By Iain Gilbert
Date: Friday 10 Nov 2023
LONDON (ShareCast) - (Sharecast News) - Foreign exchange service Argentex Group warned on Friday that full-year revenue and operating profits would be broadly flat year-on-year and below current market forecasts.
Argentex said it was "very disappointing" that its full-year numbers were likely to "show little, if any, improvement" on a year-on-year basis.
The AIM-listed group noted that although current market conditions "remain challenging", it said it continues to be a "stable, profitable and cash generative business".
Interim chief executive Jim Ormonde said: "We are in the process of concluding a review of our strategy, which we will communicate to investors in the New Year, and we remain confident that there is a significant market opportunity for us to exploit."
As of 1020 GMT, Argentex shares were up 5.24% at 62.30p.
Reporting by Iain Gilbert at Sharecast.com
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Currency | UK Pounds |
Share Price | 44.10p |
Change Today | -0.20p |
% Change | -0.45 % |
52 Week High | 133.00 |
52 Week Low | 43.50 |
Volume | 137,561 |
Shares Issued | 113.21m |
Market Cap | £49.92m |
RiskGrade | 236 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Interim | Final | |
Ex-Div | 12-Oct-23 | 29-Jun-23 |
Paid | 13-Nov-23 | 04-Aug-23 |
Amount | 0.75p | 2.25p |
Time | Volume / Share Price |
16:07 | 1,000 @ 44.15p |
16:06 | 1,554 @ 44.70p |
15:55 | 22 @ 44.70p |
15:15 | 5,000 @ 43.62p |
15:13 | 1,392 @ 44.70p |
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