RE: How to Value ARB share price and sentiment?25 May 2021 16:04
This is a proper thread! At last no mentalists, so far....
It’s been agreed on multiple occasions that Argo is undervalued compared to US peers, hence the excitement regarding Nasdaq listing. However, Argo’s reduced Bitcoin holding also has a bearing. Bottom line though is exactly as ArgoBull says. It’s what the market wants to pay. Poor current sentiment but so much future potential, hence why many haven’t sold yet. I take a conservative view with valuation but really hope £3 can be achieved in the next six months. Obviously, not before June 21st though so Mittenator owes me a cheeky few squid!