Annonce • Aug 07
IFX (UK) LTD cancelled the acquisition of Argentex Group PLC (AIM:AGFX) from group of shareholders. IFX (UK) LTD proposed to acquire Argentex Group PLC (AIM:AGFX) from group of shareholders for £2.9 million on April 23, 2025. IFX payments to acquire the entire issued and to be issued share capital of the Company, at a price of £0.0249 per Argentex share in cash. In a related transaction, Argentex Group PLC (AIM:AGFX) has also received non-binding indicative acquisition proposals from Pollen Street Capital Limited & Terry Clune and Harry Adams. The Board has unequivocally rejected the Proposals received from (i) Lumon Acquisitions Limited; and (ii) Terry Clune and Harry Adams. Although discussions are at an advanced stage, the Board cautions that there can be no certainty that a firm offer will be made for the Company nor to the terms of any such offer. Argentex shareholders are advised to take no action. IFX Payments has received irrevocable undertakings from the Argentex directors and certain other Argentex shareholders to vote, or procure a vote, in favor of a firm offer at a price consistent with the Possible Offer in respect of a total of 70,161,376 Argentex shares representing, in aggregate, approximately 58.26% of the issued ordinary share capital of Argentex as at the date of this announcement. The irrevocable undertakings remain binding in the event of a competing offer. The Argentex Directors unanimously intend to recommend the Acquisition. Argentex Shares are currently admitted to trading on AIM. It is intended that a request will be made to the London Stock Exchange to cancel trading in Argentex Shares on AIM, and to re-register it as a private limited company, to take effect shortly after the Effective Date. The consideration necessary to satisfy the Acquisition in full will be funded from IFX Payments' existing cash resources. The Acquisition will be on the terms and subject to the Condition. The Conditions include, amongst others: (a) the approval by a majority in number representing not less than 75%. in value of the Scheme Shareholders who are on the register of members of Argentex, (b) the passing of all resolutions required to approval and implement the Scheme by the requisite majority or majorities of Argentex Shareholders at the General Meeting; (c) the sanction of the Scheme by the Court with or without modification, (d) the delivery of a copy of the Scheme Court Order to the Registrar of Companies for registration; (e) regulatory approval from the FCA, DFSA and Dutch Central Bank.
The Board of Argentex Group and IFX Payments have reached agreement on April 25, 2025.
The Scheme is expected to become Effective during the second half of the calendar year 2025.
As of May 6, 2025, Argentex Group plc announces that it has arranged a revolving credit facility (RCF) with IFX Payments for up to £20 million. The RCF is in addition to the bridge funding of £10.5 million provided to the Company by IFX Payments. The Company has now secured further immediate ongoing liquidity support by way of the RCF, and therefore trading in the Argentex Group ordinary shares on AIM will be restored, effective from May 6, 2025. As of May 21, 2025, Argentex announces that it has published a circular in relation to the Acquisition (the "Scheme Document") today, together with the Forms of Proxy for the Court Meeting and the General Meeting. Court Meeting and the General Meeting will be held on June 11, 2025. As of May 29, 2025, Terry Clune and Harry Adams confirm that they do not intend to make an offer for Argentex. As of June 11, 2025, approval of court and approval of Argentex Group PLC shareholders have been received.
Tom Salvesen, James Maxwell and James Todd of Singer Capital Markets Advisory LLP acted as financial advisor for Argentex Group PLC. Strand Hanson Limited acted as financial advisor to IFX. Clive Hopewell and Fiona McFarlane of Bird & Bird LLP acted as legal advisor to IFX Payments. Gowling WLG is acted as legal advisor to Argentex.
