The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Meant to add from memory this horrible finance deal was a hangover from David Sefton days so no surprises on how seems to benefit everyone except shareholders.
Now just wait for the RNS with positive news in the very near future to allow them to sell into the spike in price only for it to recede when they’ve dumped several hundred million shares. The only saving grace they have said they will be cash generative from the second half of the year so hopefully not many of these horrible finance deals left to go.
Not sure about 9p Friday I’ll just take it moving up daily and no retrace
$9.8k gone and looks like will keep going tonight....I’d be excited for tomorrow morning but knowing ‘carry on argo’ it’ll drop 10% first thing !!!
I think predictions about price are way to early....someone said the other day it could increase 50 fold or you could loose everything. In my view the biggest milestone in journey to growth is to get revenues ahead of costs and get rid of the terrible finance deal and avoid the further dilution. They have said they expect this to be the case in the few months so then as the news happens it should should take the SP forward without getting pulled back as EGHOS dump shares. I really think market cap of £10m is achievable for a leading digital marketing company but to my earlier point it depends on the shares in circulation as to what the SP is.
Just checked and seems very close to breaking $9.8k wonder if $10k will go tonight ? Never quite understand why so much movement over weekends?
Realistically a strong digital media company could have a £10m market cap, question is how many shares in circulation at that time will decide SP. I think they are looking to be income positive in H2 but will that be enough to cover costs ?
In the next 6 months it will be news that will take this SP up and not necessarily financials
Tyrion....think idiot mentioned the other day this is the sweet spot for ARB anything above 12k and inefficient miners may switch back on. I think at these levels we are still profitable and if the hash rate stays at the reduced levels we will probably be the top end of 200 coins a month. I’ve resigned myself to little or no movement in May until we get the next update on production levels.
Simon...you really don’t mean 3p do you ?? Even 0.3p is a massive leap for a company not even able to cover its costs with out borrowing money from a less than desirable lender. Think sentiments and potential can take this share higher but need to be careful keep balanced.
BTC nearly hitting $9.8k when I just checked and still not moving !!! Are UK investors so unaware of digital currency and that’s we are so under the radar. Think someone has said previously we need to gear up the ARB PR machine to get the news out. Maybe announce May’s figures along with a special dividend(I know not everyone is a fan and I get the bit about need cash to expand) but maybe £1.5m return would get headlines especially given not a lot of positives about dividend payments at the minute.
Might have to adjust the price on sell instructions as looks like this is going keep going for a while today with the current spread ?
I agree new appointment offers a load of new doors that can be opened, but don’t forget already gained a lot exposure with infotagion collaboration. Could do with an update today on traffic to other sites...not heard anything on GSN for along time
Very positive news adds a lot of credibility for me to the BOD. Probably not the usual RNS we expected to allow the spike but maybe that will come later ? This won’t be a straight journey up to the top but I think massive patience required
Oilnovice...good piece of analysis let’s see if comes right today....since I originally got burned on this one I’ve been trading it quite successfully which I believe is the only way until they can be rid of the awful finance deal and start seeing commercial revenues ahead of their costs. I’m afraid until the economy gets back to normal you not going to see big media spends but the work they are going currently look like good CV building to pitch to future clients.
BTC price looks to be pushing $9.5k at the minute and with the reduced hash rate it might be a better month all round.
Doubt it BOD don’t even own any shares
Idiot....I’m with you, the Hive deal was rubbish and I was glad we walked away from it. In reality our fundamentals are far superior than theirs and I have confidence long term in our SP (not every day but most days !). I struggle to understand Hives market cap given what I read and would be moving all my cash if I hadn’t already.
Unfortunately until we get some news (probably Mays update) we aren’t going to see a significant rerate as even though one of the significant sellers is out there are still people trading this share. I guess only if BTC goes on a mad run is anything going to change pre this. I know people who are short term trading ARB and BTC while they are off work and making significant returns ! I don’t have the time due to work or the inclination to do either as a LTH or investor I’ll just keep my money in place and keeping adding on the dips even though my missus has said no more in ARB since I told her our holding value !!!!
Do we have any ideas who the seller was ?
Hut8 and Hive both down over 10% now and only just started trading, let’s hope some of that money starts to drift towards argo