Argo Blockchain Share Discussion Threads

[phoebusav] 20/1/2021 21:07

Jackson, what you fail to realize is this is not a stock acting in isolation, but a cork bobbing on the crypto cyclical bull tidal wave. Stock specific technical BS is totally irrelevant in this instance. Perhaps we should encourage you to go short. When BTC gaps up big time over a weekend and you can't close your position you'll be in a real predicament. Those of us that are long aren't bothered by short term blips as we are looking several months ahead gazing at the stock flow chart and feeling all relaxed. Pick dimes up in front of a steamroller if you must.

[hotaimstocks] 20/1/2021 21:04

wait till bitcoin is below $10 again as we are is a bubble .... gamblers love ARB

[russ42] 20/1/2021 21:03

I think some universities that study mental health issues might want to have a look in here. They would have a field day. You wonder where they all come from.

[crypto nugget] 20/1/2021 21:01

If Blackrock are having a sniff around crypto, then that gives it a lot of respectability.

[crypto nugget] 20/1/2021 20:59

jackson83 - yes we have dilution of 8%.

But for that price we have increased capacity of over 60%.

Your scaremongering re the 10p's again is pure drivel.

[jackson83] 20/1/2021 20:55

from 3p to 80p is crazy .. RED FLAG ... now we have dilution of say 8% so sold drop to 70p/75p or much lower when bitcoin crashes !! we will test 10p's again. GOOD FOR SHORTING STILL.

[yump] 20/1/2021 20:52

If its of any interest amongst the complexity, I have an upper and lower model:

Upper is per the usual 'look at the valuation of something else and ARB must reach it surely'. All based on a fixed BTC of GBP25K.

So Upper is just multiply the revenue by the same multiple as your chosen comparator from the US to give a bonkers result.

Lower is based on possible this years earnings x a p/e, choosing the p/e based on a growth/trendy UK business - say 2p and 40.

Middle is based on possible 2 year future earnings x a p/e based on how trendy ARB is and the max. sort of p/e that we get in the UK with something in fashion.
So that would be 4p x 80.

I also have a pin, a blindfold and a share price chart to work with.

[crypto nugget] 20/1/2021 20:43

aiden - will you be putting your shorts on tonight?

[crypto nugget] 20/1/2021 20:34

markth126 - I have a strategy (which is probably useless!), but I buy ARB on any 10% dip on the day, and will simply add until BTC reaches $100,000 which is my year-end target. I don't sell out on any rise or spike which maybe I should at least sell some (risk management and all that), but quite content when BTC & ARB fall which enables me to add to my position.

Then irrespective of ARB's price when BTC reaches six figures, I will sell.

Realistically I haven't a clue what they will be, but I'm thinking if BTC does reach 5100,000 then ARB really should be around the £5 mark.

SNF has many variable forecasts here, if it helps, ranging I think from £2 to £36. The extreme call I would think is very top of the range, but maybe its eventually "doable" given some of the exotic forecasts for BTC. Any figures like that though I would imagine will take years. He has mentioned £10 before which looking at BTC forecasts, our increased capacity, and our increasing number of BTC which we keep (already around £8m worth) is probably very feasible.

[euclid5] 20/1/2021 20:33

Investment management giant has tentative plans to allocate some of its assets to Bitcoin futures.

BlackRock has expressed plans to allocate funds to Bitcoin futures in two new filings with the U.S. SEC.

The firm’s interest in cryptocurrency has developed gradually since then. Last November, the company’s Chief Investment Officer suggested that Bitcoin had the potential to replace gold.

If the plans outlined in this month’s SEC filings proceed, it will be the firm’s first Bitcoin-related investment. That said, it is not yet clear that BlackRock’s suggested plans will be approved or acted on.

BlackRock is the world’s largest asset management company. It currently has more than $7.8 trillion assets under management.

[suffersnofools] 20/1/2021 20:30

Argo are ramping now ;)hTtPs://twitter.com/argoblockchain/status/1351990382817542145?s=21

[suffersnofools] 20/1/2021 20:29

Hi Mark,Have a watch of these 2 valuation models. My own model is similar. I was going to post a Dropbox link but sadly this bb has degenerated into a zoo of late so I can't be bothered to take the flak from people who don't understand what a model is and take every target price as a personal affront :/HtTpS://youtu.be/t2sNU0cLOnhTtPs://youtu.be/RVZs7SVmaIk

[nico115] 20/1/2021 20:25

I'm at 230p H1 and then 80p H2 SNF thinks 36 quid but he's a lemming : )

[alm6] 20/1/2021 20:20

Depends who you ask and what timescales your thinking of. Personally, I'm aiming for 300p within 3 months, but people like SNF have models for 1000p and more within the year - I haven't got the credentials to question him.

[mnomis] 20/1/2021 20:15

I expect £2 min on the assumption that BTC pushes higher, or higher still if it gets to 6 figures as many expect.

[markth126] 20/1/2021 20:10

Out of interest what are peoples realistic expectations here?

[crypto nugget] 20/1/2021 19:55

yump - Lol!

The American version is far more intelligent (?)!

So far things nice and positive. BTC above $35,000 again and PW broadcasting tomorrow.]

Could be a much better day all round.

[jackson83] 20/1/2021 19:51

we await news tomorrow from the CEO

[yump] 20/1/2021 19:40

Crypto nugget

Are you sure they’re not the same person ?

[nico115] 20/1/2021 19:37

Made me laugh ; )

[sideshowbull] 20/1/2021 19:10

I agree we should all keep safe x

BWTFDIK

[noirua] 20/1/2021 18:48

US$1.365 = £1.00 ..... US$1.30 = 95.2p..... US$1.25 = 91.5p..... US$1.20 = 87.9p..... US$1.15 = 84.2p.....
US$1.10 = 80.5p..... US$1.05 = 76.9p



RIOT -