Alpha Share Discussion Threads

[ihatemms] 24/7/2023 13:03

Suprised we haven’t had the usual July TU by now - we get one every year. Hopefully get one this week.

[datait2] 19/7/2023 18:33

interest rates are to reach 6% this year and then eventually, drop to 3.5% for the long term maybe 5 years min

[sailorsam1] 18/7/2023 08:28

It is still a material income increase and therefore surely should be rns?

[philly cheesesteak] 17/7/2023 13:46

Last October they said the below;

"Whilst this is a positive boost for the Group and a natural by-product of our accounts solution, we are mindful that it is an uncontrollable income stream for the business and, if we return to a low interest rate environment, a potentially transitory one."

9 months on, how likely does a return to a low interest rate environment look?! Even 2% rates would deliver a significant income stream here (£32m based on Q1 figures).

Challenges with how to recognise excess income is an unusual problem for a company to have, almost unheard of for an AIM listing.

[wjccghcc] 16/7/2023 17:24

I'm not sure if they view it as price sensitive as they don't include interest income in EPS forecasts as they view it as non sustainable. I guess we'll see.

[ihatemms] 16/7/2023 15:48

Since that price sensitive information was released after market hours on Friday I believe there must be a TU first thing tomorrow morning (there normally is one every year at this time of year )before the market opens. If that blended interest information is anything to go by it should send the share price VERTICAL. I will try and grab some more stock if I can.

[ihatemms] 14/7/2023 22:15

Just seen the Q2 blended interest income information on the company web-site under governance.Interest income alone this year likely to be circa £75-£80m ( broker forecast £43m). Already £29m in H1 alone .Wowsers!!! Forecasts are going to be absolutely smashed!!!!

[datait2] 26/5/2023 13:20

An interesting fact, alpha has a free cash flow conversion of around 91%, freecash flow is the real meat and potatoes of a business-- not its revenue or its profits-- what cash it makes!!

this is real cash it makes from its total profits ,
BUT in 2023 it is forecast to go to 165%, how is this possible, well a google search explains this--

Ratio > 1: This means you have excess liquidity, either due to clients prepaying invoices or a lack of expenses. It means you have cash that could be used for investment and growth.

[datait2] 26/5/2023 12:56

Do you want a fast fun video to watch that keeps you motivated into not selling, then watch this, this guy makes great investing guides in an easy form, and i also am obsessive in finding 100 bagger stocks.--

[datait2] 26/5/2023 12:40

I use a stock screener and here is what it says about alphas strengths----------

Growth is a substantial asset for the company, as anticipated by dedicated analysts.

Within the next three years, growth is estimated to reach -99% by 2025.

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.

Thanks to a sound financial situation, the firm has significant leeway for investment.

Over the last twelve months, the sales forecast has been frequently revised upwards.

Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

[datait2] 22/5/2023 09:12

remember, this is a stock mostly held by insiders and institutions, so it's their buys or sells that move this stock, not what retail do, perhaps that's why its such a quiet forum.
If any of you guys are registered with LSE , perhaps make some fresh new posts and news. I don't like LSE, but its more popular than ADVFN.

I mean ADVFN even get our market cap, EPS, turnover and profit totally wrong at the top of this page and list us under real estate investment !

[datait2] 22/5/2023 08:14

Alpha got a good write up in the Motley fool on Friday, we usually get a little bounce after these articles for a day or two.



Motley fool state a forward P/E ratio of 30,( which I think is wrong, based on alphas high growth rate) the current ratio is 24, compared to some US stocks, this is low.

PS, remember our free float is only 69% so expect choppy swings up and down on relatively low volume. So watch any stop losses cos the market makers can take you out on low volume trades, as I've seen the spread vary from 0.6% to 4%, and if the 4% is showing it could potentially take you out if a sudden one off sell trade comes in.

PPS the motley fool forgot to mention alpha's new fund finance business

[datait2] 17/5/2023 04:11

20, 30, 40 rule for potential 100 bagger stocks, it must grow revenues at 20% min, return on capital 30% min, and net margin, 40% min, alpha is close to or has been hitting those targets over last 5 years.

[cambridge130] 16/5/2023 19:41

Alpha is the best company on AIM. Within about 12 months it will be moving to the FTSE 250, where it will multi-bag many times over the coming years.

