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
  -8.00 -5.8% 130.00 7,603,006 16:35:14
Bid Price Offer Price High Price Low Price Open Price
130.00 135.00 142.80 126.50 140.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.62 -0.87 -0.20 496
Last Trade Time Trade Type Trade Size Trade Price Currency
17:49:57 O 296,796 134.024 GBX

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Date Time Title Posts
18/5/202119:28The Argo Blockchain TA & OT thread 6,543
18/5/202118:27Argo Blockchain & Bitcoin - Bapodra Investments1,403
18/5/202118:01Argo Blockchain PLC25,383
14/5/202108:50ARGO Blockchain PLC 609
13/5/202108:52 This should now be valued like TESLA. ARB44

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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 138p.
Argo Blockchain Plc has a 4 week average price of 122.50p and a 12 week average price of 122.50p.
The 1 year high share price is 332.50p while the 1 year low share price is currently 3.45p.
There are currently 381,761,289 shares in issue and the average daily traded volume is 9,915,440 shares. The market capitalisation of Argo Blockchain Plc is £496,289,675.70.
bapodra_investments: 1knocker - The price of ARB was going down well before Elon's tweet and this whole environmental thing came on board. There was trend strength weakness in BTC well before all of this. Both were heading down and would have continued (in my view)regardless of Mr Musk's comments. The media like to attach a narrative that they think makes sense as to why BTC is going up or down and those who read it (majority) will believe it. I am not saying Musk's tweet had no effect, I am sure more smaller and inexperienced investors/traders may have sold or gone 'short' as a result but their actions will not have had the impact alone. If you look longer term with Argo Blockchain PLC then it has plenty of cash. It is reporting increasing revenues/profits month after month. It was looking at the climate impact well before Musk's comment. It is growing and expanding its operations and investing in its technological infrastructure. It is diversifying from mining by investing in other exciting companies in the Crypto/Blockchain space and will continue to invest in my opinion. They are potentially a 'Monster' in the making in the Crypto/Blockchain space. I am still bullish BTC longer term and I still think BTC will reach $100k if not in this cycle then most definitely after the halving event in the next bull cycle. So I still think in 3-5 years time BTC will be over $100k. If that is the case then I am very bullish Argo longer term. I see its share price a lot higher and I am not even factoring in a potential Nasdaq listing in the future. Those who do not agree with my view above should really just sell and move on to a share they are more comfortable with from a risk/reward perspective.
zydecoco: Cromwell3, So you trade ARB. That will be the ARB that mines the Bitcoin which you have spent all day (plus) here saying is environmentally damaging and you object to on ethical grounds and so people should develop a conscience. Yet you are trading ARB and therefore supporting ARB as you buy. It would be easy to say you are simply a hypocrite, however that would be to neglect the point that you are trading ARB and so trying to influence people here to move ARB's share price to your own trading advantage. Unfortunately, that makes you a manipulative hypocrite.
bapodra_investments: Jackson - If you are confident that Bitcoin is going to crash to $5k then I really hope you are shorting Bitcoin. You should also short ARB as well as £5k BTC price would really harm ARB's business model. I personally cannot see BTC price below its ATH for 2017. So I think there is a floor at around $20k and I cannot envisage at this stage the price going below that price. I can see $45k as a short term level where it may go down and touch and maybe even in the $30k-$40k price zone but that is the worst case scenario for me. I see BTC hitting $100k and the market and its participants will ensure this happens. I don't know when this will happen but the price action, trends, signals and indicators should show us when this is more likely to happen than not. It certainly is not going to happen in May 2021.
bapodra_investments: Just like continued pressure downwards cannot be ruled out, nor can Argo surprising the market with some exciting news such as Nasdaq listing, new investment or even more improved margins that drives the share price upwards. ARB is capable of surprising us all and just when some think it is all doom and gloom, BOOM, the share price spikes upwards and catches investors and traders out. What I am looking at now is whether ARB can hold above the recent low and move towards £2.00. This price zone is going to be crucial short term in deciding the next directional move from ARB.
