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The loss this and next year will be huge. I doubt they will make it that long as the U.K. and USA plunge into a recession.
Almost worthless. Just the type of product people are cutting down on. Good company with decent product. Just the wrong time. Money is going on mortgages, higher taxation, interest and debt. Not much left to buy much else.
I just had to buy more yesterday at that price. Going to race higher. Someone will make an offer for this! Bonkers price compared to USA valuations!
At this price it must be a bargain. This is the problem with UK stocks. The valuation in the USA would be 10 times this price. The funds should be buying huge amounts but they dont want to buy anything.
Yes some arrangement with Shein makes sense.
If the LSE refuses then a class action against LSE perhaps? If it is clear this is fraud?
LSE has the power and has done it before. They can order that all trades are cancelled from the date of the original RNS to the end of today....buy and sale. So those who bought up to 8p are reimbursed and the sellers ditto....and are returned to their position prior to the bogus "offer". Quite rare I think but otherwise someone can buy up a lot of stock, make a huge bid and then sell in the mkt for a thumping profit . Will they do this here? If they can find no trace of who made this bogus offer then should.
Yes Dagenham 41K is easily possible. To ARB with its 30 coins that will see the share price up a penny
Yes bitcoin has soared today and every day. meanwhile Arb is down on the day. Arb owns 30 bitcoin and has 75 million of debt. Worthless and the market knows it. Two years ago, when ARB owned 1000 coins a rally like this would have put 30p on the price. Now it falls. Tells us everything.
Yes doggnap. 40K is easily possible. The impact on arb? A penny maybe. Has 30 bitcoin and 75 million in debt so the increase will cover interest payments for a day
Sold out of web at over 2p a while back and looking to around 1p to buy back in. Close now. Things move slowly but we usually get a strong spike at least once a year. Buy low sell high. Just all in slow motion with Web. Has a billionaire investor and Burnbrae throw more money into the pot every now and then. Dull, boring, yawn fest. I have never lost money on web but.....sleepy, yawn.
9p did not last long. No business here. No one wants to buy this meat.
Maybe this will be the future as populations in Africa and Asia by 2050.....but this is too soon and much bigger companies than this in this sector are going broke
At the time of its listing, it was valued at £851m.....just a loss of £700 million.
"The rapid decline of CAB Payments is a boost for JPMorgan, which has bet against the company’s share price. The US financial giant took a short position against CAB’s shares last month through its asset management division, despite being one of the bank’s that worked on the initial public offering".
No red flag here then. Nothing to see. All just a lucky fluke. Come and invest in the UK stock market implore the Government. No thanks say the rest of the World.
"The rapid decline of CAB Payments is a boost for JPMorgan, which has bet against the company’s share price. The US financial giant took a short position against CAB’s shares last month through its asset management division, despite being one of the bank’s that worked on the initial public offering".
No red flag here then. Nothing to see. All just a lucky fluke. Come and invest in the UK stock market implore the Government. No thanks say the rest of the World.
"Bitcoin surged up to 18% in the past 24 hours".
Arb is up about 1.5p over the period. Big deal. This would have soared in the past. But then just over 2 years ago, it had over 100 million in cash, 1000 bitcoins plus and no debt. Now it has sold most of its assets, has 30 odd bitcoins and 75 million debt.
Standing in the shower tearing up bags of 50 pound notes would have been far better.
Argo Blockchain (LSE: ARB), a global leader in cryptocurrency mining, is pleased to announce a conditional offer for subscription via PrimaryBid of new ordinary shares of 0.1p each in the Company ("New Ordinary Shares") at an issue price of 200 pence per New Ordinary Share (the "Issue Price"), being a discount of 20 per cent to the closing mid-price on 8 March 2021.
Less than 3 years ago. The company had no debt at all, piles of cash and bitcoin. Company of the year.....CEO of the year and punters desperate to pay 200p.
If only the company had kept its nerve and not blown its money overpaying in Texas and making so many stupid decisions. We could easily see bitcoin at 40,000 but the mkt simply does not know what Arb is worth or what the true value is here. 10 pence? It was raising a load of new cash at 200p not that long ago.
Just an over hyped dawg. No real business here. Down below 5p soon.
But then I told you that hi blue at 20p.
Yes but Sos is now not worth more than 4p. There is every chance that the stock will be bust within 2 years. It is in the worst business at the worst time. Things are getting worse and the future is dire. More tax on the way and a lot more conflict.
Not the fault of the company. A terrible time to be in small caps like this. Most will go bankrupt
Yes but you can say the same about Quiz. I think people are fed up with online stuff unless it is really cheap like shein. But the costs of having stores and business rates etc. staff costs are getting higher and higher and Labour are committed to getting rid of zero hour contracts and controls on strikes etc. no wonder mkt hates this statement. 5 pence on the way if they actually start buying stores.