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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Argentex Group Plc | AGFX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.035 | -1.40% | 2.465 | 16:35:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.98 | 2.36 | 2.98 | 2.465 | 2.50 |
| Industry Sector |
|---|
| NONEQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/09/2023 | Interim | GBP | 0.0075 | 12/10/2023 | 13/10/2023 | 13/11/2023 |
| 12/04/2023 | Final | GBP | 0.0225 | 29/06/2023 | 30/06/2023 | 04/08/2023 |
| 06/07/2022 | Final | GBP | 0.0125 | 25/08/2022 | 26/08/2022 | 26/09/2022 |
| 08/11/2021 | Interim | GBP | 0.0075 | 09/12/2021 | 10/12/2021 | 07/01/2022 |
| 01/07/2021 | Final | GBP | 0.02 | 12/08/2021 | 13/08/2021 | 13/09/2021 |
| 03/08/2020 | Interim | GBP | 0.02 | 13/08/2020 | 14/08/2020 | 10/09/2020 |
| Top Posts |
|---|
Posted at 11/6/2025 12:54 by eagle eye Today IFX have succeeded in acquiring AGFX for 2.49p a share.68.6% of shareholders voted. Of those, 85.7% voted in favour and 14.3% against. So that's the end of the story. Over and out. |
Posted at 10/6/2025 06:10 by m1sterx There will be counter offers, why are the current board so happy to recommend the lousy IFX £3m takeover when AGFX were previously valued at £100m.There is no premium in the current share price to account for new offers, those who have sold out for sub 3p may well regret it. |
Posted at 06/5/2025 15:50 by eagle eye Edmate,Yes you are quite right. This is a black box business and you assume the risks are being professionally managed by the people within the business. AGFX had headroom of about £7m, but look at how much they have needed to stay afloat...a multiple of that. The company sounded out existing shareholders for more cash but they declined which not only shows how dire the situation was, but the business could have gone bust. The week before suspension I thought AGFX were making hay with all that US $ volatility. Shows how wrong you can be at times. Many commentators suggested that their Equals proceeds should be moved into here, but this is a totally different business with a different risk profile. For some people it's hard to move on mentally after an experience like this, but if you play the long game then this is just a minor bump in the road :-)) |
Posted at 24/4/2025 08:03 by masurenguy Wise is on track to be a big winner in the cross-border payments marketGroup’s long-term ambition is to become ‘the’ network for the world’s money Just out of interest: Formerly held EQLS but no current position in either AGFX or Wise. |
Posted at 23/4/2025 19:23 by big7ime None of this makes sense, volatility was always supposed to be good for the business and Agfx had plenty of cash which was supposed to be more than enough to meet regulatory requirements. Also, the dollar hasn’t exactly collapsed, and it was at this level six mths ago. Most of the business is importers buying dollars so the rate is surely in the money for Agfx. The likes of Hill and Brough who I’d expect to have done plenty of due diligence were both extremely bullish tooAs usual though, this thread hasn’t one educated post so there’s nothing to learn here. |
Posted at 23/4/2025 16:07 by vikeshm1 Paul Hill 3 weeks ago: (talk about smug)s everyone knows, smallcap investing is DEFINITELY not for widows and orphans. However in order to improve the odds, it's crucial to have a disciplined & structured approach when stock picking. Which for me, involves assessing four key factors, namely: Company, Industry, Price vs Value and Management. Here, B2B international payments and forex services firm Argentex Group PLC ticks all the boxes, especially the 4th where I have always rated CEO Jim Ormonde as top notch. In fact today after posting better than anticipated FY'24 results, the Board has upgraded guidance, with house broker Singer Capital Markets hiking their adjusted FY25 EBITDA forecast from £1.7m to £4.5m on sales up 5% to £52.8m vs £50.3m LY. In terms of the balance sheet too, there was net cash of £18.4m as at Dec'24 - equivalent to a 'ball-park' headroom of £5m (my guess) that is freely available to Argentex Group PLC after deducting regulatory requirements. Sure going forward, there'll still be a temporary drag on performance due to ongoing investments in overseas expansion, new products and the forex IT platform (AGP) which is slated to go live in the Summer. Yet equally if you are a risk tolerant investor like myself with long-term time horizons, then I can see hashtag#AGFX more than doubling over the next 12-24 months. My target price is 88p/share vs Singer Capital Markets at 70p. |
Posted at 23/4/2025 07:40 by carcosa AGFX gets a quizzical mention on CNBC.... Extremely rare for a small cap |
Posted at 22/4/2025 15:20 by cambridge130 I stated last year when the shares were 29p (off the top of my head) that AGFX was a crock. As I remember stating then, of the CEO and CTO disappear in short order to be replaced by these fools and with no real comment from anyone in the press. Huge huge red flag and no one wanted to discuss it.Shareholders will get back 10% of what they have now if anything after the coming rights issue. Argentex has zero credibility now and will fail. No competitor like Alpha Group International would come to the rescue? Why would they? These are rotten to the core and the employees are useless and demotivated and the business is broken. Alpha don't need to buy them, because Argentex will simply just fail. |
Posted at 12/1/2025 11:51 by smithie6 any AGFX experts reading ?What is the situation with the planned expansion in the EU ? The licence in Holland was obtained quite a while ago, yet it appears to me that AGFX is not yet serving any clients in the EU outside of Holland. (on the AGFX website it has a drop down list for countries, in Europe it only offers Holland, the biggest EU economy, Germany is not offered). Is the EU expansion moving more slowly than expected ? |
Posted at 11/1/2025 13:21 by smithie6 I'm not an agfx expert.The company has a product or product set called "Alternative Transaction Banking product" in the accounts, (& we know it is multicurrency, I think/assume). And the co. can provide clients with their own Euro Iban account number via their licence in Holland. ..but AGFX is for big clients rather than for Joe Bloggs in the street (which is included in the target market for Wise & Revolut). So, is the AGFX product set essentially competing with companies like Wise, Revolut & Equals ? Or does AGFX provide important products that Wise-Revolut-Equals do not offer ? If AGFX is competing head on with Wise-Revolut-Equals what are the advantages (or disadvantages) of the AGFX service to clients vs the Wise-Revolut-Equals offer ? (Equals used to be called Fair FX I understand & from the little I know it also widened out its products suite, as AGFX is; & Equals' shareholders have recently voted yes to a takeover over for Equals at ~140p/share I think). |
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