1knocker: Don't be daft Yump. The energy use issue is just one of a number of currently fashionable stones to throw at CRYPTO in general and BTC (the most established crypto) in particular. If there is a government move to clip the wings of crypto that will not be prevented by removing climate damage from their armoury of justifications for the attack. Any attack by governments (and in particular Biden)happen only if it is perceived as a threat to fiat, and will. be directed against the use of crypto, not how it is created. Of course it will be handy to have the green and the woke as enemies of crypto and thus allies of fiat, but going green will not save crypto from government attack if it threatens fiat. If that happens, ARB's green mining credentials will not save BTC or any other crypto from the charge of destroying the world, and ARB will not enjoy a 'green premium' over any other miner, because governments will not gun for the miners but for crypto/BTC itself. It is crypto/BTC, not the miners, which constitute a rival to fiat. The only potential benefit to ARB from being green is operational, if carbon taxes on energy use are avoided or carbon credits awarded (incidentally the largest component of Tesla's very modest trading profits) as a result of using 'green' energy. Don't hold your breath waiting for carbon credits to be awarded to any miner though(however green) if governments are looking to clip the wings of crypto in defence of fiat! There are not going to be any bouquets for green miners if there is a general attack on the crypto sector. It is sensible for any heavy energy user to be on the 'clean' low carbon side of the divide, so as to avoid vulnerability to the CO2 sin taxes which are coming down the pike, and full marks to ARB for getting ahead of the opposition there, but that is all. Its just one factor amongst many in keeping costs down so as to maximise profits. Until the mining sector is mature enough to be valued on actual profits rather than hope, there will be no discernible premium in the share price for greenness, and only then to the extent that greeness translates to lower energy cost and higher profit.
2tyke: Bisho4: Thanks for your comments. I do see why you feel EW seems to work at times and not at others, but I think I can explain your concerns. Firstly, bitcoin is consolidating in a very large sideways movement that swings between the limits of 43k and 64.9k. It has been doing so for 3 months now. The swings converge over 5 legs. Each swing is a zig-zag. But the 3 legs of each zig-zag can have variable patterns. So when the price gets close to a boundary and changes direction, it's easy to think that the next leg has started. It is always completely possible that the price rises a bit and then moves lower again to complete a bigger zig-zag, which is what happened yesterday. It wasn't that it was 'incorrect' and it doesn't alter the share price position within the bigger pattern. We are talking about adjustments to a zig-zag in a particular leg, that is all. Secondly...and this is something that isn't really appreciated by anyone on the bb other than maybe alm6. EW does have predictive capability, but the purpose of it isn't to 'predict'. It is actually a complete road-map for price. It's telling us where bitcoin is in its current progression higher. Price informs exactly where this view is wrong. There is no doubt at that point. And we move into an adjusted road-map. Thus with bitcoin...there is currently no change to where bitcoin is 'likely' heading. Keep learning about EW is a very special discipline.
bapodra_investments: What happened overnight in Crypto markets and specifically BTC after Elon Musk's tweet and how the price reacted is why I do not believe as strongly as 2Tyke in Elliott Wave Theory. It simply cannot predict what happened overnight with BTC. So from a trading perspective it simply cannot predict what is unknown to many apart from a small circle which may have known in advance what unfolded. I have to say it makes Argo's green strategy a superb one. I have seen the RNS this morning and now all of a sudden ARGO is way ahead of competitors around the world in green mining. This is precisely why I am suggesting looking at the larger road map and path ahead. It will take time for those operations to mature but when Argo are established as a 'Green Miner' of Cryptocurrency it is going to attract more capital and that is when we will begin to see a much larger valuation and increase in share price. We may see positive share price action today as a result.
bapodra_investments: The price decline for ARB shares is understandable and there is nothing wrong with the price action we are seeing. Investors are failing to understand the business model. ARB has a HODL strategy which means it cannot generate any real revenues or profits. The costs and debts are increasing due to Texas and the market realises that ARB is not in a position to be generating significant free flow cash to the bottom line anytime this year so the market cap short to medium term was simply not sustainable. Yes, others on Nasdaq may be at a higher valuation due to the Nasdaq premium but at this moment in time ARB are not listed on Nasdaq so they cannot demand such a valuation premium. The market is telling us this though the price behaviour. Investors need to take a longer term view. They need to think what ARB could be worth in the next 3-5 years if it executes its strategy of HODL successfully and BTC's price is far higher than now. ARB could be a potential monster in the making. For me the market is correct and the price action for ARB is correct and makes sense to me. For traders it is totally different. The price now is what matters. The only trade since its ATH in February 2021 has been 'short'.
1knocker: Crom, a director's duty is the company. A director should not concern himself with fluctuations in the share price. Anyone who holds on to, still less buys, shares in a company in which he has no confidence in the BoD needs his head examined, and has no-one but himself if he loses his shirt. Remember also (1) that only two prices impact upon your bank balance, the price at which you buy and the price at which yo sell and (2)don't purchase merely to average down, only purchase where you expect the price to rise above the current purchase price. A purchase price does not become a good topping up price merely because it is lower than the price at which you previously purchased. As Charlie Munger pointed out, if you can't cope (whether financially or psychologically) with a 50% retracement, you should not be investing on the stockmarket, and most certainly not in speculative shares like ARB. Contrary to Crypto's many assertions, Munger is an astute investor with a very long record of success. Take note of what he says, and ask yourself whether you should be investing in ARB and other shares like it at all, or at least whether they constitute too large a percentage of your portfolio.
cromw3ll: Seems Arb share price is exhausted, needs to fall lower to get buyers and regain some energy. 100-120p should do it.
Argo Blockchain share price data is direct from the London Stock Exchange
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