Member Info for mick-b

LiDCO (LID) rec offer of 12p, a 78% premium. [SP=6.6 Cap=16m]
Horizon Discovery (HZD) rec offer of 185p, a 108% premium. [SP=88.8 Cap=140m]

What the hell is going on?

The Brexit Party is to be relaunched as an anti-lockdown party called Reform UK, in a move which could alarm Conservative MPs jittery about Covid-19 policy.
Plans to change the name of the Brexit Party to Reform UK were submitted to the Electoral Commission last week.

It's just an excuse for Farage to fleece another few thousand people of £100 each (membership) and pocket the money as the only director/employee. It worked once ....must be a good con.

First up in the swing states should be Florida.
If Biden wins Florida which is now polling level, its all over

The Brexit Party is to be relaunched as an anti-lockdown party called Reform UK, in a move which could alarm Conservative MPs jittery about Covid-19 policy.
Plans to change the name of the Brexit Party to Reform UK were submitted to the Electoral Commission last week.

It's just an excuse for Farage to fleece another few thousand people of £100 each (membership) and pocket the money as the only director/employee. It worked once ....must be a good con.

All of the five people who have won the popular vote and lost the presidency were Democrats
rigged?

https://www.statista.com/chart/17435/us-presidents-performance-in-the-popular-vote/

see graph here >>>>>>
https://www.statista.com/chart/23347/early-voting-total-votes-us-presidential-election/

https://twitter.com/Kimbles848/status/1321738581040418818

LBC American reporter Simon Marks, who really knows his onions, reported that in the last quarter 39m dollars was given to the Lincoln project by disaffected republicans

Well worth a listen...his daily podcasts..
https://podcasts.apple.com/us/podcast/simon-marks-reporting/id1111788303

Nixon: A President that became a Crook.
Trump: A Crook that became a President.

If he's really sorry he'll sack Dido and Serco, empower local govts to do track and trace, then resign.

You can only push the British people so far. Awarding lucrative PPE contracts to your mates, a laughable track and trace system, Barnard Castle... fine... but if this press conference delays Strictly, they might finally discover our breaking point.
lo!

Now 6-45pm
Shambolic is the NORM

Thailand, a nation of almost 70million, have had 3780 COVID cases and 59 deaths. No second wave.
UK, a nation of 67 million, 990K cases and almost 47K deaths.

Like many Asian countries they learned lessons from previous SARS and MERS outbreaks. Masks, effective testing, track and trace and border controls.

A proper "World beating system"

Norwegian fishing will continue in UK waters at the end of BRINO
As the UK have just concluded a reciprocal UK/NORWAY fishing deal.
Only UK fishing trawlers in British waters ....
your 'aving a laugh!

Bet he dresses in up as "the virus has changed"......AGAIN!
What happened to the "NORMAL" Xmas he promised in his magical thinking World?
For once the truth would be pleasant change.

Argo Blockchain (LON:ARB)
Share price: 8.5p (+2%)
No. of shares: 294 million
Market cap: £25 million
Revenues increase 75% in Third Quarter

This quirky little bitcoin operator changed its strategy from one which made no sense ("mining-as-a-service") to something much more reasonable (mining for its own account). Under this new strategy, it might actually succeed!

This update confirms £3.6 million of revenue from crypto mining in Q3, "at a mining margin of approximately 73%" (I guess this is the gross margin).

It is seeking to double the number of machines being used for production, adding 6,000 on to the current fleet.

Tactical change - it is going to regularly exchange crypto for fiat from now on, "to avoid additional exposure to Bitcoin pricing". Sounds reasonable. This will (marginally) reduce the volatility of its results.

My view - with its new strategy, and this tactical change, I think it's possible that this is a decent vehicle for PIs to gain crypto exposure (if that's what they're looking for).

For those who already trade shares, it might be simpler to buy a stake in this, versus using some other online wallet or trading facility.

If crypto coins turn out to be the investing equivalent of rat poison (Buffett) or "turds" (Munger), then shares in Argo can't be worth much less than the coins themselves will turn out to be.

Companies saved for later in the week, if things quieten down: Time Out (LON:TMO), Franchise Brands (LON:FRAN) Stock Spirits (LON:STCK), Motorpoint (LON:MOTR).

Thanks for all the comments and suggestions, as always.

Best regards

Graham

Blockchain and Cryptocurrency Stocks
Aug 6, 2020 by Billfunk1
37 comments •1,187 Reads
Apologies if there is already a thread on this topic. I did scroll down for a few minutes but was unable to find one.

The bull case for investing in this sector is the anticipated crypto bull which is expected to run from now until November/December 2021, the institutional buy in of crypto assets by the likes of Paul Tudor Jones, Visa, Mastercard etc, and the political acceptance of bitcoin as highlighted by the Federal Court declaration that bitcoin is officially "money".

Looking around the UK universe there aren't many blockchain stocks to choose from. One I am invested in personally is Argo Blockchain (ARB). This is a very low debt company with 720PH of bitcoin mining capacity which resulted in the mining of 165 bitcoin in July at a mining margin of 34%. They also have 280ms of ZEC hashrate which is approximately 7% of global ZEC hashrate. Both BTC and ZEC have had very strong months and the consensus is that this is just the start of a bull run which could result in $100k BTC.

Interestingly, Argo lags behind its US contemporaries Riot Blockchain (RIOT) and Marathon Patent Group (MARA) both of which produce significantly fewer crypto assets every month but are worth many multiples of their poor UK cousin. Riot currently only mines 50PH though this is set to rise to 566PH when new machines are installed yet its MCAP is $120m. Marathon only mines 25PH rising to 250PH this year and is valued at $60m. Meanwhile Argo on 720PH + 280ms ZEC is worth only $20m

I am beginning to think the UK market does not like blockchain and crypto stocks! I welcome your comments here.
Stock Picks
NAQ:MAR

https://app.stockopedia.com/content/blockchain-and-cryptocurrency-stocks-649448?order=createdAt&sort=desc&mode=threaded
subscription only.....so have copied for you

https://www.bbc.co.uk/news/entertainment-arts-13087132

https://www.bbc.co.uk/news/entertainment-arts-13087132