Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address 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. Image source: Getty Images See all posts by Tej Kohli I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Tej Kohli | Wednesday, 10th February, 2021 | More on: ARB Tej Kohli 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.Tej Kohli is the founder of the philanthropic Tej Kohli Foundation whose ‘Rebuilding You’ philosophy supports the development of scientific and technological solutions to major global health challenges, whilst also making direct interventions to rebuild individuals and communities around the world. Tej Kohli is also an investor who backs growth-stage artificial intelligence and robotics ventures through the Kohli Ventures investment vehicle. “This Stock Could Be Like Buying Amazon in 1997” 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. Argo Blockchain: exciting or irrational? Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. This week, Tesla pushed the price of Bitcoin to unprecedented new highs by acquiring $1.5bn of holdings. It is not entirely a surprise that Tesla has forayed into cryptocurrency because Elon Musk has form for dabbling in ‘alternative instruments’: in 2020 Tesla sold $428m in carbon emission credits, which accounted for all of its H1 operating profits.Perhaps Elon Musk hopes to sustain the irrational exuberance surrounding the Tesla stock price by deriving future profits from this $1.5bn trade in cryptocurrency? One has to question whether Tesla investors would rather have made their own decisions about whether to invest in Bitcoin themselves, rather than Tesla Inc doing it on their behalf.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…One of the beneficiaries of the record price of Bitcoin was Argo Blockchain (LSE:ARB), the only cryptocurrency mining company that is listed on the London Stock Exchange. Its share price is up an astonishing 1,800% over the last year. Argo is a large-scale crypto currency miner that uses inexpensive hydropower and efficient data centres to mine Bitcoin.In January 2020 Argo generated £2.48m of income by mining Bitcoin and attained a 71% mining margin on it. The company reported that it held 501 Bitcoin, 172.5 of which were not mined, but were purchased at market rates. At today’s exchange rate and a Bitcoin price of $45,000, Argo’s holdings are worth approximately £16.36m. If it continues its January run rate through 2021 then this year it will improve its net position by +£21m.Given these numbers, Argo Blockchain’s market cap of £466m looks unsustainable in my opinion. It represents £930,130 for every £33,209 Bitcoin that the company held at the end of January 2020. There is a cohort of people, me amongst them, who believes that Bitcoin will eventually hit $100,000 and beyond, but even at that price, it is hard to justify the Argo share premium compared to the exposure that could be attained by buying the underlying asset directly.Argo might just about make sense if it was taking on debt to leverage its Bitcoin purchases and holdings, and therefore offering investors a leverage multiplier that they could not attain alone. But this is not the case. Argo Blockchain seems predicated entirely on rising Bitcoin prices and expanding its mining capacity whilst sustaining its very high margin mining yield.Bitcoin prices are highly volatile and hard to predict. And for Argo to sustain its high margin mining yield will mean having to stay ahead of the competition in low-cost countries. It will also mean navigating the next Bitcoin halving, expected in 2024, when the number of Bitcoin available to be ‘mined’ will be halved, piling even more pressure onto miners.Of course, despite these extremely high risks, cryptocurrency is ‘hot’ at the moment, and so the appetite from investors for exposure through equity investments is inevitably high, especially as many investors are perturbed by the unknown risks of investing directly into unregulated cryptocurrencies. Given this, Argo Blockchain might look clever and exciting.It will be fascinating to continue to follow Argo Blockchain. But its current price of 130p, I believe an investment would be irrational exuberance.
News News Burundian appeal court upholds prison sentences for four journalists News RSF_en Reporters Without Borders is outraged by the requests made Tuesday by Burundi’s supreme court for the extradition of seven Burundian journalist for alleged complicity in a coup attempt on 13 May 2015, before they fled to neighbouring countries. In a communiqué addressed to the international community, the court described the seven journalists, who worked for the country’s most prominent media outlets, as “putschists” and “insurgent allies” and called on the host countries to arrest them and deliver them to Burundi’s judicial authorities.The seven include the directors of four privately-owned news radio stations: Innocent Muhozi of Radio-Télé Renaissance, Bob Rugurika, of Radio publique africaine (RPA), Anne Niyuhire of Radio Isanganiro and Patrick Nduwimana of Bonesha FM. The other three are Isanganiro reporters Patrick Mitabaro and Arcade Havyarimana and RPA reporter Gilbert Niyonkuru.“The arrest warrants already existed but this communiqué constitutes yet further evidence of the determination being displayed by President Pierre Nkurunziza’s government to continue persecuting independent media that do not support it,” said Clea Kahn-Sriber, the head of RSF’s Africa desk.