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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
|
|
|---|---|---|---|---|
| 1.20 | 3.11% | 39.75 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.70 | 38.70 | 41.00 | 39.75 | 38.55 |
| Industry Sector |
|---|
| NONEQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 19/6/2024 15:07 by earwacks Under what 20p? They have no debt , but can’t imagine they would get a realistic loan. With the amount the board have invested I think there is a possibility of being taken private. Clearly investors have been the last consideration here by the previous incumbents or their successors |
Posted at 09/6/2024 13:55 by thaiger Cambridge 30....have you got the Cristal ball? Are you smarter than Richard Staveley who Manages Rockwood Strategic Investment Trust? He revealed at Mello that he took part in the placing @45p. When asked why he didn't buy in the market at lower price, he said he's not allowed say as it is not public information yet. All should be revealed on 18/6/24 when AGFX make a presentation on Investor Meet Company |
Posted at 24/5/2024 07:20 by ali47fish never mind beckwith- what does this do for retail investors is it good for us- hvent added so far |
Posted at 20/5/2024 12:22 by silverlandfinance I just bought 40,000 at 36.23pThere is appx 25% discrepancy between the 45p the institutions have paid(I am assuming that they have more information as to what is happening in the company than the ordinary investor) and what the market is paying. I hope I am right. |
Posted at 09/5/2024 13:38 by phillis Some bright investors on this bb |
Posted at 02/5/2024 16:41 by phillis Have Singer had to take the lot?Serve them right They haven’t read investor sentiment v well |
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. |
Posted at 01/2/2024 10:25 by mr roper Stakebuilding. Staveley is a very active investor. Only have to look at his involvement in the turnaround at Pressure Tech. Suspect he'll be taking a closer interest here shortly |
Posted at 11/11/2023 08:14 by jimtech I was invested heavily in Argentex but I sold down earlier this year after reading the Google reviews at hxxps://maps.app.gooHere are some examples: “Won't stop cold calling on the private number, lying to the reception to get through to the right person. No respectable company acts like this.” "Constantly cold calling and rude to my staff when they wont give them my direct line. Won't be using them." "Cold calling me daily. Not a way to get business in 2023." "CONSTANTLY SPAM COLD CALLING ME. I AM REGISTERED ON TPS AND NOT INTERESTED. VERY RUDE SALES PEOPLE AND THE REASON I LEFT IS BECAUSE OF HOW EXPENSIVE U BECAME AFTER A COUPLE MONTHS." "phone calls to private numbers without consent." "Hassling, unsolicited contact, don't take no for an answer, avoid" Clearly Argentex have a lot of work to do in their approach to winning business – from management to sales people - and it’s going to take a while to get back to growth. And given their lack of transparency regarding their business activities AND TWO CEOs AND A CFO LEAVING IMMEDIATELY WITHOUT EXPLANATION (!!!!), I just don’t trust them to do what’s best for their shareholders. Management - what is left of them - run this business like a private company leaving investors in the dark. Arrogance and entitlement abounds. Pleased to be out of it. It'll take a lot to convince me to buy in again. |
Posted at 27/10/2023 15:39 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. |
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