We would love to hear your thoughts about our site and services, please take our survey here.
I am hopeful/confident this will be a great share for my portfolio and will maybe even recover all my loses from my previous bad investments (I bought into Argo few weeks ago with 10,500 shares at £2.76)
GLA Argo holders
I seem to very good at buying stocks that either tank or go into administration (lost £10,000 in Worthington, £1000 in Motif Bio, £1000 in Paragon Diamonds, £3000 down in UKOG, just about broke even in Quindell)
I am confident I finally have a winner with Argo (I am also into Alba minerals for the longer term)
Still, much more fun investing in my SIPP myself rather than letting someone else take the risk with my money.
Also at the bottom of the article;
“We believe that blockchain technologies will become a crucial part of the sports industry in the near future. Sports clubs that are capable of seeing the importance of this trend today will attain a great advantage in the future.
Rangers have become the latest big-name football club to be sponsored by a cryptocurrency brand.
https://www.msn.com/en-gb/money/other/rangers-become-latest-club-to-attract-crypto-sponsorship-and-fan-token/ar-BB1e99K2?ocid=entnewsntp
ARB Up 45% in Frankfurt
https://www.boerse-frankfurt.de/equity/argo-blockchain-ls-001
For clarity, RNS's can be issued anytime after 07:00;
Most companies communicate with the market through the Regulatory News Service (better known as RNS) – a service owned by the London Stock Exchange (LSE). Close to 300,000 announcements are processed by RNS each year and more than 70% of all regulatory and potentially price-sensitive UK company announcements originate from RNS. Alternative distributors of regulatory news include PRNewswire, GlobeNewswire and BusinessWire. Rather than go to each distributor’s own website to find the announcements, the easiest way is to use a specialist financial data website such as sharesmagazine.co.uk (click the ‘Market News’ tab). Here you find all the main announcements in a single place.
The bulk of the announcements will be made at 7am which gives investors one hour to digest the news before the UK stock market opens. However, further announcements do trickle out throughout the day, albeit you’ll find that very few of these will relate to financial results or trading updates. WHAT HAS TO BE DISCLOSED AND WHEN?
When, why and how companies update the market is governed by a series of rules from the Financial Conduct Authority, the London Stock Exchange and European Union. The central point is a company must notify through an approved regulatory information service like RNS any inside information relating to the company. For an item of news to be classed as ‘inside information’ it must meet the following criteria:
- Be of a precise nature and specific to the company
- Not be generally available
- Be likely to have a significant effect on the price of the shares (be price sensitive) if it were generally available
These are not always hard and fast rules – a 10% movement either way has been used as a rule of thumb for a ‘significant’ effect on a share price but the FCA has historically been very clear there is no ‘10% rule’. A company will usually consult with its stockbroker to determine whether information is price sensitive. A company needs to ask: would a hypothetical ‘reasonable investor’, out to maximise their economic self-interest, be likely to use the information in making their investment decision? Relevant information could include:
- Changes to a company’s financial position
- A significant improvement or deterioration in trading
- A major new development such as a big contract win
- A change in the value of a big asset
Information must be released as soon as possible. When news is unexpected, say for example a contract has been lost overnight or a company has been affected by a natural disaster, they can delay for a short time to establish all the facts.
However, if there is a risk that information leaks to the market then a holding statement will need to be made with as much information as possible. A company can also hold off if putting news out would prejudice its ‘legitimate interests’. However, it needs to ensure it has taken steps to keep the details confidential.