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ARB Argo Blockchain Plc

3.60
-0.15 (-4.00%)
24 Jan 2025 - 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
  -0.15 -4.00% 3.60 4,207,506 16:35:26
Bid Price Offer Price High Price Low Price Open Price
3.50 3.75 3.625 3.625 3.625
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec USD 50.56M USD -35.03M USD -0.0488 -0.74 26.9M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 O 136,712 3.6333 GBX

Argo Blockchain (ARB) Latest News

Argo Blockchain (ARB) Discussions and Chat

Argo Blockchain Forums and Chat

Date Time Title Posts
25/1/202511:13Argo Blockchain PLC34,778
15/12/202423:34The Argo Blockchain TA & OT thread 11,030
10/3/202314:32ARGO Blockchain PLC 931
03/8/202212:44Argo Blockchain - multibagger52
24/5/202216:57Carnival of sleepy market makers136

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Argo Blockchain (ARB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-24 16:58:543.63136,7124,967.16O
2025-01-24 16:58:543.63136,7124,967.20O
2025-01-24 16:35:263.6010.04UT
2025-01-24 16:21:053.55432,50715,340.16O
2025-01-24 16:19:013.6216,143585.09O

Argo Blockchain (ARB) Top Chat Posts

Top Posts
Posted at 25/1/2025 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 3.75p.
Argo Blockchain currently has 717,250,353 shares in issue. The market capitalisation of Argo Blockchain is £25,964,463.
Argo Blockchain has a price to earnings ratio (PE ratio) of -0.74.
This morning ARB shares opened at 3.63p
Posted at 22/1/2025 18:22 by 1knocker
If anyone feels that ARB's days are numbered and the opportunity to lose money on ARB is therefore coming to an end, I see that Mode Global Holdings (suspended in 2023) is now out of suspension, so there are probably more losses to be made there now. For those who 'invest' in sucker stocks, why confine yourselves to ARB when you now buy Mode as well, and have two.

For over a year before it was suspended I warned punters to cut their losses and get out of MODE (for much of that time, and subsequently, I was saying the the same about ARB. I sold the last few of my ARB at a bit over 12). The Mode mugz called me troll, loaded my posts with downticks, continued to buy, and had lost about 90% of their money by suspension. I guess they are now happily buying yet more Mode shares to 'average down'.

Initially, ARB had a USP. With competent management, and a roll out plan for Texas which was within its financial means (probably a joint venture) ARB could have done very well. In the event, it raised and blew millions, with nothing to show for the money and now looks set to go into insolvent liquidation. A question of 'when' rather than 'if'.

Moonshots are risky. Even the promising ones generally fail in the end. In the aggregate, most investors in penny shares and moonshots lose more than they make.

As I see it, the name of he game is to buy the rumour and sell the news. Be content to take a modest profit, selling before the market wakes up to the time and cost of commercialising the concept, the company fails to raise the necessary capital, or you are diluted to next to nothing. There are mighty few free lunches.

I feel for those who rode ARB all the way to the top, failed to sell and take a damn good profit (or at least to sell enough to take a modest profit and continue with a smaller, free ride, holding) and then rose it down again until they were in loss. As for those who succumbed to FOMO and bought at the top, they have really been skinned. Likewise those who have 'averaged down' - the most sure fire way of multiplying investment losses I know.


Example: 100 shares bought at £10, now trading at £5, percentage loss 50%, money loss £500. That holding topped up with 100 more at £6, and the holding is 200, at a cost of £1600, total holding now worth £1000, percentage loss reduced to about 37%, loss in money increased to £600.

Every purchase must be regarded as a separate transaction, whether it is a new holding or a top up. The merits (or otherwise) of a purchase are unaltered by whether you have made a prior purchase, or whether your prior purchase was above or below the current buying price.

I doubt if many holders would buy ARB if they discovered it now. To my mind it it time, very belatedly, for holders to sell and cut their losses. Something is better than nothing, and there is nothing in the investment rule book which says you have to try to recover your losses in the same stock as the one in which you suffered them.

Every holder has to ask himself 'Is the remaining value of my ARB holding more likely to grow in ARB, or in some other investment?' How many can answer 'ARB is the most promising prospect currently available in the market'?
Posted at 21/1/2025 00:42 by jaknife
Ball Deap,

"I was speaking to a friend at a broker , he said ARB are sitting on 23619 S19J pros with a used value of approximately $35.4m to $47m , if they don’t put them back in service and sell them. Mcap of 35$m, make you own views."

You should dump them as a friend; they can't like you that much if they're giving you such 💩 tips!

1. First and foremost, ARB revalued their BTC miners last year as they were in the accounts at an excessive price. At the interim stage ARB's "Mining and Computer Equipment" was valued at $18.2m,

see note 7 to the interims:




2. That aside, the number is totally irrelevant for ordinary shareholders because ARB has $40m of bond debt. And those bonds currently trade at a mere 31% of par:



ie the bonds are super super distressed

So, even if ARB did manage to sell its BTC miners off at a high price then, after paying $40m to bondholders, there would be a miniscule amount left for shareholders (if anything at all).


3. But it's worse than that, the net balance sheet at the interim stage showed a negative position of -$20.3m and this hadn't changed much after the first placing, which brought net assets to -$19.8m at Q3:



So it seems likely that bondholders and creditors are all going to take a bath if ARB were wound up now and there is zero prospect of *any* payment to shareholders!

Which does make you wonder if the current directors have taken any advice on trading whilst insolvent ... because they obviously are insolvent!


Bearing in mind that, at the current 4.51p share price the market cap is £32.3m, it's easy to see why ARB equity is so massively over-valued and an obvious SELL!

JakNife
Posted at 20/1/2025 15:54 by ball deap
QTB had multibagged in the last few days. ARB due the same, fair value share price 7.4 , top 12-15 share price The 23619 S19J pros will be online soon and hope for a higher BTC price.
Posted at 13/12/2024 18:15 by 1knocker
When the ARB share price is steadily falling, its bonds are almost worthless and BTC is rocketing, what does that tell you about ARB?

Just asking for a friend.

Can you help, master rsi?
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 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 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.
Argo Blockchain share price data is direct from the London Stock Exchange

Argo Blockchain Frequently Asked Questions (FAQ)

What is the current Argo Blockchain share price?
The current share price of Argo Blockchain is 3.60p
How many Argo Blockchain shares are in issue?
Argo Blockchain has 717,250,353 shares in issue
What is the market cap of Argo Blockchain?
The market capitalisation of Argo Blockchain is GBP 26.9M
What is the 1 year trading range for Argo Blockchain share price?
Argo Blockchain has traded in the range of 3.625p to 23.25p during the past year
What is the PE ratio of Argo Blockchain?
The price to earnings ratio of Argo Blockchain is -0.74
What is the cash to sales ratio of Argo Blockchain?
The cash to sales ratio of Argo Blockchain is 0.51
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

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