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
  -13.20 -17.55% 62.00 12,831,163 16:29:12
Bid Price Offer Price High Price Low Price Open Price
61.00 63.00 74.65 58.50 71.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.62 -0.87 -0.20 290
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:47 O 6,715 62.00 GBX

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Date Time Title Posts
24/1/202217:19Argo Blockchain PLC28,905
24/1/202216:14The Argo Blockchain TA & OT thread 10,475
24/1/202213:16Argo Blockchain & Bitcoin - Bapodra Investments10,806
12/1/202211:34Argo Blockchain PLC by Bapodra Investments151
07/12/202115:58Square buys $170M Bitcoin150

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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 75.20p.
Argo Blockchain Plc has a 4 week average price of 58.50p and a 12 week average price of 58.50p.
The 1 year high share price is 332.50p while the 1 year low share price is currently 58.50p.
There are currently 468,082,335 shares in issue and the average daily traded volume is 3,244,767 shares. The market capitalisation of Argo Blockchain Plc is £290,211,047.70.
bapodra_investments: DB - We have been together on many BB's here on ADFVN where we have invested in the same companies. There is nothing wrong with trading shares but I like you am not trading ARB as there are better companies to trade. I too have a long term view like you. I do use 'Overbought' and 'Oversold' indicators but I use that for my own understanding of where ARB maybe in a particular cycle or bullish/bearish trend. I think it is important to pay attention to price. I think we are both in KR1 if memory serves me correct and we both can vouch for the gains we have made (on paper) at least in that company and what we could end up making in KR1 could be a lot higher in the next few years. It is about being patient and not getting bearish every time the price declines sharply and people start predicting the end of a company. ARB has successfully listed on Nasdaq and is building an impressive Texas 200 MW premises on a site which has 800 MW capacity which is no mean feat by any means. That is actually very impressive. ARB's margins are very strong and one of the strongest in the industry and ARB has been profitable. This may take a hit should BTC declines but ARB will continue mining because if and when BTC goes to $100k plus then ARB is going to be worth a higher share price and market cap than present in my view. If ARB's share price goes down to 60p or even 50p then if investors have confidence in the longer term then why should they not purchase more shares? I do not think there is anything wrong with that. If I am wrong then I am wrong but we will let the price action and time confirm that come the next BTC halving event and bull run that follows after May 2024.
bapodra_investments: 1knocker - I do not disagree with you. My worst investment in my portfolio is Coinsilium. If the share price continues its decline that after 5 years of holding it will be back to break even levels. Am I willing to buy more shares in Coinsilium to bring my average down? Absolutely not. I am just about still in profit. Why? I do not have the confidence in the company and its strategy anymore and I do not think they have any meaningful capital to make any serious inroads into the Crypto/Blockchain sector it operates in. For me personally, it is different with ARB. I still have confidence/conviction in ARB and that is why I continue to accumulate more shares during major weaknesses in share price. I cannot predict the future price action accurately so my timing may be out but I still think ARB after the next BTC bull run is going to have a good run. Yes it will have to get an equity raise and yes there it is most likely that dilution will happen but once Texas is up and running and we can assess how many BTC it can mine with a view that BTC will hit $100k in the future after the next BTC halving event then I am still comfortable with ARB. I am more than open to reassessing my confidence/conviction level once the data comes out of Texas in terms of performance and BTC being mined per month. Of course if things play out badly with ARB then I will be the first to hold my hands up and admit I was wrong but with shares like ARB it is all about momentum and sentiment and if that returns because investors think they are getting exceptional value then expect ARB to put in a strong performance in terms of share price appreciation. I respect your view and you could end up being right. I am not discounting that at all but my view is slightly different to you and time will tell who is right but I have openly stated on several occasions my exit strategy for ARB is after the next BTC halving event and the subsequent bull run where I am expecting/anticipating $100k BTC price and that is when ARB can potentially have a bull run in its share price. I will continue to accumulate shares on major corrections/dips/drops. I am not suggesting anyone copy me or follow me on this. Just because I have done this with the likes of Vela and BLU and exited with profits does not mean the same will apply to ARB. I can take this level of risk because the bulk of my holding is for a few pence as otherwise I would not be able to adopt such an aggressive buying strategy in ARB. That is down to my initial timing back in 2018 and I have Vela to thank for that and making me aware of ARB in the first place.
bapodra_investments: runner2018 - I would slightly disagree with you. If you look at how US Tech Stocks are valued and the multiples/premium attached then you may appreciate that it is not unreasonable for ARB to have a higher market cap than what its BTC HODL is worth right now at current BTC prices. Now as BTC prices are declining and if the market thinks BTC prices are going to continue declining then it can have the opposite effect and we have seen the market cap for ARB decline over the past few months to where it is now. If the market thinks BTC will continue declining then naturally ARB's HODL is going to be worth less. The market is a forward discounting mechanism and so ARB's share price and market cap is unlikely to change course until either we see a significant rise in BTC's price or a significant increase in ARB's monthly mining operations/performance or even a combination of both. Once people understand how the valuation of a company can be based on multiples of its future revenues and how market caps are not always in line with company's asset value/revenues then share prices and market caps will or will not make sense at any given time.
