Share Name Share Symbol Market Type Share ISIN Share Description
Argo Group LSE:ARGO London Ordinary Share IM00B2RDSS92 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 17.75p 17.00p 18.50p 17.75p 17.75p 17.75p 660 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 7.6 3.5 7.4 2.3 10.83

Argo Group Share Discussion Threads

Showing 226 to 250 of 250 messages
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DateSubjectAuthorDiscuss
30/7/2018
11:25
Half year results were 1 August in 2017 so maybe tomorrow? It's not like they take much preparing...
stemis
25/3/2018
18:59
That is some bonus. They are a dubious pair right enough.
hugepants
07/3/2018
09:19
Well, there they are. https://uk.advfn.com/stock-market/london/argo-group-ARGO/share-news/ARGO-Group-Limited-Final-Results/76882284 The Directors are not declaring a final dividend but intend to restart dividend payments as soon as the Group's performance provides a consistent track record of profitability. They could, of course, have paid a special dividend of $1.75m which would have been 2.7p a share. After all, as holders of 52% of the shares the Rialas brothers would have got half. But instead they decided they'd have it all and paid it to themselves as bonuses. Clearly they struggled to get by on last years $800k. This is a company with a market cap of $11m. Under normal circumstances a company with net assets of $25m (including $5m of cash) valued at $11m could be considered very undervalued. But tnat's before the Rialas brothers discount.... I hold. One day something is going to happen here...
stemis
19/2/2018
14:02
Hopefully we should get the finals in March
stemis
05/1/2018
16:39
More signs of life?
zcaprd7
29/12/2017
13:07
Some activity here, hopefully they put it out of its misery next year...
zcaprd7
20/10/2017
15:35
Three year high I should say..
zcaprd7
19/10/2017
16:07
Nice bit of volume today. And a 52 week high!
zcaprd7
13/10/2017
10:21
Well the next set of accounts will be interesting. Here's what they said at the interims Continuous investor interest in the Argo Fund is expected to materialize into more sizeable subscriptions in the second half of the year.
stemis
12/10/2017
13:28
I think they need to put it out of it's misery and mbo...
zcaprd7
27/9/2017
15:26
Not sure how liquid the investments in funds are. The Argo Fund (TAF) is their biggest investment, worth over $10M. It's performing pretty well. The website says; "The Argo Fund Limited (“TAF”) was launched in October 2000. It is a Cayman-domiciled fund with monthly liquidity." http://argogrouplimited.com/argo-group/the-argo-funds
hugepants
27/9/2017
09:46
Are we to assume that net current assets are very liquid?
zcaprd7
26/9/2017
21:27
I think you were maybe dreaming. The assets are mainly investments in their own funds and cash. "At the period end, the Group had net assets of US$24.8 million (31 December 2016: US$20.1 million) and net current assets of US$24.5 million (31 December 2016: US$19.6 million) including cash reserves of US$5.7 million (31 December 2016: US$6.1 million)." So market cap is £7.9M which compares with net current assets of £18M
hugepants
26/9/2017
16:07
Have they got any assets like gfir or alf? Or have I imagined that?
zcaprd7
26/9/2017
15:48
perking up a bit here
hugepants
01/8/2017
17:58
At 16p around 58% of market cap is covered by cash. Another 48% is covered by net (of creditors) receivables. That leaves ARGO's investment in it's own funds of 22.5p per share literally in for free. It's a reflection of the market's suspicion of the Rialas brothers than the share price isn't double the current level.
stemis
01/8/2017
17:01
20% nav is cash, which is a good start I guess?
zcaprd7
01/8/2017
12:30
Are they really liquid assets?
zcaprd7
01/8/2017
12:04
Yes, good results and ARGO looks insanely valued at these levels. But then H1 in 2016 was a good result too and we know what happened there (the whole lot was stripped out in the second half as bonuses to staff and directors)...
stemis
01/8/2017
09:47
These look like very good results. Market cap is only £7.5M, compares with $24M of net liquid assets. https://uk.advfn.com/stock-market/london/argo-group-ARGO/share-news/ARGO-Group-Limited-Half-year-Report/75351227 Key highlights for the six months period ended 30 June 2017 This report sets out the results of Argo Group Limited (the "Company") and its subsidiaries (collectively "the Group" or "Argo") covering the six months ended 30 June 2017. - Revenues US$6.3 million (six months to 30 June 2016: US$4.0 million) - Operating profit US$3.3 million (six months to 30 June 2016: profit US$3.8 million) - Profit before tax US$5.1 million (six months to 30 June 2016: profit US$4.9 million) - Net assets US$24.8 million (31 December 2016: US$20.1 million) Commenting on the results and outlook, Kyriakos Rialas, Chief Executive Officer of Argo said: "The results of AGL's first six months are a reflection of strong subscriptions and performance in the emerging markets. Investors continue to seek yield in a consistently low global interest rate regime despite recent tapering noise from ECB and interest rate increases by the FED. AGL's results include a significant element of performance fees from the workout of one of the distressed assets. Continuous investor interest in the Argo Fund is expected to materialize into more sizeable subscriptions in the second half of the year. "
hugepants
28/4/2017
11:58
Chunky buyback. Adds 0.4p to NAV/share
stemis
09/4/2017
23:37
Yep it's kind of comical. They announce a substantial one-off profit from a disposal in H1. Then in H2 they decide to pay this profit to themselves as a bonus! These guys are good.
hugepants
09/4/2017
22:11
Yeah, I noticed that too. Basically all that hard work selling a significant asset in AREOF which allowed AREOF to pay the arrears of management fees (against which ARGO had provided). EXERT FROM ACS "In June 2016 the Argo funds further benefited from the sale by AREOF of one of its real estate assets in Romania. As well as contributing to the strong performance of TAF and ADCF, this provided much needed liquidity to the funds and allowed AREOF to repay US$2,776,000 (€2,500,000) of management fee arrears." ARGO then paid pretty much all of it to staff as bonuses including $800k to the Rialas bros. The Rialas bros own 50% of the company so'd get 50% of the benefit anyway...clearly not enough. Good to know who they are all working for...
stemis
09/4/2017
21:33
Net working capital is now 32.5p There was a big loss in H2 mainly due to bonuses; "Total operating costs, ignoring bad debt provisions, are US$6.4 million (2015: US$3.5 million). The increase in operating costs is mainly due to bonuses paid to reflect the excellent work undertaken by the team over a number of years leading to the sale of a significant asset and professional costs relating to our share buyback programme." About $2.5M paid in bonuses to nearly double operating costs! I know it's only complete losers who work for a fixed salary nowadays but that's still some payout.
hugepants
30/3/2017
08:22
AREOF aren't paying anyway and we are fully providing against the receivable so it'll make no difference in the short term. Longer term hopefully it'll facilitate a restructuring which will finally allow payment of outstanding balances. £1m paid is better than £2m not I guess...
stemis
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