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Still early days
buying no more , shame how this stock has went , should be so much better
4.25p to buy..rude not to
Wonder if they will re-visit a partnership with Hive Blockchain?
Trigger good to ask for more info and direction on both those. As you know agm agenda has proposals that
1. Give authorit to board to buyback 10% - even though not immediately intending to activate. Personally I would prefer them not to have to do it. But if so remains low then it may be necessary
2. Removes share premium account which clears the way for a divi. Again with no immediate commitment. Considering a 0.5p divi only costs £1.5m... I would think this becomes entirely possible in the next year and I would be in favour. Helps open investment to institutions etc that will only buy divi paying stocks.
Fair point and it definitely follows that it has potential to grow the share price. There seems to be a common misconception that bitcoin is somehow “illegitimate” or “uncertain”, yet the very process used to mine the currency gives it its legitimacy. The sooner people buy into the idea, the bigger the growth potential.
It’s an interesting investment for sure, but no doubt a risk. Wouldn’t be throwing the kitchen sink at if anytime soon but may be worth a small amount.
I bought a few here recently at slightly higher prices as it looks interesting. I take the point about sub scale businesses needing to focus on growth and therefore generally dividends being a poor idea. But in this case the valuation suggests the broader market is somewhat sceptical of this stock and its claims around money making. That scepticism would surely diminish significantly if they paid a decent dividend and grew it year on year.
Personally would rather see a negative response to the dividends question. As a relatively small business I would much rather them reinvest in growth. On that note, I would be interested to know what are the plans (if any) for expansion. I.e, do they plan to bring anyone new onboard or purchase more assets given the extremely low debt to asset ratio of around 16%. Any thoughts on using long term debt to finance future growth? Given the current interest rates, it would appear to be a missed opportunity if not.
Idoit...same thoughts but would include thoughts around buyback and potential dividends. Anyone else got thoughts around subjects to pose questions for ?
Trigger I would encourage everyone to ask their questions... no problem with duplication!
topics I am asking questions on include:
1. Overheads & Depreciation.
2. Payback & life on new kit.
3. Capacity.
4. Coins mined currently & future
5. Director & FD: service contracts, relationships, new NED etc
6. HODLed coins.
7. Loan. Gearing up without excessive risk or costs
8. Dual Listing. I am aware there has been some discussion of this elsewhere. My own view is that both the initial and ongoing costs together with different reporting requirements would make this too costly and onerous.
Idiot...I’m with you not adding anymore as way over my own rules on exposure to a single stock but I do believe in the fundamentals. Just wish it would edge up to 6p in the very short term to make me feel less exposed. It can work it’s way to 20p over the next 12 months !
I take it you’ve got quite a few questions for the AGM ? Fancy sharing on here so can make sure avoiding duplication but also make sure covered all bases ?
Oops Jabber... I misread your question! Half asleep...
My answer was about life of existing kit.
But good to ask about new kit. From the answers I have previouslyheard from Peter I believe they plan to add small orders in future. I.e. 500 to 1000 machines every month or two?
I have encouraged them to make no orders until July
1. Allows halving outcome to settle to see btc price, hashrate/difficulty
2. Also will allow the company to show a strong p&l and balance sheet with their HY figures. Maximum cash at bank, profitability, creditors etc
Trigger... lol!! Yep... it crossed my mind too! I just hope that the pain we have gone through will be rewarded - one day!
I certainly cannot bring myself to sell at these levels and hope we may see new highs in coming year.
I no longer buy as Iin truth i have more than is sensible already. But would otherwise.
Jabberba - feel free to send in your questions via the email address below. I dont think they will be switching off any machines. Afaik they depreciate over a fairly aggressive 3 years for accounting purposes but the life of machines is likely to be around 5 years
How many machines do they plan to have at close of 2020?
Exponential growth would be great but that didn't come across in the interview.
Being as your the only person who attended last years AGM I know of you should have got an invite by virtue of sticking with it !!! Lol
I think the company has already selected the shareholder(s). Presumably first dibs went to the large holders?
Anyway... I have started my list of questions!
Idiot...did I read right in the RNS that 2 shareholders were going to be able to attend the AGM ?
Reminder .. agm 25th june.
The Company will take questions and comments from shareholders via email on: investorquestions@argoblockchain.com and will be posting answers and replies on the Company's website.
I guess it's best to try and get them in say one week before?