Member Info for Dartron

If you have not seen this, might be worth watching (1 month old Quote data). I have skipped straight to the questions at the end which begins with dividend growth (and why share holders cant have it both ways!!)

https://youtu.be/B63y_2t0JnQ?t=1397

Odd behaviour here, why the persistent selling if this is the time for BEG.

Pulls no punches. Good read.

Over the coming months, the Board will reflect on the result of Resolution 2, and the Remuneration & Nomination Committee looks forward to ongoing engagement with the Group's shareholders as it continues to shape the Group's future remuneration policy. 25% vote against remuneration, not enough to stop them though. Puzzling Max Royde got 20% votes against, assuming he didnt vote against himself, as the largest shareholder that must mean most others voted against him? I take that as positive, that he he is pushing for change and asking difficult questions?

Thanks Saba, nice trade today.

For all the buyers there must be seller. If they are outside the uk then they wont have to report under 5%.

I like the company, and it is just a case of sit back and wait (and hope nothing bad happens).

It never seems to read across to Begbies though. Crazy to think this is cheaper now than 12 months ago.

RNS out saying deal is confirmed if you missed it. One final insult we will have to wait several months for a few hundred quid back.

What I do know is that money will flow in to larger caps first and work its way down. The shorts will be astute to the macro and their reduction might be an indication - especially as many of them will be the very participants moving money here.

The trouble with this stock specifically is that its yield is poor, investor comms or PR is poor, and and it is difficult to get a handle on how well they are doing, compared to a retailer or a brick manufacture etc. All this goes against them, and they seem quite detached from the public market. Hunting had a profit warning recently, I guess there is some read across though its not a direct correlation.

To phrase it another way, you need sentiment and this type of stock will be one of the last to get going IMO. I do like it, just stating the headwinds.

Https://www.lse.co.uk/rns/BRWM/portfolio-update-nfc3nfqdpxgp4ni.html

58% irrevocable undertaking so its already got more than enough votes. I would file this one in the un expectable category. Much like Wandisco where one rogue was falsifying orders, it could just be one rogue trader.

On reflection, perhaps the root cause was already making itself shown in the last results - a lack of cash generation. Had they made a bit more money last year it might be a different story. I was never a fan of the alternative banking idea. They should of stuck to trading forex. The company buying them a private forex broker with cash to spare proves my point. They have done very well out of this, but that is the market.

I would estimate I am about break even here. I had vast holdings dating back to the previous collapse in May 24, which I added to around Christmas. My holding was so large (for my own pot) that I had to start to sell it. My average was 33p. I had profit from the sales, which about nets out from the remaining loss. I'm so used to these disasters it has barely registered. I do feel fortunate to have reduced so much, being that it was only one of a few in profit, I was raiding it towards to the end, which has saved me. I will say again though, financial markets made unprecedented moves, American presidents did unprecedented things, and plenty of firms have blown up recently. I dont know if I would do anything different next time.

95% loss from current price.

https://www.londonstockexchange.com/news-article/AGFX/update-re-possible-offer-bridge-funding/17004850

Got out of my spread bet for 33p profit. At peak it went -£32.00 as predicted. Bought a further 7 points down at 1.70, went and made a gin and tonic and closed out at 179 b/e. Had to close well over my own leverage limits currently.

I have level 2 data you could see this happening many times:

24-Apr-25 15:18:13 175.00 10,000 Buy* 172.60 173.60 17.50k

Short covering.

I managed to buy Stock several times, and averaged down on my SB. It did go to auction, then dropped right down to 169p at one point. Now 173p to buy. Entirely expected reaction, but also entirely unwarranted. Glad to get some cheap stock from a company with recent broker upgrades.

March 25th - Advanced Medical Solutions Group Plc : Deutsche Bank raises PT to 275p from 250p

Opened tiny amount in spread bet. £100 upside, probably £30 down side - at which point I will average down and hold back to £2. Today is buying op, but keep powder dry incase deal collapses and market takes its down. It wont stay down long IMO.

I think if the PUSU was being extended it would already be announced as needs permission from the take over panel.

Balance sheet less healthy than most I would speculate.

Argentex is required to hold a minimum amount of cash for regulatory requirements, and therefore it is only the headroom above this amount that is free cash available for investing in the business. The regulatory cash requirement is calculated daily and is based on ongoing costs of running the business as well as stress tests. The headroom can vary significantly month to month due to margin calls and ongoing working capital movements.

Cash and cash equivalents as at 31 December 2024 was £48.7m, which includes £30.3m of client balances pertaining to collection of any collateral and variation margin. Net cash as at 31 December 2024 was broadly flat at £18.4m (FY23: £18.3m).

Collateral held at Institutional counterparties 5.7 M - presumably from the £18M

That was in December.

https://www.lse.co.uk/rns/AGFX/final-results-f71tf4n206afjd8.html

They need to sell off some data centres. Not sure whether they can do this, some are possibly too old. Ideally if they could raise £20M from the sale of a few data centres I think this would look a lot more promising. About fair price currently.

Lumon still interested.. See RNS

Lumon remains prepared to make an announcement of a firm offer under Rule 2.7 of the Code subject to inter alia (unless otherwise waived by Lumon) the recommendation of the board of directors of Argentex (the "Argentex Board") and sufficient binding support having been received from Argentex shareholders. Lumon urges the Argentex Board to resume work with Lumon without delay to fulfil these preconditions and to enable the Lumon Possible Offer to be implemented.