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
  4.00 2.68% 153.00 2,537,263 16:35:16
Bid Price Offer Price High Price Low Price Open Price
150.00 155.00 155.00 147.50 155.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.62 -0.87 -0.20 584
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:46 O 51,556 151.045 GBX

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16/9/202122:46The Argo Blockchain TA & OT thread 9,172
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26/8/202107:36Argo Blockchain PLC by Bapodra Investments5

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Argo Blockchain (ARB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-16 16:21:03151.0551,55677,872.76O
2021-09-16 15:45:37151.7915,00022,768.50O
2021-09-16 15:40:47151.6051,55678,158.90O
2021-09-16 15:35:16153.0033,49651,248.88UT
2021-09-16 15:29:29150.185,0037,513.41O
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Argo Blockchain (ARB) Top Chat Posts

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 149p.
Argo Blockchain Plc has a 4 week average price of 112.50p and a 12 week average price of 82.50p.
The 1 year high share price is 332.50p while the 1 year low share price is currently 4.45p.
There are currently 381,832,335 shares in issue and the average daily traded volume is 4,200,803 shares. The market capitalisation of Argo Blockchain Plc is £584,203,472.55.
warthog7: Clearing out some weak hands in the U.K. as ARB share price moves up, we’ve switched back to the US leading the price forward. Not sure when the actual IPO price paid is taken in the US. We know the process started at $1.84, might we see some broker support going into next week, if indeed we list on Thursday and they take a Wednesday close price for the IPO value. Giving it a nudge to say $2.50 would get an extra $46m.
1knocker: Thanks for clearing that up band flex. I have to agree that this is a marvellous, even a miraculous, deal for ARB. Man bites dog. Short term borrower takes its lender to the cleaners. If BTC falls to or below the floor price. ARB does not repay, and receives a gift of part of the loan and interest (which the clever PW can use to buy BTC at a knock down price if he so choses); if ARB does not repay the loan and interest on the due date, and the security is enforced by Galaxy when the value of the BTC given as security exceeds the amount of the loan and interest, the loan is paid off and ARB receives the surplus after sale of the security; if ARB repays the loan and interest on the due date, it keeps its BTC (which will be no problem even if it has to borrow elsewhere to repay the loan and interest if the price of BTC is sky high). ARB can repay or not, if and when it choses, because non-payment on the repayment date is not a default. Win, win, win, win for ARB. Poor old Galaxy, which has to pray both for a BTC price over the ceiling and that ARB, contrary to its interest, does not repay on the due date. I am beginning to think that £36 ARB price prediction sounds conservative.
qs99: great find Warthog, thanks mate. Newsflow in September key for ARB share price IMO....am also worried about stock market itself per se....these supply chain issues, approaching winter, climbing a wall of worry is fine but are we due a correction on a wider market basis? let's see.... GLA
bapodra_investments: Argo Blockchain PLC - Analysis by Bapodra Investments ----------------------------------------------------- If you look at the daily timeframe then ARB has support at the 82p - 85p price area. This was around July 2021 period. Since then in August 2021 it found some support around the £1.10p - £1.15p price area. I beleive it will find a support area in September 2021 which will be above £1.10p before the next move upwards. The price support areas are rising. This is important as since the ATH was made ARB had been in a downtrend and there are now signs that this could be the start of a reversal. If you look the monthly and weekly timeframes and then it will demonstrate that ARB is consolidating with some sideways price movement which is within a price range. This is actually healthy in my opinion. Parabolic move upwards normally include speculators, traders and the herd making the price shoot up and when they exit making the price come back down again. The RSI is around 51 so no where near 70 and therefore ARB is not at overbought levels. The volume has been low recently and supports this. The MFI is around 45 so no where near 80 which also supports the view that ARB is no where near overbought levels. These signals indicate that there is growth potential in the share price should demand increase from investors/traders. I do not like the set up of the moving averages for ARB at the moment. They are not what one would see in a bullish set up but ARB is trading above its 20 and 50 DMA's. It is just below its 100 and 200 DMA's. For me the first part of any bullish set up is that the price is trading above all its moving averages and ARB is not there yet and we are in September 2021. This needs to change this month for me followed by the curves sloping upwards in October 2021 for BTC to have any chance to hit $100k by the end of December 2021. Yes BTC can move quickly and sharply upwards as we have seen in the past but if the wider stock markets corrected sharply and we saw 'Risk Off' rather than 'Risk On' then ARB's share price could decline. Now personally that would not bother me as I would be looking to accumalate more shares as I am a long term investor in ARB and I see a different bigger picture than others. So this scenario, I would actually welcome. What I have tried to do is offer a balanced rationale behind my views and thoughts. What I will not do is make pie in the sky predictions like $100k by the end of December 2021 based on nothing to support/back it up.
