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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.30 | 0.00 | 07:43:51 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 5.00 | 5.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | USD 50.56M | USD -35.03M | USD -0.0488 | -1.09 | 38.01M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 5.30 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/12/2024 | 07:00 | UK RNS | Argo Blockchain PLC Argo November Ops Update |
| 02/12/2024 | 11:27 | ALNC |  Argo Blockchain shares fall as subscription raises GBP4.2 million |
| 02/12/2024 | 07:00 | UK RNS | Argo Blockchain PLC £4.2 million Subscription by Institution |
| 29/11/2024 | 07:00 | UK RNS | Argo Blockchain PLC Vesting of PSU Award PDMR Dealing |
| 20/11/2024 | 15:34 | ALNC | Argo Blockchain revenue falls as bitcoin mining margins narrow |
| 20/11/2024 | 07:00 | UK RNS | Argo Blockchain PLC Argo 3rd Quarter Results |
| 14/11/2024 | 07:00 | UK RNS | Argo Blockchain PLC Notice of Q3 Results |
| 07/11/2024 | 15:55 | UK RNS | Argo Blockchain PLC Baie Comeau and Helios Updates |
| 05/11/2024 | 07:00 | UK RNS | Argo Blockchain PLC Argo October Ops Update |
| 11/10/2024 | 06:00 | UK RNS | Argo Blockchain PLC Dismissal of Class Action Lawsuit |
Argo Blockchain (ARB) Share Charts1 Year Argo Blockchain Chart |
|
1 Month Argo Blockchain Chart |
Intraday Argo Blockchain Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/12/2024 | 00:08 | Argo Blockchain PLC | 34,691 |
| 05/12/2024 | 11:04 | The Argo Blockchain TA & OT thread | 11,028 |
| 10/3/2023 | 14:32 | ARGO Blockchain PLC | 931 |
| 03/8/2022 | 12:44 | Argo Blockchain - multibagger | 52 |
| 24/5/2022 | 16:57 | Carnival of sleepy market makers | 136 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-10 17:29:35 | 5.25 | 125 | 6.56 | O |
| 2024-12-10 17:20:03 | 5.25 | 262 | 13.76 | O |
| 2024-12-10 17:03:05 | 5.25 | 326 | 17.12 | O |
| 2024-12-10 16:55:10 | 5.25 | 7,024 | 368.76 | O |
| 2024-12-10 16:52:57 | 5.25 | 3,266 | 171.47 | O |
| Top Posts |
|---|
Posted at 10/12/2024 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 5.30p.Argo Blockchain currently has 717,250,353 shares in issue. The market capitalisation of Argo Blockchain is £38,014,269. Argo Blockchain has a price to earnings ratio (PE ratio) of -1.09. This morning ARB shares opened at - |
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 jnThank 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 |
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