Alpha Share Discussion Threads

[ali47fish] 29/1/2024 07:26

is this buybak good for investors- company doesn't say why it is doing it

[bulltradept] 29/1/2024 07:26

Oh dear we now know why the price has been declining that RNS, ain't great for the short term.

[bulltradept] 26/1/2024 12:54

Big volume today.

[bulltradept] 26/1/2024 12:26

Yes. OK. I suppose given BOO, PLUS & ASC did well on AIM, I'd have thought it might be a waste of mgt time but still.

[wjccghcc] 26/1/2024 12:18

Given their global expansion, they want the increased international reputation that comes from a premium listing.

[bulltradept] 26/1/2024 10:00

Ah ! Thank you. However is the market cap big enough for that @ £663 m. I'll have to check.

Plus, what benefit is this to the company?

[ali47fish] 26/1/2024 09:51

sorry yes premium- generally most shares will move to 250 footsie

[wjccghcc] 26/1/2024 09:41

I think they mean premium rather than aremium.

[wjccghcc] 26/1/2024 09:40

That's possible. They're moving from AIM to fully listed this year. That means a lot of IHT exempt portfolios will be selling but the funds who only buy fully listed companies can't yet buy them until the listing changes.

[bulltradept] 26/1/2024 09:36

What index is that please?

[ali47fish] 26/1/2024 08:55

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

[mysteronz] 25/1/2024 18:12

Put my money where my additional conviction is and topped up this afternoon. Can’t see this going down from here, let the operational scaling, move to the main market and interest income flow……!

[ali47fish] 22/1/2024 09:35

yes cheap but is it a good time to add or wait for a lower price

[sailorsam1] 18/1/2024 20:48

Agree. This is so cheap either way

[mysteronz] 18/1/2024 18:19

I think you could say half of the interest income is sustainable @ 2%. Then the current revenue as a low floor and the valuation is amazingly compelling.

Knock off net cash to the market cap and its extremely cheap.

Irony is lower interest rates will increase organic revenue so the low floor is really a low floor and a lower interest rate will encourage more alternative banking accounts and the interest income even at 2% will organically grow.

Add to that the expand worldwide & fund of funds, cobase etc etc and operating leverage now coming to the fore…. You get the picture.

[wjccghcc] 18/1/2024 09:44

Looks like a miss on the underlying compensated for by higher interest income. Natural hedging working well but makes it hard to value.

[sailorsam1] 18/1/2024 07:45

Revenue £110Profit £115

[mysteronz] 18/1/2024 07:37

Great stuff, a challenging environment but not really a big deal when you get that level of interest income as near pure profit :)

[sailorsam1] 18/1/2024 07:33

Revenue up 12% to GBP110m (FY 2022: GBP98.3m) - Profit before tax up over 140% to c. GBP115m (FY 2022: GBP47.2m) - Underlying profit before tax grew 10% to c. GBP42m (FY 2022: GBP38.6m) - Consistent underlying profit margins of 39% (FY 2022: 39%) - Other operating income from interest on client balances of over GBP73m (FY 2022: GBP9.3m) - Very strong balance sheet, cash and liquidity position with adjusted net cash increasing by over GBP60m to over GBP177m - Alternative Banking Q4 2023 client balances increased by 31% against the same quarter last year, at GBP2.1bn (Q4 2022: GBP1.6bn)

[mrscruff] 20/12/2023 22:09

Not related to news I posted. Could be shorts closing after a JPMorgan trust had to reduce as it grew too overweight.

[sailorsam1] 20/12/2023 20:06

Not sure but interesting rise

[mrscruff] 20/12/2023 19:26

News from Hunt today that The Treasury on Wednesday announced a new financial services agreement that will reduce costs for UK businesses accessing the Swiss market and vice versa. Relevant?

[mrscruff] 09/12/2023 23:19

Agree. And a fall was expected but this is overdone and there has been a sufficient period of time for net sellers to be out so I have bough in on Friday. Tim shares was sold at £19.00 per placing share and we are languishing at £16.65. That is some discount I got. The cash generation and balance sheet is strong and as the markets gets more bullish on falling inflation and rate cutting this has a very good chance of performing in 2024. Looking forward to the main market listing.

[sailorsam1] 01/11/2023 19:53

52 week low. Strange given huge pbt inbound and great cash generation

[bazzerp] 26/10/2023 17:54

Not just you. YES they are - two wars & Madman Putin on the loose.