Alpha Financial Markets ... Share Discussion Threads

[pete123456] 24/6/2020 07:57

good set of results today

[gsbmba99] 05/6/2019 08:59

I didn't think it was possible to only be "in line" given their 1H results but they had a very poor 2H19. 2H rev (£37m) declined vs 2H18 (£37.3m) on vastly higher consultant count and declined by 4-5% vs 1H19 (£39m). I'm not sure how they managed to maintain margins. Perhaps a lot of the "consultants" are contractors. Let's hope their UK clients were all preoccupied with moving parts of their operations to EU locations in 2H19 and that they can reaccelerate growth going forward.

[rampmeister] 06/5/2019 11:52

Just reading current IC where they are reviewing the top 100 AIM shares by market cap. In at no. 82 AFM. The following snippet makes good reading for holders (I am not a holder):- Although the US and Asia are considered the areas for future opportunity, a 34.5% revenue increase in the UK, the “most mature” region, at the half year stage demonstrates the growth potential across operating regions. Recommendation is Buy. RM

[gucci] 04/1/2019 11:10

Next leg up

[battlebus2] 21/11/2018 23:15

Thought the results were excellent and credit to them for the detail and the way they separated the FX.

[typo56] 21/11/2018 10:45

There are a lot of numbers to digest but on initial scan the results look fine. I think they should provide more than sufficient support for the current share price, but then this is an AIM company where you have to treat everything with a degree of caution! Being an AIM company they are also exposed to being ramped...or deramped. I've mentioned before the Glassdoor reviews. The employee reviews and rating are about the best I've seen for any company. The comments give you an insight of what it's like to work there. I've noticed there seems to be a good correlation between Glassdoor rating and share price performance. You might need to register to view this (I have no affiliation with Glassdoor!):- hTTps://www.glassdoor.co.uk/Reviews/Alpha-Financial-Markets-Consulting-Reviews-E768146.htm

[gsbmba99] 21/11/2018 09:40

Outlook statement contains a small upgrade: "... and anticipate revenues to deliver Group performance slightly ahead of Board expectations." It still seems like the company growing faster than market forecasts would indicate. 1H19 revenue of £39m leaves £34.4m to do in 2H to get to the £73.4m forecast (before any changes as a result of "slightly ahead"). They did £37.3m in 2H18 last year and they now enter 2H with 28% more people than they had last year. Things look good if they can continue to keep their people busy on paid projects.

[5chipper] 21/11/2018 09:12

Results seem weighted to second half as per last year as I presume companies are more streamlined during summer months and less likely to focus on infrastructure or compliance projects. Given a good second half then I calculate a p/ev of 10-12. Seems like good value and very tempted to try and top up

[mad foetus] 21/11/2018 07:58

Results look good, let's see what the next few weeks bring.

[typo56] 06/11/2018 16:24

Jupiter back to holding 5%. They probably only dipped just below a couple of weeks ago.

[gucci] 06/11/2018 15:14

have to do a fill/kill even for the smallest buy increase in holding RNS today

[gucci] 06/11/2018 15:00

topped up too

[mad foetus] 06/11/2018 14:52

Yes, I have topped up, looks in bargain territory

[typo56] 05/11/2018 11:01

Probably be a bit of interest towards results on 21st Nov.

[5chipper] 05/11/2018 10:39

Bought back in this morning but was not easy to buy

[typo56] 26/10/2018 12:09

Jupiter have sold.

[nurdin] 25/10/2018 18:48

cheers Typo.

[typo56] 25/10/2018 17:00

"General market malaise" mostly, with a dislike for high P/E and AIM. More recently AIM stocks have been also falling because of what Hammond may do with tax breaks and/or stamp duty and/or disallow in ISAs.

[nurdin] 25/10/2018 16:26

I had taken my eyes off these.Somewhat surprised to see how far they have fallen..just the general market malaise or have I missed something? You still holding modform?

[modform] 11/10/2018 20:00

Yes gsbmba, Just surprised that the company only mentions revenue and adjusted EBITA and not profit

[gsbmba99] 11/10/2018 17:51

Can't quite reconcile consultant headcount. Annc says +28% to 350 in 12 months to 30 Sep 18. Would imply 273 at 30 Sep 17 but interim results presentation from last year says 286 (and would imply +22%). "Consultant utilisation levels are broadly in-line with the comparable prior year first half period." Should mean revenue scaled with number of consultants. Assuming no skew to consultant hiring, suggests about £35.0-36.7m (using £28.7m for 1H18 and +22% or +28%) 1H19 revenue as compared to £74.2m full year forecast (and £37.3m of 2H18 revenue).

[modform] 11/10/2018 07:56

Great update, so 5% initial rise continued by sell off