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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
|
|
|---|---|---|---|---|
| 0.75 | 2.06% | 37.20 | 16:35:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 37.90 | 37.00 | 37.90 | 37.20 | 36.45 |
| 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 21/1/2025 10:52 by martinmc123 3*Argentex Group plc, the global specialist in currency risk management and alternative banking, issued a slightly more encouraging trading update for the 12-month period ended 31 December 2024 this morning. The Board expects to report FY24 revenues of approximately £50.3m, marginally ahead of FY23 £49.9m, and ahead of managements and consensus mid £40 millions expectations for the year. The Board also remains confident that...from WealthOracle wealthoracle.co.uk/d |
Posted at 21/1/2025 07:53 by sphere25 Better than expected, in terms of how terrible AGFX have been, but still another wishy-washy statement. Call that marginal improvement with the promise of delivery. Can they be trusted now?What is the bottom line number and cash position too? That just strikes you as more of the same from AGFX, where you're not entirely sure whether they are going to deliver or not. But hey, at least it isn't a warning. Anyway, let's see how the year progresses. All imo DYOR 09:32 Decent early exchanges totalling 670k. Price is at 38.8p so just where it has moved post the large exchanges (still no rns) and the SCSW tip. So in light of those and how far the price has fallen here, the market is undecided on the basis of early morning exchanges. It would just have just gone flying through 40p already if there was firmer belief here. So they'll be having words with management to work out whether to push the rating higher now. We just have to sit and wait to see how those interactions go. But clearly folk are watching that key 40p mark for some form of trading opportunity. |
Posted at 15/1/2025 12:40 by smithie6 licence for Holland"Argentex Group PLC (AIM: AGFX), the provider of bespoke foreign exchange services to institutions, corporates and high net worth private individuals, is pleased to confirm that the Dutch National Bank has granted Argentex BV, a subsidiary of Argentex, an Electronic Money Institution ("EMI") licence in the Netherlands." Does anyone know what that allows them to do & what it does not allow them to do ? I assume it is not a full/normal banking licence (or is it ) ? |
Posted at 12/1/2025 17:39 by smithie6 ....its not very important now (as long as the renumeration committee has changed its members & capable of learning from that past mistake & avoid repeating it----- any bonus should, imo, 'perhaps' reward a notable increase in the eps averaged over 3 years, where there is confidence that it is an on-going improvement & also that it is due to the dirs that get the bonus & not just due to external factor (which will often go up, & down.....& dirs shouldn't get a big bonus for that, imo) bonuses should also take in to account not just averaged eps but also changes such as nett debt, since if dirs. improve the eps by taking on excessive debt it infers massive risk, & that should not be rewarded. But I have zero hopes that the bonus schemes of UK listed companies will be wisely created, unless a wise rule book is introduced & that currently looks impossible. Anyway for AGFX I understand that there are no share options in place since they were all deleted in 2024. And any new options (likely to be announced in coming weeks/months imo) will hopefully have 45p as the exercise price (price of last cash raise) & shareholders would imo happily give some reward to exec dirs if the share prices rises up above 45p. (with any options based on an exercise price of 45p, imo). ---- Existing cash bonus scheme for exec dirs. The '23 AR says it is discretionary, decided by the renumeration committee. |
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 12/1/2025 11:46 by smithie6 btw...the year to Dec 2022. The combined performance payment to the 2 main exec. dirs was £1m. In hindsight this payment is solid proof imo of the bod at that time. That payment of £1m did not achieve or reward what it should have achieved, to reward long term improvement in the performance of the company. As proven by the bad results the year after, the collapse of the share price & the board sacking those 2 directors (who of course do not pay back the stupid £1m bonus !). ( & imo it is also proof of the general incompetence of the bods of listed companies in setting up bonus schemes for directors) ====== Pay level for the new chairman. £150k. excessive imo. Although he has poured a lot of his own money in to buying shares, so he will be doing as much as he can to see the co. do well. However he is just a part time non-exec. He isn't clocking in at AGFX HQ every day. |
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). |
Posted at 04/10/2024 08:17 by hibberts 3 October 2024Argentex Group PLC (the "Company") Director / PDMR Dealing Argentex Group PLC (AIM: AGFX) announces that Nigel Railton, Non-executive Chairman, on 2 October 2024 purchased 294,387 ordinary shares of £0.0001 each ("Ordinary Shares") in the Company at a price of 34 pence per Ordinary Share. Following this transaction, Nigel Railton's total beneficial interest in the Company is 586,430 Ordinary Shares representing approximately 0.49% of the Company's issued share capital. For further information, please contact: |
Posted at 02/10/2024 17:46 by ali47fish 01 October 2024Argentex Group PLC (the "Company") Director / PDMR Dealing Argentex Group PLC (AIM: AGFX) announces that Guy Rudolph, Chief Financial Officer, on 30 September 2024 purchased 60,021 ordinary shares of £0.0001 each ("Ordinary Shares") in the Company at a price of 33 pence per Ordinary Share. Following this transaction, Guy Rudolph's total beneficial interest in the Company is 60,021 Ordinary Shares representing approximately 0.05% of the Company's issued share capital. For further information, please contact: |
Posted at 02/5/2024 10:00 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. |
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