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 0.0% 76.00 4,352 08:00:28
Bid Price Offer Price High Price Low Price Open Price
73.20 77.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 28.10 7.40 5.20 14.6 86
Last Trade Time Trade Type Trade Size Trade Price Currency
08:03:58 O 4,352 74.902 GBX

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Date Time Title Posts
13/6/202218:01Argentex, the bespoke service-led FX solutions provider834

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Argentex (AGFX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-30 16:09:5876.0032.28O
2022-06-30 15:35:1876.0015,00011,400.00O
2022-06-30 15:35:0576.0018,93114,387.56UT
2022-06-30 15:25:5574.364,0002,974.20O
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Argentex (AGFX) Top Chat Posts

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 76p.
Argentex Group Plc has a 4 week average price of 74p and a 12 week average price of 69p.
The 1 year high share price is 124.50p while the 1 year low share price is currently 67p.
There are currently 113,207,547 shares in issue and the average daily traded volume is 81,485 shares. The market capitalisation of Argentex Group Plc is £86,037,735.72.
yump: The destructive share price float cycle in action again: overpriced float based on historic growth... investment in expansion... drop in earnings growth rate... supposed growth stock priced on zero profit growth. If you get the timing right then the next growth period should be very positive for the share price. Depends a bit on how many disappointed shareholders jump out on the way up though, if they haven’t already sold out.
asagi: I think Tudes100 means that they make plans and projections, communicate those to the broker's research analyst but then fail to deliver the numbers that the analyst has communicated to the market. It's a perception thing that undermines the share price, regardless of the absolute numbers delivered. Asagi (long AGFX)
trident5: Underwhelming, but the share price already reflects that.
se81: Don't have all the detail yet but the top line, general positivity and growth outlook detached from the hideous action in the share price. Be good to get some forecasts from Singer
doobz: Potentially looking at a re entry on these. Looking at other spread and fx firms they are generally doing very well and SPs now starting to reflect that. Can anyone shed some light on if agfx should have benefitted from the volatile year so far? As does someone like cmcx. Any other ideas on why this has done so badly share price wise, any potential damages from Ukraine Russia issues?
tole: penny stock I'd buy for my Stocks and Shares ISA todayRoland Head | Sunday, 6th February, 2022 | More on: AGFXWoman looking at a jar of pennies Image source: Getty ImagesKey pointsI estimate this founder-led currency specialist stock could doubleHalf-year results show a strong return to growthHigh profit margins and good cash generationCurrency specialist Argentex (LSE: AGFX) has fallen out of favour with investors over the last year. However, I can still see a lot to like about this business. For this reason, I'm looking at this penny stock as a possible buy for my Stocks and Shares ISA.Essentially, Argentex's business is quite simple. It helps businesses and wealthy individuals handle their foreign exchange requirements. In addition to straight transfers, this includes services such as hedging and other forward deals that provide protection against future exchange rate movements.This is a sector where the big banks previously dominated. But clients have grown tired of their high fees and slow service. Challenger companies like Argentex are aiming to take market share away from the banks by offering a better, cheaper service.A contrarian opportunity?Argentex floated in 2019 and was growing fast until the pandemic struck. But growth stalled during the 2020/21 financial year, with pre-tax profit falling from £10.2m to £7.4m. Some disruption to client activity might seem understandable given the impact of the pandemic, but rival firms such as Alpha FX continued to report rising profits.The company says that around two-thirds of last year's profit drop was due to the cost of setting up a new headquarters. Even so, there's no doubt in my mind that it was a disappointing year. The risk for shareholders is that Argentex won't be able to regain its previous momentum.Fortunately, the firm's most recent results do show an encouraging return to growth. Revenue rose by 33% to £15.7m during the six months to 30 September, while pre-tax profit rose 22% to £3.3m.If founder and CEO Harry Adams can maintain this rate of growth into 2022, I think Argentex shares could re-rate to a significantly higher valuation. Here's why.I reckon this penny stock could doubleArgentex and rival Alpha FX are both very profitable, with a return on equity of around 25%. To put this in context, I usually consider anything over 15% to be high.Argentex shares are currently valued at just 10 times 2022 forecast earnings, whereas Alpha FX is trading on 32 times 2022 forecast earnings. That's a big difference. To be honest, it seems too big to me, but that's the way the market rewards (and punishes) growth stocks.As I mentioned earlier, Argentex's latest results suggest this business is returning to growth. Broker forecasts believe earnings could rise by 38% during the current financial year, and by 36% the following year. That gives the shares a price/earnings growth (PEG) ratio of just 0.3 - well below the 1 level usually seen as good value.If Argentex can hit broker forecasts, I think the shares could perform very strongly, re-rating to a higher valuation.Valuing Argentex at 30 times earnings (like Alpha FX) would see the stock triple from here. That might be a little ambitious, but I can certainly see the potential for this penny stock to double.For this reason, I'm considering adding a small holding in Argentex to my ISA portfolio.
toffeeman: >> Bigtime CJ sold 11% of the company to PDMRs (and other individuals) at 80p (have a look at the historic news items) Most of these purchases will have been funded by loans taken out last August (with the stock as collateral) - that's six months gone so presumably those loans are now due for redemption or renegotiation at higher rates. 88p is a 10% return in six months so not to be sniffed at. I am assuming the AGFX price is stuck for now - we have an overhang!
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
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.
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.
Argentex share price data is direct from the London Stock Exchange
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