RE: ARB LSE price on Tuesday 29th28 Dec 2020 15:24
40-50p will be a reasonable starting point and it could rise higher . BTC rising over 27k again and peer cos like Riot up again today. Watch out for market makers’ games like a tree shake or sudden drop late morning.
And ARB is mining and making money. CNR is still a promise of gold in the future - by which time BTC will have closed the gap. All the gold is worth 20x all the BTC. That gap will close.
I can only think they've been marked down in advance of a possible dividend reduction. There may be no reduction and so there may be one less reason for the low price !
Paying a dividend could mean having to repay some furlough costs and the supermarkets are under pressure for this. So probably best to skip it for now.