IFX (UK) LTD cancelled the acquisition of Argentex Group PLC (AIM:AGFX) from group of shareholders on August 7, 2025. Annonce • Jun 11
Argentex Group plc Announces Resignation of Daniel Ross as COO Argentex Group PLC announced On 25 April 2025 that Daniel Ross left the company as Chief Commercial Officer. Annonce • Jun 09
Argentex Response to Media Speculation and Rejects Lavide Holding Offer The Board of Argentex Group PLC (AIM:AGFX) noted recent media speculation and confirmed that on 6 June 2025 it received a highly preliminary non-binding proposal ("the Proposal") from Lavide Holding N.V. (ENXTAM:LVIDE) (and not Haerlem Capital as has been reported), a Euronext listed financial holding company with a current market capitalisation of c.€3 million, to make an equity investment in Argentex through the issuance of newly issued shares in order to obtain a 50% equity interest in the Company for a cash consideration of £2.5 million. The Proposal also includes the potential provision of a £15 million credit facility to the Company upon completion. The Board wishes to clarify that it has unanimously rejected the Proposal on the basis that it does not constitute an offer for the entire issued share capital of the Company, and that its proposed funding falls materially below that provided by IFX Payments and the level that Argentex requires to continue trading and fulfil its ongoing regulatory obligations. Annonce • May 09
Argentex Group PLC Announces Board Changes Argentex Group PLC announced that, following the April 25, 2025 announcement regarding the recommended acquisition of Argentex by IFX Payments, the directors had reviewed the composition of the board and agreed that it would be in the best interests of the Company and its shareholders to reduce the number of directors. Accordingly, each of Henry Beckwith, Lord Digby Jones, Rina Ladva, and Jeff Parker (all non-executive directors of the Company) agreed to resign and left the board on May 2, 2025. Following the completion of statutory Due Diligence checks, Tim Rudman was formally appointed to the board on 5 May 2025. Following Tim's appointment the board now consists of Nigel Railton, non-executive chairman, Jonathan Gray, senior independent non-executive director, Tim Haldenby, independent non-executive director and Tim Rudman as Chief Executive Officer. Annonce • May 07
Argentex Group PLC Announces Resignation of Guy Rudolph as Chief Financial Officer Argentex Group PLC announced that Guy Rudolph, the Company's Chief Financial Officer, on 2 May 2025 notified the board of his resignation. Guy will continue to serve as Chief Financial Offer of the Company whilst he serves out his notice period of 6 months. Annonce • Apr 25
IFX (UK) LTD proposed to acquire Argentex Group PLC (AIM:AGFX) from group of shareholders for £2.9 million. IFX (UK) LTD proposed to acquire Argentex Group PLC (AIM:AGFX) from group of shareholders for £2.9 million on April 23, 2025. IFX payments to acquire the entire issued and to be issued share capital of the Company, at a price of £0.0249 per Argentex share in cash. In a related transaction, Argentex Group PLC (AIM:AGFX) has also received non-binding indicative acquisition proposals from Pollen Street Capital Limited & Terry Clune and Harry Adams. The Board has unequivocally rejected the Proposals received from (i) Lumon Acquisitions Limited; and (ii) Terry Clune and Harry Adams. Although discussions are at an advanced stage, the Board cautions that there can be no certainty that a firm offer will be made for the Company nor to the terms of any such offer. Argentex shareholders are advised to take no action. IFX Payments has received irrevocable undertakings from the Argentex directors and certain other Argentex shareholders to vote, or procure a vote, in favour of a firm offer at a price consistent with the Possible Offer in respect of a total of 70,161,376 Argentex shares representing, in aggregate, approximately58.26% of the issued ordinary share capital of Argentex as at the date of this announcement. The irrevocable undertakings remain binding in the event of a competing offer.
