Argentex Group (AGFX)

Sector:

Financials

Index:

FTSE AIM All-Share

129.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 139.50
  • 52 Week Low: 68.60
  • Currency: UK Pounds
  • Shares Issued: 113.21m
  • Volume: 250,984
  • Market Cap: £146.04m
  • RiskGrade: 236

Argentex interim revenues grow on growth in FX turnover

By Iain Gilbert

Date: Monday 11 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Foreign exchange services firm Argentex said on Monday that interim revenues were expected to have shot up by a third amid growth in FX turnover.
Argentex stated interim revenues were up 33% to £15.7m in the six months ended 30 September, while FX turnover had increased 67% to £8.3bn as clients trading with the group grew by 27% to 1,241.

The AIM-listed group added that its financial performance had been supported by an ongoing recovery in client trading volumes following the onset of Covid-19.

Chief executive Harry Adams said: "We are pleased with how Argentex has maintained its strong momentum into the new fiscal year, building on the positive trends reported towards the end of FY 2021. Our track record of prudent risk management continues to be a key differentiator, reflected in our focus on revenue quality and continued low levels of bad debt.

"This is a key factor contributing to the positive performance delivered over the last six months and the strength of our business model. Supported by increased sales capacity in new, larger headquarters and ongoing investment in our technology, we are well placed to capitalise on the significant opportunities ahead."

As of 1035 BST, Argentex shares were down 0.10% at 97.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Argentex Group Market Data

Currency UK Pounds
Share Price 129.00p
Change Today -7.00p
% Change -5.15 %
52 Week High 139.50
52 Week Low 68.60
Volume 250,984
Shares Issued 113.21m
Market Cap £146.04m
RiskGrade 236

Argentex Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.48% below the market average82.48% below the market average82.48% below the market average82.48% below the market average82.48% below the market average
80.33% below the sector average80.33% below the sector average80.33% below the sector average80.33% below the sector average80.33% below the sector average
Price Trend
88.62% above the market average88.62% above the market average88.62% above the market average88.62% above the market average88.62% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
13.71% above the market average13.71% above the market average13.71% above the market average13.71% above the market average13.71% above the market average
19.48% below the sector average19.48% below the sector average19.48% below the sector average19.48% below the sector average19.48% below the sector average
Growth
12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average12.04% below the market average
33.9% below the sector average33.9% below the sector average33.9% below the sector average33.9% below the sector average33.9% below the sector average

Argentex Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Aug-22 09-Dec-21
Paid 26-Sep-22 08-Jan-22
Amount 1.25p 0.75p

Trades for 30-Jan-2023

Time Volume / Share Price
16:35 1,945 @ 129.00p
16:35 655 @ 129.00p
16:35 277 @ 129.00p
16:35 8 @ 129.00p
16:35 331 @ 129.00p

Argentex Group Key Personnel

CEO Harry Adams
CFO Jo Stent

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