Cap. value now just a smidge below the NTAV (if one excludes future years of lease costs)
as discussed in post 1103
so, it's still cheap imo |
One relatively small seller QS99, now cleared, strong buying this am, needs to clear 43p and then up to 60p imho. Strong buying this am. |
...not ideal...
..but I guess that a pullback was possible since it had risen quickly from a selling price of ~36p to ~42p, & in 2 quick steps from 28p to 42p, +50%.
42-44p was much better.
hopefully it will rise back to 42p, ...how many days it might take, no idea. |
12% off seems a bit odd? DYOR |
btw
not shown on the chart on ADVFN but the price to sell, moved up yesterday
...& again today (41.4p, 41.8p, 42.2p, 42.4p, 42.6p).
Why is the data wrong on advfn for quoted price, % change for the day ?
no idea. |
 (ali47fish
btw. why would MMs give the quoted price range as 40.6-42.6 if the trades are happening at 41.2-42.3 ?
imo
a) if the price is moving up & a lot of buy trades have gone thru
....a bigger spread (~5%) puts off some possible buyers from buying, giving the MMs a better chance to receive some sell trades to balance up their books.
b) imo, a possible seller might see the quoted sell price of 40.6p, & when he gets quoted 41.2p he might think it is a great deal & confirm the sell trade, & perhaps sell more shares than he would otherwise.
----
but of course reading the intraday chart for price & volume etc, can be very unreliable, MMs are usually experienced experts (who get sacked if they lose money !!) who might move the price up or down etc etc to suit their needs, not the needs of a share buyer/seller.
oh, & for some shares the shares might be traded on another mkt, eg. Aquis.
A MM could then put all sell trades through the AIM mkt & buy trades through the Aquis mkt. Virtually no one ever looks at trades happening on Aquis mkt. Ppl looking only at trades on the AIM mkt would think that only sell trades were happening, which might worry them & encourage them to also sell. While in fact the MM might be doing buy trades thru Aquis.
...MMs are allowed to play lots of games, including buying shares for themselves ! (& yes, for that they want the price to be low)
(To move the price up or down, just do the last trade of the day, moving the price up or down as you want. If repeat every day, the price for illiquid shares can be markedly moved) |
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 |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
