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Feel free to thank me later for alerting you to something you overlooked.
and i stand by my bet that Harry hosed out his shares this week. I suspect its personal between him and those now running his old company! will await confirmation next week. Over and out...
Hahaha well you do that then! Perhaps read the report in full next time before jumping up and down. Here is a lesson too you, the juicy stuff is typically at the bottom so make sure you read it. As per the final results announcement:
29 Events after the reporting date
On 14 March 2024, the Group received an Employment Tribunal claim from a former director. The Group will contest the claim
Someone seems to be loading up big time before the weeekend ! Perhaps it has something to do with potentially announcing next week the growth opportunity mentioned in the RNS
Time Trade Price Volume Value
16:00:59 35.491 6,329 2,246 O
16:00:19 35.30 3,000 1,059 A
16:00:19 35.30 16,889 5,962 A
16:00:03 35.15 25,000 8,788 O
15:56:59 35.246 38,824 13.68k O
15:56:37 35.171 20,000 7,034 O
15:56:23 35.00 3,000 1,050 A
15:56:23 35.00 10,000 3,500 A
15:56:23 35.00 11,752 4,113 A
15:55:23 34.30 24,998 8,574 A
15:55:14 34.209 25,000 8,552 O
15:54:37 36.061 1,161,740 418.94k
I've reported him too for spreading false info. about legal case against the company
I reported Wobbles post as false or misleading.
I cannot verify this anywhere and if it were true, I believe it is price sensitive information.
Wobble . Where is there news about filing a legal claim please? Would have thoght that would be in an RNS . Many thanks
It’s almost like there are two different stories going on here and litigation with the fired founders is not going to help confidence . Quite a head scratcher. Thoght Harry was long gone on the share front. Maybe using the proceeds for his legal battle. The trouble is how is this in the best interest of shareholders. As far as I can remember this has never been of concern to any of the board
Zebbo, you see what is happening to the share price yes? Or do you not have eyes. It's a train wreck in the making. If my holding was worth selling at this point I would, but as it's only pocket money by now it's more fun to see it getting halved again shortly.
What is the bet Harry Adams is trashing the share price deliberately to make the placing difficult? I would not rule that out as one final goodbye to the board that booted him. I see he has also filed a legal claim against the company which Argentex intend to defend...
Av123 - The Inst placing has been done at 45p, there will be no reduction. Do you read the RNSs or just spout drivel
The market's not finished with punishing AGFX this morning. I can't believe what a pig's ear they've made of this placing. Such a bad idea in the first place.
Looks more like the sp will stay in the doldrums and the placing will be a disaster. No one in their right mind would pay a 10p premium.
This will give the share another kick down for sure.
I believe they have to do this as part of the e2e process.
If they go to 50p today, I may take up the offer :-)
Retail offers closes on the 9th
So plenty of time for SP recovery.
I suspect the MMs would see an absolute ton of buys at 35p with the retail offer being 45p and the institutional placing fully subscribed for 45p.
I would imagine well see closer to 42-44p today.
I think this will be very undersubsribed . Who on earth would buy at 45p when you can buy at 35p on open market. Who would buy these full stop?
If you are correct that would mean that 2026' profit would be way below this year disappointing financial perfomances after all the planned investment. what???
The footnote below (3) indicates it’s the margin overall for the Group, not the margin on the growth.
Could anybody translate this for me?
"With the additional investments envisaged, we would anticipate revenue growth in FY26 in the 15% - 20% range, with EBITDA margins in the mid-teens." Do this EBIDTA margins apply to the companies' full revenue or just the additional (growth) revenue? Thx
What makes you say they're a quality outfit and good rep... I wouldn't agree with this.
Yeah, lets hope we get some more detail re the plan and execution. Hopefully we will get better comms, maybe a slow road to full recovery
They are a quality outfit and have a good rep, so lets see
the placing rns also mentioned using debt, an rcf of about £10m. so i think they have a way forward. they didnt help themselves, with such sp**** details and lack of interaction with the market over recent months. the rns also said that the retail offer was conditional on the placing, so i personally hope that they pull it and do not get humiliated with no take up. it is possible that who ever wanted the placing shares, now may buy in the market, that would make sense.
i think it will take a while for the dust to settle here. maybe they should put the for sale sign up?
hope your doing ok zebbo, i think this will be alright but might take a while, going to be uncomfortable for a bit i think.
Not to bad, based on todays action. Less dilution and maybe use some of the cash on the balance sheet or slow down expansion a little. Expect retail price will remain at 45
Idiots everywhere.
They have placed 7.2m shares of the alloted 11.3m
I would presume most, if not all of the remaining 4m will be through the retail offer tomorrow.
I would say better than expected given share price today. I don’t think retail offering will be at a discount to today’s close.
I would say the placing failed. They only got a small portion away. Now they going to have to think hard about what to do tomorrow morning for the Retail offering. Maybe 32p?