The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The ongoing discussion as to how ARB SP is impacted by BTC is a bit overdone is it not? It's no different to any other industry where a company is mining/sourcing a commodity. If the value of the commodity goes up or down then this obviously has a fundamental impact on the company that has access to it. I see BTC price as the foundation to ARB with the other bits of news (increased capabilities, access to new investors etc. as the add ons/extra value).
Since 29th December it's been known that in a number of days ARB would be uplisted and happy days it's happened. The benefits? Well this morning i'd say (currently) it's resulted in less of a sell off that we've seen the last couple of days and has kept the SP hovering above 100p and it will be interesting to see what happens this afternoon as we near the US opening.
The uplisting for me does have an additional added value (yet to be realised) in that it opens the doors for more investors (as PW has mentioned). More potential investors buying up shares should help to increase the SP but it'll be the added value as i've mentioned and not 50p gains here and there (I hope i'm wrong).
There's some really good posts on here and it's the reason I joined after investing a few weeks ago but there is a lot of noise. As i've not got my "life" riding on this whether I win or lose perhaps it's easier to be a bit more objective. If people can step back and do the same we'll all see the benefits through a mutual understanding and recognition of when to get on/get off the train.
Looks as though it won’t be today that the RNS is released regarding the uplisting. I believe PW/Argo on Twitter said this would be released prior to the U.K. opening? And we’ve now passed 0700.
No huge drama, they’ve said to expect an exciting month and I’m sure it will be. 36k+ BTC at the moment and a reasonably good finish in the US yesterday should hopefully see things improve on yesterday. Shame it was so turbulent after the excellent news regarding the new machines.
GLA!
Got in a week or so ago around the 38p mark and have been topping up until yesterday after moving some GGP on.
ARB mine BTC, aside from what may or may not happen there are now a lot of highly qualified and respected people suggesting that BTC could hit six figures. Even if it doesn’t it appears with PayPal news and the continued decline of paper that it should continue to climb (perhaps not as rapidly but still climb). If it climbs end ARB mine it then ARB should, in theory make more money and become a more valuable asset.
ARB CEO has made it very clear that he intends to open up the US market (see FT on 29/12/2020) and is obviously excited about the prospects that will bring. In addition to that we have increased capability landing in Feb time which could increase performance by 25%.
The last few days have been great but some calming and gradual climb isn’t necessarily a bad thing. How much there is to come I’m not going to speculate but there certainly appears to be some legs in the next few months.
See what happens in the morning but I’ll be considering topping up if the price is right. GLA
Did the same yesterday, started high, dropped and then climbed after the UK market closed. Hopefully it'll stay as is or climb up and we'll see us open up again tomorrow morning. BTC seems to be holding its own too. Definitely looks like things are heading in the right direction with the news from Argo yesterday.