[datait2] 14/5/2023 09:38

Liontrust Uk smaller companies fund, a 68 stock holdings fund,75% in AIM market, has ALPHA as number 1 holding--

Current positioning
Top 10 Holdings (%)
ALPHA GROUP INTERNATIONAL LTD 2.90
YOUGOV 2.59
SMART METERING SYSTEMS PLC 2.26
TATTON ASSET MGMT PLC 2.24
GLOBALDATA PLC 2.22
IMPAX ASSET MANAGEMENT GROUP PLC 2.14
ROBERT WALTERS 2.10
JUDGES SCIENTIFIC PLC 2.04
GRESHAM HOUSE PLC ORD 25P 2.03
F.W. THORPE PUBLIC LIMITED COMPANY 2.03

[martywidget] 14/5/2023 07:18

Institutional investors control 67% of Alpha Group International plc (LON:ALPH) and were rewarded last week after stock increased 4.6%
Thu, May 11, 2023 at 6:54 AM


Top Shareholders

Top 25 shareholders own 81.59% of the company
Ownership Name Shares Current Value Change % Portfolio %

15.75% Morgan Tillbrook 6,823,644 £154.9m 0% no data

11.7% Liontrust Asset Management PLC 5,067,806 £115.0m -0.29% 0.48%

5.28% Jonathan Currie 2,289,538 £52.0m 0% no data

5.03% J.P. Morgan Asset Management, Inc. 2,180,014 £49.5m 0.82% 0.01%

4.88% Jupiter Fund Management Plc 2,115,784 £48.0m -5.55% 0.17%

4.88% Canaccord Genuity Asset Management Limited 2,114,500 £48.0m -16.42% 1.51%

3.89% Canaccord Genuity Wealth (International) Limited 1,683,385 £38.2m -0.76% 0.65%

3.63% Soros Fund Management LLC 1,571,279 £35.7m 2.79% 1.27%

3.61% Equiniti Group Limited, Asset Management Arm 1,562,367 £35.5m -0.02% 1.49%

2.25% Kabouter Management, LLC 974,741 £22.1m -6.97% 2.26%

2.22% Baillie Gifford & Co. 960,447 £21.8m -1.43% 0.01%

2.03% Martin Currie Limited 880,000 £20.0m -2.22% 0.13%

1.93% Fidelity International Ltd 835,028 £19.0m -0.54% 0.01%

1.73% Chelverton Asset Management Limited 750,000 £17.0m 0% 1.16%

1.64% River and Mercantile Asset Management LLP 710,000 £16.1m 0% 0.97%

1.63% Aegon Asset Management UK Plc 707,417 £16.1m -11.58% 0.08%

1.56% Premier Fund Managers Limited 676,550 £15.4m 17.28% 0.2%

1.53% abrdn plc 663,130 £15.1m -2.53% 0.01%

1.46% M&G Investment Management Limited 632,950 £14.4m 0% 0.04%

1.17% BlackRock, Inc. 506,060 £11.5m -2.65% no data

0.91% Joh. Berenberg, Gossler & Co. KG, Asset Management Arm 393,532 £8.9m 0% 0.27%

0.82% Clive Kahn 355,000 £8.1m 0% no data

0.82% Schroder Investment Management Limited 355,000 £8.1m 0% 0.01%

0.68% Phoenix Unit Trust Managers Limited 293,065 £6.7m 0% 0.13%

0.57% Pictet Asset Management Limited 245,107 £5.6m




Major Shareholders

Figures show shareholders (by holding) greater than 1%. Last updated 31/03/2023.
Shareholder (by holding) Percent
Morgan Tillbrook 16.17%
Liontrust Asset Management 11.59%
JP Morgan Asset Management 5.91%
EQi, stockbrokers (EO) 5.49%
Jonathan Currie 5.28%
Jupiter Asset Management 5.37%
Canaccord Genuity Wealth Management (Inst) 4.85%
Canaccord Genuity Wealth Mgt (Retail) 3.66%
Soros Fund Management 3.66%
Martin Currie Investment Management 2.47%
Baillie Gifford 2.41%
Kabouter Management 2.25%
Fidelity International 2.20%
Premier Miton Investments 2.07%
Chelverton Asset Management 1.82%
River & Mercantile Asset Management 1.72%
Dowgate Capital 1.55%
Aegon Asset Management UK 1.54%
M&G Investments 1.40%
abrdn 1.37%
Blackrock 1.26%
Hargreaves Lansdown 1.07%
Interactive Investor (EO) 1.00%

