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
  -2.00 -2.23% 87.80 139,039 16:35:09
Bid Price Offer Price High Price Low Price Open Price
86.80 87.80 91.20 86.00 91.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 28.10 7.40 5.20 16.9 99
Last Trade Time Trade Type Trade Size Trade Price Currency
17:51:15 O 2,874 89.707 GBX

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Date Time Title Posts
17/11/202117:18Argentex, the bespoke service-led FX solutions provider720

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Argentex Daily Update: Argentex Group Plc is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker AGFX. The last closing price for Argentex was 89.80p.
Argentex Group Plc has a 4 week average price of 82.80p and a 12 week average price of 82p.
The 1 year high share price is 144p while the 1 year low share price is currently 82p.
There are currently 113,207,547 shares in issue and the average daily traded volume is 343,875 shares. The market capitalisation of Argentex Group Plc is £99,396,226.27.
km18: still struggling versus AFX, still unjustified....from a few months ago WealthOracleAM... FX provider Argentex (AGFX) results yesterday were a mixed bag, the share price was not impressed falling over 10% to 109p. Headline performance was undeniably not great, perhaps unsurprisingly given the unusual COVID times in which we live. Recent newsflow from its direct and larger competitor Alpha FX (AFX) has also been relatively more upbeat. But the underlying longer run story for the FX provider looks more resilient, indeed encouraging. If one looks through the near term COVID-driven dip in operating performance, the trajectory of AGFX looks not that dissimilar to that of its larger competitor AFX 3 years earlier. The results. AGFX had been growing FX turnover and top line revenues robustly between 2017-2020. FX turnover expanded again a modest 5% to £12.75b in FY 21, total revenues dipped slightly to £28.1m vs £29m in FY 20. But as all companies are experiencing, we live in unusual times, the reporting period covered 3 national lockdowns...keep up to date with stocks with WealthOracleAM https://wealthoracle.co.uk/detailed-result-full/AGFX/34
yump: Meanwhile, even 10mln pretax leaves a p/e around 10 with new hires still having at least a year to get to full performance. The fuss about the share price is being caused by the overhang at 80p and imo all the other worries are supposition based on the lowly share price. Can’t do any better than buying at what looks like a good price, in tge absence of any other useful information. Or put it another way: without the CJ overhang would all the other worries still be voiced ?
yump: What makes the stats on revenue vs. FX levels relevant as a measure of business health ? As to market share - where is the evidence of that being lost ? Its OK making statements, but where's the evidence ? If they are operating different models, then they're just operating different models. imo its easy to pick a reason for a lowly share price, when its low. You could take the view that with the slosh of shares at 80p, plus the untimely investment in more people just before covid, plus CJ leaving, that now's a good a time as any to invest. Rather than at a p/e of 25+ just after float, despite a flying share price.
manics: "The share price is not a business problem and neither was the rating when it was up on float". -agree with this (if you don't need to raise cash which AGFX does not), and why I couldn't be a listed CEO. I'd be checking the share price every 5 minutes! However, repulsing key investors and failing to deliver on a "we look forward to delivering returns" pledge is a big problem of sorts.
yump: Re the institutions buying and selling any company’s shares - I doubt there is any correlation between that and subsequent share price performance that would mean any conclusions could be drawn. Which risk is greater now ? Buying a share on a p/e of 34 or 10 ? If there was a specific business problem caused by mismanagement here, then that would be a risk - so where is it ? The share price is not a business problem and neither was the rating when it was up on float.
manics: So what’s your explanation for the lowly share price then ? -lower performance against forecasted growth rates -departing CFO -in, out, in then out again shake it all about CEO -poor sentiment resultant from low quality news flow (departing management) Have you compared the previous pre-covid ratings for afx and agfx ? -no Does the share price mean the business has been mismanaged ? -in part, yes. IMO you can't justify the performance we've seen, a sustained (key word) 60% fall, without problems in the underlying business. That said, the share price in this instance imo is a symptom of mismanagement of the business as a public entity, so both fundamentally and their actions' effect on market sentiment. I think I would instead say (as I have said) that I can't currently applaud AGFX management when they've utterly failed to deliver any meaningful recovery to investors (through the share price) as sector peers have bounced back and then beyond to ATH's.
yump: Manics So what’s your explanation for the lowly share price then ? Have you compared the previous pre-covid ratings for afx and agfx ? Does the share price mean the business has been mismanaged ? Please note I said that a profit drop was on the cards before covid. The likelihood of that was discussed when the expansion was announced. Not everyone agreed it would happen though.
manics: yump: pandemic excuses are head in the sand stuff now imo. Enough businesses in enough sectors have bounced back and markets are at highs (another debate, I know).This includes sector peers such as AFX which has tripled since. They have more recently posted ahead statements after their profit warning during their pandemic lows.AGFX today remains at the lows. When contrasted to AFX I just don't see room to yet applaud AGFX management. AFX has gone on to obtain a higher rating after that 'thing' whilst apparently putting it firmly behind them on price. AGFX has not.It's such comparison which forces the rational investor to cast a critical eye toward AGFX management, imo, and absolutely gives license to chastise.With the share price at the lows, by definition most of the investor base is under water; PI's, insti's, cornerstones and management alike so I don't see room to view everyone but those who bought in the last week as somehow amateur.I should certainly like to be a fly on the wall at a heated AGM where management advise underwater shareholders to quit moaning and just average down!Today's (forced?) 80p grab from Carl is the first averaging down management have done, by the way.
manics: big: you're missing that AGFX opened at a premium on the day, when broad PI's could buy in. You couldn't get 106p in the market until the Covid dump. I'm sure the new offices (which get mentioned every 5 minutes) really are lovely but I mark-to-market on the share price, which is in the toilet and getting yet worse. You might be right on emotion but you're the happy-clappy averaging down forever with little apparent subjectivity. Instead, everything is great and everyone else is stupid -and that could cost you very dear imo. The share price is just over 90p bid. You can 'if and but' as much as you like but it will still be just over 90p bid. As a public entity AGFX management have to be measured (in part) on that. They have to answer to shareholders. Well, they don't, because they closed the AGM, but you get my point.
speedsgh: Holders may wish to dial into this presentation of the H1 results on Friday hosted by PI World... HTTPS://twitter.com/tamzinpiworld/status/1328346766698295296 Argentex Group #AGFX share price has risen 16% since the early October lows. H1 results are released this Friday 20.11.20. At 11am, Carl Jani, Co-CEO will present H1 results to us, followed by Q&A. Join us: [...]
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