out of this share this week, as fireworks will start this week