We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Argentex Group Plc | AGFX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 33.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 33.60 |
| 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 09/5/2024 19:43 by ali47fish 9 May 2024Argentex Group PLC (the "Company") PDMR Dealing Argentex Group PLC (AIM: AGFX) announces that David Winney, Chief Compliance and Risk Officer, on 7 May 2024 purchased 50,000 ordinary shares of £0.0001 each ("Ordinary Shares") in the Company at a price of 36 pence per Ordinary Share. Following this transaction, David Winney's total beneficial interest in the Company is 50,000 Ordinary Shares representing approximately 0.04% of the Company's issued share capital. any significance in this |
Posted at 06/5/2024 16:11 by adamb1978 Thanks Dorian. I agree with your comments on the forecasts - if you look at CSFS in H2 2023, the forecasts for 2024 are utterly nonsensical, unless after rapid growth the company hit a wall at the end of the year.I'm surprised that they didnt try to make more of the differentiation which you mention in the prospectus, then again I guess they were so much smaller at the time that just associating themselves with company's several times bigger was viewed enough. As I said, I only have a small position in CSFS however given the apparent more challenging trading seen by AGFX, I was interested in people's views on the difference given I invest almost solely by numbers. Looking forward to CSFS' results on Wed, and will leave this board in peace now (though I think discussing peers' performance is relevant to any company...) |
Posted at 06/5/2024 14:32 by dorian12 CSFS have been smashing forecasts. 2023 revenue was originally forecast at £5.7m at the start of the year and actually came in at £9.6m. Likewise I expect the 2024 broker forecast of £11.3m to be well beaten.The current CSFS 2024-2026 broker forecasts are out of date. They weren't upgraded following the 2023 trading statement in January. The H2 2023 revenue was £6m, so the 2024 forecast of £11.3m is now less than 2x H2 2023 revenue.The forecasts are far too low imo, given the 100% revenue growth over each of the last two years and the CEO's £100m aspirational revenue target in 5 years.The broker has said they expect to reappraise their forecasts following the 2023 results release, which is due on Wednesday. The 2023 numbers are already largely know from the trading statement, but we should also get a trading update for Q1 2024.Based on the current conservative forecasts, CSFS would have a 16% EBITDA margin in 2024, rising to 27% in 2026. When revenue forecasts are upgraded these EBITDA margins should also increase.This compares with AGFX forecasting a low single digit EBITDA margin for 2024 and high single digit for 2026 (or mid-teens with the additional investment).The market cap of CSFS is £22m. Current forecasts are for £1.8m EBITDA in 2024, rising to £4.4m in 2026. I think it's cheap based on these outdated forecasts, which I hope will be upgraded continuously as we move through 2024, starting with the update on Wednesday. |
Posted at 06/5/2024 14:24 by dorian12 I think AGFX and CSFS are different businesses. CSFS is doing a great job at being a cross border fx payment provider to HNWI and corporates, almost wholly with spot deals (and therefore no collateral requirements).I think AGFX is a more complex business offering fx risk management services, focused on Financial Institutions and large corporates, and with the majority of their revenue from forward contracts and structured solutions contracts.The CEO is doing a very good job at CSFS. They have built their scalable tech platform and are focused on their core business of processing cross border fx payments, offering clients better rates and service than banks. They are expanding their payment network, increasing the number of currencies they can offer and expanding geographically, whilst staying focused on being a payment provider.There is a huge amount of business to be won in this space from the banks. This can be seen by the CSFS revenue growth. Admittedly from a small base, but it has grown revenue by 100% for each of the last two years (from £2.3m in 2021 to £4.8m in 2022 to £9.6m in 2023). The CEO has stated an aspirational target of £100m revenue in 5 years.Perhaps AGFX is realising it's a space they want to be more involved in. |
