The ARB share price has crashed 20% in a week. Is this a buying opportunity?

first_imgSimply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. One FTSE “Snowball Stock” With Runaway Revenues We’re only eight days into June and Argo Blockchain (LSE: ARB) shares have already fallen 20%. And since a 2021 peak of 360p, we’re looking at a 65% fall. Am I looking at rat poison here, or have I been handed an unmissable buying opportunity? After all, the ARB share price is up 2,800% over the past 12 months, so some investors have struck it rich.There’s clearly one big driver of the Argo Blockchain share price, and it’s the price of Bitcoin (and other cryptocurrencies). That’s very volatile, and has been in a bit of a slump. At the time of writing, the price of one Bitcoin has dropped to $33,000. Folks who bought some a few years ago are very much in the money. But, right now, those who bought at this year’s all-time high of over $63,000 are looking at a big loss.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…In turn, the big driver of Bitcoin seems to be celebrity comments. Crypto prices have famously been hanging on Elon Musk’s every tweet in recent months. And the latest big name to talk it down is Donald Trump. In the week that we heard of El Salvador’s plan to make cryptocurrency legal tender, the ex-president has called Bitcoin a scam. He told Fox Business he doesn’t like it “because it’s another currency competing against the dollar.”Understandable volatilityWith the value of Bitcoin so volatile and hanging on the latest headline, I’m not at all surprised that the ARB share price is also so volatile. But could Argo Blockchain actually be a good way to play the cryptocurrency market? In a way, yes, I think it could. It’s similar to the way I might buy a gold miner but I would never buy gold.Wherever Bitcoin goes, providing Argo can mine it for a lower cost, it can make a profit. And right now, it looks like Argo can mine the stuff for a lot less than the market price. Argo’s latest update told us the company mined 166 Bitcoin or Bitcoin equivalent (BTC) in May. That brings the year-to-date total to 716 BTC. Mining revenue for May came in at £5.51m. That’s down from April’s £6.7m, as prices have declined. But here’s the profitability thing — Argo achieved an average mining margin of 82%.ARB share price valuationAt the end of May, Argo held 1,108 BTC. At today’s price, that’s worth approximately $36.6m, or £25.8m. And what’s the valuation of the company? Argo Blockchain’s current market capitalisation stands at £486m. So investors are paying almost 19 times the value of the underlying Bitcoin assets when they buy Argo shares at today’s share price. On a trailing basis, Argo shares command a P/E of 318. That’s huge. Admittedly, though, I do expect it to fall this year as profits are on the up. But will earnings growth push the valuation down to something I see as reasonable? I very much doubt it.So, I can see the value in the Argo business model. And, just like gold miners, it can be a profitable business. It’s just that I rate the ARB share price as way too risky, with little safety margin, even after recent falls. No, it will never be one for me. Grab your free report – while it’s online. Looking for new share ideas?Grab this FREE report now.Inside, you discover one FTSE company with a runaway snowball of profits.From 2015-2019…Revenues increased 38.6%.Its net income went up 19.7 times!Since 2012, revenues from regular users have almost DOUBLEDThe opportunity here really is astounding.In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer?You could have the full details on this company right now. Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Our 6 ‘Best Buys Now’ Shares The ARB share price has crashed 20% in a week. Is this a buying opportunity? Image source: Getty Images Enter Your Email Address Alan Oscroft | Tuesday, 8th June, 2021 | More on: ARB See all posts by Alan Oscroftlast_img read more

FOSLA, Excel Clash in NNPC/Shell Cup Final

first_imgFOSLA Academy, Abuja and Excel Education Centre Port Harcourt will today clash in the final of 2016 NNPC/Shell Cup competitions organised for all the 36 Secondary Schools in the Country.FOSLA defeated Asegun Comprehensive High School 3-0 in the first semifinal encounter in the match decided at the Teslim Balogun Stadium, Surulere.In the second semifinal, Excel defeated Science School 4-0 in another entertaining encounter to qualify for today’s final. So much fireworks could be witnessed in this encounter because the two finalists won their respective semifinal game with high margins without conceding any goal.The External Relations Manager of the Shell Petroleum Development Company of Nigeria, Igo Weli, has assured fans that this final will be special in many ways.The players are also aware that the best two players in the competition which will be chosen from the last four teams would be sponsored to Feyenoord Academy training in Holland.A member of the Feyenoord team and former Nigerian international, Mike Obiku, has expressed satisfaction on the standard exhibited by the young lads in the competition.“We have seen so much energy and talents here and we expect more in the final match on Thursday,” Obiku said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