bapodra_investments: mmnomis - Hi. Yes but there is no reason why ARB could not obtain such a credit facility through debt financing route in the future should it need to do so. I accept any interest rates could be higher but it is an avenue nevertheless. If ARB start mining more BTC per month when Texas goes live then it may be able to sell a little bit of their BTC now and again to avoid any shareholder dilution but it needs to be mining a lot more than it currently is. I am intrigued as to how many BTC ARB can mine with 3.7 Exahash per month. Once we know that number, it could change the perception of ARB and with it investor/trader sentiment bringing momentum back to the share price. I am bullish both BTC and ARB. ARB are actually mining digital gold of the future and an appreciating asset. In fact ARB are mining the best performing asset in my lifetime. I personally think ARB will reach $100k in the coming 2-3 years. When that happens, if ARB have increased their HODL then ARB is going to be worth a lot more than £300m market cap in my view. I just want to make sure I capitalise on the weakness and accumulate more shares as the price downwards get amplified by the shorters, speculators, traders, etc. What do you think is going to happen when those shorters want to close their positions. They are going to want to take their profits from their shorts at some time. I only invest my profits from my trading in shares likes ARB so even if I lost all my capital then it would not make a difference to my day to day life. I accept that is not the case for others so I would not want anyone to even try and copy/replicate what I am suggesting I am going to do which is buy more shares should they go down to the 60p-70p price level or even 50p. mmnomis - Also if you are a long term investor then like me you will have invested at a few pence so both of us never will have been sitting on losses on ARB. It is those who bought at £2.00 and £3.00 that will be sitting on large losses. People often forget that what we have lost if amount of profit only. Now that could end up being a mistake but only time will tell.
bapodra_investments: Hi Peaky - I am well thank you. I hope you are well and in good health. I too remain bullish but I am bullish longer term. I am actually bearish shorter term. I do not have an exit price as longer term I do not know how high the market could take ARB should it execute its strategy successfully. Just like I had no idea when I invested for a few pence that the market would take ARB above £3.00. I don't actually think £1.50 is an unreasonable price for ARB right now as we get closer to Texas completion and get a better idea of how much revenue ARB can generate per month from its 200 MW facility. I am intrigued to better understand how much revenue ARB will generate per month from Texas 200 MW facility as that is going to be one of the driving factors for ARB's share price. So for example if it was say £20m per month then I would expect a serious re-rate. I think £20m would require a higher BTC price personally but I do not have all the information. I think ARB needs to achieve at least £10m per month revenues to ensure ARB's share price does not crash to lower prices as suggested by a few. All we can do is wait for this information which will help shape our personal views and allows people to make an informed decision.
1knocker: Jackson, you need to think short term with ARB shares. Aim to take a small profit and a quick return. Under no circumstances keep buying merely to average down and build up an uncomfortably heavy holding. Will I wait for 175 before selling my current fairly small holding? I don't know. Ask again if and when the price is 130,140,150. Some would say ARB is one to buy for the very long term. Buy it, forget it it and wait for it to mature into a block buster. I don't agree. Crypto is too new, too fast moving, and ARB's balance sheet far too precarious for that. Moreover, will PW move on, if so will his successor be any good, will ARB see some new opportunity and change its direction, and if so will it be right or wrong to do so? It would be crazy to make a long term crypto bet by going heavily into ARB for the long term. ARB is SPECULATIVE share, in a SPECULATIVE sector. Where ARB will be, or even if it will still exist in 5 to 10 years time is anyone's guess. If a company like Britsh Gas /Centrica could lose 80% of its price in a few years, in a solid utility field, how can anyone confidently extrapolate ARB 's trajectory over the short or longer term? There is a warning in the 202i year end share price competition to those who think they can. About the most useful post anyone could put up at present would be the results of that competition. A dose of reality as regards the likelihood of predictions coming true would be salutary at the beginning of what may well be a volatile year in the markets. Predicting BTC price movements is a mug's game, and the cost of funding Texas is going to be highly dependent upon the BTC price at the critical moments. Sometimes ARB shows a trading range (recently about 118 to 130) but has now broken below that. So I am on the sidelines again. I think ARB should be a decent speculative buy below 80, provided that any drop to that level is BTC sentiment driven and not caused by Capex funding pressure on ARB. If ARB ends up having to raise capital at a bad time (it is a great shame that it has narrowed its options and put itself at the mercy of the market by failing to negotiate a loan facility last year when the sun was shining)I doubt I would want to buy at any price until the capital raise was complete and I could asses the value of what I would be buying. Better to by a at a slightly higher price after the dust has settled than guess at bottoms with something like ARB.