Tom Salvesen, James Maxwell and James Todd of Singer Capital Markets Advisory LLP acted as financial advisor for Argentex Group PLC. Strand Hanson Limited acted as financial advisor to IFX. Annonce • Apr 16
Argentex Group PLC, Annual General Meeting, Jun 11, 2025 Argentex Group PLC, Annual General Meeting, Jun 11, 2025. Location: gowling wlg, 4 more london riverside, se1 2au, london United Kingdom Recent Insider Transactions • Apr 15
Independent Chairman of the Board recently bought UK£118k worth of stock On the 11th of April, Nigel Railton bought around 256k shares on-market at roughly UK£0.46 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth UK£150k. Nigel has been a buyer over the last 12 months, purchasing a net total of UK£508k worth in shares. Recent Insider Transactions • Apr 07
CEO & Director recently bought UK£150k worth of stock On the 2nd of April, James Ormonde bought around 320k shares on-market at roughly UK£0.47 per share. This transaction increased James' direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Annonce • Apr 03
Argentex Group PLC Appoints Jeff Parker as Independent Non-Executive Director, with Effect from 1 April 2025 Argentex Group PLC announced the appointment of Jeff Parker to the Board as an Independent Non-Executive Director, with effect from 1 April 2025. Jeff is currently CEO of global payments service Paymentology. He has deep experience in the payments business landscape, having held senior positions in four large, international payments businesses, two of which he was CEO. Of the four payments businesses that he has been involved in, two are listed entities, OzForex (ASX) and Marqeta (NASDAQ). He has spent over 20 years in the broader financial services arena accumulated across four continents. In accordance with Schedule 2(g) of the AIM Rules, Jeff Parker (aged 47) currently holds the following directorships: Paymentology UK; Paymentology Holdings; Whisky Brother UK; Whisky Brother Property. Previous directorships held in the past five years: Marqeta UK; S&J Parker Limited; Worldfirst Advisory Services; Worldfirst Services Ltd; Worldfirst UK Ltd; Worldfirst Markets Ltd; Worldfirst Singapore; Worldfirst Australia; Worldfirst Hong Kong. Reported Earnings • Apr 02
Full year 2024 earnings released: UK£0.011 loss per share (vs UK£0.045 profit in FY 2023) Full year 2024 results: UK£0.011 loss per share (down from UK£0.045 profit in FY 2023). Revenue: UK£50.3m (flat on FY 2023). Net loss: UK£1.30m (down 125% from profit in FY 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annonce • Mar 19
Argentex Group PLC to Report Fiscal Year 2024 Results on Apr 02, 2025 Argentex Group PLC announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 02, 2025 New Risk • Feb 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (UK£49.9m market cap, or US$62.3m). Annonce • Jan 21
Argentex Group plc Revises Revenue Guidance for the Year 2024 Argentex Group PLC revised revenue guidance for the year 2024. The Board expects to report FY24 revenues of approximately £50.3 million, marginally ahead of FY23 (£49.9 million), and ahead of mid £40 millions original expectations for the year. New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (UK£42.9m market cap, or US$52.4m). Recent Insider Transactions • Dec 06
Independent Chairman of the Board recently bought UK£214k worth of stock On the 2nd of December, Nigel Railton bought around 693k shares on-market at roughly UK£0.31 per share. This transaction increased Nigel's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Nigel has been a buyer over the last 12 months, purchasing a net total of UK£315k worth in shares. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (UK£40.5m market cap, or US$53.8m). Annonce • Aug 14
Argentex Group PLC to Report First Half, 2024 Results on Sep 18, 2024 Argentex Group PLC announced that they will report first half, 2024 results on Sep 18, 2024 Annonce • May 16
Argentex Group PLC, Annual General Meeting, Jun 19, 2024 Argentex Group PLC, Annual General Meeting, Jun 19, 2024. Location: the offices of gowling wlg, 4 more london riverside, se1 2au, london United Kingdom New Risk • May 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (UK£44.6m market cap, or US$56.1m). Annonce • May 11
Argentex Group PLC has completed a Follow-on Equity Offering in the amount of £3.249679 million. Argentex Group PLC has completed a Follow-on Equity Offering in the amount of £3.249679 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,217,175
Price\Range: £0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,333
Price\Range: £0.45
Transaction Features: Regulation S Annonce • May 04
Argentex Group PLC has filed a Follow-on Equity Offering in the amount of £5.09434 million. Argentex Group PLC has filed a Follow-on Equity Offering in the amount of £5.09434 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,217,175
Price\Range: £0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,103,579
Price\Range: £0.45
Transaction Features: Regulation S New Risk • May 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (UK£40.6m market cap, or US$51.0m). Buy Or Sell Opportunity • Jan 30
