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
	+0.25p	+1.59%	16.00p	15.50p	16.50p	16.00p	15.75p	15.75p	27,000	14:20:10

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Financial	5.2	0.5	0.8	21.6	9.76

Argo Group Share Discussion Threads

Showing 201 to 224 of 225 messages

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

Date	Subject	Author	Discuss
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
29/3/2017 23:59	Well, that was kind of them, halving their fee?	zcaprd7	Read Full Thread Reply
04/3/2017 16:54	https://alphavulture.com/2017/03/03/argo-group-publishes-2016-results/Pretty good summary. Still cheap...	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
26/2/2017 16:51	Gone quiet here, when are they going to do something?	zcaprd7	Read Full Thread Reply
27/1/2017 18:59	I was thinking more like 30p but would probably take 25p...	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
17/1/2017 14:57	Well, it's going to be difficult with us lurking on the bid... Still watching ALF as well...	zcaprd7	Read Full Thread Reply
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	Read Full Thread Reply
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	Read Full Thread Reply
20/12/2016 18:49	I didn't struggle to buy some?	zcaprd7	Read Full Thread Reply
24/11/2016 07:06	Buyback finally on the go again!	jb0b	Read Full Thread Reply
04/11/2016 11:24	Looks like they are struggling to find any shares to buy...	stemis	Read Full Thread Reply
21/10/2016 13:58	What's the nav in pence per share?	zcaprd7	Read Full Thread Reply

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