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Argentex

May 2020

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:
  • 143p
Argentex has announced that for the year ended 31 March, it expects to meet its full year expectations. It will report sales up 30% to £29m helped by strong customer growth with 450 new corporate clients added. FX traded exceeded £12bn (£10.8bn last year) and Argentex has seen no bad debts. The currencies traded remained consistent with historic trends, and at the end of the period over 95% of the portfolio comprised Dollar, Sterling or Euro trades.  Numis forecasts eps of 9.3p for the year already ended but the government enforced lockdowns in major economies have resulted in an ongoing slowdown in global trade so the broker has adopted a cautious view for this year with an eps forecast of 8.9p lif ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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