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to UK£0.56. The fair value is estimated to be UK£0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 13%. Annonce • Jan 30
Argentex Appoints Guy Rudolph as Interim Chief Financial Officer with Effect from 31 January 2024 Argentex announced the appointment of Guy Rudolph as Interim Chief Financial Officer with effect from 31 January 2024. Guy is a qualified chartered accountant and began his career at PwC before joining Vodafone where he spent 16 years driving transformation across international teams in his roles as Group Audit and Risk Director, and Director of Group Financial Operations. He was also the deputy CFO of Camelot from 2017 to 2022 and later interim Director of Group Finance at Rank Group plc. Annonce • Nov 17
Argentex Group plc Appoints Tim Haldenby as an Independent Non-Executive Director Argentex Group plc announced the appointment of Tim Haldenby as an independent Non-executive Director with effect from 15 November 2023. Tim will become Chair of the Audit and Risk Committee, and joins the Remuneration and Nomination Committees, on appointment. Tim was appointed as Chief Data Officer at Camelot UK Lotteries Limited in 2022, after rejoining the UK business in 2018 as Chief of Staff, after previously joining Camelot Global as Head of Strategy in 2014. Tim is a qualified management accountant (CIMA). Annonce • Nov 11
Argentex Group plc Announces the Resignation of Jo Stent from the Board Argentex Group plc announced the resignation of Jo Stent, Chief Financial Officer from the Board of the Company with immediate effect. She has agreed to work her notice period whilst a suitable replacement is identified. Annonce • Nov 10
Argentex Group plc Provides Earnings Guidance for the Full Year Ending December 31, 2023 Argentex Group PLC provided earnings guidance for the full year ending December 31, 2023. The company expected revenue and operating profit for the year ending 31 December 2023 at approximately the same levels as for the twelve months ended 31 December 2022, which are below current market forecasts. New Risk • Nov 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£67.0m (US$82.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (UK£67.0m market cap, or US$82.3m). Annonce • Oct 27
Argentex Group PLC Announces Chief Executive Officer Changes Argentex Group PLC announced that Harry Adams, Chief Executive Officer, has left the Company with immediate effect. Jim Ormonde, has been appointed to act as Chief Executive Officer on an interim basis. Previously, Mr. Ormonde was CEO of Cardsave. He was also a director of Retail Merchant Services which was sold successfully to TCV Private Equity. He has acted as a consultant and adviser to various Fintech businesses, including Argentex, and is currently Chairman of Gusbourne plc. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buying Opportunity • Oct 26
Now 34% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be UK£1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Sep 14
First half 2023 earnings released First half 2023 results: Revenue: UK£25.0m (up 28% from 1H 2022). Net income: UK£3.20m (up 14% from 1H 2022). Profit margin: 13% (down from 14% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Annonce • Jul 18
Argentex Group PLC to Report Q1, 2024 Results on Sep 13, 2023 Argentex Group PLC announced that they will report Q1, 2024 results on Sep 13, 2023 Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£1.13, the stock trades at a trailing P/E ratio of 13.6x. Average forward P/E is 16x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 11% over the past three years. Annonce • Jul 11
Argentex Group plc Announces Board Changes Argentex Group PLC announced that Lord Digby Jones will step down as Chair on 1 September 2023 and will continue as a Non-Executive Director. Lord Jones has been involved with Argentex since 2012 and has provided strong and effective leadership to the Group from inception through to the successful flotation in 2019 and thereafter. Nigel Railton (currently Senior Independent Director) will be appointed Chair of Argentex on 1 September 2023.Nigel was, until recently, the Chief Executive Officer of Camelot, a highly successful global technology-driven business, which under his leadership, doubled digital sales to £3.5 billion, and became one of the world's leading lottery operations. Lord Jones has indicated to the Board that he wishes to retire on or before his 70thBirthday in 2025. The Board has therefore started a process to identify two new Non-Executive Directors, one of whom will be appointed as soon as practicable to replace Nigel Railton as Chair of the Audit Committee and the other to replace Lord Digby Jones in due course. Nigel Railton will continue in his role as Chair of the Audit Committee until a new suitably-qualified Non-Executive Director has been appointed. Jonathan Gray will become Senior Independent Director. Upcoming Dividend • Jun 22
