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% 15.75p 15.00p 16.50p 15.75p 15.75p 15.75p 0 07:55:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 5.2 0.5 0.8 20.3 9.61

Argo Group Share Discussion Threads

Showing 201 to 224 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
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
29/3/2017
23:59
Well, that was kind of them, halving their fee?
zcaprd7
04/3/2017
16:54
https://alphavulture.com/2017/03/03/argo-group-publishes-2016-results/Pretty good summary. Still cheap...
zcaprd7
28/2/2017
19:26
I think this shower are in a closed period and therefore can't buy back shares until the results are out. Having said that they did not buy back many shares before the closed period either!
hugepants
27/2/2017
09:29
Audited results due at the end of next month, should give some clarity about the size of their assets and cash.
sharpish
26/2/2017
16:51
Gone quiet here, when are they going to do something?
zcaprd7
27/1/2017
18:59
I was thinking more like 30p but would probably take 25p...
zcaprd7
26/1/2017
10:01
The Rialas brothers need to make an offer of 25p +- and then maybe enough will accept so that they can take this thing private and liquidate it. It seems that the remaining holdout stockholders know exactly what they have and do not wish to sell out at the ridiculously low price of 15p.
ih_285823
17/1/2017
14:57
Well, it's going to be difficult with us lurking on the bid... Still watching ALF as well...
zcaprd7
15/1/2017
20:07
Picked up a few last week. Very illiquid, and directors have 50%, but yes extremely cheap on an asset basis; valued at only 40% of net working capital. From the previous buybacks it looks like they are not interested in buying back any unless they can get at least a 100K.
hugepants
10/1/2017
14:22
When are they going to get on with the buyback then? They've only spent a fraction of the £2m...
zcaprd7
20/12/2016
18:49
I didn't struggle to buy some?
zcaprd7
24/11/2016
07:06
Buyback finally on the go again!
jb0b
04/11/2016
11:24
Looks like they are struggling to find any shares to buy...
stemis
21/10/2016
13:58
What's the nav in pence per share?
zcaprd7
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