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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

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Share Price: 12.00
Bid: 11.50
Ask: 12.50
Change: 0.30 (2.56%)
Spread: 1.00 (8.696%)
Open: 12.25
High: 12.25
Low: 12.00
Prev. Close: 11.70
ARB Live PriceLast checked at -

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TRADING UPDATES: Foresight, LendInvest report annual rise in funds

Fri, 08th Apr 2022 11:13

(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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Foresight Group Holdings Ltd - infrastructure and private equity investment manager - As at March 31, total asset under management up 21% year-on-year to GBP8.7 billion, while funds under management rise 27% to GBP6.5 billion, mainly on organic growth. Total net inflows and performance for the year rise 57% to GBP1.5 billion from GBP900 million. Core earnings before interest, tax, depreciation and amortisation and revenue are set to be in line with management expectations.

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LendInvest PLC - London-based non-bank mortgage lender - For the year ended March 31, platform assets under management - which represents deployed capital - increases 36% to GBP2.15 billion from GBP1.57 billion, through strong demand for the company's Buy-to-Let offering. In addition, funds under management which reflects committed and deployed capital rises 18% year-on-year to GBP2.94 billion from GBP2.49 billion. Due to the levels of FuM over Platform AuM, and in spite of an increased inflationary environment LendInvest expects pretax profit to be in line with market expectations.

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Argo Blockchain PLC - London-based cryptocurrency miner - In March, mines 163 bitcoin, up from 135 BTC in February, meaning that mining revenue for March amounts to GBP5.2 million, up from GBP4.2 million. As at the end of March, the company owns 2,700 bitcoin. Argo also announces the appointment of Seif El-Bakly as chief operating officer.

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Premier Miton Group PLC - London-based asset manager - As at March 31, closing assets under management at GBP12.8 billion, down 7.9% from GBP13.9 billion at the end of December, as net outflows for the second quarter come to GBP216 million from open-ended funds.

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Ethernity Networks Ltd - Israel-based networking and security company - For 2021, pretax loss widens to USD9.2 million from USD6.3 million the year before, driven by an increase in research & development costs and lower gross margin percentage. Meanwhile, revenue grows 42% to USD2.6 million from USD1.8 million, through recent contracts signed, and orders received on customer deployments. Looking ahead, expects significant revenue growth from its FPGA-based programmable system and FPGA SoC, with 2022 contracted revenue standing at USD4.3 million, and USD5.0 million for 2023.

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Vp PLC - Harrogate-based equipment rental firm - For the period since its interim results were issued at the end of November, the company maintains its recovery in trading performance with its core markets of infrastructure, construction and housebuilding providing increasing levels of demand, leading to anticipation of the company's annual results coming in line with management expectations.

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Ramsdens Holdings PLC - Middlesbrough, England-based financial services provider and pawnbroker - For the six months ended March 31, expects to report pretax profit of around GBP2 million, swinging from a loss of GBP133,000. This is due to a recovery of foreign currency volumes with the easing of international travel, and more than 50% growth in jewellery retail revenue on improved merchandising. As at March 31, pawnbroking loan book rises to GBP7.5 million from GBP5.7 million.

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NFT Investments PLC - invests in non-fungible tokens - For 2021, pretax loss widens to GBP2.8 million from GBP39,704 in 2020, due to costs related to the valuations of warrants issued and two separate fund-raising rounds related to the company's IPO. During the year, made seven investments, however generates no revenue due to being a start-up business.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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

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5 Feb 2024 09:18

Argo Blockchain shares drop on Bitcoin production falling in January

(Alliance News) - Argo Blockchain PLC on Monday said Bitcoin production fell in January, blaming a fall in hashprice and weather affecting its facilities.

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8 Jan 2024 12:39

IN BRIEF: Cellular Goods interim CEO Darcy Taylor resigns on Monday

Cellular Goods PLC - London-based cannabinoid skincare manufacturer and carbon sequestration service developer - Announces resignation of Darcy Taylor from position as chair and interim chief executive officer. Appoints Michael Edwards as executive director with immediate effect. Edwards has over 20 years of technology investment experience, and was co-founder of the Argo Blockchain PLC and NFT Investments PLC digital asset companies.

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8 Jan 2024 08:43

Argo Blockchain raises GBP7.8 million in placing; December revenue up

(Alliance News) - Argo Blockchain PLC on Monday said that funds raised through the share placing would be used to repay debts, after closing out 2023 with a "strong performance".

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4 Dec 2023 10:50

Argo Blockchain mining revenue up in November as mines more bitcoin

(Alliance News) - Argo Blockchain PLC on Monday reported an increase in bitcoin mined as well as revenue growth.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

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14 Nov 2023 14:21

TRADING UPDATES: Byotrol interim sales flat; Argo loss narrows

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

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3 Nov 2023 09:59

IN BRIEF: Argo Blockchain mines more bitcoin in October than September

Argo Blockchain PLC - London-headquartered cryptocurrency mining company - Mines 143 Bitcoin or Bitcoin equivalents, or 4.6 Bitcoins per day, in October. This compares to mining 136 Bitcoin or Bitcoin equivalents or 4.5 Bitcoins per day in September. Says daily production up 2% in October from September, despite a 7% increase in the monthly average network difficulty in October to September. Says this is primarily due to fewer hours of economic curtailment at Helios in October. October mining revenue is USD4.3 million, up 19% from USD3.6 million in September.

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5 Oct 2023 11:09

Argo Blockchain mines more bitcoin in September on power credits

(Alliance News) - Argo Blockchain PLC on Thursday reported an increase in bitcoin mined during September, which it attributed to significant power credits from economic curtailment.

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8 Sep 2023 13:56

Argo Blockchain mines less bitcoin in August on economic curtailment

(Alliance News) - Argo Blockchain PLC on Friday reported a reduction in bitcoin mined during August, which it attributed to economic curtailment at its mine in Texas.

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29 Aug 2023 10:10

Argo Blockchain reduces debt but Bitcoin decline hits revenue

(Alliance News) - Argo Blockchain PLC on Tuesday said it reduced its debt during the first half year as its interim loss narrowed, but that various cryptocurrency headwinds caused revenue to fall.

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4 Aug 2023 09:30

Argo Blockchain hails hashrate capacity while mining falls in July

(Alliance News) - Argo Blockchain PLC on Friday celebrated a return to growth in its total hashrate capacity in July, despite mining less bitcoin compared to June.

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19 Jul 2023 09:52

IN BRIEF: Argo Blockchain raises GBP6 million to pursue growth ideas

Argo Blockchain PLC - London-based cryptocurrency miner - Raises GBP5.1 million in placing of 51.3 million shares at 10 pence per share with institutional investors by Tennyson Securities. Retail investors subscribe through PrimaryBid platform for a further 6.2 million shares at the same price, adding GBP616,000. Total raise brings in around GBP5.8 million. The placing price represents a discount of 26% to Tuesday's closing price and 14% to the stock's 30-day average. The new shares are equal to about 12% of the company's total prior to the offer.

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18 Jul 2023 18:12

TRADING UPDATES: Luceco says first-half ahead of expectations

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

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12 Jul 2023 10:54

Argo Blockchain crypto mining falls from operations and network issues

(Alliance News) - Argo Blockchain PLC on Wednesday said bitcoin or bitcoin equivalents, or BTC, mining production fell in June from May, due network difficulties and issues at its mining facility in Texas.

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