Register
Login:
Share:
Email Facebook Twitter


UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme
RESULTS: IFA led wealth managers AFH Financial results show strong growth




Share Price Information for Argo Blockchai. (ARB)


Share Price: 3.00Bid: 2.75Ask: 3.25Change: 0.00 (0.00%)No Movement on Argo Blockchai.
Spread: 0.50Spread as %: 18.18%Open: 3.25High: 3.375Low: 3.00Yesterday’s Close: 3.00

Argo Blockchain Plc Ord 0.1P






Share Price SpacerPrice
3.00
Share Price SpacerBid
2.75
Share Price SpacerAsk
3.25
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
6,618,201
Share Price SpacerOpen
3.25
Share Price SpacerHigh
3.375
Share Price SpacerLow
3.00
Share Price SpacerClose
3.00
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 293.75m £8.81m 15,000

52 Week High 13.10 52 Week High Date 6-AUG-2018
52 Week Low 2.63 52 Week Low Date 14-FEB-2019

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
76 4,623,629 748,812 0.000 0.00 0.00 0.00


London South East Users info for Argo Blockchai.




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

14-Feb-19
09:52:47
2.751
1,000,000
Sell* 
2.75
3.25
27.51k
Trade Type:
Ordinary
Delayed publication
Historical

15-Feb-19
17:07:44
3.00
100,000
 
2.75
3.25
3,000
Trade Type:
Ordinary

15-Feb-19
16:27:24
2.945
7,323
Sell* 
2.75
3.25
215.66
Trade Type:
Ordinary




View more Argo Blockchai. trades >>

Directors Deals for Argo Blockchai. (ARB)
Trade DateActionNotifierPriceCurrencyAmountHolding
03-Aug-18Notification of Holding
Trade Notifier Information for Argo Blockchain
Timothy Le Druillenec held the position of CFO & Executive Director at Argo Blockchain at the time of this trade.
 Timothy Le Druillenec
00437500
03-Aug-18Notification of Holding
Trade Notifier Information for Argo Blockchain
Gil Penchina held the position of Non-Executive Director at Argo Blockchain at the time of this trade.
 Gil Penchina
001000000
03-Aug-18Notification of Holding
Trade Notifier Information for Argo Blockchain
Timothy Le Druillenec held the position of CFO & Executive Director at Argo Blockchain at the time of this trade.
 Timothy Le Druillenec
00437500
View more Argo Blockchai. directors dealings >>


Lazygun
Posts: 393
Opinion:No Opinion
Price:3.00
RE: I don't get it - what's changed?
Fri 22:29
Hmm,
I don’t see how they’d make money mining for themselves, unless their mining costs are next to zero I suppose.

Still disappointing that they’re discontinuing the MaaS offering though

L.
Dan_The_Man
Posts: 13,332
Premium Chat Member
Opinion:No Opinion
Price:3.00
Anyone selling today...
Fri 16:20
...is bonkers

SEE YOU ALL NEXT WEEK
Dan_The_Man
Posts: 13,332
Premium Chat Member
Opinion:No Opinion
Price:3.125
RE: I don't get it - what's changed?
Fri 11:02
Looks like the business had a lightbulb moment and thought hang on, we can make all this money for ourselves and shareholders... Bingo... I think there is more to this...
Purdey
Posts: 892
Opinion:No Opinion
Price:3.125
I don't get it - what's changed?
Fri 10:42
Dec 4th 2018 Mike Edwards said in the rns (when crypto had already had downturned):

Mike Edwards, co-founder and director of Argo, said: "Argo has come a long way since its inception only a year ago. Despite a recent downturn in the cryptocurrency market, we are continuing to experience a strong ramp-up in revenues due to good execution of our growth strategy.

"Our mining packages are being snapped up as quickly as we make these available and demand continues to exceed supply. With a strong balance sheet and prudent management of our investment in growth, Argo's long-term prospects remain bright and we look to the future with confidence."
ResearchAnalyst1
Posts: 36
Opinion:Strong Buy
Price:3.125
Market Anomaly
Fri 09:22
Private investors would be wise to take note:

• Argo Blockchain is currently sporting a market cap of £8.43m (3.15p) whilst its cash balance stands at a staggering £15m.

• Argo Blockchain currently boasts an institutional investor base that is the envy of many micro-caps; Banque Heritage (9.57%), Miton Asset Management (8.51%), Hadron Capital (7.75%), Second Wave Capital (3.99%), Janus Henderson Investors (3.74%), Jupiter Asset Management (3.06%), and Trium Capital Managers (3.1%).

• Argo Blockchain’s company directors, Bixby and Edwards, jointly own 13.17% of the business, so plenty of skin in the game.

• With 77.9% of the company’s shares in private hands, the free float is materially tight.

• The company has advised the market that it’s refocussing its business strategy from being a provider of cryptocurrency mining services to, in essence, a profitable, cash-rich ‘shell’ company that is mining for its own account.

VERDICT

It’s common knowledge in the industry that shares that trade significantly below their cash balances are usually potential takeover/MBO targets, share buyback executors, or special dividend payers.

This is pretty much the picture at Argo. The company’s heavily discounted (to cash) share price not only defies imagination, but is likely to trigger a sharp correction as the market wakes up to this spectacular market anomaly over the coming days.

In the meantime, it’s worth keeping focussed on the likely activities of the BOD and the uber-savvy institutional investor base – who bought into the business at the 16p IPO price in August last year – and who are likely to push hard for a share buyback or special dividend to compensate their investment. This, however, is unlikely to deter potential suitors eyeing the cash pile.

Thus, on all of the above, the company offers an attractive risk-reward play for disciplined, shrewd investors who are prepared to capitalise on this extraordinary market anomaly.
View more share chat for Argo Blockchai. (ARB) >>







Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk











Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.