bapodra_investments: One_Frankel - I know this will sound arrogant but I am really not concerned about the economic outlook. I only invest from my trading profits and only invest what I can afford to lose. My investments do not affect my day to day lifestyle and therefore I welcome any price crash and dire economic outlook as history and my own personal experience tells me they are the greatest opportunities to invest at far low prices than would otherwise be possible. There is no evidence that ARB have been haphazard but I totally understand why some would think that. I am not saying they have not been but the simple truth is we will all have different views and opinions. What I would say is that ARB could have communicated things far better with more clarity behind rationale based on their own strategic direction but no company is perfect and ARB are relatively inexperienced when it comes to expectations of a company that has bigger aspirations. Any major weakness in share price, I will be accumalating regardless of economic outlook. The only thing that would change my mind is if I felt that BTC in the future would not go to $100k but I think this is still very much possible. I have always said that I am thinking about the next BTC halving event and the subsequent bull run that follows. If you look back at my historical posts (or you may remember) and nothing has changed. Yes some got excited about $100k this year and I really do not know if that will happen or not. I am looking at the bigger prize and where ARB will be in the future once it lists on Nasdaq, gets more investors on board, potentially gets more heavyweights to invest and Texas is up and running and funded for. The risk is that ARB does not succeed in this and BTC price declines below $20k or even lower. If that happens then I will have got it wrong and if that is the case then I will lose what I can afford to lose without my lifestyle getting affected. When sentiment is negative and confidence is waning, it can be a great opportunity to invest if you have confidence/conviction in the company. Yes ARB could fail miserably but I believe Bitcoin will continue appreciating and if ARB are mining BTC which is appreciating in value then I am confident its share price will be a lot higher. I have been an investor for several years in Argo when there was no Texas on the agenda and the BTC price was far far far lower and I did not waver then and I am certainly not going to waver now unless BTC is doomed for failure and ARB do not list on Nasdaq or get Texas funded and up and running.
wisteria2: Always expect the unexpected, btc could very likely hit both the perimeters, my bet is up near the $100,000 firstly. Which will have the effect of dragging the ARB share price kicking and screaming around £3.50.. gla
bapodra_investments: Now back to Argo Blockchain and Bitcoin. I think it is important for investors to expect a rather large correction/dip once BTC confirms its ATH for this bull cycle. This will be prior to the next BTC halving event so any investing/trading strategy needs to be fully aware of this. I think ARB paying Galaxy the $20m loan by December 2021 will be a positive (if it achieves this) but I would just like some more detail on how it is exactly going to do this and when. I think Nasdaq listing is a positive and a must regardless of what one thinks of ARB right now. Nasdaq is the home of the greatest tech stocks around the world and ARB needs to listed on there if it has superior growth aspirations. Texas is now becoming a BTC mining hub as it is trying to take over from China. ARB is building a facility in Texas so this is a positive too. Yes funding details have some uncertainty right now but if ARB can be more clear and clarify matters on this in due course then that too will be a positive. If BTC hits $100k and above in this bull cycle then $250k becomes more likely in the next bull cycle. If this plays out in the coming years then ARB will be mining an asset which is going to significantly grow in value and therefore the revenues/profits are going to be remarkable. Once the market is convinced that ARB can deliver on its growth aspirations there will be a re rate and that should see ARB's share price a lot higher regardless of whether one thinks the valuation is reasonable or not. Growth shares on Nasdaq in a profitable market like BTC mining is going to lead to a market cap which may not make sense to some if you look at it from just an accounting perspective but I am very bullish on ARB longer term. However, it is important that shareholders/investors have a balanced view and do challenge the company in which they have invested in if something does not make sense or more clarity/detail is required.
