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Always wondered what BTC stood for.....
Burger Time Coming
Although I may have octopus @delacey so Sophie not safe. Is she happy the SP is now two (s)quid? Get it? Tough crowd.....
My Great Grandad put his life savings into this company and has lost 99% of it. He’s had to move in with us now as financially ruined. I guess his generation classed this as a safe investment. :(
Traders stress over daily closing SP
HODLers look at overall direction of travel....
Am waiting on the sidelines at the moment until after 6th May when FY results released. Last time the SP rose to this level it deflated to 240p before then plummeting to 200p on results day itself. If history repeats you can be locked in at these levels for a few months until the SP recovers. Stores only been open for a couple of weeks therefore large annual losses likely.
GLA
When you owe your bank manager £100 you have a problem.
When you owe your bank manager £1m they have a problem.
BTC still in early adoption phase but already too big to fail. Progress marches on and waits for no-one.
Potential to upgrade to a Whopper for those patient enough to ride out the bumps.. ;)
#meatyproposition
My observation from Friday was that MMs tried dropping the SP to 145p on open but instantly realised they had overplayed their hand, moved it quickly up to 156p, still no appetite to sell from holders so then had to put in a 160-170p range with eventual closing above this at 174p. Barring a collapse in BTC which is already making a tentative recovery, SP was tested and proved resilient.
Always check the London Stock Exchange website after 5pm to obtain the correct closing SP:
https://www.londonstockexchange.com/stock/ARB/argo-blockchain-plc/company-page
@racingcyclist
Many thanks for all your posts which are all sensible, logical and see the bigger picture. I’ve filtered most of the trolls as and when they pop up on here so now they’re mostly green coffins to me. Have a relaxing weekend. Z
Pathetic derampers forget we can look at their post history:
@saby16
15th April 09:48
“It has been great fun But I am out for now. Taken a big hit £25k may regret but this was my decision. Looks like this has no support and the videos just don't cut it anymore.”
Pretending to still be ‘in’ and a ‘concerned investor’ is tragic and sad.
The IPO lock up expiring responsible for SP drop today as pre-IPO holders took profit so inevitable. A shift to a more solid holder base and this will rise again as the FY results demonstrated growth ahead of expectations with more in the pipeline.
Broad growth across all Divisions and Q1 impressive growth YoY. One off costs associated with IPO now transacted and Blackrock doubling their holding last month is huge vote of confidence in the business and its management. Very positive.
Long established global business, strong balance sheet, high CEO share holding. RWA is well hedged globally to take advantage of post pandemic economic recovery and has a proven track record of being well managed with attractive dividends. Expected to grow significantly over the next 24 months+