Argentex Share Discussion Threads

[ohisay] 29/4/2024 10:48

Worth a read .Looks oversold to me so Ive taken a small position.

And 18mins here ..

Armchair trader likes it too.


Digby Jones of course lost it years ago but why judge it just on him .?

[simon gordon] 28/4/2024 11:47

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.

[yump] 28/4/2024 10:08

sg

Afaik his index and calls are all to do with Brexit and job losses.

If you choose to extrapolate that to include all economic judgements then that’s obviously your choice.

Quite frankly, I’m sick of the use of specific errors being used as “evidence̶1; of all sorts of other defects, for political or other reasons.

Constant splitting of people and policies into good and bad is a backwards step in civilisation.

Witness the crass comments about Sunak that because he’s loaded, he can’t possibly understand everyday problems.

John Bon Jovi is loaded, but he seems to be in touch.

[zebbo] 26/4/2024 18:49

Agree sales are odd, but the fund is actively traded. Maybe they wanted funds for other investments. Lets not forget they only sold down around 15% of their holding.

[simon gordon] 26/4/2024 14:28

Yump,

He is leaving the BoD in 2025.

I had looked at AGFX over the years and was put off that he was the Chairman. On top of that was the fracturing relationships between the founders.

I took a look again when Rockwood sold down as they've been uber bullish. Rockwood put a lot of stock in the new Chairman. Quite odd that they've reduced at the all-time lows. You'd expect them to be adding.

[simon gordon] 26/4/2024 13:42

Yump,

It's not about Brexit, it's about his poor calls. If he can make such poor calls on something economically important it casts doubt on his judgement. As I say, his calls were so off that he had an index named after him. Is he making p*ss poor calls as a non-exec? He was Chairman of the company at one point. Share now at an all-time low. Was he demoted from being Chairman to a non-exec?

[yump] 26/4/2024 13:34

So whats that got to do with AGFX, or is it just that being wrong about Brexit job losses means he must be wrong about everything ?

In which case let him who is without… etc etc, throw the first stone

[simon gordon] 26/4/2024 10:09

Yump,

The Digby Jones Index, was created in honour of his p*ss poor calls on Brexit.

[yump] 26/4/2024 09:58

Exactly why was Digby Jones a red flag ?

[ohisay] 25/4/2024 02:32

Good to see you back Simon.

[red ninja] 23/4/2024 09:37

Mmm credibility problem with AGFX as pointed out by by post 902.

[zebbo] 22/4/2024 19:45

Personally I think we look vulnerable to a bid at these levels

[simon gordon] 20/4/2024 09:51

Share at an all-time low. Rockwood reducing after being bullish for a good while. It was a Springboard position which currently looks more like turning into a belly flop.

Leadership has been chaotic. Digby Jones on the BoD is a red flag. Interim CEO, Interim CFO. With such an unstable leadership situation a competitor might find traction in poaching key staff away.


free stock charts from uk.advfn.com

[zebbo] 17/4/2024 18:42

Hmmmm, he only sold down c700k still holding a round 5M. I reckon its end of year squaring the books. Looks like a few have been spooked

[ali47fish] 17/4/2024 08:55

74 where have you seen this - please give link if poosible

[74tom] 17/4/2024 08:12

Very unusual to see Harwood selling after only holding for 2 months...

[hamid1970] 02/4/2024 19:44

Yeah, looks like any positive news and this could bounce strongly.
More than happy to hold these bad boys. Balance sheet many a company would be ecstatic to have.
Have to agree Zebo, looks mispriced in the market

[doctor888] 28/3/2024 15:35

added at 52 and 54 - slow burner...

[zebbo] 28/3/2024 12:58

Bought another 100k today, looking mis priced and will continue to add

[tole] 08/3/2024 06:44

https://citywire.com/funds-insider/news/expert-view-lse-argentex-brooks-macdonald-elementis-grafton/Argentex has hit a rough patch, says Downing's McCathieCurrency services group Argentex (AGFX) may have hit a tough patch for trading but Downing manager Josh McCathie says it has made 'significant investment' in the business.McCathie holds the currency management and payment solutions provider in his £37m VT Downing Small and Mid-Cap Income fund. He noted the company announced in November that 'it expected to report revenue and operating profit at similar levels to the year prior'.However, the shares are down 40% this year as management updated their outlook for the worst.'The board now expects revenues to be down by 1.2% and operating profit down 29%,' said McCathie.He noted that the 'business has made significant investment in people, technology, and overseas expansion during a challenging period for markets' and this has led to it incurring 'some costs not previously anticipated.'The shares gained 1.3% to 54.7p yesterday, but have lost 59% over the past year.

[ali47fish] 23/2/2024 17:29

rockwood adding again c 1pc to holdings

[ali47fish] 14/2/2024 07:36

is rockwood adding today see rns

[awashwi] 01/2/2024 12:53

Rockwood were invested last year and it is discussed on VOX Markets interview in november .

- 18.15 mins in

Gives a decent summary of the reasons behind board changes and they added to their position last year around these levels also .

I have taken a small position but would like to see the strategic review in april before increasing .

[carcosa] 01/2/2024 11:07

Seems like Rockwood/Mills had their eye on AGFX for a while and had an initial stake in Q1 last year.

hxxps://d1bcjbyi5yiron.cloudfront.net/app/uploads/2024/01/Presentation-Q4-2023.pdf (page 17 & 18)