We are tracking BTC, trouble is whilst BTC was racing ahead we've been bogged down in churn. Same scenario with the previous dilution. BTC is new territory lately and needs to consolidate instead of these wild swings. ARB is well behind the curve but the shackles were beginning to come off. BTC dropped $6k recently, you'd expect a drop in the Sp until it settles down again. We'll get there eventually, there's some catching up to do but it will even itself out at some point imo.
Imo we are well undervalued but I'm not here solely for that I'm in for the long haul and the growth aspect. I think sentiment has started to bite in the states, but BTC needs to find support, consolidate and kick on. The wild swings arn't helping the cause. I still think we'll surpass pre Nasdaq levels and comfortably we'll beyond if the winds are in our favour. Onwards and Upwards. DYOR
Imo there is too many moving parts to predict an accurate future valuation. These markets are sentiment driven, what people are prepared to buy/sell at on any given day. You can refer to charts as an aid but afterall they are just a pointer as to what the Sp might do. Nothing is set in stone, some people try to over analyse things. Markets over shoot and fall inexplicably sometimes, it's all sentiment driven. Trying to pinpoint what future growth will occur and assume what Sp we'll be at is pointless. You'd be far better off concentrating on how undervalued we are at least that's present day. As for anything else you pay your money/take your chance. There is huge potential growth otherwise i wouldn't be invested but it has to be executed. The forward PE says it all really. But DYOR!
RE: 145,000 Robin Hood “investors”21 Oct 2021 08:41
As an older investor and somewhat wiser now, I've learnt over the years not to over invest in the first place don't go beyond your means. I wouldnt recommend topping up just for the sake of chasing money either. You have to keep some powder dry and buy the dips should they arise and they will. That said you have to firmly believe in what your doing and not do it half heartedly. I appreciate the nature of this type of share it has huge growth potential, but you do require patience of more than a few weeks. I know alot on here think we will just move vertically, if only investing was as easy as that. Alot of patience is required and no matter what they'll be hiccups along the way. I've held similar type of shares 5 yrs plus before the plan comes to fruition, but patience and belief won the day. DYOR and stick with it!
RE: Can we hold onto 130p finish?20 Oct 2021 23:02
Imo what we are seeing here is due to the slow churn higher, the Sp has been unable to match the rise in BTC. What I'd like to see is a more stable BTC price instead of these wild swings. If BTC manages to stay above 60k for a prolonged period it won't be long before we catch up. Undervaluation doesn't correct overnight but i think we should be heading to £2 minimum.
RE: Why Argo Blockchain not performing like last BTC run20 Oct 2021 11:57
Technical - It all depends on what metric you use to value a company, price to book ratios and PE are of course relevant. That said its really difficult to value a growth company of this nature much of it is sentiment driven on what growth they visage in the future. For instance the average PE on the Nasdaq is around 35, ARB 61 and a few on there are trading at 500/600 plus. After significant dilution recently i believe that we are being held back due to churn and could be another few weeks yet. Taking everything into account we should be trading much higher, the growth aspect is staggering and doesn't reflect the current Sp. Normal service will resume eventually its only a matter of time imo.
This dilution isn't a means to keeping the lights on its strategical that's fits in with ARB's business model. The long term value that this dilution brings to ARB far outweighs the short term dilutive effect. If you don't like it moan away but come back in 12 months time and cast your views then.
The fact is i know of any number of companies that don't reach fair value initially, it's a process. This dilution will in time become irrelevant. Naturally after any form of dilution you'll see an increased amount of churn in shares, in this case i think it'll last several weeks yet. Traders will trade away, profit takers will take profit BUT fair value will become apparent at some point. If you are against dilution as a means to grow the company by all means sell. Some of the huge companies tesla springs to mind only grew via dilution, now look at them lol
"the clever peeps have taken profits here and invested in the asset it self think about it mining stock was only good in the early days when bitcoin was under 25k , it was all hype ? where is the hype now for mining stocks ? thats right people ran away with profits !!!!!"
I beg to differ ARB is currently so far behind the curve its unbelievable, watch for when the shackles are off. Should be an explosive move north imo.
RE: Mining analysis now and future above 1 EH18 Oct 2021 09:49
Imo the shackles won't come off for another month yet, as regards BTC I'd like to see a cooling off period just in time for ARB pushing north. Can't see that happening though i think new ath's are imminent.
That would be pretty difficult with millions of shares being dumped presently I'd suggest. Its not the first time the Sp hasn't followed the rise of BTC. Wait until its all cleared fundamentals/value always wins the day.
It's not frustrating at all if you are planning on holding shares for more than 5 minutes, we won't move up in a vertical line. Dilution is a means to promote growth, it doesn't happen overnight. I have a timescale of years so switch off to all this. I've been adding on the quiet.
I think we'll see a rerate at some point £2 and beyond if BTC keeps going. Everything points to this should be happening now, so why isn't it? The only reason is shares are still being dumped from the IPO. Until its cleared nothing will happen its as simple as that, nothing untoward going on.
"The company has grown and is doing well but as an existing shareholders your share is worth less.
What is good for the company is not always good for existing shareholders."
Initially its not good for existing shareholders Sp wise granted but if your vision isn't blinkered we all will benefit. You need to step back and see how the mcap and Sp has grown to date. People would be saying the same thing if/when PW dilutes us at say £5 p/s.