Argentex Share Discussion Threads

[smithie6] 17/1/2025 10:52

I saw the following text on P37 of the AR for 2023

"FINANCIAL POSITION
The Group views its ability to generate cash from its trading portfolio as a key indicator of performance within an agreed risk appetite framework."
.....
......

"..its trading portfolio..."

I thought that AGFX traded for clients & takes a cut on the business, & hence AGFX has no portfolio of its own.

Can anyone explain what the text means ?

(I can't understand what it is trying to say, nor what is AGFX's "trading portfolio").

[smithie6] 17/1/2025 10:49

....clearly no one interested in any debate/discussion. :-(

[smithie6] 16/1/2025 22:36

QS99

btw
3 trades each of 100k shares, after the mkt closed according to advfn

perhaps that was part of the reason for the price jump near the end of the day. (did the trades take place earlier but reported after the mkt closed ?)

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interesting
2 trades at 39.9p went thru yesterday.
...perhaps on Friday we will see the first trade since the 28p reversal area at over 40.0p

[smithie6] 16/1/2025 22:18

any experts on the NTAV ?

NAV at end of June '24 was £42m, including £2m of intangibles, since it is such a small amount versus the turnover, licences etc I think it is valid to include it as a real asset (but if remove it, it has little effect on the total NAV)

£10.0m of lease liabilities as a non-current liability, so, not a liability in '24. Lease costs will be paid each year from the operation of the company, (in recent years, gross profit of £34-36m/year). So, imo future lease costs can be excluded from the valuation for NAV. (noting that future years for tax, NI, wages, are not included as a liability or the NAV calcs).

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.
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Anyone agree or disagree with this post ?

[john09] 16/1/2025 16:22

Could go vertical once its past this level but not today by the looks of things

Has anyone got any up to date eps forecasts ?

[john09] 16/1/2025 16:16

Impressive

[qs99] 16/1/2025 16:01

nice spike, any reason why? bit late in Jan for tips no? DYOR

[essential] 16/1/2025 08:25

Closed that gap so healthy pull back. Trying to decide of to swap into these from Plus 500

[smithie6] 16/1/2025 08:25

what an idiot.

[smithie6] 16/1/2025 08:15

...one doesn't need to be Brain of Britain to know that a pull back is possible/likely after a sudden rise from 28p to 38p.
+ ~33%

but
imo it will march upwards from this pullback, but sure, everything in its own time.

(the chairman didnt invest £200k in December hoping to make just 10%)

[john09] 16/1/2025 07:54

And it proved the case

—-

john09 13 Jan '25 - 14:41 - 1065 of 1069

I thought thee write up was good but Zak Mir had resistance at 39p in his update this weekend so decided not to buy for now

Also some of the initiatives that were cited in the write up are rather far ahead i though

[smithie6] 15/1/2025 12:40

licence for Holland

"Argentex Group PLC (AIM: AGFX), the provider of bespoke foreign exchange services to institutions, corporates and high net worth private individuals, is pleased to confirm that the Dutch National Bank has granted Argentex BV, a subsidiary of Argentex, an Electronic Money Institution ("EMI") licence in the Netherlands."

Does anyone know what that allows them to do & what it does not allow them to do ?

I assume it is not a full/normal banking licence (or is it ) ?

[sphere25] 13/1/2025 15:56

Is the needy child who LOVESSSS followers, following me around again here?

I blocked him and can't see his worthless drivel ha

He followed me to VCP and then makes out like he knew all that insider buying was going to come and keep coming in, buyers then cornering off the market, short squeeze and SCSW move was going to take the price this high....except he disappeared on the first plunge down, only to come back on the stablisation.

Muppet...you can slate me all you want now - traded VCP all the way up...can't see your posts...people know you're a numpty.

I'm hitting all time highs in my ISA, trading long.

Hope this helps.

Sorry folks, he slates me enough...cant help give some back ha

[rimau1] 13/1/2025 14:47

I'm guessing Argentex was in SCSW for you to be popping up here J09. Explains the move, i figured it was tipped somewhere at the weekend

[john09] 13/1/2025 14:41

I thought thee write up was good but Zak Mir had resistance at 39p in his update this weekend so decided not to buy for now

Also some of the initiatives that were cited in the write up are rather far ahead i though

[smithie6] 13/1/2025 12:28

(looks to me like good solid healthy share trading at the moment

after a ~10p share price rise (~33%) from last week the share price is relatively steady at the moment & 20-40k blocks of shares being sold & also bought.
With sell trades going thru at ~37.9p & buy trades at ~38.3p (a small spread at the moment; hopefully infers imo that MMs think the buy & sell volumes are about balanced & they don't expect a sudden drop from here, or they would have a wider % spread to protect themselves vs any losses from that happening )).

(fingers crossed that (as someone posted) sell trades will get mopped up as the price rises as some ppl might top slice or sell all their shares.....before then continuing higher. Time will tell.
Anyone that bought last week at 29p makes a good quick % profit if sell at 38.3p. But 'if' the price then moves up over coming days/weeks then they miss a good bit of profit).

[owenski] 13/1/2025 09:10

Bought this at 30p a few days back, been on my list for some time and made a technical purchase. For me this is a recovery situation and one that I cant put an upward valuation on, but so far so good, was waiting for the base to break am a bit surprised at the reaction, am also of the opinion the downside was priced in so any operational improvements would result in upside movement, TU late January? So the question will be whether to buy more.

[smithie6] 13/1/2025 08:29

...very strong price action this morning, with a big powerful buy of >50k shares (~£19k) at 2-3p over Friday's closing price, about 30 seconds after the market opened.

and a bit later a second buy of 50k shares. ~£19k

:-)

(price still below the 45p of the cash raise in '24)

[rimau1] 13/1/2025 08:16

Nice bounce, look forward to your update Sphere as this is surely a breakout

[smithie6] 12/1/2025 17:39

....its not very important now (as long as the renumeration committee has changed its members & capable of learning from that past mistake & avoid repeating it

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any bonus should, imo, 'perhaps' reward a notable increase in the eps averaged over 3 years, where there is confidence that it is an on-going improvement & also that it is due to the dirs that get the bonus & not just due to external factor (which will often go up, & down.....& dirs shouldn't get a big bonus for that, imo)

bonuses should also take in to account not just averaged eps but also changes such as nett debt, since if dirs. improve the eps by taking on excessive debt it infers massive risk, & that should not be rewarded.
But I have zero hopes that the bonus schemes of UK listed companies will be wisely created, unless a wise rule book is introduced & that currently looks impossible.
Anyway for AGFX I understand that there are no share options in place since they were all deleted in 2024. And any new options (likely to be announced in coming weeks/months imo) will hopefully have 45p as the exercise price (price of last cash raise) & shareholders would imo happily give some reward to exec dirs if the share prices rises up above 45p. (with any options based on an exercise price of 45p, imo).
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Existing cash bonus scheme for exec dirs.
The '23 AR says it is discretionary, decided by the renumeration committee.