16 days agoBrahim Díaz told by Real Madrid to find loan club

first_imgBrahim Díaz told by Real Madrid to find loan clubby Carlos Volcano16 days agoSend to a friendShare the loveBrahim Díaz has been told by Real Madrid he must leave on-loan in January.The young midfielder is rated highly by coach Zinedine Zidane, but has been told there is no place for him in Real’s immediate plans.Brahim is yet to get on the pitch this season and he’s been told to find himself a loan club to step up his development.Both in January when he arrived from Manchester City and over the summer, Brahim refused to leave on-loan.But management are pushing him to change his mind leading up to the winter market. TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img

Video: Syracuse’s Tyler Roberson Slams Home Crazy Alley-Oop vs. Duke

first_imgTyler Roberson slams home alley-oop dunk against Duke.Vine/Chris StoneFor whatever reason, Syracuse forward Tyler Roberson plays incredibly well whenever the Orange take the floor against Duke. In 2015, Roberson went for 19 points and 10 rebounds against Duke at home, and 16 points, nine rebounds at Cameron Indoor Stadium. Tonight, he has six points and two rebounds midway through the first half, and two of those points were the loudest of the game thus far. Gbinije to Tyler Roberson. Got up. https://t.co/nJTQHgVBaI— Chris Stone (@cstonehoops) January 19, 2016At first glance, Michael Gbinije’s pass looks off-target, but it doesn’t matter. Roberson can really jump, and he got up for that ridiculous one-handed finish.last_img

Canada Jetlines plans to base Montreal operations at small St Hubert airport

first_imgDiscount airline Canada Jetlines Ltd. says it plans to base its Montreal operations in a couple of years out of a small airport that is undergoing an expansion.The Vancouver-based company hasn’t yet launched service, but it announced Thursday a partnership with Montreal Saint-Hubert Longueuil Airport to support its efforts to build a low-cost secondary airport on the south shore of the city.Canada Jetlines CEO Javier Suarez says Montreal travellers deserve low-cost air travel options that don’t require them to cross the U.S. border.“Saint-Hubert is a short commute out of the downtown core of Montreal, and our passengers will not only benefit from ultra-low airfares, they will also have convenient access to a new purpose-built low-cost facility in Saint-Hubert,” he said in a news release.Saint-Hubert airport is about a 15-minute drive from downtown Montreal and 32 kilometres from Montreal Pierre-Elliott Trudeau International Airport.The airline is working towards a launch next summer and would seek to start Montreal service by early 2020. It will also fly to secondary airports in Abbotsford, B.C., Hamilton, as well as Halifax Stanfield International Airport, offering domestic service and winter flights to sun destinations. It plans to start with two Airbus A320s and add four planes annually.Saint-Hubert airport, which mainly serves private aircraft, recently upgraded its runway, supported by a $13-million federal contribution, that can accommodate narrowbody planes as big as the Boeing 737 or A320. It also plans to build a new passenger terminal.“With this announcement and this commitment we’re going to have to fast-track something,” said Jane Foyle, general manager of DASH-L, the non-profit organization that runs the Saint Hubert airport.“I think we can deliver for 2020. If there’s interest to start faster we’re also looking at what we could use at the airport at the moment as a temporary type facility.”Foyle has a vision for Saint-Hubert joining a national network of secondary airports that offer lower fees to support the Canadian expansion of ultra low cost airlines like Swoop and Flair Airlines.“If we had a network of ultra low cost airports across Canada, I think that’s what we want to be part of,” she said in an interview.“Abbotsford in B.C. is that already. Hamilton is at that game too but their cost structure might not be as flexible as ours will be. We’re going to be financially attractive for airlines to come here.”Discount carrier Flair Airlines says it is reviewing options for the Quebec market and hasn’t made a firm commitment to any airport in the province.WestJet subsidiary Swoop said as its fleet increases to 10 next year it will be looking for markets and airports for its 189-seat planes.“This could potentially include service to Quebec, but I’m unable to confirm that for you at this time,” said spokeswoman Karen McIsaac.Porter Airlines spokesman Brad Cicero says the airline based at Toronto Island’s Billy Bishop Airport has no plans to change its Trudeau airport-based service out of Montreal.Foyle said catering to ultra low cost carriers can be risky because their success is unproven in Canada. But she also hopes to offer flights to transport business people to Toronto, be a hub for regional service in Quebec and attract travel airlines like Sunwing and Air Transat for flights south.She said the main challenge is to secure designated airport status that will provide security screening services from the Canadian Air Transport Security Authority at an affordable rate and obtain customs and immigration services from the Canada Border Services Agency to offer transborder flights.Foyle said Saint-Hubert airport can also help in keeping Quebecers from crossing the U.S. border to catch flights.“We’re losing a lot of Canadians that are going to Plattsburgh and Burlington to fly out of American airports and we would be strategically located to try to get these passengers, these Quebecers back and flying out of our airlines potentially and our airport.”Companies in this story: (TSX:WJA)last_img read more

