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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

London Stock Exchange
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Share Price: 11.75
Bid: 11.50
Ask: 12.00
Change: -0.40 (-3.33%)
Spread: 0.50 (4.348%)
Open: 12.00
High: 11.60
Low: 11.60
Prev. Close: 12.00
ARB Live PriceLast checked at -

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TRADING UPDATES: Argo Blockchain, HC Slingsby suffer profit drops

Wed, 18th May 2022 17:57

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Argo Blockchain PLC - London-based cryptocurrency miner - For the first quarter of 2022, pretax profit plunges to GBP1.5 million from GBP19.3 million the same period a year before, driven by a change in the fair value of digital currencies, with a loss of GBP4.6 million compared to a gain of GBP13.2 million. Revenue meanwhile grows 9.6% to GBP14.9 million from GBP13.6 million, due to a rise in the hashrate in spite of lower bitcoin prices. Total bitcoin mined increases 21% to 470 bitcoin from 387 a year prior.

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HC Slingsby PLC - Shipley-based industrial and commercial equipment distributor - For 2021, pretax profit drops 25% to GBP822,000 from GBP1.1 million the year before, on revenue which declines 9.2% to GBP19.8 million from GBP21.8 million, due to a decline in demand for Covid-19-related products. Due to continued uncertainty, the company does not recommend a final dividend for 2021, in line with the year before. Looking ahead, for the first quarter of 2022, sales grow 4% year-on-year.

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Science Group PLC - Cambridge-based science-focused product development company - Reports strong start to 2022, with performance in April ahead of management expectations. As a result, for the first half of 2022, company expects adjusted operating profit to be 20% higher year-on-year. As at April 30, gross cash stands at GBP38.4 million.

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ZAIM Credit Systems PLC - Russian focused fintech company - For 2021, reports net interest income at GBP9.4 million up from GBP4.8 million, leading to a swing to pretax profit of GBP801,497 from a loss of GBP614,519.

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EKF Diagnostics Holdings PLC - Cardiff-based diagnostics and central laboratory assay maker - Trading in first quarter of 2022 is strong with revenue in line with the same period in 2021, and is on-track to deliver full-year results in line with current market forecasts.

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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - For the six months ended March 31, pretax loss widens to GBP5.1 million from GBP3.3 million the same period a year prior, on higher operating costs related to the launch and roll-out of Ectosan Vet and CleanTreat. Meanwhile, revenue grows 32% at GBP79.2 million from GBP59.5 million as a result of a strong performance from all areas, particularly Advanced Nutrition and Genetics. Looking ahead, company is currently trading in line with expectations, and has a strong outlook for salmon egg sales for the rest of the year.

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Cornish Metals Inc - Vancouver, Canada-based investment firm - For the year ended January 31, the company's loss widened to CAD2.9 million from CAD1.6 million the year before, due to total operating expenses rising to GBP3.0 million through professional fees and a widened foreign exchange loss.

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Jersey Electricity PLC - electricity supplier in Jersey - For the six months ended March 31, pretax profit drops 33% to GBP7.0 million from GBP10.5 million the year before, as revenue declines 3% to GBP65.0 million from GBP67.1 million, as a result of lower unit sales of electricity, due to lower domestic consumption associated with less homeworking linked to the pandemic. Declares interim dividend of 7.60 pence per share, up % from 7.20p a year prior.

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Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - For the first quarter of 2022, net loss widens to CAD21.5 million from CAD16.8 million the same period a year prior, in spite of revenue more than doubling to CAD18.4 million from CAD6.4 million. While gold produced dipped to 6,653 ounces from 6,796 ounces, however gold sales rise sharply to 7,876 ounces from 2,924 ounces.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Jan 2023 13:08

IN BRIEF: Argo Blockchain regains compliance with Nasdaq listing rule

Argo Blockchain PLC - London-based cryptocurrency mining - Receives a letter from Nasdaq stock market in New York, saying Argo Blockchain has regained compliance with a Nasdaq listing rule. Nasdaq had informed Argo Blockchain on December 16 that its American Depositary Shares had not maintained the minimum bid price of USD1.00 over the previous 30 business days. To regain compliance, Argo Blockchain had to do so for ten consecutive trading days. This requirement was met on January 13. Each ADS represents 10 Argo Blockchain shares.

