4*
Alfa Financial Software Holdings issued a strong Q4 trading update this morning. As expected, revenue grew strongly to £29m for the quarter, up 21% on last year and up 23% at constant currency. This included continued strong sequential growth in subscription revenues which were up 17% versus Q4 last year, with Q4 Software revenues up 84% versus Q4 last year and services revenues up 7%. The strong final quarter of the year took revenue to £110m in line with market expectations and up 8% on the prior year. Operating profit growth for FY24 was 13% to £34m..from WealthOracle
wealthoracle.co.uk/detailed-result-full/ALFA/1186 |
This should go well today after strong q4 results |
A few big prints today at 204p |
I'm watching but not trading. I'm holding. Last results they were pretty positive |
Any other traders watching this one? |
Nice positive update,the market barely reacts shock horror |
Or another offer |
Results must be good 😊 |
Last update was positive let's hope the news is good been creeping up nicely this last week |
We had a trading update this week last year so expecting the same,I wonder if some news has slipped out the old gal slipping quietly out of port |
Biggest volume in a year today and a nice finish mmm 🤔 |
I see most of these sells are actually buys 🤔 on my watchlist looks a bargain |
Slow decent here after refusing a 208 take over jeez major shareholders must have a plan |
Anyone her |
Anyone still holding here |
Cashed out at 190p. |
There was speculation? Not here!
208p is considerably below what it owes me. (The IPO 6 years ago was at 325p). Management do not say what they think about it but the tone of the rns is rather cold.
What should we do? Cut our losses and sell up, hang on for a better offer or hold out hoping for appreciation over the longer term? |
potential cash offer 208p |
wonder if whoever bought this will mop up any more at this level.
Seems a fair entry point now.supported by share buy backs |
Surprised no comment here today |
The share price enjoying a rally today on no news I can find. Because of exchange rate movements, or the end of a bad run because some analysts have been talking the price down for some reason? |
Why the big drop recently ? |
I think CHP is Andrew Page, the boss still owns 2/3 of the company, not a new investor. The biggest external investor is probably Blackrock at 5%.
Nice announcement today, the performance momentum is encouraging, the most productive month in March ever etc. Not the spectacular growth prospect which pushed this over £4 five years ago, but we might get back there eventually.
The extra 3p special dividend also welcome, small beer but every little helps. Actually I would prefer truly surplus cash directed towards buybacks, the current £18M programme over 18 months is pretty low level and in a couple of years we might regard today's share price as pretty cheap. But then I don't own 2/3 of the company. |
I am confused by the RNS today saying that CHP Software and Consulting Limited have a 66% holding in Alfa with no previous notifiable interest.
Is this a new vehicle for Andrew Page? Is it a takeover? |
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