[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Smalltalkdaily Research [@smalltalkdaily](/creator/twitter/smalltalkdaily) on x 21.8K followers Created: 2025-06-27 08:25:13 UTC Yet another solid set of results from small cap industrial counter $JSEART Argent Industrial a stock @smalltalkdaily has recommended since May 2019 with a buy recommendation. Every price target set, has been exceeded I had penciled in reasonable year-on-year growth but in Q3 was guided lower on softer local markets. #ART must have had a cracking Q4 as HEPS exceeded my revised (lower) forecast. I should have kept it at the original XXX cents not my revised XXX cents. FY2025 results points Revenue R2,635m (+3.6%) Operating Profit R370m (+8.0%) HEPS XXXXX cents per share (+12.5%) Dividend XXX cents per share (+10.4%) NAV 3488.1 cents per share (+12.0%) Cash on hand R487m (+8.2%) = XXX cents per share On the other operational % metrics Revenue Manufacturing R2,184.5m (+7.8%) Steel R450.9m (-12.8%) Profit Manufacturing R343.7m (+13.6%) Steel R5.8m (-78.1%) South African generated revenue R1,310.1m (flat year-on-year) and profit -XXXX% to R101.8m Offshore generated revenue R1,325.5m (+7.2%) and profit +21.9% to R264.9m #ART rand hedge quotient moved higher year-on-year due to weak domestic steel segment. Offshore profit = XXXX% versus XXXX% FY2024 Another consistent set of results and with the stock trading today at 2750 cents (+5.0%) my standing price target is 2825 cents as revised April 8th when #ARET was trading at 2499 cents I will update my note and revise my price target next week. I maintain my buy recommendation which I've had since May 2019  XXXXX engagements  **Related Topics** [has been](/topic/has-been) [#art](/topic/#art) [$jseart](/topic/$jseart) [Post Link](https://x.com/smalltalkdaily/status/1938513938456469783)
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Smalltalkdaily Research @smalltalkdaily on x 21.8K followers
Created: 2025-06-27 08:25:13 UTC
Yet another solid set of results from small cap industrial counter $JSEART Argent Industrial a stock @smalltalkdaily has recommended since May 2019 with a buy recommendation. Every price target set, has been exceeded
I had penciled in reasonable year-on-year growth but in Q3 was guided lower on softer local markets. #ART must have had a cracking Q4 as HEPS exceeded my revised (lower) forecast. I should have kept it at the original XXX cents not my revised XXX cents.
FY2025 results points
Revenue R2,635m (+3.6%) Operating Profit R370m (+8.0%) HEPS XXXXX cents per share (+12.5%) Dividend XXX cents per share (+10.4%) NAV 3488.1 cents per share (+12.0%)
Cash on hand R487m (+8.2%) = XXX cents per share
On the other operational % metrics
Revenue Manufacturing R2,184.5m (+7.8%) Steel R450.9m (-12.8%)
Profit Manufacturing R343.7m (+13.6%) Steel R5.8m (-78.1%)
South African generated revenue R1,310.1m (flat year-on-year) and profit -XXXX% to R101.8m
Offshore generated revenue R1,325.5m (+7.2%) and profit +21.9% to R264.9m
#ART rand hedge quotient moved higher year-on-year due to weak domestic steel segment. Offshore profit = XXXX% versus XXXX% FY2024
Another consistent set of results and with the stock trading today at 2750 cents (+5.0%) my standing price target is 2825 cents as revised April 8th when #ARET was trading at 2499 cents
I will update my note and revise my price target next week. I maintain my buy recommendation which I've had since May 2019
XXXXX engagements
