Directors back Argentex after strong FY24 results, CEO Ormonde invests £150k amid growth plans
Yesterday, five directors collectively backed up the truck at specialist forex payments firm () following Wednesday's positive FY24 results. This includes a chunky £150k investment by CEO Jim Ormonde at 46.8p/share.
To me, combining specialist B2B international payments advice and execution to corporates and fund managers alike - under an "outsourced treasury function" model - is a major differentiator.
Indeed, once the new AGP is launched in late summer, should be able to offer bespoke structured solutions (spot, options and forwards) and treasury risk strategies, coupled with automated onboarding, STP, and mass payments internationally everywhere and in any currency.
Plus, Trump's tariffs and geopolitical uncertainty is a helpful catalyst for forex hedging.
That said, as always execution is going to be key. Rival trades on 5x EV/sales vs 1x for .
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