Upcoming dividend of UK£0.022 per share at 1.8% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.3%). New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£1.27, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 16x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 8.7% over the past three years. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: UK£0.083 (vs UK£0.061 in FY 2021) Full year 2022 results: EPS: UK£0.083 (up from UK£0.061 in FY 2021). Revenue: UK£54.7m (up 64% from FY 2021). Net income: UK£9.33m (up 34% from FY 2021). Profit margin: 17% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 31
Price target increased by 15% to UK£1.52 Up from UK£1.33, the current price target is an average from 2 analysts. New target price is 17% above last closing price of UK£1.30. Stock is up 57% over the past year. The company posted earnings per share of UK£0.065 last year. Price Target Changed • Nov 16
Price target decreased to UK£1.14 Down from UK£1.33, the current price target is an average from 2 analysts. New target price is 8.7% above last closing price of UK£1.05. Stock is up 9.4% over the past year. The company posted earnings per share of UK£0.065 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Nigel Railton was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
First half 2023 earnings released First half 2023 results: Revenue: UK£27.4m (up 75% from 1H 2022). Net income: UK£5.10m (up 55% from 1H 2022). Profit margin: 19% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in the United Kingdom. Annonce • Nov 09
Argentex Group PLC Provides Earnings Guidance for the Year of 2022 Argentex Group PLC provided earnings guidance for the year of 2022. For the year, the company expected that the financial performance for the full year will exceed current market expectations and in the medium term expects initiatives to generate a strong return on investment through growth in revenues and optimisation of revenue mix, thereby boosting profitability and improved earnings quality. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 20% share price gain to UK£1.04, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 15x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.34 per share. Upcoming Dividend • Aug 18
Upcoming dividend of UK£0.013 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 26 September 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (3.2%). Annonce • Jul 16
Argentex Group Plc, Annual General Meeting, Aug 22, 2022 Argentex Group Plc, Annual General Meeting, Aug 22, 2022, at 10:30 Coordinated Universal Time. Location: Gowling WLG, 4 More London Riverside London SE1 2AU London. United Kingdom Agenda: Annual General Meeting. Reported Earnings • Jul 07
Full year 2022 earnings released: EPS: UK£0.065 (vs UK£0.052 in FY 2021) Full year 2022 results: EPS: UK£0.065 (up from UK£0.052 in FY 2021). Revenue: UK£34.5m (up 23% from FY 2021). Net income: UK£7.40m (up 25% from FY 2021). Profit margin: 21% (in line with FY 2021). Over the next year, revenue is forecast to grow 19% compared to a 8.5% decline forecast for the industry in the United Kingdom. Annonce • Jul 07
Argentex Group plc Declare Final Dividend for the Year Ended 31 March 2022, Payable on 26 September, 2022 Argentex Group Plc declared a final dividend for the year ended 31 March 2022 of 1.25p per share. The final dividend record date will be 26th August 2022 and will be paid on 26th September 2022. The ex-dividend date is 25th August 2022. Together with the interim dividend paid on 7th January 2022 of 0.75p per share, this brings the total amount of dividend payable for the year to 2p per share, in line with prior years. Annonce • May 31
Argentex Group Plc to Report Fiscal Year 2022 Results on Jul 06, 2022 Argentex Group Plc announced that they will report fiscal year 2022 results on Jul 06, 2022 Price Target Changed • Apr 27
Price target decreased to UK£1.07 Down from UK£1.33, the current price target is provided by 1 analyst. New target price is 40% above last closing price of UK£0.77. Stock is down 41% over the past year. The company posted earnings per share of UK£0.052 last year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Senior Independent Director Lena Wilson is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Nigel Railton was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Annonce • Apr 12
Argentex Group plc Provides Earnings Guidance for the Year Ended 31 March 2022 Argentex Group Plc provided earnings guidance for the year ended 31 March 2022. The company expects to report revenues of £34.5 million for the 12 months to 31 March 2022, representing growth of 23% year-on-year (2021: £28.1 million). Reported Earnings • Nov 10
First half 2022 earnings released: EPS UK£0.029 (vs UK£0.024 in 1H 2021) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2022 results: Revenue: UK£15.7m (up 33% from 1H 2021). Net income: UK£3.30m (up 22% from 1H 2021). Profit margin: 21% (down from 23% in 1H 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Aug 05
Upcoming dividend of UK£0.02 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 13 September 2021. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (2.5%). Reported Earnings • Jul 03
Full year 2021 earnings released: EPS UK£0.052 (vs UK£0.071 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£28.1m (down 3.1% from FY 2020). Net income: UK£5.90m (down 27% from FY 2020). Profit margin: 21% (down from 28% in FY 2020). The decrease in margin was primarily driven by higher expenses.