Share Name Share Symbol Market Type Share ISIN Share Description
Afh Financial LSE:AFHP London Ordinary Share GB00B4W5WQ08 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 405.00p 400.00p 410.00p 405.00p 405.00p 405.00p 36,086 07:38:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.6 3.5 11.2 36.1 153.61

Afh Financial Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
21/9/2018
13:09
Less than a month ago Liberum updated their forecasts for Assets under Management to £3.5bn for current yr to Oct 2018 and £3.9bn for Oct 2019. This week AFH announced Assets under Mgmt are already above £4bn. Stand by for more broker upgrades methinks...
maiken
20/9/2018
14:35
Thanks QuqPassa, you're right that peer comparison data is useful Another firm to follow is Succession. Though not listed, they are doing similar deals to AFH, and they can show you comparisons of assets, advisers, multiples etc.
davydoo
20/9/2018
10:42
Thanks for useful replies. Good to exchange information. Edison Research have just produced a Research Note on Lighthouse Group dated 10/9/18. Edison used to cover AFH but stopped for some reason. However , for me, the most fascinating piece of this excellent research note by Edison is all the peer-group comparisons and sector valuations as well as share price performances for other companies. Well worth perusing closely on-line or by download pdf. All free:- hXXps://www.edisoninvestmentresearch.com/research/report/lighthouse-group517244/preview/ If Edison are right, AFH's forecast p/e ratio for 18/19 falls from a current 21x to a lowly 14.7x making it look very cheap in my view compared to the sector. This would seem to me to corroborate Liberum's frequently repeated Target Price on AFH of 507p. ALL IMO. DYOR. QP
quepassa
20/9/2018
09:53
agree the whole sector is being lifted, but when it comes to numbers of advisers, or AUM they're harder to compare, as an adviser myself there's huge variance in the quality they're buying. Or maybe I'm just precious and its bums and pounds that matter. Done right, and if referrals are still flowing, the ex Price Bailey business could be great.
davydoo
20/9/2018
09:49
QP i agree i believe LGT is too big a fish for AFH at the moment. they're current strategy of acquisition is paying dividends and with FUM growing organically at 30 mill a month. interesting news release though so close to the trading statement. hopefully they will revise the 3 year plan. IMO
jrr1
20/9/2018
09:16
yes. agree. the story is in the growth and hopefully they look as if they may have turned the corner. Tavi have a recent forecast p/e for next year of just 10x by a highly regarded independent research firm, giving it by far the lowest forecast p/e ratio in the broad sector. Of course, not in the same size league as highly regarded AFH but the sector is growing fast and a rising tide lifts all boats. ALL IMO> DYOR. QP
quepassa
20/9/2018
08:59
Thanks for bringing TAVI to my attention. Shocking profit margins considering how much income is market related, but the valuation is low, and the potential for future profit substanital
davydoo
20/9/2018
08:35
jrr1 What is your view please, since you ask the question?
quepassa
19/9/2018
15:51
Very much doubt it in my opinion. And market cap of Lighthouse has now surged by 100% this year to a mkt cap of some £42m with an expensive p/e. AFH seem to me to be doing a great job on their own by closely following their sector consolidator strategy and rapaciously gobbling up pacman-style small IFA firms. Today's great RNS is a testament to how well this strategy is working. If they wanted to hit their £5bn AUM target even faster , AFH could perhaps run their slide-rule over someone like Tavistock Investments with a small £17m market cap and £800m AUM with a forward p/e which is forecast to fall to a mere 10x next year from a current 40x, making Tavi look cheap in my opinion. AFH is nowadays 4 x bigger than Lighthouse as judged by market cap . And AFH are fast catching up on stalwart Mattioli Woods with a £225 mkt cap and not far behind Charles Stanley at £188m makt cap. AFH overtook Harwood Wealth this year whose mkt remains at c £100m. What is your view please, since you ask the question? ALL IMO> DYOR. QP
quepassa
19/9/2018
15:03
do you think they will go back in for LGT
jrr1
19/9/2018
09:25
This morning - and for the FIFTH time in just a month- Liberum issue a broker note and AGAIN REITERATE their BUY RECOMMENDATION with an unchanged TARGET PRICE of 507p. Liberum see a MASSIVE c.25% UPSIDE to the current AFH share price. ALL IMO. DYOR. QP ps: FWIW, I see a much higher upside for the patient investor - and more so since the release of today's RNS showing that AFH's AUM growth is significantly ahead of plan.
