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The sp is what it is because it’s being artificially held to 7p. That’s why no matter which way it goes (up or down) it then returns back to 7p. As most have noted, ARB used to follow the BTC price fluctuations up until early January. Then all changed and this isn’t normal. What I wouldn’t be doing at the moment is long term investing in banks and credit cards companies who will be firing for survival in the near future once crypto takes a decent foothold.
You're all very defensive, not sure why as what I've posted if very reasonable. I'm invested here, just trying to provide some comment on why the sp is what it is and why we're not attractive to a lot of holders. If you can't accept that then it's not my problem.
I read somewhere over the weekend that Bitmain had stated that the CV has had no impact on what they are seeing. Presumably in both orders and their activities. This also seems to suggest that the Chinese orders are not being impacted yet. But then again, it’s probably too early for orders to be impacted anyway.
ARB are in a great position either way, price goes up , profit up, price goes down , less competitors as other miners go bust.
Reading articles about CV and delays on China exports, it looks like they could be considerable delays on new machines, if CV continues, which again benefits ARB, they have brand new machines , smaller miners have older , less efficient machines.
My earlier post said ' ARB are working hard to deliver outstanding results and communicate these effectively. ' For me, this is key, communicate with the market with outstanding results , the SP will rerate and we will be rewarded.
Totally incorrect statement about the company dying! ARB can be profitable if BTC is at $1000 as mining costs will drop to $500 as weaker miners shut down their operations. The only way ARB dies is if BTC goes to zero or one of the worlds largest miners manages to secure free electricity supply. A BTC price crash only helps ARB as high cost miners shut down and new machine orders fall allowing ARB to buy new machines for discounted prices. I would welcome a BTC price plunge if it allowed ARB to secure a 20-30% discount on a $10m machine order.
The drop in the bitcoin price is the exact reason the sp is what it is. This is a high risk investment, if the bitcoin price crashes, the company dies, simple as that. It's imperative that people understand that. What's then important to remember is the risk and reward.
For example, a 1p dividend would only cost the company around 2-3 months profit and that would equal a yield of 15% of the current sp.
The facts remain, if the bitcoin price holds up eventually the BOD will have to execute a divi or buyback policy at these low sp levels and we should all be handsomely rewarded.
Have a play around on dividend calculators to see how easy it would be for the company to pay a divi without materially affecting growth plans.
Trigger, £1.01 was kind of tongue in cheek. But the essence is true. I don’t believe any shareholders would sell on mass for the current price. We all know how ARB are likely to be doing. We can estimate the mining profitability relatively accurately and based on last years full report we have a pretty good idea what the additional general running costs are. Unless they not reported a disaster of some sort. I think 15-20p is a realistic sp at the moment and if they announce another machine order soon, then you can add to that. And that’s not taking into account the potential BTC run prices. Either way, if a takeover comes it certainly won’t be at these sp levels.
Not sure if everyone has seen this , taken from ADVFN board - jordz79
Yes, see below; 'Thank you for your email and support for Argo, and sorry for the slow reply. We share some of your frustration about the share price and are working hard to deliver outstanding results and communicate these effectively. As our recent announcements highlight, we believe Argo is one the most efficient cryptominers in the industry and we have delivered strong growth since our inception. I would also like to point out that our shares have comfortably outperformed those of the companies you mentioned. Short term volatility in share prices can be influenced by many factors. However, our shares have beaten our peer group by a wide margin over the past 12 months. In terms of communicating with investors and the market place - we plan to release updates more frequently in 2020, and our CEO, Peter Wall, will speak with the media more often. You may have already seen his recent interview. Thanks again for your support, and rest assured we will continue to focus on delivering long term value for shareholders' The Argo Team
Scottman.....I agree but I think not everyone on here would hold out for that sort of offer, I think 10p would be enough for some of more of our short term holders to sell. One positive if someone tried to accumulate 50% of the shares the price would go up anyway. I do think a takeover is the biggest risk to the future of Argo more than the short term swings in BTC price. Nothing changes my view going to keep on the dips and sit back and wait to see what comes at the end of Q2
Align are correct this company’s mk is a joke as they should be mining 10 btc per day consistently now turning over $3 million p/m .. unsure of the exact overheads but my guess would be 1.5 million net profit a month £18 million pa
With regards to a takeover. I’m not particularly concerned at the moment. The only way that would happen would Eva hostile takeover. That means gaining more than 50% of the company’s shares and thus not needing the BODs approval. This can be done by either buying shares directly, which would be difficult as they don’t currently appear on the major shareholders list, or offering a share price to holders that’s attractive enough to sell your shares. For me, and probably all other holders, I ain’t selling for anything less than £1.01 to beat Treks uninflated valuation ;)
Its extremely noticeable that Hive Blockchaine #HIVE has risen near 5 fold in recent wks. Market cap now @ £90m sterling. Recall the share swap with HIVE proposed last yr. U have to assume HIVE mgmnt looking very closely at ARB given value disparity now. Something's going to give...