Alpha Financial Markets ... Share Discussion Threads

[mammyoko] 21/6/2024 15:15

This feels like one to hold onto in case another PE house turns up to spoil Bridgepoint's party. Very little risk of the bid disappearing and the bid in the market is firm at 496 for the moment. Probably nothing will happen but leaving it for a week or so feels like reasonable risk/reward from here.

[74tom] 19/6/2024 18:32

550p would equate to a forward PE of 25 for a business with forecast EPS growth of 8%, paying a PEG of over 3 seems excessive for a business with low 30's gross margins.

So tomorrow is do or die for Bridgepoint then, I find the situation pretty unusual - definitely think the sky leaks are a tactic to flush out interested parties / force them over the line.

[mammyoko] 19/6/2024 12:03

Will Cinven go head to head with Bridgepoint? Are they waiting to see the outcome of Bridgepoint's DD or did they back out when they discovered Bridgepoint's indicative offer.If the former, perhaps they will now show their hand?

New Mountain also said to be interested in an offer by Sky - and who am I to question such well-informed a source?

Other interested parties may, of course, appear or Bridgepoint may have the park to themselves. 505p is reasonable but not, I would say, generous. Perhaps some room for a competing bid up to 550p?

[hastings] 19/6/2024 11:04

Not the way to find out! But, pleased to have held on

[74tom] 19/6/2024 11:00

It's just bizarre, why are Sky news playing intermediary here? Not that I'm complaining as I've benefitted from both leaks, but surely if bridgepoint are going to seal the deal they would just announce it themselves?

[mammyoko] 19/6/2024 10:57

Poor sucker who sold those chunks at 380 and 370 and ten minutes later others in the know buying at 70p higher. Very leaky ship and some quasi-fraudulent trading from the price action.

I bought yesterday at 380 thinking that the risk/reward looked good. I was offered 20,000 shares at 379 this morning when the advertised bid was 380 and I couldn't even sell 500 shares at the quoted bid price. Sadly, I didn't take them.

I can see Cinven coming back here. Possibly bid up to 550? I'm holding tight

[mighunter] 19/6/2024 10:31

hTTps://news.sky.com/story/bridgepoint-nears-550m-takeover-of-consultancy-alpha-fmc-13155370

[mammyoko] 19/6/2024 10:30

Weird price manipulation going on here. Someone in the know

[mammyoko] 19/6/2024 10:26

Looks like Bridgepoint not going to bid. Some desperate sellers of chunks at significantly below the quoted bid price and I can buy in size at 379 when the quoted bid is 380! Can't even sell 500 at the bid price!

This is a very leaky ship and looks like someone knows that the bid isn't going through.

Should drop back to 330-335 and then share price will depend more on tomorrow's results Perhaps the outlook is less than scintillating which our seller may also know?

[burbelly] 23/5/2024 16:10

Still seems to be some interest here

[shauney2] 22/5/2024 14:03

Cinven are out.Lets see what Bridge point do.

[hastings] 01/5/2024 12:14

Be interesting to see where this could go with two parties involved. Sitting tight!

[74tom] 01/5/2024 09:56

Another good company which has been shorted by hedgies leading it vulnerable to a bid. There were 1.44% of shares held short as of last nights close, so ~1.5m to buy back. As there looks to be multiple bids you'd assume it'll need to be over the £5 reached in 2023 to stand a chance?

[mighunter] 01/5/2024 09:32

Cinven, Bridgepoint and New Mountain Capital circling according to Sky News and Mark Kleinman

[mrscruff] 07/4/2024 16:46

I have to admit I tactually sold recently. The mention of the slow down combined with the technicals was all too bearish for me. I fully understand how extremely cheap this high quality company is, but until the technicals improve I won't be buying back in. Instead I saw better prospects in other "Alpha".

[hastings] 05/4/2024 09:05

Now trading on a PE of 11 for the new financial year and plenty of net cash on the balance sheet too.

[mrscruff] 30/3/2024 09:44

I presume with no forum posing many have jumped ship given the slightest slowdown. Back just before 2025?

[hastings] 19/10/2023 07:02

Good to see them doing the Investor Meet.

[hastings] 10/10/2023 06:41

In line update this morning welcome and on a very decent yield after the recent retrace.

[hastings] 12/7/2023 17:01

Write up for interest. https://martinflitton1.wixsite.com/privatepunter/post/sticking-with-afm-12-07-23

[shauney2] 27/6/2023 15:14

Berenberg new target 580p from 530phttps://citywire.com/wealth-manager/news/stock-talk-alpha-financial-can-double-in-size/a2420082

[hastings] 25/6/2023 10:30

Why jump ship!I see Investec has upped TP to £6.72p and sees its unchanged forecasts as conservative. Normalised pre-tax profit to move from £44m to £46.3m. Net cash of plus £50m, PE of 15. Div also anticipated to move to 15.6p for full year 2024.

[encarter] 24/6/2023 13:40

Me too. BlackRock possibly jumping ship.

[mngf] 22/6/2023 08:37

See this drifting down for a while now with negative comments