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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alpha Group International Plc | ALPH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 10.00 | 0.49% | 2,060.00 | 15:43:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,045.00 | 2,045.00 | 2,085.00 | 2,060.00 | 2,050.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/09/2023 | Interim | GBP | 0.037 | 21/09/2023 | 22/09/2023 | 20/10/2023 |
| 22/03/2023 | Final | GBP | 0.11 | 13/04/2023 | 14/04/2023 | 19/05/2023 |
| 05/09/2022 | Interim | GBP | 0.034 | 08/09/2022 | 09/09/2022 | 07/10/2022 |
| 16/03/2022 | Final | GBP | 0.08 | 14/04/2022 | 19/04/2022 | 13/05/2022 |
| 01/09/2021 | Interim | GBP | 0.03 | 09/09/2021 | 10/09/2021 | 08/10/2021 |
| 17/03/2021 | Final | GBP | 0.08 | 15/04/2021 | 16/04/2021 | 14/05/2021 |
| 04/09/2019 | Interim | GBP | 0.022 | 12/09/2019 | 13/09/2019 | 11/10/2019 |
| Top Posts |
|---|
Posted at 31/3/2024 10:38 by mrscruff AllyFish no need to be sorry as this view is backed up by years of theory by John Bogle and the rise of passive investing and EMH. To outperform an index is rare and we have to look deeper from the bottom up and top down yet take on risk. There are more knowledgeable posters than me here on the bottom up analysis, I am more experienced and have data on top down macro and also behavioural science. I also look out for what fund managers have been selling and does it tally with the data as that data can and has changed since the selling stopped. I think ALPH was sold down to front run more aggressive rate cuts that are now expected to result in a new normal rate of interest. ALPH is uniquely positioned to benefit from this new narrative alongside the main market one. |
Posted at 25/3/2024 09:36 by maddox Thanks Mr scruff. Whilst it's highly commendable that ALPH Mgt wish to be measured by underlying performance - this presentation of the figures significantly distorts reality. At period end 23% of the Mkt Cap was accounted for by cash, and on a cash basis ALPH are on a p/e of 9.ALPH basic eps 206.2p was x3 the Brokers consensus forecast for FY23 (68p)! So looking to the Brokers consensus eps forecast FY24 of 78p and FY25 90p suggesting that we're currently trading on a forward p/e of 23 for FY24 whereas, my estimates put ALPH on a forward p/e of 8.5. There is thus huge value hidden in ALPH - the figures are there do the math! Regards Maddox |
Posted at 22/3/2024 00:12 by maddox It's like ALPH are embarrassed by the interest they are earning, the Profit before tax at £115.9m is greater than their reported revenue £110.4m?!?So you could present these results.... ALPH's business model provides a natural hedge such that when the economic environment dampens fee income, higher interest rates drive interest income; boosting profits and cash generation. Group total income rose 73% with FX Risk Management revenue up 10% to £76.3m, Alternative Banking up 18% to £33.9m but primarily driven by Interest Income up 685% to £73m. Accordingly, reported Profit before tax increased 148% to £115.9m and Basic EPS was up 124% to 206.2p. Net cash increased by £64m up 56% to £178.8m (2022: £114.4m). Whilst this windfall will clearly reduce with the interest rate cycle it will have generated significant cash to enhance the business. Also, it is unlikely that we'll see a return to super-low interest rates and with cash balances growing along with client numbers - it'll continue to be a significant part of the income mix going forward. So, IMHO having a highly resilient business model that can see you comfortably through a down-turn is a very attractive characteristic. |
Posted at 20/3/2024 16:22 by kalai1 Alpha Group International plc posted FY 23 results this morning. Group revenue increased 12% to £110.4m with FX Risk Management revenue up 10% to £76.3m while Alternative Banking revenue was up 18% to £33.9m. Interest on client balances grew to over £73m from £9.3m due to the higher interest rate environment. Underlying profit before tax grew 11% to £43.0m while reported Profit before tax increased 148% to £115.9m accordingly. Reported basic EPS was up 124% to 206.2p. A Final dividend of 12.3 pence per share was proposed making the total final dividend for FY23 16p. A SBB of up to £20m was also initiated in January. The balance sheet remains very strong, debt free with adjusted net cash increasing by £64m to £178.8m. Valuation remains unhelpful with forward PE at 23.6x and PS ratio at 6.55x bottom and 3rd quartile respectively. Share price also lacks positive momentum and is in its 3rd consecutive year of sideways range trading. That being said the share is low in range and moving up on today’s release, and it could generate some short-term upside even while remaining range bound. The share is also well worth knowing about for the longer run. BUY.......from WealthOracle |
Posted at 04/3/2024 15:26 by mrscruff Is it time to buy ALPH? We all know this one of the brightest prospects in the UK market and this makes it an ideal share for those to take their profit too! They did well. Well done. It can take a while for these sellers to clear. Then we can move on upwards. |
Posted at 26/1/2024 08:55 by ali47fish well i am surprised on lse a poster is saying the falls/volatility is because alph is moving to aremium index- anyone knowledgeable can comment |
Posted at 23/10/2023 08:08 by ihatemms Has everybody received their dividend yet - was due on 20/10? Don’t appear to have received anything from Interactive Investor yet.Update - got credited after a phone -call - not impressed. |
Posted at 15/10/2023 16:39 by mrscruff ALPH won't go up and in a straight line as is the nature of interest rates right now, but if we expect higher rates for longer then over the long run this is one of these few UK companies that has the growth of US companies.ALPH is down as people suspect the peek in rates. Worth adding for the higher for longer scenario that is likely for the next 5 years. Cash and M&A to come. |
Posted at 13/9/2023 13:05 by kalai1 Alpha Group International plc posted unaudited Interims for the HY ended 30th June this morning. Group revenue increased by 20% to £55m, underlying profit before tax was up 9% to £19.6m and on a statutory basis increased 194% to £52.4m. Basic earnings per share was up 163% to 87.8p. The balance sheet remains strong with adjusted net cash increasing 25% in six months to over £142m. Valuation remains something of a headwind with forward PE ratio a 26.1x bottom quartile for the IB&IS sector, the share price also lacks momentum and continues to drift sideways in a 2-year range. The business is solid, profitable and has longer run growth potential, but ALPH remains a share to monitor for the time being......from WealthOracle |
Posted at 04/8/2023 11:36 by datait2 never liked alpha given out any dividends, its a small cap growth stock, all earnings should be put back into the business, growing it, making full use on ROI.alpha did state in the last earning report in May, that this money from interest would be used on say marketing their new products or opening new offices. it is weird how the americans frown upon stocks giving out divs when they are in growth mode, but uk investors love them. the amount of cash alpha has an will have in the future must be exploited into every expansion opportunity imo. berkshire hathaway has never gave out a dividend, neither has tesla, google etc. maybe large old banks in the usa do, but they have stopped growing. Just waiting for the market to reprice alpha upwards. the institutes must realise the huge freecash flow alpha is creating. I think us retail investors have already figured that out. |
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