Argo Group Share Chat (ARGO)

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

Chat Pages: 10 9 8 7 6 5 4 3 2 1

Date	Subject	Author	Discuss
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	Read Full Thread Reply
25/3/2018 18:59	That is some bonus. They are a dubious pair right enough.	hugepants	Read Full Thread Reply
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	Read Full Thread Reply
19/2/2018 14:02	Hopefully we should get the finals in March	stemis	Read Full Thread Reply
05/1/2018 16:39	More signs of life?	zcaprd7	Read Full Thread Reply
29/12/2017 13:07	Some activity here, hopefully they put it out of its misery next year...	zcaprd7	Read Full Thread Reply
20/10/2017 15:35	Three year high I should say..	zcaprd7	Read Full Thread Reply
19/10/2017 16:07	Nice bit of volume today. And a 52 week high!	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
12/10/2017 13:28	I think they need to put it out of it's misery and mbo...	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
27/9/2017 09:46	Are we to assume that net current assets are very liquid?	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
26/9/2017 16:07	Have they got any assets like gfir or alf? Or have I imagined that?	zcaprd7	Read Full Thread Reply
26/9/2017 15:48	perking up a bit here	hugepants	Read Full Thread Reply
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	Read Full Thread Reply
01/8/2017 17:01	20% nav is cash, which is a good start I guess?	zcaprd7	Read Full Thread Reply
01/8/2017 12:30	Are they really liquid assets?	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
28/4/2017 11:58	Chunky buyback. Adds 0.4p to NAV/share	stemis	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply

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