Posted at 03/5/2024 16:57 by adamb1978 HiCan someone help me with the difference between AGFX and CSFS? Reason for asking is that: AGFX recently said "The adverse market conditions experienced during 2023 continued into the first quarter of 2024" CSFS Jan TU: "The Group is pleased to confirm that the previously reported strong trading momentum was sustained to year end" CSFS prospectus said: "The Directors believe, there are three notable competitors quoted on the London Stock Exchange: Argentex Group Plc, Equals Group Plc (formerly FairFX) and AlphaFX Group Plc. These listed foreign exchange businesses have different sector focuses to the Group...." Is that different in trading experience really as simple as different sector focus? I know CSFS talk heavily about their tech platform...whereas AGFX makes less of a play of tech. Reason for asking is that, whilst I apply almost complete strategic ignorance in investing and invest almost purely on numbers, its hard to ignore read across from one competitor to another. I have a small/moderate position in CSFS and believe it looks cheap even if you assume zero growth on top of their their annualised H2 2023 figures. Cheers Adam |
Posted at 02/5/2024 19:10 by zebbo I feel someone will gobble up AGFX |
Posted at 02/5/2024 15:23 by earwacks HSBC launched Zing at the beginning of this year in a ‘big fight back to fintech companies.’ It’s got off to a luke warm start. No surprise there. The question is will more banks follow. Personally I think banks are too lazy and too incompetent to make any fight back a substantial threat. The question therefore is why don’t the banks just buy a ready made Equals or Agfx? Probably be cheaper for them in the long run. So the outcome of the protracted Equals take over or should it be please take me over, largely defines whether Agfx is a takeover or basket case. They have been a total mess since the IPO but is it actually a business with a future or did they just seize an opportune moment while banks were forced to redefine themselves? Agfx was a punt at £1, a punt at 80,70,60,50,40 and now 35p. Uncomfortably familiar story here. As said many times the truth about this decline and history of the founders is not entirely clear to me, although I have delved. I think there are better risks out there like roulette |
Posted at 02/5/2024 11:37 by 74tom @eagle eye, EQLS is also dangerous IMO. As far as I can see they aren't splitting out interest income in their accounts, it's all just classified as 'revenue', AGFX do split it out and have recognised £1.1m in today's accounts, Alpha Group recognised £73m of interest income...IMO EQLS likely made £5-10m in interest income last year, which explains how they managed to add £18.6m to gross profit despite only increasing revenue by £26m. It would also explain why they put the business up for sale & 6 months later still haven't concluded anything. If the sale process falls through then look out below. Alpha is by far the best company in this space, hence the up listing to a premium listing today & 10 bag since 2017 IPO. |
Posted at 02/5/2024 11:00 by eagle eye I'm a previous shareholder in AGFX.I sold out last July on the the basis of a trading update which was woefully short of detail plus an unprofessional chitty chatty interview on Vox. As with many companies in AIM, broker notes aren't often worth the paper they are written on. To think AGFX could get away with a cash raise at the 45p, which was at the current market price was miscalculated at best. In this market it needed to be discounted at least 15 to 20%. The market obviously isn't impressed and is currently 37-38p. Today's RNS appears to contain a lot of reassuring waffle that is short of detail. Give us your money and we will realign the business towards sunnier days in a few years time. Investors should take a look at Equals whose revenue is growing at a faster rate and margins higher than AGFX looks to aspire to. What's more Equals has built it's model and is rapidly gaining traction. One wonders why some companies come to AIM. Looks like AGFX listing was to enable founding shareholder to make an exit. Now everyone gone, looks like it's job done and dusted. What's now left is a ragbag of a business that needs to realign to a new business model. Best of luck to all those who remain, but for me it's lesson learnt and over and out. |
Posted at 02/5/2024 10:26 by simon gordon Yump,A business is a collection of people. The people who have run this business have led to it requiring an emergency placing at 45p. It's a clown car crash. The bulls keep comparing it to Alpha and don't seem to understand that a business is a collection of people. If you look at the new CEO's CV on LinkedIn it shows little to no expericence in what he is now endeavouring to do. If AGFX were serious they'd poach one of the top people from Alpha or a similar competitor. This company has been third rate because the management has been third rate. Ultimately, the problem with this company is the institutional shareholders who accepted Jones as Chairman and have now put in charge a CEO who comes from PoS hardware and does not eat, sleep and breathe FX. Good fortune! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
