Argo Group Ltd. (ARGO)

Sector:

Financials

Index:

FTSE AIM All-Share

 24.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 25.10
  • 52 Week Low: 15.25
  • Currency: UK Pounds
  • Shares Issued: 38.96m
  • Volume: 8,877
  • Market Cap: £9.55m

Argo Group to slip to loss as fees falter

By Duncan Ferris

Date: Tuesday 29 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Argo Group fell on Tuesday after the company said that "difficult trading conditions in emerging markets" meant that the company had failed to replicate 2017's significant performance fees and that it would report an operating loss.
For the year ended 31 December, the alternative investment manager said management fees, which came in at $4.2m in 2017, will be broadly flat year-on-year while significant performance fees will not reach the $5.9m achieved during the prior year.

Consequently, and in spite of tight cost control, the AIM-traded company said it will record an operating loss for the year, down from an operating profit of $2.0m, when it reports its full results in early March.

In a statement, the company said that its board does not intend to declare a final dividend, but is considering a return of capital to shareholders via a buyback of shares, as to which further announcements will be made in due course.

Argo Group's shares were down 11.27% at 15.75p at 1531 GMT.

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Argo Group Ltd. Market Data

Currency UK Pounds
Share Price 24.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 25.10
52 Week Low 15.25
Volume 8,877
Shares Issued 38.96m
Market Cap £9.55m

Argo Group Ltd. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.89% above the market average69.89% above the market average69.89% above the market average69.89% above the market average69.89% above the market average
59.40% above the sector average59.40% above the sector average59.40% above the sector average59.40% above the sector average59.40% above the sector average
Price Trend
70.83% above the market average70.83% above the market average70.83% above the market average70.83% above the market average70.83% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income Not Available
Growth
52.27% above the market average52.27% above the market average52.27% above the market average52.27% above the market average52.27% above the market average
47.54% above the sector average47.54% above the sector average47.54% above the sector average47.54% above the sector average47.54% above the sector average

Argo Group Ltd. Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 27-Mar-13
Paid n/a 26-Apr-13
Amount 0.000p 1.30p

Trades for 19-Feb-2020

Time Volume / Share Price
11:05 877 @ 23.05p
09:49 8,000 @ 25.10p

Argo Group Ltd. Key Personnel

CEO Kyriakos Rialas

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