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Argo Group Share News (ARGO)
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Argo Group Information
Share Price Information for Argo Group (ARGO)
Share Price is delayed by 15 minutes
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Share Price:
5.50
Bid:
4.00
Ask:
7.00
Change:
0.00 (0.00%)
Spread:
3.00 (75.00%)
Open:
5.50
High:
5.50
Low:
5.50
Prev. Close:
5.50
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Don't have an account? Click here to register.Argo Group to slip to loss as fees falter
Tue, 29th Jan 2019 12:01
(Sharecast News) - Argo Group fell on Tuesday after the company said that "difficult trading conditions in emerging markets" meant that the company had failed to replicate 2017's significant performance fees and that it would report an operating loss.For the year ended 31 December, the alternative investment manager said management fees, which came in at $4.2m in 2017, will be broadly flat year-on-year while significant performance fees will not reach the $5.9m achieved during the prior year.Consequently, and in spite of tight cost control, the AIM-traded company said it will record an operating loss for the year, down from an operating profit of $2.0m, when it reports its full results in early March.In a statement, the company said that its board does not intend to declare a final dividend, but is considering a return of capital to shareholders via a buyback of shares, as to which further announcements will be made in due course.Argo Group's shares were down 11.27% at 15.75p at 1531 GMT.
More News
31 Jul 2019 13:24
ARGO Group Swings To Profit In First Half Amid Market Recovery
(Alliance News) - ARGO Group Ltd on Wednesday said it swung to profit in the first half of 2019 following a recovery in global markets.The investment company recorded pretax profit of in to
Read more26 Mar 2019 12:37
Argo Group To Buy Back GBP2.1 Million Worth Of Shares After Tender
LONDON (Alliance News) - Investment manager Argo Group Ltd on Tuesday said it will repurchase almost a fifth of its share capital for GBP2.1 million.The company received valid tender in of
Read more7 Mar 2019 11:05
Argo Group Starts Tender Offer As Annual Loss Widens
LONDON (Alliance News) - Shares in investment manager Argo Group Ltd climbed Thursday as it announced a tender offer, though it has swung to an annual loss.Argo will buy back up to GBP2.5 a
Read more7 Sep 2018 11:24
Argo Blockchain Posts Loss But Makes "Strong Start" To Second Half
LONDON (Alliance News) - Argo Blockchain PLC said Friday it made a "strong start" to the second half of its financial year after posting a loss for its first seven months as a December a
Read more6 Sep 2018 12:04
Argo Blockchain Expands Crypto Mining Platform To Increase Subscribers
LONDON (Alliance News) - Argo Blockchain PLC said Thursday it has expanded its platform to support the "mass roll-out" of its cryptocurrency-mining-as-a-service offering later in mining
Read more1 Aug 2018 11:51
Argo Group Swings To Interim Loss As It Loses On Investments
LONDON (Alliance News) - Argo Group Ltd said Wednesday it swung to an interim loss in the first half of the year as it recorded net losses on investments.For the six months to June 30, the
Read more9 May 2018 15:50
Valkendorf Now Holds 4.1% Interest In Underwriter Argo Group (ALLISS)
LONDON (Alliance News) - Argo Group Ltd on Wednesday said Valkendorf ApS now has a 4.1% stake in the company following a transaction on Tuesday.Prior the that, Valkendorf's stake was in
Read more7 Mar 2018 14:23
Argo Group Swings To Operating Profit Boosted By Investment Gains
LONDON (Alliance News) - Argo Group Ltd on Wednesday reported a year of "solid" performance as it saw a rise in profit and performance fees.The AIM-listed of
Read more8 Sep 2016 14:24
Argo Group swings to profit in first half
(ShareCast News) - Argo Group announced its interim results for the six months to 30 June on Thursday, with revenues of $4m, up from $3.1m a year ago. The AIM-traded group reported operating profit $3.8, up significantly from $0.2m, with profit before tax growing to $4.9m, compared with a $4.2m loss
Read more30 Sep 2015 13:49
30 Jun 2015 10:56