Discover and read the best of Twitter Threads about #afx

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GHF Portfolio 2020/21 squad
Pot 1. Covid beneficiaries &/ or lockdown resilience
#WEY see thread for rationale...
I’ll post Pot 2. tomorrow & my first portfolio performance update for 2020 at end of week...after all, only 8mths gone!!!😳 Image
#BOKU Rationale:
(1) Strong H1 with TPV +35% (2) Largest DCB payments company & recent acquisition of Fortumo cements global leadership (3) Op gearing emerging (4) Identity side set to scale FY21 (5) New e-wallets provides access to 2bn potential customers with nil in forecasts👇🏻
#EKF Rationale:
(1) 4x “ahead” trading updates in FY20 (2) Strong B/S & cash generation (3) Excellent management (4) Primestore collection device in significant demand for COVID testing (5) Value of #RENX stake (5) Possibility of further upgrades in FY20
Read 32 tweets
It really shouldn't take Alpha FX #AFX reporting decent results for Argentex #AGFX to rise nearly 10% - it was sent out to IPO far too cheaply
Argentex #AGFX did £9.3M in the 3 months to September; £13.8M in the HY, up 45%.

Market cap is £160M

At a run rate of ~£3M per month with operating margins of ~50%, you don't even need to net the cash out to get it to a single digit PE
Not entirely apples to apples but squint and it's close enough to be relevant to #AGFX / #AFX etc.

Santander pays 10x revenues for majority stake in loss making Ebury, a provider of corporate banking services to SMEs that trade internationally:…
Read 4 tweets

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