Argentex Share Discussion Threads

[melton john] 26/1/2023 07:46

That'll do nicely.

[yump] 23/1/2023 20:12

Bit of fund rotation by Gresham then.

[topvest] 23/1/2023 20:11

Nice technical bounce back here.

[qs99] 23/1/2023 17:41

thanks BG, interesting to listen in to all those. Which is YOUR favourite out of Ken's umpteen chatted about out of interest?

Wonder if update will be tomorrow on ARGTX given spike today?

DYOR

[brummy_git] 23/1/2023 17:12

Top stock pick by Ken Wotton of Gresham

[bunlop] 23/1/2023 16:35

Update due between now and 31st Jan.

[gswredland] 23/1/2023 16:34

Any reason for the sudden buying today?
Tipped?

[qs99] 23/1/2023 14:57

thanks for the comments above. will keep it to this stock on here from now on, just thought useful....Cheers

[doobz] 20/1/2023 11:33

Fancied a few more at these levels, back over 140 Soon

[crazycoops] 10/1/2023 12:36

Or vice versa. I treated myself to a cheeky top up today because I believe the news flow is stronger than sentiment. We have been promised a detailed trading update at the end of January,

[dr biotech] 10/1/2023 12:26

And its disappointing that we are back to the same level as we were before the trading update. Shows that sentiment is often stronger than newsflow.

[topvest] 10/1/2023 12:23

Still the wrong year-end though - we are in a 9m period.

[crazycoops] 10/1/2023 12:18

It seems the anomaly with broker forecasts on Stockopedia has been resolved.

[topvest] 09/1/2023 19:10

Yes, its quite a big number - £4.1m + £1.5m directors' emoluments. However, salary costs are c£100k per person on average and so I suspect that the LLP member's remuneration results in a lower bonus than otherwise be the case. This is like ship broking where nearly half of the profits go to the incentivised dealers. Its how the industry operates I guess, but don't disagree that there is a fairly large chunk of profits being skimmed to keep the key management incentivised.

[goldbutler] 06/1/2023 11:20

It looks as if the shares have rerated since post828 , with a good capital gain
the directors have bought and margins are improving of course

estimates are being met

However the LLP is sucking the orange dry and not leaving
the full benefits of growth to flow through to the EPS figures
this LLP % of revenue will need to change to get a valuation close to the their peers PE ratio. If they allow the increased revenue and margins to flow through
the share will rerate once more.

[crazycoops] 04/1/2023 15:50

Well I agree, broker price targets are ridiculous and not worth paying any attention to. Their forecasts and analysis however, can be very useful and certainly form part of various stock screens.

[dr biotech] 04/1/2023 14:14

That’s quite interesting in itself. Perhaps AGFX don’t feel they need the positive paid for write ups anymore. I’ve always wondered how much they can add, when the reports aren’t particularly objective.


As an example I see Heiq have tanked today and their broker is still calling them a buy at 50p when the share price has halved. Where’s the credibility in that?

[crazycoops] 04/1/2023 13:39

There is a note out from Edison saying they are terminating coverage of AGFX (along with a few others) and that their forecasts should be considered redundant - perhaps this is why the forecasts data has gone haywire?

[crazycoops] 04/1/2023 09:12

This is most strange. Not only did we have the company update in December but house broker Singer published a note saying that they expected further UPGRADES when the company issues a fuller update in (late) January. I suspect this is a short term anomaly but interested to hear if there is a response from Stockopedia.

[rj777] 03/1/2023 19:38

2023 EPS was 9.3p now 4.93p, 2024 EPS was 11.2p now 6.43p. That’s after the company announced on 12/12/22 it expected to beat the original estimates. I’ve messaged to query it, but can’t make any sense of it - even trying to alter for the year end change.

[dr biotech] 03/1/2023 19:24

What does it say? Market Screener has 11.4/14.1 PBT (2023/24)

[rj777] 03/1/2023 18:55

Any stockopedia subscribers noticed the latest EPS estimates for Argentex updated on 2nd January on the Stockreport? Surely incorrect?

[yump] 28/12/2022 13:28

Btw
The period of small movements around 80p in September is known as a “hanging bottom”.

[yump] 28/12/2022 13:18

Capitulation is a sudden big drop when everyone has given up amd there are no buyers.

AGFX possibly had one March-April, certainly not in October. October showed the opposite of capitulation. Unless you’ve got an antimatter dictionary.

Its had a long bottom, although I’ve yet to see an invented term for that.

Unless all these supposedly technical terms have a different meaning depending on whose blog or website you’re reading.

There’s 1001 types of “breakout̶1; for starters.

AGFX is showing the one established years ago by going from 120p to 140p suddenly (>10%) and then revisiting the starting point.

Its now supposed to start on an increase up to 140p and then not go back.