Argentex (LON:AGFX) provides foreign exchange (FX) services by acting as a Riskless Principal broker for non-speculative spot, forward foreign exchange and structured financial derivative contracts. It supplies tailored foreign exchange advisory and execution services to institutions, corporates and high net worth private individuals.
In the their Interim results on 8 November 2021, Harry Adams, CEO of Argentex comments:
"We're delighted to be reporting a record set of H1 results with strong revenue and profit growth driven by a continued surge in client trading activity and increasing demand for our services. As confidence returns in the aftermath of the pandemic, we're delivering across all of our key performance metrics, enabled by our robust model and tireless approach to risk management. Our investment in high-quality people and evolving technology is integral to our market-leading service as evidenced by our growing client base in all trading environments. We remain confident in our future and long-term strategy to deliver on our ambitious growth plans, and we are well placed to capitalise on the significant opportunities that lie ahead."
Latest Argentex (LON:AGFX) H1 Results Presentation, 8 November 2021
Tamzin Freeman’s pitch for Argentix in the September 2021 Stockopedia/PIWORLD Virtual StockSlam is @ 09:11
Piworld interview of Ken Wotton, Managing Director, Public Equity discusses Argentex @ 40:18
In the Stockopedia 'Small Cap Value Report of 1 July 2021, writing about Argentix, Jack Brumby writing concludes
“All in all though, these results strike me as better than they might have been given the exceptional conditions, and the company seems to have its sights set on long term growth. Given that sentiment is lukewarm at the moment and the shares remain close to the IPO price from a couple of years ago despite strong growth forecasts, it could be a good time to do some digging.”
On 8 November 2021, Investors Chronicle says Argentex is trading at a clear discount to peers, it benefits from volatility, and currency flows boost the bottom line. The article says
“The company’s business model is reliant on achieving scale in its operations before the needle can move significantly on its profits, so the investment in sales and marketing makes sense. House broker Numis forecasts EPS for 2022 of 7.9, rising to 10.8 the following year, which gives an undemanding forward…
