Argentex Share Discussion Threads

[trident5] 12/4/2023 09:29

Revenues for the 9 mths to December 2022 were £41m and revenues for the 12 months to March 2022 were £34.5m

Pre-tax costs for those periods were £31.4m and £23.9m respectively.

It's no good increasing revenue if every £ of increased revenue costs more than a £.

[disc0dave45] 12/4/2023 09:10

Note 2 - Revenues generated in the 9 month period ended 31 December 2021 were GBP25mRev for 9 month period ended 31 December 2022 was £41m.

[trident5] 12/4/2023 09:08

My comparison was 9 months against the prior fully year, and my point stands - every £ of increased revenue cost £1.15.

Which I think explains Singer and this morning's market reaction.

[manics] 12/4/2023 09:07

This has been a right dog.Compare it to sector peers which have bagged since the pandemic. AGFX still trades 10% below the IPO price (after opening premium) years on and that's in nominal terms, never mind real, share price today is biased to the ATL and a country mile from distantly aged ATH's, with their peers posting relatively recent ATH's.Excuses include Carl Jani, change of strategy yada yada. Years on, still no jam imo.Now we're poking fun at Carl -when he's the only one that's pulled decent cash out of it!

[disc0dave45] 12/4/2023 08:54

tridentFor the equivalent 9 month period FY21, Rev was up £16m not £6.5m.

[yump] 12/4/2023 08:50

I hate it when businesses invest for the future.

[trident5] 12/4/2023 08:44

Well that's generous - no earnings growth is an improvement on what they've just reported.

Revenue was up by £6.5m, but pre-tax costs were up by £7.5m (including £0.9m of one-offs - which always seem to pop up).

So, every extra £ of revenue has been won at a cost of £1.15 !

[disc0dave45] 12/4/2023 07:52

Singer have 9p eps for this FY, yet if you pro-rata the 9 month eps of 6.8p it implies zero earnings growth on 19% uplift in income, why?.

[gswredland] 12/4/2023 07:36

Thanks for link Brummy

[brummy_git] 12/4/2023 07:32

All systems go at fintech, forex & epayments provider Argentex.

Find out all the details here after today's impressive FY22 results & strong outlook.

[eb110] 12/4/2023 07:14

It’s so good to see this company grow, it really feels like the company is set to fly now they have rid themselves of the calamitous co ceo Carl Jani. One look at his LinkedIn profile says it all. Shaved head, on a boat, glass of Rose and tribal tattoo tells you all you need to know. Incredible set of results and the tech offering looks like it could be huge.

[big7ime] 12/4/2023 07:11

Soppy PIs at start not realising they are comparing 9mths with prev 12mth

[rik shaw] 12/4/2023 07:04

Dividend Details
Argentex is pleased to declare a final dividend for the 9 month period ended 31 December 2022 of 2.25p per share. The final dividend record date will be 30 June 2023. The ex-dividend date is 29 June 2023.

[ali47fish] 12/4/2023 07:02

cant believe it when it goes down

[eagle eye] 12/4/2023 06:49

Excellent figures this morning, so well done everyone at Argentex.
Q1 revenue up 34% to £12.7m vs same period last year which is a solid start vs forecast revenue growth of 19% for the year.
Looks like the recent dip was a good top-up opportunity.

[se81] 12/4/2023 06:42

Looks like we are still much closer to the start of the story than the end- early days but the movements in Netherlands, structured solutions, online look promising

Where does the "Alternative Transaction Banking" division fit in?

[doobz] 11/4/2023 14:39

Nice and strong the day before results, looking good

[bunlop] 09/4/2023 16:27

Expecting a breakout above 140 this week if we get positive news about the current outlook with this weeks results.

[brummy_git] 29/3/2023 16:13

AGFX & EQLS both breaking into Europe on the back of their UK expertise.

[doobz] 29/3/2023 10:43

Looking very good now, should undo the damage at the perfect time ahead of update. Fully expecting a break through 140

[qs99] 29/3/2023 05:38

Hopefully the start of the bounce ahead of next update, let's see.

As for Equals, listen to Vox interview, then make a judgement. Recent deal in Belgium, given them Euro access sounds super exciting & IMO the management are v.v. upbeat....DYOR

[big7ime] 27/3/2023 16:00

Heavily adjusted, not something agfx does. Take the basic to get a comparison

[hopeful holder] 27/3/2023 15:58

EQLS around 12 as far as I can make out.

[yump] 27/3/2023 15:32

It had a couple of go's at 140p and rather than stabilising in an average market, luckily for traders, the news following that has been generally dire (nowt to do with AGFX.