Grande Prairie RCMP looking for missing man travelling to Prince George

first_imgUPDATE – Grande Prairie RCMP would like to advise that Cody Baskott has been located. He is safe and unharmed. RCMP would like to thank the public and the media for their assistance.Grande Prairie, A.B. – Grande Prairie RCMP are seeking the public’s assistance in locating 30 year old Cody Baskott.He was last seen on November 7, 2018 in Grande Prairie, Alberta and possibly may be travelling to Prince George, BC.Baskott is described as: · Caucasian· 5’8″/138 lbs· Blonde hair· Blue Eyes· last seen wearing a black ball cap and a black hoodyThere is a concern for Baskott’s well-being. The RCMP would like to locate and speak with him as soon as possible. If you have any information about his whereabouts, please contact Grande Prairie RCMP Detachment at 780-830-5700.If you wish to remain anonymous, you can contact Crime Stoppers by phone at 1.800.222.8477 (TIPS) or by Internet at www.tipsubmit.comlast_img read more

Alberta election promised titanic clash delivered name calling bozo eruptions

first_imgNotley ran on her record of continuing to build Alberta through the lean times of low oil prices.But apart from promises to expand subsidized daycare and keep pace with population growth and inflation on health and education spending, her campaign was a bullhorn assault on Kenney’s character.It featured websites and speeches highlighting Kenney’s past statements against abortion and same-sex marriage and his promise in this campaign to roll back some protections for gay students in schools.“Mr. Kenney is not being forthright with Albertans when he talks about the idea that his party accepts and supports people in the LGBTQ community. They do not,” said Notley, at the mid-campaign leaders debate.Kenney drew a bead on the free-spending ways of Notley’s four years in government, with a carbon tax and billions of dollars borrowed to pay for capital projects and program spending.He wielded Prime Minister Justin Trudeau like a battle axe, referring often to a “Notley-Trudeau alliance” he said had kneecapped Alberta’s oil and gas sector. EDMONTON, A.B. – Alberta’s election campaign promised a titanic clash of ideas and ideologies between two nationally known leaders, but delivered a burlesque of biting attacks and bozo eruptions, and a surprise guest appearance by the RCMP.Rachel Notley will make history Tuesday as either the first Alberta NDP premier to win re-election or the first-ever leader of an Alberta party that failed to win a renewed mandate on its first try.A win for Jason Kenney’s United Conservatives, as predicted by the polls, means a return to the right-centre for Alberta, its traditional home since the middle of the last century. He painted Notley as a toadying flunky for Trudeau. He said she brought in a provincial carbon tax to placate the prime minister, and didn’t push him until recently on a B.C. northern coast tanker ban or on proposed federal changes to approve energy projects _ both of which Notley agrees would harm Alberta’s bread-and-butter industry.All of this was done, Kenney said, to get the Trans Mountain pipeline expanded to the B.C. coast. But while the feds ultimately bought the line to keep it alive, it remains tied down in consultations and legal red tape.“This premier … sold us down the river to Justin Trudeau and all we got for it is a jobs crisis, a carbon tax and no pipelines,” Kenney told a crowd at a whistle stop in Turner Valley.Notley, in turn, has said Kenney’s “fight back” strategy, including taking Trudeau to court over the federal carbon tax and his energy legislation, is cynical and ultimately self-defeating political theatre.center_img Political scientist Duane Bratt said Kenney’s plan resonates right now with a province hit by hard times and feeling hard done by.“Right now there is a lot of anger,” said Bratt with Calgary’s Mount Royal University.Kenney has had to play defence against so-called bozo eruptions by some of his candidates.Caylan Ford, an Oxford-trained global politics adviser and arguably the brightest of Kenney’s UCP star candidates, resigned on the eve of the campaign for comments viewed as sympathetic to white nationalism.Eva Kiryakos quit before the nomination cutoff over her comments about Muslims and transgender washrooms.Mark Smith, the caucus education critic, apologized but did not quit the campaign for an anti-abortion and homophobic sermon delivered years earlier.Kenney has also had to deal with probes by RCMP and the elections commissioner into allegations of fraud and money laundering in the United Conservative leadership race, which Kenney won in 2017.On top of that, Mounties descended this past week on the workplace of UCP Calgary candidate Peter Singh, seizing a hard drive and other work items.Singh has denied wrongdoing and said the items were returned, but hasn’t answered questions about the nature of the police investigation.Calgary pollster Janet Brown said the marquee matchup of Kenney versus Notley never materialized.“It was supposed to be a battle of the titans and instead it was two quite horrible campaigns,” said Brown.“Kenney was always putting out fires, was always getting off his message. On the other hand, the NDP was always taking shots at Kenney and rarely getting around to telling their own story.”On the fringes have been the Liberals and the Alberta Party.Each tried its own version of a political Hail Mary to grab attention: the Liberals pitching a sales tax and the Alberta Party warning it would withhold provincial taxes from Ottawa.Brown says the campaign may have done little to change anyone’s mind.“My read on things is that voters are very frustrated and disappointed with how this campaign went,” she said.“The tactics of both sides have just really resulted in people digging in their heels.”last_img read more

