The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Shareholders starting to mobilise http://wexboy.wordpress.com/2014/09/08/argo-group-time-for-a-sale-andor-a-wind-down/
liquidity challenging..
Argo is a buy http://investingsidekick.com/aim-project-argo-imic-blz/
Let's hope there is some good news to lift the SP a little. I am looking forward to a juicy dividend being paid.
but nothing is most
Argo Group – A Closer Look at Their Recent Interim Results: http://wexboy.wordpress.com/2013/09/06/argo-group-2013-interim-results/
Argo Group - Upcoming Interim Results, A Preview: hxxp://wexboy.wordpress.com/2013/08/22/argo-group-interims-a-preview/
UK Asset Managers & Argo Group: A Peer Analysis http://wexboy.wordpress.com/2013/06/12/uk-asset-managers-argo-group/
here it seems
on the cards...goody
Argo Group Limited ("Argo") Exposure to Cyprus Argo Group Limited, the independent alternative investment manager offering a multi-strategy platform for investing in global emerging markets, is a holding company incorporated in the Isle of Man and has principal subsidiaries in Cyprus, the UK and the Cayman Islands (together the "Group"). Substantially all of Argo's revenue is derived from management and performance fees paid by the funds which are under the management of the Group. As announced on 12 March 2013, the Group had cash and cash equivalents as at 31 December 2012 of US$5.1 million. The Board has been mindful of the Group's exposure to Cypriot sovereign risk and has managed its treasury accordingly. Argo currently has cash balances of US$104,000 and €20,000 at Cypriot banks and estimates the Group's exposure to Cypriot credit risk to be approximately €50,000. The Group's priorities continue to be the achievement of consistent investment performance and increasing AUM both of which the Group has the capacity to achieve without a corresponding increase in costs. Emerging markets remain attractive and despite the continuing challenges posed by the global markets for asset gathering the Board is confident about the future of the business. As improved sentiment towards the euro and greater risk appetite amongst investors flows through to 2013 the Board continues to be optimistic about the Group's future prospects. Argo has a strong debt-free balance sheet, a prerequisite for further growth. This underlies the Board's confidence that with continued operational efficiency and its talented team the Group is well positioned to continue to weather the economic and political challenges ahead and to benefit from the eventual global recovery.
grommit watch & learn! lol
Argo Group – Awaiting Results http://wexboy.wordpress.com/2013/03/08/argo-group-awaiting-results/ If you’re a private investor/adviser/fund manager with an (in)direct shareholding in ARGO (large or small), and are in broad agreement with this proposal (and/or my prior recommendations), I’d like to hear from you. Please comment, and/or email me at wexboymail@yahoo.com Cheers, Wexboy
all the recent Argonauts At 10p it was the proverbial "no-brainer"
Argo Group – A Shareholder Proposal: http://wexboy.wordpress.com/2012/12/19/argo-group-a-shareholder-proposal/ If you're an ARGO shareholder, I'd like to hear from you - please email me at: wexboymail at yahoo dot com Thks & Cheers, Wexboy
feel the vibe - nice 126k buy thank you
I hope you joined the bus, Eco
Argo Group Limited launches new hedge fund Argo Group Limited ("Argo"), the emerging markets focused investment firm, announces the launch of a new hedge fund - the Argo Local Markets Fund ("ALMF" or "the Fund"). The Fund will seek to invest in a portfolio of bonds and currencies from a universe of over 40 emerging market countries using a long/short approach. It is being launched with an initial US$7m of seed capital.
Key Highlights for the six month period ended 30 June 2012 - Revenues US$3.9 million (six months to 30 June 2011: US$6.2 million) - Operating profit US$0.7 million (six months to 30 June 2011: US$1.0 million) - Loss before tax US$15.3 million after a one-off goodwill impairment charge of US$14.9 million (six months to 30 June 2011: profit US$1.2 million) - Net assets US$26.5 million (31 December 2011: US$43.4 million) after dividend payment of US$1.4 million
Welcome to the outer-reaches of my portfolio! Very interested in your perspective Mine is:- I like net nets and include Argo as a quasi-net net (quasi because its main asset is an investment in its own fund which is not quite the same thing as cash!!) I am not investing for yield (though divs clearly reduce my exposure - they also increase liquidity risks for the business). No, this a punt on E Europe really (B Sea in particular). I respect the way the brothers seem to be managing the business thro' difficult times and therefore (given still profitable) see this as a discounted investment in TAF. With growth in general AuM as cream on top. DYOR etc etc Jolly patient/relaxed
Why the big drop here in recent months? Yield looks very attractive - is it likely to last? Cover not that great ...
Jolly - thanks, all agreed. The company has done a v good job of maintaining reasonable profitability since 2007/08 - far better than a lot of other managers - so they're clearly pretty realistic & flexible in re-sizing the business to adjust to level of AUM. Of course, a rising AUM would really help at this point..! But it gives me confidence they can maintain this record, so I consider most cash/liquidity is surplus & if returned to shareholders it doesn't pose a risk to the underlying business. Cheers, Wexboy
Rubic: DYOR and not investment advice, of course Well done for putting your ideas so clearly into the letter. I enjoyed reading it. Let's see what the brothers make of it. For what it is worth, my (not particularly considered or informed, I'm afraid) views are - & taking the points in your letter: (i) Agreed - though may have a strange outcome (marginal investors invest in quoted argo shares not TAF!) You and I fine about that I guess if sp up (and we can then exit); to brothers' credit they are not likely to exit so it would just divert marginal money and lessen AuM (ii) Not sure about buybacks (or dividends), I like companies in which I invest to maintain decent liquidity (particularly in these long standing troubled times) (iii) Fund raising at the moment is just appallingly difficult, so I give them a pass (iv) Agreed - interesting (as would "white label" approach) (v) Why not (a decent drink and chat - what's not to like)? Keep up the blog Jolly content
http://wexboy.wordpress.com/2012/11/16/argo-escape-from-an-evil-state/