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AGFX Argentex Group Plc

44.50
0.20 (0.45%)
Last Updated: 16:25:42
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argentex Group Plc LSE:AGFX London Ordinary Share GB00BJLPH056 ORD �0.0001
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 0.45% 44.50 155,782 16:25:42
Bid Price Offer Price High Price Low Price Open Price
43.60 44.50 45.10 44.50 44.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 41M 7M 0.0618 7.28 50.94M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:13:44 AT 2,426 44.50 GBX

Argentex (AGFX) Latest News

Argentex (AGFX) Discussions and Chat

Argentex Forums and Chat

Date Time Title Posts
01/5/202413:34Argentex918
29/12/202318:01Argentex, the bespoke service-led FX solutions provider1,337

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Argentex (AGFX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:13:4444.502,4261,079.57AT
15:13:4444.50480213.60AT
15:13:2845.1010,0004,510.00O
13:13:3845.056,3782,873.35O
13:13:1945.1919,9989,037.90O

Argentex (AGFX) Top Chat Posts

Top Posts
Posted at 01/5/2024 09:20 by Argentex Daily Update
Argentex Group Plc is listed in the Security,commodity Exchanges sector of the London Stock Exchange with ticker AGFX. The last closing price for Argentex was 44.30p.
Argentex currently has 113,200,000 shares in issue. The market capitalisation of Argentex is £50,940,000.
Argentex has a price to earnings ratio (PE ratio) of 7.28.
This morning AGFX shares opened at 44.90p
Posted at 30/4/2024 11:09 by simon gordon
Hi Ohisay,

Digby is becoming historic as he leaves in 2025 and the new Chairman has more business acumen.

Rockwood reducing at an all-time low and the share continuing to fall are they not the more pressing factors?

Are you adding?
Posted at 29/4/2024 11:48 by ohisay
Worth a read .Looks oversold to me so Ive taken a small position.

And 18mins here ..

Armchair trader likes it too.


Digby Jones of course lost it years ago but why judge it just on him .?
Posted at 28/4/2024 12:47 by simon gordon
Yump,

As an outsider, there are a limited number of touch points to judge the ability, character and talent of the leading players in a small company. The ex-chairman's judgement on Brexit will be seen by some as delusional and a number of utterances puerile. The crack-up between the founders and the cratered share price cast questions on his steering of the company as a PLC.

FT - July 2017

On Tuesday, there was a tweet about Brexit from Lord Digby Jones.

He is the former director-general of the UK’s CBI business lobby group and he served as a government minister for trade and investment when Gordon Brown was prime minister. Lord Jones is a legislator in the House of Lords and promotes himself as an authority on business. You would expect not only that he would know what he is talking about, but also that he had something worth saying.

You would be wrong. The tweet said:

“So that’s trade deals with both the US & Oz in the bag. Remoaners must be hating this.”

Where does one begin? What do ridiculous statements like this signify?

The second sentence can be quickly dismissed. It is in the language of the playground, not the upper house of parliament.

-----

He reminds me a bit of Boris Johnson. Johnson actuates the fool archetype. A business is after all a collection of people.
Posted at 26/4/2024 15:28 by simon gordon
Yump,

He is leaving the BoD in 2025.

I had looked at AGFX over the years and was put off that he was the Chairman. On top of that was the fracturing relationships between the founders.

I took a look again when Rockwood sold down as they've been uber bullish. Rockwood put a lot of stock in the new Chairman. Quite odd that they've reduced at the all-time lows. You'd expect them to be adding.
Posted at 26/4/2024 14:42 by simon gordon
Yump,

It's not about Brexit, it's about his poor calls. If he can make such poor calls on something economically important it casts doubt on his judgement. As I say, his calls were so off that he had an index named after him. Is he making p*ss poor calls as a non-exec? He was Chairman of the company at one point. Share now at an all-time low. Was he demoted from being Chairman to a non-exec?
Posted at 26/4/2024 14:34 by yump
So whats that got to do with AGFX, or is it just that being wrong about Brexit job losses means he must be wrong about everything ?

In which case let him who is without… etc etc, throw the first stone
Posted at 23/4/2024 10:37 by red ninja
Mmm credibility problem with AGFX as pointed out by by post 902.
Posted at 20/4/2024 10:51 by simon gordon
Share at an all-time low. Rockwood reducing after being bullish for a good while. It was a Springboard position which currently looks more like turning into a belly flop.

Leadership has been chaotic. Digby Jones on the BoD is a red flag. Interim CEO, Interim CFO. With such an unstable leadership situation a competitor might find traction in poaching key staff away.


free stock charts from uk.advfn.com
Posted at 08/3/2024 06:44 by tole
https://citywire.com/funds-insider/news/expert-view-lse-argentex-brooks-macdonald-elementis-grafton/Argentex has hit a rough patch, says Downing's McCathieCurrency services group Argentex (AGFX) may have hit a tough patch for trading but Downing manager Josh McCathie says it has made 'significant investment' in the business.McCathie holds the currency management and payment solutions provider in his £37m VT Downing Small and Mid-Cap Income fund. He noted the company announced in November that 'it expected to report revenue and operating profit at similar levels to the year prior'.However, the shares are down 40% this year as management updated their outlook for the worst.'The board now expects revenues to be down by 1.2% and operating profit down 29%,' said McCathie.He noted that the 'business has made significant investment in people, technology, and overseas expansion during a challenging period for markets' and this has led to it incurring 'some costs not previously anticipated.'The shares gained 1.3% to 54.7p yesterday, but have lost 59% over the past year.
Posted at 27/10/2023 16:39 by red ninja
Investors Champion anknowledges the risks, but still likes them :-

"Why is it a Bonkers Bargain
We acknowledge this business has little real visibility and the departure of the former CEO has brought further uncertainty in a very fragile market, but the £85m valuation at a share price of 75p looks fantastic value for a business forecast to deliver pre-tax profits of £13.4m and earnings of 9p per share in the current year to December 2023 - PER 8x. Forecast free cash flow of £7.8m suggests a free cash flow yield of 9%, after a significant £4.3m of investment in capital expenditure to support of growth .

It’s resilience over the pandemic (and commitment to the dividend) should be commended, yet this is also not reflected in the share price.

The reinvigorated growth strategy is at an early stage. This includes developing new, higher value products (Structured Solutions); leveraging technology to embed the proposition more closely into the client’s day-to-day (Online trading, Alternative Banking); and capitalising on International growth through launch in both the Netherlands and Australia.

The Amsterdam office, which only opened in March 2020 and received its EMI licence in 2022, has been trading ahead of expectations and they await an Australian licence with the intention of opening in Sydney.

While AIM peer Alpha Group International (formerly AlphaFX) has developed a more extensive technology focused offering, and has been faster growing, it carries a rating nearly more than twice that of our Bonkers Bargain – ALPH: PER Dec 2023 28x. A high margin growth business delivering high returns on capital like Argentex justifies a much higher rating.

While additional costs will constrain earnings in the short term, these are in support of future growth.

Argentex is a simple, high return business, which avoids speculative FX trades and continues to focus on mainstream, low volatility currencies.

With growth having resumed the current £85m valuation (at 75 pence) remains firmly in Bonkers Bargain territory.

It remains a minnow in a market dominated by the large banking groups and a sizeable growth opportunity beckons.

Patient shareholders will also be rewarded with a now 4%+ dividend yield."

It goes without saying that not all Investor's Chamion tips succeed.
Argentex share price data is direct from the London Stock Exchange

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