Argo Blockchain Share Discussion Threads

[stoneme] 17/9/2019 08:58

Is that what we are investing in? I am invested in a miner. Not a BTC investor. I can buy my own BTC.As I have said before and others have reiterated this morning, why are they not converting in to cash? I have or will be selling half my holding this morning. The others are almost free float; but will sell them all in the absence of news about BTC to cash strategy either by replying to my email or by a crystal clear announcement.

[liveit2] 17/9/2019 08:58

all geese have a price - hopefully it will be above 15p

i can see sells at current price :)

[crapcrap] 17/9/2019 08:56

who sells a golden goose?

[liveit2] 17/9/2019 08:56

the biggest and most efficient miner

[liveit2] 17/9/2019 08:55

we may not reach divi stage - @ cuurent mcap arb will be gobbled up in a v short time

[zed2002] 17/9/2019 08:55

Divi will come. First let them ramp up. I have a feeling they will be bought out at a very good price.

[supercity] 17/9/2019 08:48

FujiSo I won't be surprised to see them giving a maiden dividend next year if their cash pile grows quickly.I think this is the point that is being made - they have to show they can sell the bitcoins to grow the cash pile.Once they can then yes the share is very undervalued based on the next years potential earnings.

[nico115] 17/9/2019 08:41

73p!! Haha What a ramp !!

[hamidahamida] 17/9/2019 08:36

Broker 2020 target 73p based on By end December 12000 machines mining over 500x $10000 Bitcoins worth over $5 million every month

[k1ngkonggb] 17/9/2019 08:29

Good man.....as for the seller.....this isn't the only share that Miton want out, regardless of how good the results and future of this company.

[ssrover] 17/9/2019 08:26

what the seller or align? both are FACTS!!

As for getting in lower i bought at 9p last week

[k1ngkonggb] 17/9/2019 08:22

ssrover...is that your excuse to get in lower??? Lol!

[ssrover] 17/9/2019 08:19

Align are no brokers.. shady outfit as most are concerned


hamidahamida17 Sep '19 - 08:15 - 1542 of 1544
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Broker share price TARGET 73p

[chrisan101] 17/9/2019 08:16

Post the link please

[ssrover] 17/9/2019 08:15

seller offloading 100k chunks again.. how many more millions have the seller(s) got?

[hamidahamida] 17/9/2019 08:15

Broker share price TARGET 73p

[fuji99] 17/9/2019 08:15

The company is only 1 year old ... ! What will it be in say 5 years !

[fuji99] 17/9/2019 08:13

Idiot - Agree with you that while they already have cash and are profitable, keeping a few BTC as their crypto gold assets, they are also anticipating the big future BTC price rise. These guys anticipate well in advance everything - From power consumption by adding more capacity and holding - thus investing - in BTC for future growth of the crypto currency. So they will have two parallel income: Mining and held BTC with increasing BTC price. These guys understand pretty well how to make money. So I won't be surprised to see them giving a maiden dividend next year if their cash pile grows quickly.

[hootza616] 17/9/2019 08:12

I guess we find out how undervalued we are in about 20 minutes! Hold onto your hats. (And your shares!)

[hamidahamida] 17/9/2019 08:00

Align AssessmentWhile Argo management were criticised by some parties for abandoning the previous Mining as a Service (MaaS) strategy, these results vindicate the decision to mine crypto for its own book. Compared to the end of 2018, Argo is now making significant margins on its activities, has a markedly lower cost base and, with the announced infrastructure investments, looks very well placed for further growth in the rest of 2019 and into 2020.Argo shares currently trade at 10.15p, up from 7.05p since we re-initiated coverage on 8th August. There is still some way to go however before our first (yield based) target of 14.62p is met. As time goes on and the company delivers on our forecasts we see our 31.33p per share earnings multiple plus liquid assets based valuation as being more appropriate – of course assuming that Bitcoin prices follow our model. Upside potential to our forecasts and target price comes from filling the newly received capacity, as discussed in our last update. Further blue-sky upside potential comes should Argo's valuation rise in line with its efficiency ratio against peers, with our calculation of 73.71p being some seven times high than the current price.Should the market not realise these values in the short-medium term we maintain our belief that Argo is likely to be an acquisition target for a listed peer, especially given the higher efficiency of its operations. Accordingly we retain our stance of Conviction Buy.

[idiot441] 17/9/2019 07:58

Guys. I dont understand the enthusiasm to rush for turning btc into cash? They are already doing that to pay for new machines. But if they can also build up a treasury full of coins then that is very positive too. They will be pragmatic and convert to pay for machines and costs.... and hold part as cash. But surely we expect btc to trend higher so coins are a great appreciating asset to hold.

As for dividends... share buy backs etc. Much previously written by new and others here and lse:
Co is only one year old
Massive expansion

Perhaps a small dividend next year - partly to help inst investors buy.
If share price fails to recognise value then a buyback could happen in 2020. But for now use the cash on expansion and expect sh price to follow. With so few shs a buyback would reduce float and discourage some investors.

[fuji99] 17/9/2019 07:56

They know Bitcoin price will revisit new highs as it is more and more adopted by institutions. So it doesn't harm to keep a few coins as their crypto gold assets.
They are profitable and they have cash why would they sell ? Indirectly, they are also investing in BTC too !!!
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[parsons4] 17/9/2019 07:53

I am very happy to be reinvested here. I now have a reasonable holding. My main reason is that to me it looks like the "Crypto" sector is going to become similar to GOLD. In other words when all the FIAT currencies of the world start to falter, which is now IMHO, the only alternativeS will be CRYPTOS and GOLD. They are the only investments not controlled by Governments. GLA

[ssrover] 17/9/2019 07:41

Also need to demonstrate how the company will return cash to shareholders? dividend?

company need to start responding to share holders emails and questions