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AGFX Argentex Group Plc

34.00
-0.85 (-2.44%)
04 Oct 2024 - 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
  -0.85 -2.44% 34.00 291,354 16:35:05
Bid Price Offer Price High Price Low Price Open Price
33.10 34.90 34.20 34.20 34.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 49.9M 5.1M 0.0423 8.09 41.97M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:13:36 O 10,502 33.33 GBX

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Date Time Title Posts
04/10/202409:17Argentex1,025
29/12/202318:01Argentex, the bespoke service-led FX solutions provider1,337

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Posted at 06/10/2024 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 34.85p.
Argentex currently has 120,429,055 shares in issue. The market capitalisation of Argentex is £41,186,737.
Argentex has a price to earnings ratio (PE ratio) of 8.09.
This morning AGFX shares opened at 34.20p
Posted at 04/10/2024 09:17 by hibberts
3 October 2024



Argentex Group PLC

(the "Company")

Director / PDMR Dealing



Argentex Group PLC (AIM: AGFX) announces that Nigel Railton, Non-executive Chairman, on 2 October 2024 purchased 294,387 ordinary shares of £0.0001 each ("Ordinary Shares") in the Company at a price of 34 pence per Ordinary Share.

Following this transaction, Nigel Railton's total beneficial interest in the Company is 586,430 Ordinary Shares representing approximately 0.49% of the Company's issued share capital.



For further information, please contact:
Posted at 02/10/2024 18:46 by ali47fish
01 October 2024



Argentex Group PLC

(the "Company")

Director / PDMR Dealing



Argentex Group PLC (AIM: AGFX) announces that Guy Rudolph, Chief Financial Officer, on 30 September 2024 purchased 60,021 ordinary shares of £0.0001 each ("Ordinary Shares") in the Company at a price of 33 pence per Ordinary Share.

Following this transaction, Guy Rudolph's total beneficial interest in the Company is 60,021 Ordinary Shares representing approximately 0.05% of the Company's issued share capital.



For further information, please contact:
Posted at 18/9/2024 10:36 by silverlandfinance
The growth potential is in the narrative.
Last year, they spent £3,6million on capex. Their gross margin is 72% and they are opening two new offices.
The share price should be 2p up not 2p down.
Posted at 31/8/2024 10:20 by silverlandfinance
It is diconserting to see a 7% drop in price on an 87k share turnover.
Posted at 09/7/2024 09:01 by silverlandfinance
This morning's announcement is positive and indicates that the share price can only go one way-up
Posted at 24/5/2024 09:20 by silverlandfinance
The gyrations in the share price are perplexing. Also the buy/sell spread is very wide.
Posted at 22/5/2024 09:01 by silverlandfinance
Raymondmoz
I agree with you that the shares are incredibly cheap.
The company is profitable and cash generative having a cash balance at the last count of £18.3million, augmented by the recent fund raise. Yet the market value is languishing. around £40million








































































Raymondmoz
I agree with you that the share price is incredibly cheap. The company is cash generative and debt free. The £18.3m cash balances are augement by the rececent fund raise (appx £3.5m), yet the
Posted at 03/5/2024 16:57 by adamb1978
Hi

Can someone help me with the difference between AGFX and CSFS? Reason for asking is that:

AGFX recently said "The adverse market conditions experienced during 2023 continued into the first quarter of 2024"

CSFS Jan TU: "The Group is pleased to confirm that the previously reported strong trading momentum was sustained to year end"

CSFS prospectus said: "The Directors believe, there are three notable competitors quoted on the London Stock Exchange: Argentex Group Plc, Equals Group Plc (formerly FairFX) and AlphaFX Group Plc. These listed foreign exchange businesses have different sector focuses to the Group...."

Is that different in trading experience really as simple as different sector focus? I know CSFS talk heavily about their tech platform...whereas AGFX makes less of a play of tech.


Reason for asking is that, whilst I apply almost complete strategic ignorance in investing and invest almost purely on numbers, its hard to ignore read across from one competitor to another. I have a small/moderate position in CSFS and believe it looks cheap even if you assume zero growth on top of their their annualised H2 2023 figures.
Cheers

Adam
Posted at 02/5/2024 12:00 by silverlandfinance
How do you square a placing price of 45p per share with a market price of 36p per share.?
The share price has got to go up!
Posted at 02/5/2024 11:00 by eagle eye
I'm a previous shareholder in AGFX.
I sold out last July on the the basis of a trading update which was woefully short of detail plus an unprofessional chitty chatty interview on Vox.
As with many companies in AIM, broker notes aren't often worth the paper they are written on.
To think AGFX could get away with a cash raise at the 45p, which was at the current market price was miscalculated at best. In this market it needed to be discounted at least 15 to 20%. The market obviously isn't impressed and is currently 37-38p.
Today's RNS appears to contain a lot of reassuring waffle that is short of detail.
Give us your money and we will realign the business towards sunnier days in a few years time.
Investors should take a look at Equals whose revenue is growing at a faster rate and margins higher than AGFX looks to aspire to. What's more Equals has built it's model and is rapidly gaining traction.
One wonders why some companies come to AIM. Looks like AGFX listing was to enable founding shareholder to make an exit. Now everyone gone, looks like it's job done and dusted.
What's now left is a ragbag of a business that needs to realign to a new business model.
Best of luck to all those who remain, but for me it's lesson learnt and over and out.
Argentex share price data is direct from the London Stock Exchange

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