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See my replotted chart thread lower down...

@donotpanic - "Drop is over done"

Rises are also over done. Consider value somewhere between the two.

Just for fun, as I'm sitting on my itchy buy-sell fingers this morning, here's a replot of the association between BTC and ARB (equivalised from the first SP wakeup call on 8 January 2021) to include the recent movements https://imgur.com/ncqksEs

As noted before, ARB closely tracked bitcoin during January before diverging at the mid-February spike. Since then it has tended to both exaggerate and pre-empt movements in BTC (rather than lagging the BTC trend). If ARB had just continued to closely track BTC then the SP might be roughly now where it was 21 April (around 180) - plus any added value to productivity or accumulation in the company since January.

@hobione 07:28 - "This is going to rerate. Knock your socks off type of results"

@hobione 09:01 - "That all do me. Move on to the next one."

@Hexam - "£1.95 implies a P/E ratio of less than 10"

£1.95 x 380m shares => £741m cap

End of April, the company held 936 BTC x £57k = £53.3m
End of May, maybe 200 BTC x £57k = £11.4m
Other assets etc

The rest is growth assumption, which seems well founded for a growing and profitable business looking forward.

£750m seems like a fair enough snapshot, as of today, but may look very different later in the year as production increases and if BTC price continues on its assumed upward trajectory. So yes, anything under £1.95 does look like a bargain for anyone wanting to hold for that growth at a modest P/E assumption. Conversely, it may look like a lot for anyone thinking of short term trading and likely there will be more than one retracing point before getting back up there. I've no doubt it will.

Highlights

· Reported revenue grew by 14.2% to $3,908m, with Q4'21 reported revenue growth of 15.4%.

· Constant currency underlying revenue growth was 19.4%, with Q4'21 growth of 21.7%. Growth was recorded across all regions: Nigeria up 21.9%, East Africa up 23.5% and Francophone Africa up 10%; and across key services, with revenues for voice up 11.0%, data up 31.2% and mobile money up 35.5%.

· Underlying EBITDA was $1,792m, up 18.3% in reported currency, and growing 25.2% in constant currency.

· Underlying EBITDA margin was 46.1%, adding 181 basis points (210 basis points higher in constant currency). Underlying EBITDA margin for Q4'21 was 47.7%, an increase of 389 basis points in constant currency.

· Operating profit increased 24.2% to $1,119m in reported currency, and by 32.8% in constant currency.

· Free cash flow was $647m, up 42.8% on the prior year.

· Basic EPS was 9.0 cents, down 12.6%, largely due to prior year exceptional items and a one-off derivative gain. Excluding these, basic restated EPS rose 44.5%. EPS before exceptional items was 8.2 cents.

· Our customer base grew by 6.9% to 118.2 million, with increased penetration across mobile data (customer base up 14.5%) and mobile money services (customer base up 18.5%). The recent slowdown in customer base growth has been due to new SIM registration regulations in Nigeria.

· The Board has recommended a final dividend of 2.5 cents per share, making the total dividend for FY21 4.0 cents per share.

https://www.londonstockexchange.com/news-article/AAF/full-year-results/14972903

If interest rates become less stable then all the more reason for people to consider BTC

@111baker - may I suggest some research into how helium extraction actually works. Your comparison with copper or natural gas refinement is way off the mark. The most interesting thing about the new drill location in Tanzania is precisely the answer to your questions, Watch the video presentation to shareholders and come back with revised questions addressing the reality.

I thought it was a perfectly reasonable question, which ArgoBull and Racing Cyclist have answered evidentially and politely.

With the exception of the past few days ARB has outperformed BTC during 2021, rising more than 20 percentage points more in Q1 for example. I think people have been looking to approximately £100m assets by end of 2021 (then both rising and multiplied by predicted rise in BTC) so maybe a forward P/E of 10 to a cap of £1bn this year sounds more realistic in medium term?

Zooooom ouuuuuuut ! Calibrate your BTC index viewer to 1 day instead of 1 minute and relax.

SP 165p is equivalent to where the US market closed Friday @ 2.33 USD. MMs there opened their spreads around 10% lower than that.

iWeb was offering 18.33/18.59 just now

...and their retail customer charges are higher than the iWeb platform too (Halifax)

...just for fun, I'll go for $65k by Friday May 21st (but obviously I haven't any more clue than anyone else or their octopi)

If it's going to break it should be towards end of this week or next week, according to the crystal ball.

BTC has gone up 25% in the past three months.

"Whilst BTC it is well off its ATH, it does not compare to us falling c.50% from ours."

Why do you assume that ARB's ATH was justified at the time? Like RIOT and MARA it was clearly over bought in February at first signs of BTC trend. ARB was closely tracking the fortunes of BTC until that point so it's relevant to consider that the exaggerated high rather than the lows might have been the deviation of more concern. I've little doubt it will catch up again but it's important to calibrate market trends against something other than your own choice of entry point.

I was also hoping to see SP at 300 before the year end, suggesting a cap over £1bn and 10 PE by then, but my crystal ball often needs re-polishing. I don't think it's at all unrealistic, and 100% return on today's entry point isn't out of the question either, unlike some of the posts on here IMHO.