Member Info for shandypants2

so we don't have a buyer and no date for completion of existing work .
GM is ultimate to ensure BOD can do another raising - the share consolidation is just noise.
Very disappointed overall

yep hopefully nearer 50p by AGM at end of month

yep, great little company.

Making money, growing revenues and no debt.

but the UK govt are buying so not really normal business. ODX could easily ask for money upfront as time is of the essence here

Nice write up on Proactive. No new news but a decent summary

https://www.proactiveinvestors.co.uk/companies/news/215844/innovaderma-reaps-benefits-of-focus-on-consumers-during-pandemic-215844.html

https://www.proactiveinvestors.co.uk/companies/news/921377/4d-pharma-a-clinical-stage-innovator-and-pioneer-of-live-biotherapeutics-921377.html

yeas decent write up - multiple opportunities. Tumour reduction is particularly encouraging

agree this is undervalued.
Clearly we would all like BTC prices to rise and evidence that ARB has costs under control (CEO has alluded to this but H1 numbers will talk) however even at these prices ARB has made money each month in 2020.
With new machines I estimate hardware depreciation at over £4m per year, so £350k per month. I'm guessing admin/wages will be c£2.5m so c£200k a month. Therefore, in addition to mining costs ARB costs are £550k per month.
In Jan gross profit was c£800k, Feb £1.25m, March £750k, April £700k and now May £620k.
So for the first 5 months of 2020 that's a gross profit of over £4.1m and a PBT of c£1.4m.
Whilst we need to see the June figures as this will be the first full month post halving it does appear 2020 to date has been a successful one for ARB.
Hopefully sentiment will change

no

Treetop - 80% of the media is right wing. You list the only left wing newspaper - the Guardian.
The BBC lead political correspondent, Laura Knusberg, is very right wing.

UK death figures are awful however you slice and dice it - only country reporting it properly is Belgium.
Govt used a daily country comparison until we overtook them all. Now discarded.

In UK death figure of c40k daily slide there is a footnote with ONS figures recording covid deaths higher by 11,700 than official reported figure, based on deaths with covid on death certificate, so we are over 51k now.

Next your be telling us Dom didn't break any rules!!

Can we stick to ODX comments please

Sirius, clearly the US deal has been delayed and with CEO being moved on it would appear he was a blocker to a potential deal(s) earlier in the year. That is partly why the share price is now £1 when it was £1.80 at the turn of the year.

At these prices surely this is a 1 bagger minimum if a decent US deal is concluded in next few months with little downside .

I don't even think we need a brilliant deal, just a decent one. An upfront payment of minimum $30 to $40m (target is $50m) and royalties of c20% will be ok (European deal is 25 to 40%).

Us deal expected to be concluded in summer 2020 - so next 2 months hopefully

https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2020_06/1591261603_Shield-.pdf

totally agree. Progress has been slow and maybe PR is lacking but underlying product works, is cheaper than IV equivalent and is non evasive.
A no brainer for me - just the share price that is lacking.

Gen Goodman, the crypto trader author, long on BTC again. JP Morgan now trading it too.

All looking positive - except the share price!!

in Feb when BTC was last over $10k ARB share price was c7p. So c50% above the current price!!!

suspect may figures will drop tomorrow, Thursday at the latest, as previous monthly ones have dropped 2 or 3 days after month end.
If ok this should reassure people that ARB is still making money post halving

found this from last Friday , nothing new but decent coverage

https://www.proactiveinvestors.co.uk/companies/news/224141/argo-blockchain-builds-mining-capacity-to-ride-crypto-wave-224141.html

just looking at that table again - CEO has previously stated target of 10% of US market is quite conservative.
Based on chart 10% will generate £2.4bn for STX which is an NPV of £1.6bn.

STX has 117m shares in issue so that's over £10 a share (if share price valued at NPV).
Even at 50% of NPV that's over £5 a share and excludes Europe and China etc

Upside here is massive!!!

obviously halving happened on 11th May so these figures may be slightly confusing. However, similar to April - £1.8m rev and c40% mining margin would be a decent return.

Based on Jan to April ARB has rev of c£7.8m, and on 45% mining margin gross profit of £3.5m.
With wages/admin and depreciation of c$600k per month i think PBT is over £1m for the 4 months.

Company is currently valued at £12m!!

fag packet calculations, i get a 2020 PBT of c£1.2m.

In 2019 £1.4m profit was actually a £400k loss in H1 and £1.8m profit in H2. The h2 rev was c£9m so net profit margin was c20%.

If 2020 is also £12.9m rev that would be £7.8m in H2 as H1 is already known at £5.1m.

Using the 20% H2 net profit margin that's £1.56m. Loss ofr H1 was £347k, so total profit - £1.21m.

Now we were told rev would be at least 2019 so hopefully a bit higher, and maybe profit margin will be higher as DTC profit % should be higher than retail and marketing costs maybe less as marketing support for Boots and SD should have been reduced, however, best to be reasonably conservative.

A pretty decent performance in the circumstances IMHO

FYI, i believe there are still c80m warrants yet to be exercised, however, when i checked last year most of these are at 2p, so no point exercising until price is well above that.
With 1bn shares now in issue not a big concern for share holders going forward