ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

ARB Argo Blockchain Plc

5.70
-0.55 (-8.80%)
03 Dec 2024 - Closed
Delayed by 15 minutes
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
  -0.55 -8.80% 5.70 39,135,326 16:35:26
Bid Price Offer Price High Price Low Price Open Price
5.50 5.55 6.125 5.525 6.125
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec USD 50.56M USD -35.03M USD -0.0551 -1.00 39.77M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:53 O 10,000,000 5.75 GBX

Argo Blockchain (ARB) Latest News

Argo Blockchain (ARB) Discussions and Chat

Argo Blockchain Forums and Chat

Date Time Title Posts
03/12/202407:34Argo Blockchain PLC34,668
21/11/202411:09The Argo Blockchain TA & OT thread 11,019
10/3/202314:32ARGO Blockchain PLC 931
03/8/202212:44Argo Blockchain - multibagger52
24/5/202216:57Carnival of sleepy market makers136

Add a New Thread

Argo Blockchain (ARB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-03 17:15:005.7510,000,000575,000.00O
2024-12-03 17:12:435.501,01455.77O
2024-12-03 17:08:115.551437.94O
2024-12-03 17:04:415.601518.46O
2024-12-03 17:04:105.601568.74O

Argo Blockchain (ARB) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Argo Blockchain Daily Update
Argo Blockchain Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker ARB. The last closing price for Argo Blockchain was 6.25p.
Argo Blockchain currently has 636,350,000 shares in issue. The market capitalisation of Argo Blockchain is £35,126,520.
Argo Blockchain has a price to earnings ratio (PE ratio) of -1.00.
This morning ARB shares opened at 6.13p
Posted at 02/12/2024 18:33 by m_night10
ARB I suspect will go to 20-30p from here with BTC holding $90,000 plus.

Once $100,000 plus BTC comes then ARB goes ballasitic and 30-50p share price

This can be any day now.

2025 BTC will likely see $200,000. ARB share price = £1/100p plus in this scenario.

By 2030 BTC $1,000,0000+ ARB share price = £10 plus in this scenario.

I see this as a fantastic investment at 6-7p a share.
Posted at 21/11/2024 18:47 by 1knocker
With the price of BTC approaching $100K, ARB debt at a huge discount, and the ordinary share price falling, surely holders (both of debt and equity, but especially of equity) must sell and recover what little they still can.

Something is better than nothing, and even if ARB somehow survives there will be next to nothing for the current shareholders.

That is how I read the present situation. I sold the last few of mine a while back when I could still get 12p. That said, there are still buyers. Presumably they see something to be had in ARB, but I cannot work out what.
Posted at 12/11/2024 07:09 by srpactive
jn

Thank you, if they manage to find somewher or not evicted and
btc does achieve $100k, what value do you place on arb share price?

tia
Posted at 21/9/2024 07:03 by idriveajag
Ok, looks like the market wants the bitcoin price to be higher before supporting a higher Arb share price.
Posted at 19/9/2024 12:06 by 1knocker
How much BTC does ARB hold, Sharetalk, and how does that compare with other miners? Relatively, is ARB's balance sheet going to benefit as much as the other miners' balance sheets?

Looked at relatively though, I concede that ARB at least looks a safer bet than QBT. You have been touting that as a 100 bagger. Since you started your own thread to tout it its share price has fallen well over 90% from its 3.5p high last year, and is down over 60% this year, a year you have ramped as 'transformative' for QBT !!

Is your day job a kennelman ? Is your portfolio 100% canine?
Posted at 19/9/2024 08:42 by 1knocker
JakNife, Yes I understand all that. I acknowledged that imminent collapse has been averted (as it has), but the point of my post was that I see no way from here to prosperity for ARB. That is why I sold the last of my ARB holding and got out - when the share price was over 30% higher than it is now.

I remain enthusiastic about BTC (which I continue to hold) but not the crypto miners as an asset class, and certainly not ARB as a member of that class. The stronger miners at least offer opportunities for trading, but ARB is not even on my trading watch list.
Posted at 01/8/2024 11:09 by 1knocker
QBT had a litigation success a few weeks ago, with winnings amounting to about two thirds of its market cap ('the Sipiem money').The share price did nor rise. It has continued to fall, now down over 75% YTD.

Is that anomalous? No. The company indicated that it would apply all the Sipiem money to funding its BTC mining R&D. That research has proved to be a money pit, with huge sums raised in share placements burned. The market regards QBT as a 'sucker company' (Stockopaedia's words, not mine, a vehicle for funding its elderly CEO and prime mover's quantum computing research hobby, not a serious business. It has only a handful of part time researchers (PhD students, mainly), and operates in a very difficult and expensive field of research. It is a 'jam tomorrow operation, cycling endlessly between hype and disappointment phases.

Consequently the market concluded that the Sipiem money would not benefit shareholders because the company is pledged to burn it in an endeavour which is highly unlikely to succeed, still less turn a profit to recoup the research costs, and far from rising on a £6m litigation win, the share price continued to fall. That tells you all you need to know about QBT. It is a sucker stock fuelled by hype, and a money pit pledged to burn every pound it lays its hands on, whether from capital raises or its recent litigation success. Anyone who sells ARB or anything else to buy QBT should not be allowed out without a minder.
Posted at 07/6/2024 08:39 by jaknife
idriveajag,

"Arb's average costs per bitcoin mined pre-April 2024 halving was $31k, which implies $62k post halving. So with bitcoin now above $71k and rising, Arb are in a good position."