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12 Jan 2023 06:54

IN BRIEF: Argo Blockchain bitcoin mining hurt by US snow in December

Argo Blockchain PLC - London-based cryptocurrency miner with operations in Texas and Quebec - Mines 147 bitcoin and bitcoin equivalents in December, down from 198 in November, as its Helios facility in Texas voluntarily reduces power consumption in response to a severe winter storm in the US. Mining revenue during the month is USD2.5 million, down from USD3.5 million in November, taking into account bitcoin price movements. Mining margin is 48%, up from 29% in November. As of the end of December, Argo Blockchain holds 25 bitcoin and 116 bitcoin equivalents.

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29 Dec 2022 09:40

SMALL-CAP WINNERS & LOSERS: Argo Blockchain falls as deal closes

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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29 Dec 2022 08:50

LONDON MARKET OPEN: Sea of red as investors fret over Covid in China

(Alliance News) - Stock prices in London opened lower on Thursday amid risk-off sentiment across Europe, as concerns grew about rising Covid cases in China.

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29 Dec 2022 08:00

IN BRIEF: Argo Blockchain completes USD65 million deal in Texas

Argo Blockchain PLC - London-based blockchain technology - Says now has closed its deal with Galaxy Digital Holdings Ltd. On Wednesday, Argo Blockchain said it had entered an agreement for a subsidiary to sell its Helios Facility in Dickens County, Texas to Galaxy Digital for USD65 million. Argo said the subsidiary also will refinance asset-backed loans with a USD35 million loan from Galaxy. The loan will be backed by Argo's fleet of 23,619 Bitmain S19J Pro cryptocurrency mining machines currently operating at the Helios site. The company said Galaxy has agreed to host Argo's mining machines for a two-year period, but they will remain owned by Argo.

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28 Dec 2022 12:15

LONDON MARKET MIDDAY: FTSE 100 rises with positive 2022 in sight

(Alliance News) - Stock prices in London were higher at midday on Wednesday, with sentiment remaining upbeat as investors looked to the year-end after the Christmas break.

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28 Dec 2022 10:48

Argo Blockchain to sell facility to Galaxy Digital for USD65 million

(Alliance News) - Argo Blockchain PLC on Wednesday said it has entered into an agreement for a subsidiary to sell its Helios facility to Galaxy Digital Holdings Ltd.

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28 Dec 2022 09:37

SMALL-CAP WINNERS & LOSERS: Argo Blockchain up on USD65 million sale

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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16 Dec 2022 21:54

TRADING UPDATES: Chesnara confirms completion of Conservatix contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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12 Dec 2022 21:54

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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9 Dec 2022 15:26

Argo Blockchain shares suspended by FCA; November mining revenue falls

(Alliance News) - Argo Blockchain PLC shares on Friday were temporarily suspended from trading by the UK Financial Conduct Authority as the company reported a decrease in November revenue.

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31 Oct 2022 20:49

IN BRIEF: Argo Blockchain warns on future as cash raise cancelled

Argo Blockchain PLC - London-based blockchain technology company - Says a GBP24 million fundraising from a strategic investor is no longer likely to go ahead under previously announced terms.

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31 Oct 2022 09:25

Argo Blockchain fundraising falls through, shares tumble

(Sharecast News) - Argo Blockchain shares tumbled after the cryptocurrency miner said a planned fundraising had fallen through.

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11 Oct 2022 13:03

Argo Blockchain shares fall as mines fewer bitcoins than last month

(Alliance News) - Argo Blockchain PLC on Tuesday said it mined less bitcoin in September than the month before as it faced increases in "average network difficulty" and the continued impact of high electricity prices.

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7 Oct 2022 10:38

Argo Blockchain aims to strengthen books against strong headwinds

(Alliance News) - Argo Blockchain PLC on Friday announced several actions to strengthen the company's balance sheet as it faces headwinds from rising energy prices and falling bitcoin prices.

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