Baseball Ohio State looking to put rough 2017 behind it heading into

Ohio State freshman right fielder Dominic Canzone bats in the bottom of the seventh inning against North Carolina Greensboro. Credit: Edward Sutelan | Lantern reporterTo say the Ohio State baseball team had an up-and-down 2017 season might be too generous. It limped to a 22-34 overall finish, including an 8-16 conference record, and did not qualify for the Big Ten tournament.In particular, the pitching staff performed uncharacteristically poor, with an ERA climbing above the 5.00 mark for the first time since head coach Greg Beals took over in 2011.“We know it’s not acceptable to have the record we did last year here at Ohio State,” redshirt senior pitcher Adam Niemeyer said. Despite last season’s struggles, sophomore outfielder Dominic Canzone and senior pitcher Seth Kinker both said this team expects to compete for and win a Big Ten title.Being fresh off an 11th-place Big Ten finish does not provide much reason to believe that goal is attainable. But the return of several starters and a renewed chemistry provides hope for the Buckeyes.Niemeyer said a main issue with last year’s team was the growing pains involved in having “17 or 18 new players in key roles.” This year’s team will not have that problem. Beals used the word “feeling” to describe the attitude last season’s group had as opposed to “attacking” like he expects this squad to do.“I see a lot better baserunning, being able to go first to third, being able to score from first base,” Beals said. “Dirt-ball reads, having some action in counts where in a 3-1, 3-2 count where we think there’s gonna be action with the bat we’ll get runners started. Just little things like that.”The Buckeyes will return all of their starting pitchers from a season ago except Jake Post. Junior Ryan Feltner, who was recently listed as the top-ranked Big Ten prospect by both D1Baseball.com and Perfect Game scouting services, has struggled in the past, but could prove to be the ace of the staff. He already has been named as the regular-season Friday night starter.To fill out the starting rotation, Beals also will look to Niemeyer and fellow redshirt senior Yianni Pavlopoulos, along with junior Connor Curlis and sophomore Jake Vance. All five of those players have started at least five games for Ohio State, and only Vance has fewer than 24 game appearances.Curlis will take the mound first for the Buckeyes this weekend during the Snowbird Classic, Beals said.“[Curlis] is working very hard,” Kinker said. “He works with Feltner who, honestly, I don’t think I’ve ever seen anyone work as hard as Feltner.”Kinker, who had 54 strikeouts and a 2.95 ERA last season, headlines a bullpen that features four additional seniors. Experience won’t necessarily translate to performance on the mound though, especially on the back of a poor performance from the pitching staff last year. Niemeyer expects his fellow hurlers to improve their control.“[We want to] fill up the zone early in counts, ‘cause that gives us an advantage,” Niemeyer said. “You just have to have the mindset if someone hits a first-pitch ground or fly ball that’s a good thing. You don’t have to try to strike everyone out.”The Buckeyes maintained all but two starters from last season’s starting lineup. Among the returnees is sophomore Conner Pohl at third base, who was second on the team with a .325 batting average last season. Last year’s primary third baseman Brady Cherry is back playing second base. Canzone will be in right field once again; he led the team with a .346 batting average and was second with 36 RBI. He also stole 13 bases.“I’m very confident with the guys that we’re gonna put on the field this year,” Canzone said. “All around it’s just a lot of great chemistry across the board, this team. I’m just excited and it’s the most fun I’ve had, honestly, in a preseason.”Junior catcher Jacob Barnwell is back behind the plate after 51 starts last season, and junior college transfer Kobie Foppe rounds out the infield at shortstop with a defensive style Beals called “smooth.” Malik Jones, another junior college transfer, will be in center field.An intriguing development within the batting order is the group of athletes vying for playing time at first base, left field and designated hitter.“We’ve got several capable bodies. Bo Coolen and Noah McGowan are both gonna get playing time at first base, McGowan can play some left field and DH, Nate Romans can DH, [Tyler] Cowles can play left field and DH,” Beals said. “We’re gonna be able to wiggle and play some guys that are hot.”Ohio State opens its season Friday against UW-Milwaukee as part of the Snowbird Classic. read more