Have you looked at the accounts?

In Q1 ARB mined 319 BTC generating $16.8m in revenues. You can find the detail here:



This also shows that the "direct costs" of mining BTC in Q1 were $10.4m. After all the other costs, ARB lost $2.8m in Q1.

Following the halving, ARB will now generate half the revenue that it did before. That was effectively confirmed this week when the May update reported revenue for May of a mere $2.9m.

See:

Very roughly $2.9m x 3 means that ARB's revenue for Q2 will be in the ballpark of $9m.

It doesn't take much to see that, if all other costs remain unchanged, then ARB will make a a negative mining margin in Q2 of about -$1.4m and should report a loss for Q2 of the order of -$10.6m.

So Argo was in a really poor position before the halving and post the halving it's in a disastrously terrible position. I don't actually understand how the director can carry on running the business? If they were to just turn the machines off then they'd make a better profit (ie a smaller loss).

JakNife
Posted at 07/6/2024 07:33 by idriveajag
Sharetalk I agree.

Arb's average costs per bitcoin mined pre-April 2024 halving was $31k, which implies $62k post halving. So with bitcoin now above $71k and rising, Arb are in a good position.

Arb share price should recover rapidly.
Posted at 28/4/2024 13:32 by jaknife
Here’s a quick journey through ARB’s finals that were released last week:

1. P&L
* Revenues are down 14% at $50.6m, the company says ”driven primarily by a significant increase in the global hashrate and associated network difficulty level.” Note that these are for the year ending 31 Dec 2023 and so don’t include the effect of the recent halving from just over a week ago.
* Gross profit is $3.8m, noticeably there is little movement in the fair value of crypto assets as ARB no longer hold significant crypto on balance sheet. “Digital assets” at year-end were just $385k, which is significantly lower than the $109.0m that ARB held going into 2022, during which it sold nearly all of its crypto.
* ARB highlight the depreciation that makes up the gross profit line ($18.7m), which is a helpful reminder of this non-cash item.
* After operating expenses of $19.3m and (non-cash) remuneration paid by shares of $4.0m there’s an operating loss of $19.4m
* And then finance charges and other costs bring the P&L to a loss after tax of $35.0m

The P&L basically shows a loss-making company further weighed down by the burden of interest.


2. Balance Sheet
* The main asset in the balance sheet is property, plant and equipment ($59.7m), cash is down from $20.1m at the start of the year and is now just $7.4m
* On the other side loans and bonds total $62.5m of which $14.3m is current (ie due within 12 months of the balance sheet date). Note 25 explains that the “Galaxy loan” is repayable on an amortising schedule.
* Net equity has declined from $24.6m to a mere $158k


3. Cash Flow
* The business does generate a small amount of cash from its operating activities ($3.8m in 2023) but once you factor in interest at $10.7m and loan repayments of $14.1m it’s cash burn city! And if you half the "Revenue from digital assets" then you can get a glimpse what the cash flow will look like from April 2024 onwards.


4. Conclusion/Forecast
ARB wasn’t profitable in 2023 and it will get even worse in 2024 following the recent bit coin halving. If you look at the numbers for 2023 then you could imagine a mildly profitable company *IF* the bonds were converted to equity.

However allowing for the bitcoin halving, even if the bonds were converted to equity, then ARB would still make a stonking loss in 2004. And the big thing is that ARB’s bitminers are rapidly becoming inefficient and obsolete but ARB isn’t generating enough cash to replace those bitminers!

ARB’s equity is ultimately worthless, the business will never generate adequate cash to provide a return to equity, if it generates any sort of cash then all of that cash is going to go to service the debt. They could look to recapitalise the business by converting the debt to equity, at a price that wipes out current equity, but even then the business isn’t going to generate a profit without a substantial slashing of expenses.

Regardless, something needs to happen soon as ARB must be running on fumes!

JakNife
Argo Blockchain share price data is direct from the London Stock Exchange

Argo Blockchain Frequently Asked Questions (FAQ)

How many Argo Blockchain shares are in issue?
Argo Blockchain has 636,350,000 shares in issue.
What is the market cap of Argo Blockchain?
The market capitalisation of Argo Blockchain is GBP 39.77 M.
What is the 1 year trading range for Argo Blockchain share price?
Argo Blockchain has traded in the range of 5.525p to 35.50p during the past year.
What is the PE ratio of Argo Blockchain?
The price to earnings ratio of Argo Blockchain is -1.00.
What is the cash to sales ratio of Argo Blockchain?
The cash to sales ratio of Argo Blockchain is 0.70.
What is the reporting currency for Argo Blockchain?
Argo Blockchain reports financial results in USD.
What is the latest annual turnover for Argo Blockchain?
The latest annual turnover of Argo Blockchain is USD 50.56M.
What is the latest annual profit for Argo Blockchain?
The latest annual profit of Argo Blockchain is USD -35.03M.
What is the registered address of Argo Blockchain?
The registered address for Argo Blockchain is EASTCASTLE HOUSE, 27/28 EASTCASTLE STREET, LONDON, W1W 8DH.
What is the Argo Blockchain website address?
The website address for Argo Blockchain is www.argoblockchain.com.
Which industry sector does Argo Blockchain operate in?
Argo Blockchain operates in the BUSINESS SERVICES, NEC sector.

Your Recent History

Delayed Upgrade Clock