bapodra_investments: 1knocker - I do see the growth strategy for ARB. I have no issue with that but it is the 'Execution Risk' which is the elephant in the room. Can the growth strategy be executed effectively? This is what we will all find out in due course. ARB's PR always has a bullish spin and I totally understand why. They want to attract more investments and garner more support for the company so it is in their interests to provide any information in the most positive bias possible. If ARB is super successful and the share price rises significantly from its ATH then they can get away with it. Remember some clueless people will have bought near the ATH and are nursing rather heavy losses. If they do not see a significant rise in the share price then I am afraid the lack of clarity and just pure honesty in the information they provide their investors will prove to be a problem in my view. I have no issue with ARB selling 61 BTC for $2m if they explain that they needed the funds for working capital purposes and this needed to be in FIAT currency or it was for the Galaxy Loan. I would understand but to say due to favourable conditions when potentially we are at the start of a very big move smacks of desperation financially. As you say one should not bet the farm on ARB. This is why I have a diversified Crypto/Blockchain share portfolio and my biggest investment is in KR1 PLC which I still think is the No.1 UK listed Crypto/Blockchain share in terms of the BoD and how it is run. ARB may or may not overtake it in the future but right now KR1 PLC is No.1 in the UK for me.
bapodra_investments: We are in September 2021 and BTC still struggling to breach $50k and in my view this is due to the resistance price points which I am sure you can all see. If you look at the 4 Hour timeframe you will see more clearly the current range bound sideways price action playing out. It is there for all to see. The assumptions I made (not all will be 100% correct) is showing BTC is playing out like I assumed it would. Yes not exact but there or thereabouts. Please do look at the 4 hour timeframe. I am expecting a breakout this month (I cannot predict exactly when this month) where BTC will move into the $50k to $60k price range before it tests its ATH. If I am wrong then so be it. I am not worried or scared of being wrong. I am human after all. I read somewhere only today that BTC is not going to breach its ATH just to go say 10% above it. When I read this I thought that was a very interesting point. BTC could demonstrate a powerful move which leads it to at least double from its ATH but again this is not certain. All eyes will be on ARB over the next week to see if ARB finally takes off or where it is going to be rather turbulent for its share price. I do not know but I am still bullish as ARB is mining an appreciating asset which is destined to be a lot higher in the future. Bitcoin is not going to die any time soon or go to zero and therefore ARB is mining the fastest growing asset in the world. This makes me super bullish for ARB going forwards but like all great investments, patience is required. I bought some Coinbase shares recently because at less than $50bn market cap (when I bought) if Crypto goes to another level and more mainstream then Coinbase is going to be one monster of a stock. $100 bn - $500 bn market cap is not unrealistic in future years. That may be 5-10 years away or even longer but I am a long term capital growth investor so I am more than happy to hold my investments and accumulate on any weakness. In a way I am glad I did not buy at IPO as it declined heavily as investors pre IPO took their nice profits whilst those who invested at IPO levels are currently nursing losses on paper if they have not sold. Some will have got scared and sold at a loss but those with patience/confidence who are accumulating on dips/corrections will be rewarded in the future in my personal opinion. If US tech stocks take a rather large tumble (this is possible) then I am more than happy to accumulate more Coinbase shares if and when that happens with a long term view in mind.
bapodra_investments: PW is a smart cookie. He knows there is uncertainty amongst the investor base when it comes to Argo's share price. He will never waste any time releasing You Tube videos and arranging investor meetings/presentations, etc. PW needs the share price to be robust and he cannot afford investors in the UK losing confidence and selling resulting in a big drop for the share price. He will do everything he can to encourage investors and give them the confidence that Argo is on track in its growth trajectory. It is up to us to decide whether we have the same confidence or not. I am still bullish for Argo's share price long term and nothing so far has changed my view. I do accept that the likes of MARA, RIOT, HIVE et al do have an advantage being listed in the US which enables them to maximise the capital they can raise from the market. We have just seen the likes of Fidelity and Blackrock (two giants/heavyweights) invest in US BTC mining companies and this is what ARB is missing out on and therefore it is not in the same league at the moment but that may be about to change. I am still expecting ARB to make investments in other Crypto/Blockchain companies and expand its portfolio to protect itself when the real downturn in BTC arrives after it makes/confirms its ATH in this bull cycle.
Argo Blockchain share price data is direct from the London Stock Exchange
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