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Argent Industrial

April 16, 2024
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Anthony Clark
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Anthony Clark

Comment on sparkling trading update

JSE small-cap Argent Industrial has been a favourite of this analyst since I selected the counter at 352 cents in March 2019. 

I actually enclose an original report back in the day to explain why I selected the stock a stock the market was ignoring yet I believed had significant upside.

That report is below in the GDrive link

https://drive.google.com/file/d/1VwTnNymOuYXjBIhFuG-4jQ2DUM6kJnTF/view?usp=sharing

 

Recently Argent issued its trading update to March 2023 which was as good as I had been forecasting as far back as November 2022.

Strong offshore earnings aided the company and the weakness of the Rand against the British Pound and US$ will aid the company in its H1 2023 results

I wrote a brief note on the trading update with a link in the report back to my prior, more detailed, Argent recommendation

https://drive.google.com/file/d/1E7TFby_Iuc-hpB2ROuw-hOoQUXcCCgZ0/view?usp=sharing

 


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