PHOENIX, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Argentum 47, Inc. (ARGQ), (the “Company”) announced CEO Peter Smith’s interview on Uptick Newswire’s “Stock Day” Podcast.
Everett Jolly invited, Peter Smith, CEO of Argentum 47, Inc., to the “Stock Day” podcast. Looking at the fundamentals of the Company, Jolly firmly believes that the Company is currently highly undervalued, more so, bearing in mind that today it has funds under administration in excess of 10 times the Company´s current Market Capitalization. The team at Argentum have some great things going on, including the very recent and exciting acquisition of Cheshire Trafford (UK) Limited.
“With us today is CEO, Peter Smith. Welcome to the show! Give my listeners an `about statement´ of who you are.”
Smith responded that the Company is a full-service Financial Services Company, which means that they still have their traditional “go-public” offering where they advise international clients through the entire process of listing their shares on a Public Exchange. They’ve done this for the last 8 years or so, but it takes a long time to execute and complete transactions of this nature. So, the Company decided to go back to their origins, Retail and Corporate Financial Services, this meaning that they are now acquiring retail financial service entities (financial brokers, if you will) in the United Kingdom and South East Asia. This then provides them with regular recurring income and a presence in the Market. The funding, which is in the millions, for these acquisition was agreed with certain European Financial Institutions (all filed with the SEC) at a minimum of 4 to 5 times the Company´s current price per share.
So, rather than being very focused as they were in the past, Argentum can now target hundreds or thousands of individuals and corporations. In this process, they have been able to build an acquisitions program which, again, provides them with ongoing recurring revenues.
One of these was a sleeping giant in the United Kingdom, Cheshire Trafford, which has allowed the Company to gain over 700 new clients and approximately US$38.75 million of funds under administration. Argentum 47, Inc., through its fully owned subsidiaries, plans to build this business exponentially in the months and years to come, which has further allowed them to agree an appointed representative agreement with Aurum Wealth Management, a firm that will write between US$3 to US$5 million per month of new business, via Cheshire Trafford´s UK licenses. This is a huge milestone development for Argentum 47, Inc.
The Company also has some new funding agreements in the pipeline that might be of interest to listeners and potential investors, particularly because of the quality of these acquisitions and the extremely amicable terms that the Argentum Team are able to negotiate with their funding partners.
Jolly asked Smith why he thinks the Company is currently so undervalued, even to an extreme. Smith responded that he didn’t know whether to laugh or cry because it’s truly an enigma. The Company does have a good balance sheet and good assets and has demonstrated its first successful acquisition of a Financial Services company, so they’re hoping this success will continue to expand and investors will finally start to take notice.
Smith also said they want to build the Company as big as their ambition is, which is pretty big. It all depends on new funding lines. He said there’s no reason why this business doesn’t have in excess of US$1 Billion under administration in the near future.
Smith closed by saying, “Watch this space! There are some fantastic things in the pipeline mainly in and around new acquisitions and development of existing acquisitions.” He believes Argentum 47 will be one of the biggest success stories in 2019.
For more information about Argentum 47, Inc., please listen to the full interview at the link below:
About Argentum 47, Inc. (ARGQ):
Argentum 47, Inc. (“Argentum”) is a full service Financial Intermediary, Corporate Consultancy and Human Resources Company. Through its wholly-owned foreign subsidiaries, it advises both business and retail customers with their most critical decisions and opportunities pertaining to growth, capital needs, structure and the development of their financial plans. With offices in Dubai and the United Kingdom, Argentum has developed significant relationships in the US, UK, Central Europe, the Middle East and South East Asia to assist clients in realizing their full value and potential. Its mission is to bring business to external capital and resources, as well as retail customers, to a suite of secure effective financial solutions. Furthermore, as Argentum has offices in key financial centers of the world, they are able to introduce their clients to the right financial partner without geographical constraints.
Argentum 47, Inc.
X3 Jumeirah Bay Tower
Office 3305, JLT
United Arab Emirates
Dubai – Tel: + 971 42 767 576
USA – Tel: + 1 321 200 0142
UK – Tel: + 44 203 239 3824
Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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