bapodra_investments: 1knocker - I tend to agree with you. I think the next equity raise is likely to be dilutive and hence investors should be mentally prepared for that and have a plan in place on how they deal with that. I think selling ARB's BTC HODL when they have less BTC HODL than their US Peers would be a mistake and would have a negative impact on ARB's valuation especially in a scenario where BTC's price is declining. They could try the Galaxy Loan route and put up their BTC and pay 10.75% interest but how would they make these payments? Last time they had to get an extension and use the Nasdaq raising to pay the loan off. I am not sure the market would stomach that again. PW and ARB have some difficult financing decisions to make and there is no magic answer and that is why I think there could be shorter term share price weakness as BTC is no where near the $100k that people were suggesting with the likes of S2F and Blonity, Plan B and others being mentioned. The other option is debt financing. This is something which I feel ARB may have little choice but to look at. My only concern is how they make any repayments against the debt financing? They do not have revenues/profits coming in as all this is based on fair value accounting principles. I think those that were going to sell have sold hence ARB has a sideways range bound price action and has been consolidating which can clearly been seen on the chart. The question now is will new investors come on board or existing investors add to their positions to take ARB's share price higher? Until that happens the short term prospects of the share price rising are less likely. I can only really see £1.20 upside in the short term based the charts (daily timeframe). This leads equity raise as the only realistic/viable option for me. I see dilution risks in 2022 and the question for me is at what price (discount) will any equity raising be at? At the moment it could be around 80p - 90p which would not be too bad but anything like 50p - 70p and the share price could see another leg downwards. If that happens investors need to have a plan on how they deal with such events.
bapodra_investments: 1knocker - I think the reason you articulate is one of the reasons why there is pressure on the share price and with a market cap of £450m that reason is a valid one. ARB is not a one way bet and nor is it guaranteed that ARB's share price will rise significantly in the shorter term. If ARB gets Texas up and running by 31st March 2022 and provides some clarity in terms of financing going forwards which I think will come in 2022 as it will simply have to then at that point we will have to see where ARB is. PW has eluded in his last interview that news will be coming soon in regards to non mining investments that ARB are going to make or have made and has not been confirmed/announced via RNS. This should fall in first quarter of 2022 as well possibly. 80p still key price area for me. If that gets breached then we could see share price weakness and if it holds then it could form the base of any potential next leg upwards. Let's see as all to play for. 1knocker - You are right that the competition (US Peers) are not standing still so if ARB does not get a move on then it may get left behind as more capital is provided to US BTC Miners. ARB have listed on Nasdaq to raise those large sums of capital so lets see if it can. There will be dilution in my view which could cause the share price to decline so if that happens but ARB raises large capital then I will accumulate more shares if I still have the confidence/conviction in the company.
bapodra_investments: 1knocker - Yes the other thread is very quiet and the fact that this thread has as many posts as that thread which had several months head start tells you everything. This is a balanced thread and I try and be as balanced as I can both bullish and bearish depending on the price action at any given period. I may be bullish long term BTC and ARB but that does not mean I cannot be bearish shorter term based on BTC and ARB's price action. The simple fact is that ARB's share price and market cap got way ahead of itself based on speculative capital and it is now unwinding back towards some reasonable metric. ARB is looking likely to deliver £100m revenues in 2022 and if it does that then is a £500m market cap unreasonable? I don't think it is based on some of the premiums attached to tech shares in the US. This would only be a market cap five times its annual revenue which is nothing. If ARB can generate £200m revenues per annum from Texas and 200MW facility then £1bn market cap is not unreasonable. The problem is that ARB reached £1bn market cap when its revenues were only £30m per annum and now we are seeing all this unwind hence ARB's price behaviour. Once the unwinding is complete, ARB, will begin to re-rate but not until any fall has concluded. Now that could mean 80p being breached and we could see lower share prices. I think 80p is important due to equity raise done at that level. I think if 80p gets breached then it could go lower as panic selling takes place and mad rush to get out with investors taking losses. That there is normally the opportune moment to buy as long as ARB's performance is on track in terms of revenues/profits. If 80p holds then that is another good price level to buy more shares but this is only my personal view.
bapodra_investments: If you look at the 'daily' timeframe for BTC then you will see a 'GAP' which has not been filled yet. It is around the $32.5k to $33.9k price zone. This is my current downside risk scenario at the moment for BTC. If this move transpires (no guarantees) then it will drag ARB's share price down with it in my personal opinion. We have 1 day left before 31st December 2021 and BTC is no where near $100k and nor is it at or above its previous ATH price. The chart seems to suggest the ATH for BTC in this bull cycle may be in but with the US Fed announcing around x3 interest rate rises after 31st March 2022 then the first Qtr of 2022 becomes key now. This also coincides with Texas being up and ready. ARB's share price could already be in the consolidation phase along with BTC and there could be weakness and range bound price behaviour for longer than we think. The moving averages for BTC on the daily are not supporting an uptrend and if anything it is looking pretty bearish. I have made the point numerous times that ARB's financials and monthly performance reports can be disconnected to the share price. One of the reasons is that so many investors, traders, speculators and the herd drove up the price and market cap to unrealistic levels which were not sustainable and the decline was inevitable regardless of increase in profits and excellent margins being reported. This is because the share price moves on supply/demand & buyers/sellers at any given moment and not necessarily the monthly revenues being reported on a fair value accounting basis.
Argo Blockchain share price data is direct from the London Stock Exchange
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