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I still think we are suffering from the 80p buyout of Carl's shares.
I am waiting for the trading update before being downhearted.
Its rare to see a company's SP at a record low, most companies and industries have staged some sort of post pandemic recovery. Are we sleepwalking into a horrible result? The forecasts looks great but confidence in achieving these numbers is very low and it looks like Numis has been steadily lowering revenue expectations for this year
Me too - just keep hanging on hoping that I’ve not missed something that ii’s haven’t
Unhooked - you and me both! The fundamentals are not that bad just don't understand whats wrong.
All time lows this morning. No point thinking about what's fair or reasonable, this share is performing so badly against its peers, I've picked a dud and I just don't get it.
I just wonder if news could come tomorrow or next week, I think this is going to make a move in the next few days. Breakout above 86.5p with volume and I think we could test the mid to late 90's. Of course bad news and, well, we all know what happens there. Probably wrong but just seems ripe for a move in some capacity, hopefully not sideways. All in my opinion.
Update was attached to an announcement last year, don't think it was a set date that we should anticipate.
Anyone know when we next get a trading update from AGFX? They updated the market around this time last year.
Had a buy order in for ages at 80p…..filled today so back in.
I couldn't resist a few below 80p. You're right fundamentals are sound but sentiment is sour
It is claiming back now. Even of it would fall back to 70s, it would nothing to do with the fundamentals of the company rather then the general market sentiment. Update is due soon we shall see.
Ouch. Not a single holder in this company is in the black. Looks to be a scramble for the door for the 80p crew and anyone else who has had enough. At least all those staff who purchased at 80p are under water now along with the rest of us.
Management have no clue, and/or perhaps don't care, about managing shareholder investor expectations. Time for another vague, perky update and to extend the growth horizon out another year or 2? Without some concrete trading information until April, the limited liquidity and the state of the market I can see this falling to 70p, perhaps lower.
Thank you for keeping the pot simmering on this board ragnar. I'm also looking fwd to receiving news. It's another recent IPO which hasn't entirely worked out, share price-wise, but I remain hopeful of good trading performance, which will reveal the attractive valuation. Bit worried about effects of a tight labour market.
Another ridiculous update from peer AFX. 67% revenue growth! I've lost count how many times this has been upgraded in the year. We could be ecstatic with half that number.
https://www.investegate.co.uk/alpha-fx-group-plc--afx-/rns/trading-update-and-intended-board-change/202201190700078798Y/
What it does say is that the model of throwing sales people at potential customers works. Hopefully AGFX can prove that too. The SP seems primed for disappointment seems to looking for an excuse to dip below 80p.
If 2021 is anything to go by we are due a trading update for 9 months performance within the next few days. But if its anything like last year's there's not really much point. This was one of the least informative TUs I have ever read and seems to indicate that they don't know how the year will turn out.
"Argentex is pleased to report that trading has continued to improve following the announcement of its Interim Results on 20 November 2020. Although the full effect of the latest lockdown has yet to be felt, the recent Brexit trade agreement and the successful implementation of the vaccine programme for Covid-19 provides the Board of Argentex with confidence that this encouraging trend, driven by a return to historic client trading behaviour, will continue for the remainder of the financial year to 31 March 2021."
A quick comparison with Equals yields a fascinating result,
Consensus Measure Current Year, AGFX, Equals
Sales, 36.3, 38.3
Sales Growth, 29%, 32%
EBITDA, 11.4, 5.25
Market Cap AGFX £100m, EQLS £120m
For 20% less MCap you get a business with similar sales and sales growth but with double the EBITDA. AGFX is undervalued against Equals on any measure. I don't need to do the comparison with AFX, its even more undervalued doing that comparison
Its so small no one seems to have noticed :-)
Positive updates from Equals and AFX today
https://www.investegate.co.uk/equals-group-plc--eqls-/rns/trading-update/202112080700068858U/
https://www.investegate.co.uk/alpha-fx-group-plc--afx-/rns/trading-update/202112080700068960U/
Could be the article in the Investors chronicle.
IMO its not transfers as the price would stay the same
its buyers the rns was really good
Some very large round blue numbers. Must be some transfers
Some massive buys this morning, not PI's, I guess.
I was beginning to think I read the rns wrong but looking good just wish I had of topped up yesterday
Yes, it depends on the point of view.
A Bad Joke? or a good investment perhaps :-)
Half year EPS was 3p, for the year It should be around 6-7p at least. The SP should be between 1.2-1.4 GBP with a PE of 20 considering the peers. And we talk about a a growth company, next year revenue and earnings should grow without the severe impact of national lockdowns on economy. This SP is a bad joke.