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AGFX Argentex Group Plc

-1.20 (-1.57%)
Last Updated: 14:05:10
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
  -1.20 -1.57% 75.20 266,931 14:05:10
Bid Price Offer Price High Price Low Price Open Price
75.00 78.40 76.20 75.20 76.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 41M 7M 0.0618 12.33 86.26M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:05:10 AT 107 75.20 GBX

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Date Time Title Posts
29/11/202314:27Argentex, the bespoke service-led FX solutions provider1,324

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Posted at 05/12/2023 08:20 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 76.40p.
Argentex currently has 113,200,000 shares in issue. The market capitalisation of Argentex is £86,258,400.
Argentex has a price to earnings ratio (PE ratio) of 12.33.
This morning AGFX shares opened at 76.20p
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 10/11/2023 12:22 by maddox
Yep, that's the opportunity Smithie. Big market and the banks are not being responsive to market change. IMHO there are some strong clues in the last AGFX results as to where the strategic focus needs to be.

Gresham House increasing their holding suggests that FIs are supporting the shakeout and revised strategy.
Posted at 10/11/2023 07:52 by yump
I wonder if the reason agfx never achieved the ratings of competitors was that some of the main board members had a “reputation221; of some sort.
Posted at 29/10/2023 20:03 by chinahere
'IF' we believe in this company then we should welcome Harry's share overhang reducing the share price. It will be a cheaper buy.
Posted at 27/10/2023 15:39 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 26/10/2023 08:29 by yump
Given the interim earnings figure and the recent slowdown mentioned in interims, its not going to grow earnings much. So may well just sit on a low pe (10 ish?) for a while, which is around this level.

I wonder if the continuous dropping share price recently was a few in the know who knew about whatever rumblings were happening in the business.
Posted at 26/10/2023 07:15 by 74tom
Chickens coming home to roost here - no idea why you'd have bothered with AGFX when you've got Alpha & Equals to choose from, but then many PI's think cheap = more upside...
Posted at 26/10/2023 07:14 by topvest
Argentex (LON:AGFX) - bit of a shock announcement that Harry Adams has immediately left the business. A sign of trouble to come?....probably significantly increases the risk that the next RNS will be that revenues are below expectations! Forecasts were looking very difficult based on YTD trading anyway, particularly with the higher cost base.

The fact that both founders have now exited (as well as the Chairman) says it all really. Business model isn't really working - costs increasing much faster than revenues. Fortunately I exited, at a c10% loss, after losing confidence in management back in July.

It may be worth another look next year if Pacific Investments (Henry Beckwith), who are a major shareholder, are behind the strategy reset as they are quite good. That's what initially gave me the confidence to invest in AGFX.
Posted at 13/9/2023 12:48 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
Posted at 09/2/2023 14:31 by big7ime
No reason why the p/e shouldn’t be in the 20s which would mean a share price in 200s or even 30s
Agfx has one of the lowest if not THE lowest in the sector.
t5 there’s plenty of shares with p/es in 40s, this is where you make the real money, buying when the p/e is low and seeing its profits rise alongside the increase in P/E hence a good re-valuation
I managed it with GAW, buying when it was unloved, now they fall over themselves to buy it at a much higher rating (I believe GAW p/e went from around 6 to over 40, the share price didn’t rise from low single figs to 120quid just on the increase in profits.
Argentex share price data is direct from the London Stock Exchange

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