Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -17.00 -6.49% 245.00 15,522,591 16:22:47
Bid Price Offer Price High Price Low Price Open Price
240.00 250.00 257.50 215.00 217.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.62 -0.87 -0.20 894
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 O 32,960 248.75 GBX

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Date Time Title Posts
01/3/202104:38Argo Blockchain PLC20,783
01/3/202103:40Argo Blockchain & Bitcoin - Bapodra Investments28
01/3/202102:42The Argo Blockchain TA & OT thread 2,683
27/2/202111:39bitcoin mucking around56
25/2/202102:01Argo Blockchain Number Crunching33

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Argo Blockchain Daily Update: Argo Blockchain Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ARB. The last closing price for Argo Blockchain was 262p.
Argo Blockchain Plc has a 4 week average price of 76p and a 12 week average price of 9.93p.
The 1 year high share price is 332.50p while the 1 year low share price is currently 2.65p.
There are currently 364,863,873 shares in issue and the average daily traded volume is 26,603,076 shares. The market capitalisation of Argo Blockchain Plc is £893,916,488.85.
bapodra_investments: Looking at the 'daily' timeframe for Argo Blockchain Plc there are some large gaps when the share price was driving upwards. Now these gaps do not necessarily have to be filled but I am wondering now if Argo's share price may go down and fill those gaps. The largest one being in the £1.40p - £1.70p price zone. On the 'Monthly' timeframe this is still looking super bullish. On the 'Weekly' timeframe the trend has clearly weakened and the correction can be seen. This 'gap' can also be seen on the 'weekly' timeframe too which is why I think there is a chance the price could go down to this price level. On the 'Daily' timeframe the 20 day moving average is around £1.79p so that is another reason why the price may go down to this level. The 20 EMA on the daily is around the £1.95p price area so it could look to touch that so at the moment from a technical perspective it seems the price albeit temporarily could go below £2.00. If this happens the question is whether it bounces off this strongly or whether it continue going downwards. I think there will be a battle between buyers/sellers at that level and we will have to see who wins. I do not know who will win so it is pointless me predicting as I cannot predict the future price action with any certainty as can no one else so it is pointless expecting people to do so.
steve73: snf, I'm seeing ARB @ 390 & 570p with BTC @ $60k & 70k... but remember this is extrapolating it beyond the ranges we've seen so the relationship might weaken or break down. Unfortunately BTC hit $58k during a weekend so there was no corresponding ARB price, although the correlation suggests it should have been c.360. Also note that hash rate has been steadily increasing, but then so have the number of shares.
bapodra_investments: Why are people so obsessed with price predictions? Even the best traders in the world openly admit in their interviews that they cannot accurately predict the future price of a stock or an asset so they do not even bother trying. These are successful billionaire traders which none of us on this board are. None of us can 100% accurately predict the future price of a stock or asset. Some may get lucky but it cannot be done with any certainty. Anyone who thinks they can are delusional. The key is to find trading set ups where the conditions are stacked in your favour. If you can identify patterns they will not guarantee future price action but can help you at least think about how much risk you are willing to take on any given trade. So what are the plus points for Argo. Firstly they are generating revenue which has the potential to grow year on year. Secondly they are profitable and have the potential for profits to grow year on year. The margins are actually very impressive and most companies would love to have the margins which Argo enjoy. Who knows whether Argo is overvalued or not but one thing I do know is that at some point the share price is going to seriously correct when profit taking, speculators leaving the party and Bitcoin begins its longer correction which will last over 12 months or so. Until Bitcoin makes its final ATH, just enjoy the ride. When that 'trend' starts to 'bend' may be a time to exit for those who do not wish to hold for the longer term which is 3-5 years or more.
bapodra_investments: In my personal view, Argo Blockchain, is a 'leveraged' play on Bitcoin. Try and think of it like when the price of Gold goes up, a Gold mining company will go up more than the spot price of Gold. Argo has outperformed the Bitcoin price in the last year in terms of percentage returns. As Peter Wall nicely put it on a recent interview. When the Bitcoin price goes up, Argo's share price as a Bitcoin mining company, could go up even more.
