many thanks smithie |
...the nub of that msg was that the real price to sell, at that time, was markedly higher than the quoted price to sell. (a good indicator for anyone holding the shares, that hopefully/probably that the quoted price to sell would move up to equal the real mkt price to sell at some time) |
i am yearning to understand this smithie please can you summarise the nub of this message |
dummy sell
£1k.....42.2p. :-)
nice one...keep on trucking ! |
 re-posting part of my post 1079 since I think it is still relevant info
"So, I make the NAV, end of June '24, as £52m, or £50m NTAV if you subtract £2m for the intangible assets. (noting that I have removed the lease costs for future years, as explained in this post).
NAV of £52m versus a cap. value £46m according to ADVFN.
Or £50m NTAV versus a cap. value of £46m.
cheap as chips imo despite the rise from 28p/share to 38p/share."
-----
& updated for the share price of ~42p for a cap. value of ~£50m
'So, I make the NAV, end of June '24, as £52m, or £50m NTAV if you subtract £2m for the intangible assets. (noting that I have removed the lease costs for future years, as explained in this post).
NAV of £52m versus a cap. value of ~£50m @42p/share
Or £50m NTAV versus a cap. value of ~£50m.
cheap as chips imo despite the rise from 28p/share to 42p/share'
=======
And of course the takeover price for AGFX (from WISE, Revolut, buyer of EQLS or other companies) has gone up imo due to obtaining licences in recent months/years in Holland (which surely gives trading access to other EU countries), Australia & Dubai. |
Yep saw that but also saw the insane volume the Friday before ! And then saw Zak Mir that weekend stating big resistance and 39p which has proven the case since that tip
Until today 👍 |
Argentex was chosen by Share Watch as one of it 10 NAPS for 2025 |
~£43k bt in 1 trade at ~42.8p, ~1p above the quoted mkt price to get the volume. |
each to their own opinion....
imo it broke out at ~30p
breaking out of its down trend.
(imo the key points on the chart on the way down from 120p are irrelevant & are not imo resistence or support points for this new uptrend)
but each person can read/see different things from a chart & give different importance to those 'things'/signs. |
Breaking out then because resistance was 39-40 |
Net cash v. material vs. market cap, so EV/EBITDA now starting to look odd, given new revenue streams and new platform on track for H2 IMO....have bought back in for a very material recovery this year. DYOR |
I've taken profits here. Will buy if it double bottoms. Thanks |
....talking about the IT plan
"Progress to date has been excellent: milestones have been met ahead of schedule and we remain on track to launch new services in H2 2025".
good news |
Devonlad
imo the down trend was already broken, at 31-32p
for me it started a new up trend from 28p.
for me, chartwise, any resistance or support points on a down trend are irrelevant for a new uptrend. For me, only the resistance/support points on the uptrend are relevant.
Since the big jump up from 28p there have been some sellers but hopefully with today's news the buying will dominate selling & the price will hopefully close at a higher price from the previous recent range of ~36-38p. (& then hopefully grind upwards from there in coming days/weeks, since today's news looks very positive imo).
but of course, charting signs are no g'tee. |
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/detailed-result-full/AGFX/1160 |
"Australian and Dubai licences granted in year and regions now fully operational"
& another very positive sentence in there.
and a lot of words about the technical side & that it has gone better than planned.
and revenue of just over £50m versus the expected mid 40s. Trading is up in H2 versus H1.
-----
excellent. |
Spot on Sphere25, 40p goes and 60p comes into play, decent risk Vs reward though. Watching before adding more for a conviction trade. |
With a nice double bottom |
Right on the cusp of a breakout, either goes or goes stagnant imho! |
 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. |
That’s quite a beat on revenue for a company widely perceived as being in the doldrums
Sounds like there’s a decent chance that translates into an upgrade to the EBITDA margin too- think it would be refreshing (given issues in the past) if they kept estimates on the conservative side for the time being |
..you expect a trading update RNS ? |
RNS tomorrow? |
recalling post 1079
if exclude future years of lease liability (& future years of wages, tax....) it looks like the cap. value is lower than the NTAV.
(NTAV excludes the asset value of intangibles; only £2m, so, if you want a number for NAV incl. intangibles, just add on £2m (as mentioned just above, the lease liability for future years has been excluded, as justified in post 1079)
then I make it that, at the end of H1
"£50m NTAV versus a cap. value of ~£44m". @37.5p. |
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