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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: 12.00
Bid: 11.50
Ask: 12.50
Change: 0.80 (7.14%)
Spread: 1.00 (8.696%)
Open: 11.50
High: 12.00
Low: 11.50
Prev. Close: 11.20
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.

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.

Read more

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