1knocker: I have not looked at this board for a few days - no time, as I was busy making a bit of money. Interesting to see Sniffly now having a queeny fit at Tyke for explaining (by detailed TA) what he sees in his rear view mirror. Tyke's TA may not be helpful SNF, but at least it is harmless, not misleading fantasy such as your predictions of £36 in 5 years.Moreover Tyke has a sense of humour, and does not mind the odd pop at his expense. Crypto, I am sure everyone already knew without you telling them that you are a better investor than Charlie Munger. He is getting on a bit now, have you written to BH to suggest they pension him off and instal you in his place? Do, please, post their reply. As for the conspiracy theorists, I guess they should patent their trousers with the extra fly at the back. The design certainly works well to enable their voices to be heard loud and clear. As to the price of the placing, the director sales and the correlation of the ARB share price with BTC, if you have confidence in BTC (long term, I do), buy BTC, not ARGO. Unless you can explain why the ARB business model makes it a better and safer bet than BTC. BTC and a mining company are NOT the same, and now that the market cap is significant there will be more professional analysis of ARGO's business, and with greater understanding of ARB amongst investors the correlation will grow weaker. The directors are not fools, and I think you will then also find that the placing was not at quite the give away price many of you think, and that the directors understand the wisdom of cashing in ARB shares to reap the benefit of the current market frenzy before the ARB business and its likely sustainable return on capital are widely understood. Having glanced over the last three days posts, I am more than ever convinced that Nico's are the only one's which are of the least value to an investor.He is objective, does not fall in love with the shares he buys, and looks at the market with a view to making money rather than try to justify fantasy predictions Henceforth, I am going to confine my reading to his posts. This thread is going to arrive on my screen in greatly abbreviated form!
bapodra_investments: When I invested in Argo it was a nano cap. It then became a micro cap and is now certainly a small cap on its way to becoming a mid cap. It will be interesting to see if Hadron Capital look to increase their position. They had 4.61% of the share capital back in December 2020. What is interesting is that the CIO at Hadron is a Non Executive Director for Argo which seems like a very smart move. He has experience in International capital markets and this experience may help Argo when looking to list on Nasdaq. Trium Capital had 3.32% of the share capital in December 2020. Back in 2018, I recall Miton Capital, Henderson Global Investors and Jupiter Asset Management investing in Argo Blockchain. Does anyone know if they are still investors and if so what amount of share capital they currently hold? If these start increasing their positions or new institutional investors come on board, the share price could end up being a lot higher than the current price. I am now thinking £4.00 Argo share price would not be totally out of the question in this current bull cycle for Bitcoin and Cryptocurrencies in general.
10076968: 2tyke you said let's move on then proceed to 'not' move on. Why would outside events not affect the value of a share price? If there is a hurricane in Columbia that decimates the coffee crops and reduces the world's coffee production for a period of time, would that affect the share price?Better example with proof. Gerald Ratner the jewellery bloke all those years ago who said his earrings were cheaper than an M&S prawn sandwich. he wiped something like $10B off the value of the company and they never recovered.So do you still want to say outside events don't influence the markets.I'm staggered that you can convince yourself to that. Astounded!!
2tyke: That's right ARB is in a different wave pattern to bitcoin. News pretty irrelevant as a driver too. You saw the 'no effect' of the mining machine RNS yesterday. Today the rise seems all about OTC news to some....or does it? I was recently in zoetic (zoe) which rose from 4p to over 80p very quickly. The only time the share price seemed to fall was when it announced 'good news' In fact when ZOE announced that it had gained the same OTC registration that ARB has today....the share price dropped over 20 % !
bapodra_investments: The 14 day RSI at 80% is £409.06p. I am not suggesting that Argo will definitely hit that price level but from an upside point of view this could happen if Bitcoin has completed its correction and is yet to make its final ATH for this current bull move. If Argo's share price was to hit £340.00 again which is its ATH then the above scenario/set up comes into play. A lot of the technical indicators are signalling 'Buy' so the share price is still in 'bullish' territory. On the 'daily' timeframe Argo's share price is still above its 20, 50, 100 and 200 day moving averages so the 'trend' upwards is still in tact and nothing has changed. It's 20 DMA is £1.61 so the current price is in a healthy position. Any drop below its 20 DMA would be a bearish signal at least for the shorter term. The longer (in terms of the time period) the price stays high, the moving averages, will increase meaning its 20, 50, 100 and 200 DMA's will start to climb and be higher amounts. The 50 DMA is still over £1.00 and any breach below that would indicate a stronger trend reversal in play. The price is no where near those levels so I am bullish for now.
yump: Well I reckon ARB share price is going to go up and down a lot and there's a 'chance' that it might go up more than down. Those are my predictions and I'm sticking to them, whatever the sceptics say.
Argo Blockchain share price data is direct from the London Stock Exchange
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