Lloris calls for France to improve ahead of milestone

first_imgFrance captain Hugo Lloris is adamant that they cannot produce another sloppy performance ahead of their game against Peru in Group CPaul Pogba’s lobbed shot deflected off Australia full-back Aziz Behich to hand France an unlikely win last Saturday after Mile Jedinak had cancelled out Antoine Griezmann’s penalty with a spot-kick of his own.Lloris, who will make his 100th appearance for France in today’s game against Peru at Ekaterinburg, admits that they cannot afford to slip up again.“There is always pressure for all matches, especially when we started the World Cup,” said the 31-year-old, according to BT Sport.Euro 2020Report: Euro 2020 qualifying Group H George Patchias – September 11, 2019 Euro 2020 qualifying Group H is being controlled by France and Turkey, but Iceland is still in with a shout.Reigning world champions France ran…“But this is when you have to go beyond your own capacities as a competitor.“Tomorrow is going to be a difficult match; if we do not raise our quality level, we are going to have some difficulties.“Peru are a quality team, a difficult team to beat. We know that the players are committed to playing for their country.“It is their last chance to go through the group stages so they are going to give everything and we are going to have to raise our quality level so we can get the three points.”last_img read more

Sancho explains why he moved to Borussia Dortmund

first_imgThe Bundesliga footballer is focused on playing with England right now, but the former Manchester City winger believes he chose the right clubBorussia Dortmund winger Jadon Sancho is making headlines lately because of how well he’s playing.And he’s close to getting his first cap for the England national team.On today’s press conference, he talked to the Bundesliga’s official website on why he decided to leave English Premier League club Manchester City to join the German league team.“I was just focused on improving as a player,” Sancho said.Jadon SanchoMerson believes Arsenal should sign Sancho Manuel R. Medina – September 14, 2019 Borussia Dortmund winger Jadon Sancho might be the perfect player to play for the Gunners, according to former England international Paul Merson.“[It’s] a city that loves football like no other. My main focus was to play the first team and obviously get minutes under my belt.”“I would say I’m a bit tricky, direct and just confident,” he added.“I believe in myself in one-on-one situations. I used to look at Ronaldinho, growing up, on YouTube. I just liked how he used to carry his team sometimes… and obviously, he used to try things that no one else would try.”“I was at training when I first got the call-up,” he commented.“Straightaway I called my parents, and obviously they were just delighted for me. I just couldn’t stop smiling for the whole day.”last_img read more