Former AIM top dog is feeling the strain
Shares in ASOS , AIM’s original online fashion pioneer, and for a long time AIM’s largest company, experienced another volatile day of trading on a more questionable outlook. Having carried a premium rating for many years, the shares are starting to look better value on some levels, but many will be fearing the increasingly competitive landscape, slow-down in growth and rising costs, as we consider here, along with other news. (Free to read)
Argentex: trading well Argentex Group (AIM:AGFX), the provider of bespoke foreign exchange services to institutions, corporates and high net worth individuals, issued an encouraging trading update for its first half ending 30 September 2021. Argentex expects to report a 33% increase in revenues for the six-months to £15.7m and a 67% growth in FX turnover to £8.3bn (H1 2021: £5bn). Clearly the comparative period covering the first lockdown is quite generous, but that is still meaningfully up on 2019 numbers (Revenues £13.8m, FX turnover £5.96 billion). Clients trading with Argentex increased by 27% to 1241 (H1 2021: 981) with the…