quepassa
19/9/2018
08:11
i agree looks like its going to hit all targets earlier than planned.
jrr1
19/9/2018
08:04
Great RNS. AUM - Assets under Management now in excess of a staggering £4bn. That is EXCELLENT NEWS for reliable income through management fees. But equally if not more important are the following words in the statement: "and remain confident that we will exceed our target funds under management earlier than originally planned." The target was £5bn by 2021. Looks like that target will perhaps be smashed much sooner judging by the current growth rate. "Earlier than planned" should feed through to a growing revenues and hopefully growing profits. AFH is certainly firing on all cylinders. ALL IMO. DYOR. QP
quepassa
15/9/2018
12:25
All I can say is a very BIG THANK YOU to Jeff Bezos, the wealthiest man in the world whose shares I bought 5 years ago at $300 which are now $2,000. Wish I'd got in even earlier at Amazon at $20 in year 2000 - now that would be a nice 100 x ride. A $10,000 investment would now be worth $1million. If I can hitch a ride on the coat-tails of management getting rich, I am very happy to do so. I want them to be highly incentivised, well paid and to be successful and to grow rich by running a highly profitable and expanding business. Their real wealth comes with share price growth not with salary growth. That's good for shareholders. I like AFH a great deal and believe they will continue to expand and flourish and become the sector champion in their chosen field. I am a strong holder of AFH. But maybe sector minnow Tavi has got something going for it now as well. Good Luck ALL. ALL IMO. DYOR. QP
quepassa
15/9/2018
12:00
Most listed companies these days exist to enrich the management. Just sayin'.
dexdringle
15/9/2018
11:55
You say that but in fact Tavi's assets under management have SURGED by a whopping 44% this year from £603m to £866m between 2017 to 2018. That's real growth is it not? Not just salary growth. By the same token:- 1. Tavi's revenue has grown from £19.5m to £28.8million in the same period which is plus +48% and 2. Their EBITDA is up to £734,000 from £384,000 being plus a staggering +91% Rather than saying they want to increase salaries, they have repeatedly said that they plan to start paying a maiden dividend next year to shareholders. I like to hear other posters' views and to learn from them but can you please elucidate on what evidence you base your statement that Tavi's growth will " will mean mainly salary growth and share option growth" because I can find no evidence to support that statement. Thank you. ALL IMO. DYOR. QP
quepassa
15/9/2018
10:28
In the case of TAVI "But it has growth plans"... will mean mainly salary growth and share option growth. Management matters, and everyone has to form their own view.
briangeeee
14/9/2018
10:25
I have now started buying another sector company called Tavistock Investments. Tavi is a minnow but its Assets Under management have soared this year to £800m and Tavi declared its maiden pre-tax profits in June this year. Tiny market cap of £17million. If you thought AFH was off the radar, Tavistock even more so. But it has growth plans. I have posted this morning on the Tavistock Investments advfn bulletin board (ticker TAVI). No recommendation intended. ALL IMO. DYOR. QP
quepassa
08/9/2018
13:04
Would there be any advantage for this share to move from AIM to the main board? It would mean that many more funds could invest.
woolybanana
05/9/2018
08:43
YET AGAIN. This morning 5th. September, Liberum for the third time in a week issue a broker note and yet again REITERATE their BUY RECOMMENDATION with their recently INCREASED TARGET PRICE of 507p. Good to see AFH surge through the psychologically important 400p hurdle this morning. ALL IMO. DYOR. QP
quepassa
05/9/2018
07:07
Yet another acquisition for AFH announced today. The thirteenth so far this year. Funded from cash reserves. The AFH expansion strategy continues unabated. ALL IMO. DYOR. QP
quepassa
04/9/2018
14:07
Not a lot of shares to buy today. I had to work the button quite hard to get a few more. Looks like all buys too on HL.
woolybanana
04/9/2018
12:09
Three deals. Two weeks. One enormous growth story Assets under Management now a hefty £3.8billion and growing fast. Good write-up in Professional Adviser:- hXXps://www.professionaladviser.com/professional-adviser/news/3061968/afh-buys-devon-based-lyn-financial-services-for-up-to-gbp42m ALL IMO. DYOR. QP
quepassa
03/9/2018
11:08
Some good volume today.
chester
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