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| 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
|
|
|---|---|---|---|---|---|
| 0.90 | 2.51% | 36.80 | 6,878,745 | 16:35:21 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 36.00 | 37.00 | 37.70 | 32.60 | 35.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security,commodity Exchanges | 41M | 7M | 0.0618 | 5.99 | 41.88M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:07:29 | O | 250,000 | 36.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/5/2024 | 16:54 | ALNC |  EARNINGS AND TRADING: Deltic's new licences; Roadside AIM restoration |
| 03/5/2024 | 07:00 | UK RNS | Argentex Group PLC Retail Offer |
| 02/5/2024 | 18:44 | ALNC | Argentex raises GBP3.3 million through placing of shares |
| 02/5/2024 | 17:55 | UK RNS | Argentex Group PLC Results of Placing |
| 02/5/2024 | 15:45 | ALNC | EARNINGS AND TRADING: Trident Royalties swings to profit |
| 02/5/2024 | 07:01 | UK RNS | Argentex Group PLC Proposed Fundraise |
| 02/5/2024 | 07:00 | UK RNS | Argentex Group PLC Full Year Results For the Year Ended 31/12/2023 |
| 17/4/2024 | 07:00 | UK RNS | Argentex Group PLC Holding(s) in Company |
| 27/2/2024 | 07:00 | UK RNS | Argentex Group PLC Holding(s) in Company |
| 23/2/2024 | 07:00 | UK RNS | Argentex Group PLC Holding(s) in Company |
Argentex (AGFX) Share Charts1 Year Argentex Chart |
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1 Month Argentex Chart |
Intraday Argentex Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/5/2024 | 15:20 | Argentex | 964 |
| 29/12/2023 | 18:01 | Argentex, the bespoke service-led FX solutions provider | 1,337 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 05/5/2024 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 35.90p.Argentex currently has 113,200,000 shares in issue. The market capitalisation of Argentex is £41,884,000. Argentex has a price to earnings ratio (PE ratio) of 5.99. This morning AGFX shares opened at 35.90p |
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 17:59 by silverlandfinance I have had another quick look at the RNS published this morning in respect of the placing.Two things stand out. 1)The company has identified a "sizable opportunity". Does this mean that it is to acquire another company?The wording does not indicate that it is raising money to expand what it already has. 2)The placing with the instutions is to open and close on the same day ie 2nd of May. In other words, we will know the results tomorrow. Does this mean that the company knows that it has firm takers at 45p a share. If this is the case, the share price should rise to 45p tomorrow. |
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 15:08 by nick rubens silverlandfinance"How do you square a placing price of 45p per share with a market price of 36p" 1. Placing could flop? 2. Placing stock is to be simply worth less in the market as there are no other outlets to sell them who will promise 45p back to placees. 3. Your scenario, maybe the market is wrong? |
Posted at 02/5/2024 12:00 by silverlandfinance How do you square a placing price of 45p per share with a market price of 36p per share.?The share price has got to go up! |
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! |
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 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. |
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