Member Info for farhantahir

Completely agree. When I first bought into Argo, i felt sick seeing it drop from 130 to 65 - but really, there's value here. I don't understand Johns forecasts, but personally, I'm pricing in a minimum of a £5 AS THINGS STAND (e.g. no Nasdaq, no further capacity, no Texas mine, no BTC movement) by year end.

Even though it's a billion dollar company, I guess it's treated as small cap by Analysts. Small caps are always ignored until things go POP :).

lol where do you get your "forecasts" from?

People after a short term profit should never invest. But even if BTC falls, it's long term trajectory is north. Peter said we're profitable even at 20k USD.

Nasdaq is a big factor, yes. Nasdaq means more investors have access to our shares so more demand. The UK has always been a bit more anti-crypto than the US.

Amazon showed a lot of losses, Tesla only returned to profitability in the past year... etc

Hope you have retired from working! Congratulations on a massive profit!

That's yesterday's closing price for ARBKF. Don't think the OTC market trades under pre-market (but I could be wrong!)

If you haven't been allocated shares, how are you a shareholder? Lol. I assume that box is for those that were shareholders prior to the IPO.

Cant go much below holding zero shares

Research I guess. Sometimes you just need to think of a sector you think is going to change (Blockchain being one) and seeing what's in play there. I'd never recommend buying a share just because Bob or Tom say on the internet. DYOR. FYI - i got in later here (at around an average of 65p), but that's because I wanted to be certain... oops.

Good luck in the future :). I have similar goals - was planning to buy a house last year (my first home) but i've always wanted a half-decent house as my first home. Ended up having all my money in the stock market and i'm glad I did.

How do you buy hoodies?

Ah thank you :). I'll do that now :). Thanks for your help!

Lol Ididn't expect to make enough money to need to pay CGT (or even come close). But I was buying a house, but changed my mind and bought shares when Covid happened. I do not regret that one minute!

Anyway - what changes is Sunak proposing? Haven't looked at it, but I have seen he plans to make changes...!

Ah I can do that? I wasn't sure how to transfer to a different account. I wish I had them in our joint HL account, but it got complicated to manage so i stupidly closed the account down.... Do I just call them up?
My wifes the same - non-earning - so makes sense.

So I kinda fckd up. I have a chunk of these in an ISA and a chunk not in an ISA. I thought I had £12300 of allowance this year, but forgot I had banked profit earlier from covid-trading.
Is there any way I can use my wife's CGT allowance? I don't have the funds to move these to my wifes ISA... HL take 4 days to pay and in that time this will be at £3... :/

This is valued as a growth company in the tech sector. Plus realistically, revenue is around £4.4m/month (so around £50m pa) with a margin of around 70%. so say 35m income (simplified). Revenue will increase as BTC increases, and we should have more miners on the ground, so I'm expecting around 6-7m a month in revenue in February/March figures. Apply a realistic PE of 25 to income (so to 70% of 84m) and you get a realistic value of £1.4b currently. This is what i've personally valued it at (based on BTC at 50k).

It is - but a lot of that is down to poor past management - this management team really isn't that effective. Plus the current market sentiment and current market risk - it's a retail play with stores.

I;ve used Binance for other coins. Pretty easy IMO

Yes. Decent board acquisitions. In volatile shares, people cut and take profit. It happens. Long term, there's decent value here.

What's really holding this back is that it's a company which focuses on party wear. We can't go to parties currently. My main worry is that a lot of the clothes sold here may be seen as old/outdated...