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AGFX Argentex Group Plc

46.00
0.00 (0.00%)
Last Updated: 11:13:46
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argentex Group Plc LSE:AGFX London Ordinary Share GB00BJLPH056 ORD �0.0001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 46.00 35,061 11:13:46
Bid Price Offer Price High Price Low Price Open Price
45.60 48.90 46.00 46.00 46.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 41M 7M 0.0618 7.44 52.07M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:44:47 O 9,000 46.1615 GBX

Argentex (AGFX) Latest News

Argentex (AGFX) Discussions and Chat

Argentex Forums and Chat

Date Time Title Posts
23/4/202410:37Argentex904
29/12/202318:01Argentex, the bespoke service-led FX solutions provider1,337

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Argentex (AGFX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:44:4846.169,0004,154.54O
08:01:1446.0025,00011,500.00AT
08:00:5646.961,061498.19O
2024-04-22 16:15:0046.36325,000150,675.01O
2024-04-22 15:39:4846.0014,7506,785.00AT

Argentex (AGFX) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Argentex Daily Update
Argentex Group Plc is listed in the Security,commodity Exchanges sector of the London Stock Exchange with ticker AGFX. The last closing price for Argentex was 46p.
Argentex currently has 113,200,000 shares in issue. The market capitalisation of Argentex is £52,072,000.
Argentex has a price to earnings ratio (PE ratio) of 7.44.
This morning AGFX shares opened at 46p
Posted at 23/4/2024 10:37 by red ninja
Mmm credibility problem with AGFX as pointed out by by post 902.
Posted at 20/4/2024 10:51 by simon gordon
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
Posted at 08/3/2024 06:44 by tole
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.
Posted at 01/2/2024 11:07 by carcosa
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)
Posted at 17/12/2023 09:06 by maddox
What do you think these big problems are Cambridge? And where do you see the share price falling to?
Posted at 14/12/2023 18:02 by cambridge130
There you go losing your temper. It's obvious there are big problems when the CEO and CFO disappear within 2 weeks of each other.

The share price has 30% further to fall over the next 4-5 months, then it's sideways for a year.

A little tip : You need to direct your anger at the company.
Posted at 05/12/2023 17:43 by cambridge130
Yet another lump lopped off the share price. You're losing everything you had in this share.
Posted at 29/11/2023 11:53 by cambridge130
Another 4% lopped off the share price. The CEO and CFO suddenly go. Big big trouble ahead.
Posted at 27/10/2023 16:39 by red ninja
Investors Champion anknowledges the risks, but still likes them :-

"Why is it a Bonkers Bargain
We acknowledge this business has little real visibility and the departure of the former CEO has brought further uncertainty in a very fragile market, but the £85m valuation at a share price of 75p looks fantastic value for a business forecast to deliver pre-tax profits of £13.4m and earnings of 9p per share in the current year to December 2023 - PER 8x. Forecast free cash flow of £7.8m suggests a free cash flow yield of 9%, after a significant £4.3m of investment in capital expenditure to support of growth .

It’s resilience over the pandemic (and commitment to the dividend) should be commended, yet this is also not reflected in the share price.

The reinvigorated growth strategy is at an early stage. This includes developing new, higher value products (Structured Solutions); leveraging technology to embed the proposition more closely into the client’s day-to-day (Online trading, Alternative Banking); and capitalising on International growth through launch in both the Netherlands and Australia.

The Amsterdam office, which only opened in March 2020 and received its EMI licence in 2022, has been trading ahead of expectations and they await an Australian licence with the intention of opening in Sydney.

While AIM peer Alpha Group International (formerly AlphaFX) has developed a more extensive technology focused offering, and has been faster growing, it carries a rating nearly more than twice that of our Bonkers Bargain – ALPH: PER Dec 2023 28x. A high margin growth business delivering high returns on capital like Argentex justifies a much higher rating.

While additional costs will constrain earnings in the short term, these are in support of future growth.

Argentex is a simple, high return business, which avoids speculative FX trades and continues to focus on mainstream, low volatility currencies.

With growth having resumed the current £85m valuation (at 75 pence) remains firmly in Bonkers Bargain territory.

It remains a minnow in a market dominated by the large banking groups and a sizeable growth opportunity beckons.

Patient shareholders will also be rewarded with a now 4%+ dividend yield."

It goes without saying that not all Investor's Chamion tips succeed.
Posted at 13/9/2023 13:48 by kalai1
Argentex Group plc posted interims for the HY ended 30th June this morning. Group revenue increased by 28% to £25.0m, operating profit increased by 16% to £5.2m while Group EBITDA margins were maintained at 29%. There was a £3m increase in net cash and an Interim dividend of 0.75p per share was announced. Valuation looks relatively attractive with forward PE ratio 9.3x top third for the IB&IS sector. Main cloud for the investment case is the lack of positive share price momentum, indeed today’s decent reporting has triggered a 10% slump suggesting that it remains too soon to buy. AGFX has plenty of growth potential and is trading at a reasonable price, but it remains a share to monitor for the time being...

...from WealthOracle
Argentex share price data is direct from the London Stock Exchange

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