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Argentex - Maiden results 20 November

November 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AGFX
  • Price:
  • 152p
Another going from strength to strength like AlphaFX is Argentex. Ahead of reporting on 20 November it said it had Q1 sales of £4.5m but Q2 saw real jump off with sales of £9.3m evidencing a substantial increase in trading with growth supported by both increased customer numbers and currency volumes. Consequently, Numis has lifted its forecast by 8% to 7.1p from 6.6p with 8.9p and 12.2p over the next two years. The CEO told me he didn’t want to let a single share go in the IPO so I suspect he knows what’s coming next. Now he has his feet under the table in his new, enlarged office, this has propensity for a big ‘beat’ on forecasts. Buy. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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