Argent Industrial Limited. JSE: ART

Argent shares

Background of Argent

  • Argent Industrial Limited is a diversified holding company with a portfolio of 23 subsidiaries, predominantly involved in the steel industry. Steel trading makes up almost 43% of the group’s turnover, with another 37% being contributed by companies which beneficiate or add value to steel through manufacturing or steel service centres. Other subsidiaries include paint manufacturers, sanitation specialists, concrete suppliers, security equipment providers and home lifestyle retail shops. Market cap currently stands at R 383 million.

  • The group is split into five major operating divisions, namely manufacturing, steel trading, automotive, watch list and properties.The group’s extensive property investment support base encompasses 17 properties valued at R 371 million.

  • Argent’s history stretches back to 1972, when the Scharrighuisen families moved to South Africa from Holland to fulfill earthmoving contracts. The company started diversifying into other industrial markets, and was listed in the Industrial Engineering sector of the Johannesburg Stock Exchange (JSE) in 1989. In 1999, the company’s name changed from Scharrig Industrial Holdings to Argent Industrial Holdings.

  • The group’s activities are based in Gauteng, the Western Cape, Eastern Cape, Kwazulu-Natal and Mpumalanga, with one subsidiary (Cannock Gates) in the United Kingdom and one (New Joules Engineering) based in North America.

  • Argent share prices have experienced heavy losses since 2012, falling from R7 per share to R4 today: troubling data for shareholders and investors looking to buy into the company.

Argent Shares Growth Driver

  • Over the past few years, Argent has consolidated its core business around its branded manufacturing companies. The company has said that its main focus will be to build on the success of these brands and increase production automation to drive growth. A key objective is to increase exports to hedge against the weak rand, whilst attracting offshore capital investment. The group believes that this will create a sound basis for local and international sustainability and growth.

  • As with many companies in the steel business, the group’s profits and Argent share prices have been negatively impacted by an influx of cheap Chinese imports, steel shortages and oversupply of steel products. Operations have also been affected by countrywide strikes by NUMSA trade union workers.

  • With its wide local and international footprint and diversified nature, together with a strategy of vertical integration and self-sufficiency, the group has some protection against economic swings in any particular market.

Argent Group Investor Tip

  • Recent share buy-backs implemented by the group haven’t come at the expense of dividends or the ability of Argent to make new acquisitions. Through tough economic conditions, the company has managed to maintain good balance sheets and dividend payouts.

  • Falling Argent share prices have hampered investor confidence to purchase shares, and current shareholders will most likely want to see the fruits of automation initiatives, export increases and offshore operations if confidence is to be restored.

  • A troubling forecast for the steel sector also stands in the way of making Argent the strong stocks force it was in 2009, when share price reached R23 per share.

Argent Major Shareholders

Sanlam Investment Management (Pty) Ltd, Giflo Trading (Pty) Ltd, Sanlam Life Insurance Ltd and SBSA ITF SIM BAL FND.

  • Sector

    Consumer Discretionary

  • Industry

    Retail-Discretionary
  • Sub industry

    Automotive Retailers

How to buy Argent Group Shares

  • Argent : How to buy Argent Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Argent Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Argent Holdings and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Argent Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Argent.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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