“This is a witchhunt against journalists and media owners who just did their job by broadcasting information in the public interest. The government is rejecting any peacekeeping mission and insists the situation is normal. But what kind of normality accepts the disappearance of all independent media? We call on the government to show good faith by ending this judicial persecution and by allowing all these radio stations to resume working freely.”Some of these radio stations angered the government during the abortive coup attempt in May by broadcasting the messages of the army officers staging the coup.The radios defended their action on the grounds that they were providing information of interest to the public. Some of the other radio stations tried to reach the putschists in order to get comments from them, which was an entirely legitimate action for journalists to take. Prior to the attempted coup, the government had already begun to gag the media in response to the massive street demonstrations in protest against the president’s decision to run for a third term. The authorities had already disconnected the transmitters of the main privately-owned radio stations and those of Radio France Internationale broadcasting outside the capital.Burundi is ranked 145th out of 180 countries in RSF’s 2015 press freedom index. As a result of the arbitrary closure of news media and persecution of journalists since the start of the political crisis in 2015, Burundi is unlikely to hold this position in the 2016 press freedom index.For more information about violations of media freedom in Burundi, click here. Receive email alerts BurundiAfrica BurundiAfrica Organisation Photo: Agnes Bagiricenge, Secretary general of the Supreme Court, burundi-agnews.org The 2020 pandemic has challenged press freedom in Africa to go further Reports Follow the news on Burundi October 21, 2020 Find out more Four Burundian journalists complete 12 months in arbitrary detention February 3, 2016 – Updated on March 8, 2016 Government seeks extradition of seven journalists Help by sharing this information November 27, 2020 Find out more June 5, 2020 Find out more
Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES — After nursing soreness in his left knee in recent days, Lakers guard D’Angelo Russell will play on Sunday against the Chicago Bulls (8-5) at Staples Center.The Lakers (7-6) determined his status after completing pre-game warmup drills without any noticeable limp. Russell also told Lakers coach Luke Walton his knee felt better after missing Friday’s game against San Antonio and Saturday’s practice.The Bulls have significant absences in Dwyane Wade (rest), Doug McDermott (concussion), Michael Carter-Williams (left knee bone bruise, sprained left wrist) and Paul Zipser (lower back strain). But Chicago will field veteran guard Rajon Rondo after nursing a left ankle sprain. Rondo has served as a mentor for Russell after both growing up in Louisville, Ky.Russell has averaged 16.8 points on 42.3 percent shooting and 4.7 assists in 27.2 minutes per game.
Those conditions have not yet been met in full, and several important steps remain outstanding, he said.“I can confirm that our impression is that they really want to meet all the criteria that has been set,” Andersen insisted.“We need to work with Russia, RusAF and the authorities to remedy (the problems) and meet the criteria.“The main issue is that no meaningful testing is being conducted.”The Russian anti-doping agency (RUSADA), which Andersen said used to carry out 19,000 tests a year — a figure currently down to a couple of thousand — is also “still not code compliant (with WADA)… it needs to be reinstated”.There has been an evident culture of change, Andersen added, “but they haven’t demonstrated that this is in place”.The Norwegian also said that Russian authorities have still not acknowledged the McLaren report that pointed the finger at the state-sponsored doping. “That needs to be resolved,” he said.“We haven’t outlined in details to RusAF or Russian authority on how they deal with this acknowledgement or possible rebuttal of the findings in the McLaren report,” said Andersen.“I think that needs to be delivered by the Russians.“It’s difficult to get an excuse, but we need some sort of an explanation on how they deal with this report in the most effective way.”Andersen, who stuck with the timeline of a Russian return to international action in November, said the report was “not something they put away and say it was falsified” as they have done in the past “from the very top level down”. “We’ll see how we move forward on that.” London, United Kingdom | AFP | Kenya’s David Rudisha’s hopes of adding world 800 metres gold to the Olympic title he won in a world record time at the same track in the 2012 London Olympics have been dashed because of injury.The 28-year-old — who ran an astonishing time of 1min 40.91sec to take gold in 2012 — took to Twitter to reveal he could not take his place in the London Stadium for the championships.“It’s sad and disappointing to announce my no show in the forthcoming #london2017 WC due to a quad muscle strain,” tweeted Rudisha, who was the defending champion.The absence of the two-time Olympic champion — whose run in 2012 was acclaimed as the standout performance of the Games by London 2012 chairman and athletics great Sebastian Coe — could pave the way for compatriot Emmanuel Korir or the man who chased him home in London in 2012, Nijel Amos of Botswana. The championships get underway on Friday.IAAF upholds Russia banRussia remains banned from international track and field competition after the IAAF ruled Monday that it had not made sufficient progress in its anti-doping fight to merit reinstatement.Russia was accused in a World Anti-Doping Agency report last year of widespread state-sponsored doping. Its athletics team was barred from last summer’s Rio Olympics and will also miss the IAAF World Championships that get under way in London on Friday.A number of Russian athletes, however, have been granted permission by the IAAF to compete as neutrals after meeting the exceptional eligibility criteria, essentially demonstrating that they’ve come through transparent anti-doping testing.IAAF president Sebastian Coe confirmed that 19 Russian athletes were in London to compete at the worlds.But the country remains excluded as a whole after the Council of the International Association of Athletics Federations (IAAF), meeting in London, voted unanimously to maintain the ban on the Russian Athletics Federation (RusAF).“The report has been unanimously approved by the Council,” confirmed Rune Andersen, independent chairman of the IAAF Taskforce looking into doping in Russia.“Material progress has been made but there are still issues that need to be resolved” in terms of reaching several of the conditions established by Council for reinstatement of RusAF to IAAF membership. Share on: WhatsApp