Argentex Share Discussion Threads

[dr biotech] 09/2/2023 15:45

Its all about confidence in the management/company. They have had a few years of overpromising and under delivering - so whilst things appear to be back on track the market wants a few quarters of solid growth to prove it. They probably deserve a lower rating on that basis, but will hopefully close the gap.

[big7ime] 09/2/2023 14:31

No reason why the p/e shouldn’t be in the 20s which would mean a share price in 200s or even 30s
Agfx has one of the lowest if not THE lowest in the sector.
t5 there’s plenty of shares with p/es in 40s, this is where you make the real money, buying when the p/e is low and seeing its profits rise alongside the increase in P/E hence a good re-valuation
I managed it with GAW, buying when it was unloved, now they fall over themselves to buy it at a much higher rating (I believe GAW p/e went from around 6 to over 40, the share price didn’t rise from low single figs to 120quid just on the increase in profits.

[yump] 09/2/2023 14:00

Seeing what happens at a peg of 1, gives you an idea of how much valuation space you’ve got.

I seem to remember a fund manager interviewed recently hinted that he thought a share price beginning with “2” would be reasonable.

[phillkay] 09/2/2023 09:18

Sure, this is just a common scenario that value investors use to consider what a fair price might be (where PEG = 1).

[trident5] 09/2/2023 08:42

But slinging out a valuation based on a PE multiple of 40 is just cloud cuckoo land.

[yump] 09/2/2023 08:10

Last time I saw a post about p/e, growth rates and Pegs on advfn was years ago !

Yet its still the real measure of what you’re getting in a growth share, while all the ebitda, enterprise value, revenue multiples and other kings new clothes calculations just muddy the waters.

[phillkay] 08/2/2023 22:24

AGFX 31st March FY - 2020 diluted 7.1p, 2021 5.2p, 2022 6.6p, 2023 9.5/10p maybe (HY 4.5 v 3). Current PE 131/6.6 = 20ish, 2023 = 131/10 = 13/14 (earnings growth = 9.5/6.6 = 40%) 2023 PEG 14/40 = 0.35, so for a PEG of 1 for example, PE should be 40, price should be 380p/9.5 = 40. That is a long way from 131p.

[johndoe23] 02/2/2023 19:45

Agreed. I'm watching to see if it breaks 140p!

[toffeeman] 02/2/2023 19:19

A few tests of 140 ahead then it's potentially 170 and if that gets support 200.

[johndoe23] 02/2/2023 19:03

Not tipped, but yes bought. Hence the rise

[tanneg] 02/2/2023 18:38

Tipped again by The Naked Trader

[johndoe23] 30/1/2023 09:11

I suppose answering my own question, people taking profits, long termers coming back in later

[johndoe23] 30/1/2023 09:09

This usually dives after any results or updates, any reason why? Then picks up after a week or two

[disc0dave45] 26/1/2023 18:43

Thanks Paul for posting.Still more upside.

[yump] 26/1/2023 17:10

If they can fund continual growth while increasing profits significantly year on year, that's pretty much the holy grail of business. (and investment)

[chinahere] 26/1/2023 14:47

Thanks for the video. To make it clickable just capitalise the first HTTPS:

[brummy_git] 26/1/2023 14:32

In this 'must watch' interview, CEO Harry Adams of Argentex - a specialist provider of foreign exchange services - takes me through today's impressive yearend trading update & exciting growth trajectory.

www.linkedin.com/posts/paul-hill-a5994116_interview-with-ceo-harry-adams-from-argentex-activity-7024383183634714626-btJb?utm_source=share&utm_medium=member_desktop

[chinahere] 26/1/2023 10:54

Revenues 63% increase compared to the same period last year.

and

Argentex will continue to invest to double the footprint of its UK and European headquarters over H1 2023.

Nice.

[big7ime] 26/1/2023 10:30

No idea trident, will have to reappraise on progress and 2023 results. Can’t see the share price languishing under 150 for long now but I’m also in for the long term

[melton john] 26/1/2023 10:01

ali47fish, this chart will illustrate my point. The "smart" money who sold out in mid 2021 are likely still on the beach somewhere in the West Indies as there is a shortage of snow for skiing.


free stock charts from uk.advfn.com

[trident5] 26/1/2023 09:24

What's the target at break 210?

[big7ime] 26/1/2023 09:18

Break 140 and there’s a wonderful inverted H&S to 210p tgt.

[qs99] 26/1/2023 08:53

Singers increase in TP 23% is a material upgrade IMO....DYOR, happy to hold...

[yump] 26/1/2023 08:42

MJ

Absolutely. Gloom and fear last a long time. Mainstream media will probably only cover market recovery when its already up 50%.