[datait2] 14/5/2023 05:48

HERE is a very recent list of fav held small cap stocks in UK small cap fund managers portfolios--
source----- morning star and investors' chronicle

As you can see ALPHA GROUP INTERNATIONAL is almost at the top, only beaten by gamma communications and 4imprint group

Top Fund Managers' Favourite Small Caps

FUND BEST IDEAS: UK SMALL CAP
08/05/2023 No. Funds

Gamma Communications PLC 7
4imprint Group PLC 6
Alpha Group International PLC 6
OSB Group PLC 5
CVS Group PLC 4
Oxford Instruments PLC 4
GlobalData PLC 3
Next Fifteen Communications Group PLC 3
RWS Holdings PLC 3
Serco Group PLC 3

[datait2] 12/5/2023 08:31

alpha currently has relationships with 800 fund managers and according to recent estimates, the global fund finance market is around $500 billion, whilst the UK market is in the region of £150 billion.

[datait2] 12/5/2023 05:33

I was reading about the fund finance market and came across a recent website, it had many interviews with fund managers-- heres one summary--

“liquidityR21; is likely to continue to be at the forefront of conversations, whether it be for Managers as beneficiaries requiring cash for struggling portfolios and/or for their LP’s with cash tied up for longer in a benign divestment environment, or for the benefactors, with lenders, many of whom are scaling back balance sheets and becoming more selective with capital deployment as provisions start to ramp up and sector limits are hit. One thing is for certain, the Fund Finance industry has seen and will continue to see more growth and innovation than any other asset class.

Interesting that alpha have got into this new lucrative market now.

[datait2] 11/5/2023 13:43

A secret I learned why many novice investors lose in AIM markets, it isnt so much the dilution from lose making jam morro companies, which destroys shareholder value ( which alpha doesnt have to worry about as it has £millions in cash)Its the fact if a stock is mostly owned by retail, they see aim stocks as income, not as compounding machines, eg they put £1000 into a stock, it jumps on some hyped news, newbies excited buy in, goes up 20% for one day only, they sell up, take their £200 profit less tax and commissions and a 10% spread) and spent it down the pub or in Tesco.
However, when a stock like alpha where 77% owned by institutes, 20% insiders and only 3% retail, it means the institutes and insiders are compounding their holdings, if institutes ever sell, its cos they have gone over their funds threshold rules, eg 5% or 10% of their portfolios holdings, not cos their spending their £5 million profit at the pub.

[datait2] 11/5/2023 13:21

one thing i find funny on chatrooms, especially LSE, when someone posts a micro miner " 500,000 got bought" shame they fail to say its a penny a share lol. When alpha gets 500,000 a trade its in £££££'s !!!
Ps any thoughts on the recent RNS and the new part of their business they developed, connecting funds to capital providers for private capital , a full suite from start to finish for them.
Plus BOE raised interest again today, thats even more interest income for alpha on the money they hold overnight from clients.

[datait2] 11/5/2023 13:12

amazing that the aim market, which alpha will be leaving within say 8 months, is full of chat about useless micro miners etc, with no earnings negative free cash flow. and here alpha with a 76% gross margin, 38% net margin, growth rates of 30%, £100 million in cash, no debt, ROE around 30% ROA around 18%, P/E ratio only around 27 and it never gets any chat, directors holding 20% of the stock and aligned with their shareholders.
I read the full AGM report 77 pages worth, worth a read!!!! It sure beats micro loss making miners with "its going to the moon"

BUT, look at the trades, alpha is now getting single trades of £2 million plus , thats institutes.
maybe the less chat the better, we dont want the pump n dump penny stock pushers to invade here.

[mysteronz] 08/5/2023 15:02

Not a question, but it would be great if they did a capital markets day. A 5 year strategy to show the future direction of the company - there are so many avenues for growth, Alpha pay regulatory license in US and Singapore would be great

Very bullish holder.

[sdmbot] 05/5/2023 10:53

Thinking about going to the AGM on the 17th, does anyone want any questions asked if I get the opportunity?