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AFX Alpha Fx Group Plc

0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Alpha Fx Group Plc AFX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1,920.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
1,920.00 1,920.00
more quote information »

Alpha Fx AFX Dividends History

No dividends issued between 24 Apr 2014 and 24 Apr 2024

Top Dividend Posts

Top Posts
Posted at 21/10/2022 13:21 by kalai1
Alpha FX Group plc issued a trading update for the year ending December 2022. Revenue continues to grow strongly in line with recent upgraded expectations, with consistent month-on-month growth against the prior year. Profit is expected to be materially ahead of expectations as a result of the interest rate environment generating additional income from Alternative Banking's overnight cash balances. This additional interest income is expected to contribute circa £6m. The top-line continues to grow robustly, the bottom-line continues to grow robustly, guidance has been raised, the balance sheet remains strong. Valuation is the main cloud with forward PE ratio at 27.5x comfortably bottom decile for the IB&IS sector. Share price has been consolidating for the past 12 months, but is not really correcting yet. Multiples are coming down, but not very quickly. AFX is well worth monitoring for the longer run, it may still be a little soon to buy given macro headwinds to markets...

...from WealthOracle

Posted at 05/9/2022 13:33 by km18
Alpha FX Group posted Interims for the 6 months to June 30th 2022 this morning. Group H1 revenue was up 35% to £46.1m, reported H1 profit before tax was up 16% to £17.8m, basic EPS was up 21% to 33.3p. Management expect to comfortably meet expectations on revenue and profit for FY22, “comfortably” suggests scope for a modest positive surprise. The Group is continuing on its path of robust and profitable growth. Main blot on the investment horizon remains valuation, forward PE ratio at 27.0x is expensive for the sector and the market. Share price has been trading sideways for the past 12 months while much of the market has been selling, still relative outperformance but also lacking absolute positive price momentum. The business is high quality, high growth, management remain optimistic. Lack of momentum and high valuation are the clouds for now and suggest there is no rush to buy at present. But AFX is well worth owning for the longer run...

...from WealthOracle
Posted at 22/6/2022 11:54 by sdmbot
Meaning that if you think they'll grow their profits this year about 40%, which personally I think is quite feasible, given the number of new offices they have opened and the traction they seem to be getting, then their P/E for this year is about 16 which for a company like this growing as it is, profitable, with a dividend, good cash conversion, young management, with considerable stake in the business, is very cheap imho.

So if you like AFX, then you might start to accumulate.

Usual caveats apply, dyor etc.
Posted at 17/1/2022 12:55 by jonut
AFX released quite a comprehensive trading update 0n 12/1/21 prior to FY results in mid March. After the positive Dec21 update, I expect a Jan22 update any time soon.
Posted at 12/11/2021 13:29 by km18
Still looking good...merely a pause in the ascent....

Alpha FX Group plc the FX and alternative banking provider published another robust set of unaudited numbers for the 6 months to June this morning. The investment recommendation is clear. Buy at current spot 1825p, expected multi-year investment horizon as management continue to grow the business aggressively. To summarise today’s release and the investment case, AFX is still growing its top line revenues briskly, its profits even faster, EPS growth is soaring. The Group is well capitalised and debt free and AFX is cash rich with £67m of own free cash on the balance sheet. AFX also today announced a proposed 3p interim dividend so distributions will continue to increase healthily. The only real blot on the landscape is valuation which is undoubtedly rich, forward PE ratio is over 30. But given the pace at which AFX’s top line business is growing and the fact that it is a scalable business so bottom-line EPS can grow much faster, it is unlikely to get much cheaper anytime soon. It is hard to see where any meaningful pullback in price would come from....keep up to date with stocks with WealthOracleAM
Posted at 29/9/2021 10:06 by hsduk101
Alpha Fx have created a new banking solution and opened a new office in Luxembourg to promote this:
Posted at 09/9/2021 16:05 by hsduk101
is today dividend date day?
Posted at 01/9/2021 08:37 by big7ime
Good results, share price a damp squib - rev fig already baked in from TAs and a comparison to 2019 is more appropriate, shrs have been strong. Compare to Agfx where brexit/covid seems to have hit them harder, much lower rating and could do v well if show a similar recovery. Agfx at an earlier stage, about a yr behind afx. I hold both.
Posted at 01/9/2021 08:08 by capitalist
- Group H1 revenue up 90% to GBP34.2m (H1 2020: GBP18.0m)
supported by a broad recovery in client activity post
lockdown and strong growth across all divisions.
- Underlying* H1 profit before tax up 214% to GBP15.4m
(H1 2020: GBP4.9m) reflecting the operational gearing
of the business.
- Reported H1 profit before tax up 225% to GBP15.3m (H1
2020: GBP4.7m)
- Uplift in H1 profit before tax margin to 45% (H1 2020:
27%) benefitting from short-term lower travel, hiring
and entertainment expenses.
- Underlying H1 basic earnings per share of 27.9p in the
period (H1 2020: 9.5p), with basic earnings per share
of 27.6p (H1 2020: 8.9p).
- The Group is well capitalised and debt free, with net
assets in excess of GBP98m and GBP67m of own free cash
on the balance sheet.
- Cash conversion continues to be strong, supported by
the growth of the Alternative Banking division.
- Proposed interim dividend of 3.0p (H1 2020: nil).

Posted at 15/1/2021 09:58 by tomps2
Alpha FX #AFX mentioned by Ben Mckeown, Investment Director at Dowgate, when discussing his investing caveats.

AFX: 6m19s

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