Afh Financial Share Discussion Threads

[saucepan] 09/1/2020 11:31

Next up-leg getting going?

[davebowler] 23/12/2019 14:06

hTTps://citywire.co.uk/new-model-adviser/news/private-equity-giant-swoops-on-harwood-in-91m-deal/a1308042?re=70591&ea=252901&utm_source=BulkEmail_NMA_Daily_Summary&utm_medium=BulkEmail_NMA_Daily_Summary&utm_campaign=BulkEmail_NMA_Daily_Summary

[leona306a] 20/12/2019 13:26

Liberums may not be far wrong.My estimations are as followsWith estimated year earnings of 28.9And given an average p/e of 15.5This would equate to a price of 450+These are historic values with a lot of research and won't be far wrong.You will see

[rivaldo] 20/12/2019 08:57

Welcome Saucepan. Good to see the bounce continuing nicely - still a long way to go to Liberum's 484p target price.

[saucepan] 17/12/2019 11:43

Hi folks

I took a position today. Thanks for the helpful discussion here. I agree, the valuation looks compelling for a stock that is trending beautifully with regard to headline figures of turnover, profit and eps; with no debt; and paying a dividend.

[rivaldo] 16/12/2019 15:13

Indeed. Even now the current year P/E is still only 10.3.

[bramcych] 16/12/2019 10:08

This is only the start with such an undervaluation!

[buffetteer] 16/12/2019 09:48

Indeed woefully undervalued

[jrr1] 16/12/2019 09:26

yes hopefully

Still undervalued to its peers...

[rivaldo] 13/12/2019 15:18

Nice post-election bounce. With the markets now more confident it's hopefully back to 400p+ here.

[rivaldo] 25/11/2019 13:32

It's worth noting the still very low valuation here given the forecasts, which are:

this year to 31/10/20 : 32.7p EPS, 10p dividend
next year to 31/10/21 : 36.6p EPS, 11p dividend

[rivaldo] 21/11/2019 11:24

Buying at 319.3p now.

[eentweedrie] 20/11/2019 12:06

nice - up over 10% again now

[finkie] 20/11/2019 09:53

375p target which i think will now be hit fairly quickly.

[quepassa] 20/11/2019 08:33

Good to see AFHP squarely back through the 300p barrier after the summer institutional sell-off.

Looks like the big sellers of Polar and Merian have now been cleared with other top-rated institutions buying large blocks of shares. Encouraging also to see growth-company specialist , Slater Investments adding further to what was already a big stake.

ALL IMO. DYOR.
QP

[rivaldo] 19/11/2019 08:59

Buying coming in at almost 302p. Looking good chart-wise in breaking above prior peaks - perhaps back up to 360p soon if this continues.

[rivaldo] 18/11/2019 15:42

Maybe not if anyone selling is below 3% to start with.

There are many reasons why an institution might sell. But there's only one reason why they buy, so it's good to see Slater and Jupiter increasing.

[jrr1] 18/11/2019 14:25

yes my thoughts exactly, that much activity would reflect in the share price.
I would say we will see a few more holding RNS's

[dexdringle] 18/11/2019 14:05

With such an illiquid share, how can such significant activity not be having any real impact on the share price ?

Is this still institutions shuffling blocks of shares between one another with a net neutral resulting position ?

[rivaldo] 18/11/2019 12:39

...and Jupiter Asset Management have also just turned up with over 5%, or 2.18m shares:

[rivaldo] 18/11/2019 10:16

Yep, great to see Slater increasing to 10.65% and 4.55m shares:

[soundbuy] 18/11/2019 09:55

Slater adding........good company

[ronwilkes123] 15/11/2019 12:23

10% crew moving on #sighBig money in the holding imho

[cheshire man] 15/11/2019 11:40

Blimey :-)

[rivaldo] 15/11/2019 11:37

Extract:

"Companies November 11 2019
AFH boss 'frustrated' at valuation drop"

"According to broker Liberum AFH is currently "significantly undervalued" and trading at a historically low rating of 8.2x the price to earnings ratio, despite showing strong organic growth.

Liberum said this was partly due to investor concerns around cash conversion, which it said had now improved, and predicted a re-rating to 14.5x was "likely".

Mr Hudson said: "Given the strong performance over the year it has been frustrating that the valuation multiple of the group has fallen significantly below that of the sector average in spite of our continued growth and increased shareholder return.

"We continue to focus on delivering shareholder value through the profitable growth of the business."

Funds under management at the wealth manager hit £6bn this year, up from £4.4bn in October 2018, of which its acquisition spree contributed £1bn in assets."