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AGFX Argentex Group Plc

39.75
1.20 (3.11%)
31 Jan 2025 - Closed
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 3.11% 39.75 275,126 16:35:04
Bid Price Offer Price High Price Low Price Open Price
39.50 40.00 41.00 38.70 38.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 49.9M 5.1M 0.0423 9.69 46.43M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:32 O 75,852 39.551 GBX

Argentex (AGFX) Latest News

Argentex (AGFX) Discussions and Chat

Argentex Forums and Chat

Date Time Title Posts
31/1/202516:35Argentex1,114
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
2025-01-31 17:13:5639.5575,85230,000.22O
2025-01-31 16:25:3340.809,7483,977.18O
2025-01-31 16:09:4939.685,0001,983.75O
2025-01-31 15:58:0239.753,7891,506.26O
2025-01-31 15:54:3141.008,5803,517.80AT

Argentex (AGFX) Top Chat Posts

Top Posts
Posted at 31/1/2025 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 38.55p.
Argentex currently has 120,429,055 shares in issue. The market capitalisation of Argentex is £49,375,913.
Argentex has a price to earnings ratio (PE ratio) of 9.69.
This morning AGFX shares opened at 38.70p
Posted at 22/1/2025 21:14 by smithie6
(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)
Posted at 22/1/2025 17:23 by smithie6
...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)
Posted at 22/1/2025 11:47 by smithie6
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.
Posted at 21/1/2025 07:53 by sphere25
Better than expected, in terms of how terrible AGFX have been, but still another wishy-washy statement. Call that marginal improvement with the promise of delivery. Can they be trusted now?

What is the bottom line number and cash position too?

That just strikes you as more of the same from AGFX, where you're not entirely sure whether they are going to deliver or not.

But hey, at least it isn't a warning.

Anyway, let's see how the year progresses.

All imo
DYOR

09:32 Decent early exchanges totalling 670k. Price is at 38.8p so just where it has moved post the large exchanges (still no rns) and the SCSW tip. So in light of those and how far the price has fallen here, the market is undecided on the basis of early morning exchanges. It would just have just gone flying through 40p already if there was firmer belief here.

So they'll be having words with management to work out whether to push the rating higher now. We just have to sit and wait to see how those interactions go. But clearly folk are watching that key 40p mark for some form of trading opportunity.
Posted at 13/1/2025 12:28 by smithie6
(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).
Posted at 12/1/2025 17:39 by smithie6
....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

-----

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).
----

Existing cash bonus scheme for exec dirs.
The '23 AR says it is discretionary, decided by the renumeration committee.
Posted at 12/1/2025 12:51 by smithie6
wooster4

Combined bonus of £1m paid to 2 dirs. for co. perf for 2022.

but

do you agree with the general point of my post ?

That the £1m bonus payment was
- a big mistake

because the perf. of those 2 dirs. did not deserve a bonus because the share price then collapsed (costing shareholders tens of millions of £ !!)
...& the company sacked those 2 exec. dirs !! (which infers that their performance was "sub-standard", inferring the bonus was nuts !; inferring imo that the Renumeration Committee was incompetent).

=====

Your justification or text reply seems to say
'well, it is normal behaviour for listed companies'

for me that is not in anyway a justification.

-----
...although it is in the past.....it is still relevant imo....
and creates some valid questions such as
Is the renumeration committee now run by different people ?
Can the renumeration committee learn from its past mistakes ?
Will the bonus, options & reward package for dirs (surely being created as we write) be more skilfully established (& avoid a massive bonus followed by then sacking the same exec. dirs ?!!) ?
Posted at 12/1/2025 11:51 by smithie6
any AGFX experts reading ?

What is the situation with the planned expansion in the EU ?

The licence in Holland was obtained quite a while ago, yet it appears to me that AGFX is not yet serving any clients in the EU outside of Holland. (on the AGFX website it has a drop down list for countries, in Europe it only offers Holland, the biggest EU economy, Germany is not offered).

Is the EU expansion moving more slowly than expected ?
Posted at 12/1/2025 11:46 by smithie6
btw
...the year to Dec 2022.
The combined performance payment to the 2 main exec. dirs was £1m.

In hindsight this payment is solid proof imo of the bod at that time.
That payment of £1m did not achieve or reward what it should have achieved, to reward long term improvement in the performance of the company. As proven by the bad results the year after, the collapse of the share price & the board sacking those 2 directors (who of course do not pay back the stupid £1m bonus !).

( & imo it is also proof of the general incompetence of the bods of listed companies in setting up bonus schemes for directors)
======

Pay level for the new chairman. £150k. excessive imo. Although he has poured a lot of his own money in to buying shares, so he will be doing as much as he can to see the co. do well. However he is just a part time non-exec. He isn't clocking in at AGFX HQ every day.
Posted at 11/1/2025 13:21 by smithie6
I'm not an agfx expert.

The company has a product or product set called "Alternative Transaction Banking product" in the accounts, (& we know it is multicurrency, I think/assume). And the co. can provide clients with their own Euro Iban account number via their licence in Holland.
..but AGFX is for big clients rather than for Joe Bloggs in the street (which is included in the target market for Wise & Revolut).

So, is the AGFX product set essentially competing with companies like Wise, Revolut & Equals ?

Or does AGFX provide important products that Wise-Revolut-Equals do not offer ?

If AGFX is competing head on with Wise-Revolut-Equals what are the advantages (or disadvantages) of the AGFX service to clients vs the Wise-Revolut-Equals offer ?

(Equals used to be called Fair FX I understand & from the little I know it also widened out its products suite, as AGFX is; & Equals' shareholders have recently voted yes to a takeover over for Equals at ~140p/share I think).
Argentex share price data is direct from the London Stock Exchange

Argentex Frequently Asked Questions (FAQ)

What is the current Argentex share price?
The current share price of Argentex is 39.75p
How many Argentex shares are in issue?
Argentex has 120,429,055 shares in issue
What is the market cap of Argentex?
The market capitalisation of Argentex is GBP 46.43M
What is the 1 year trading range for Argentex share price?
Argentex has traded in the range of 26.00p to 63.00p during the past year
What is the PE ratio of Argentex?
The price to earnings ratio of Argentex is 9.69
What is the cash to sales ratio of Argentex?
The cash to sales ratio of Argentex is 0.99
What is the reporting currency for Argentex?
Argentex reports financial results in GBP
What is the latest annual turnover for Argentex?
The latest annual turnover of Argentex is GBP 49.9M
What is the latest annual profit for Argentex?
The latest annual profit of Argentex is GBP 5.1M
What is the registered address of Argentex?
The registered address for Argentex is 25 ARGYLL STREET, LONDON, W1F 7TU
What is the Argentex website address?
The website address for Argentex is www.argentex.com
Which industry sector does Argentex operate in?
Argentex operates in the SECURITY,COMMODITY EXCHANGES sector

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