Alpha Fx Share Discussion Threads

[pireric] 11/7/2018 10:33

"The H1'18 trading update highlights further strong market share gains for AFX with revenues up c50%. We have increased our revenue forecasts and maintain our profit estimates reflecting a number of investments which will position the company to scale significantly over the next few years."

The reality is you only really need to look out 2-3 years and extrapolate forward earnings growth (bake in gradual margin expansion post this year as they lever the headcount IMO), and a maintaining of the current multiple and you can see where share price upside is going to come from.

[wjccghcc] 11/7/2018 10:18

Liberum were forecasting 17mm FY sales which they've now increased by 16% to 19.7mm. They're kept PBT forecasts the same due to the increased investment mainly into new hires for the corporate and institutional divisions and maintained their price target of 630p.

[ihatemms] 11/7/2018 10:08

I expect revenues will be anything between 20.5 -21.5m for the year - significantly above current market expectations. Compared to 13.5m for FY 17 -that's good enough for me.

[pratt2] 11/7/2018 09:31

I m a bit disappointed with those results tbh. I was expecting c 21 to 22m FY revenues so unless H2 picks up a lot, cant see it happening.

[toffeeman] 11/7/2018 09:06

I would have thought that a company such as this could benefit greatly from Brexit - but try typing THAT word into the search function on their website......

[nw99] 11/7/2018 08:50

It's like Fair FX just buy and hold double your money

[john09] 11/7/2018 07:40

Yes I’m surprised it’s holding. Albeit not a lot of interest. Only 5,000 shares traded when I checked

[nw99] 11/7/2018 07:37

In line stock up still holding big gains

[pireric] 11/7/2018 06:31

Revenues well ahead. 9.6m in H1. FY expectations of 17-17.5

Front loaded investment to drive growth through the mid term. Need to look beyond the text John. Clear as day that this biz is growing substantially faster than Liberum's forecast for this year IMO

Let's see how this closes today. Think Liberum's update should push this through the day

[john09] 11/7/2018 06:28

“In line” not “mega fab”

Good luck

[pireric] 11/7/2018 06:17

Mega fab update :0)

50% revenue growth against a base period of 90% last year. 2nd half comp is much easier so reckon the estimates for mid twenties revenue growth this year will be smashed and board expectations > market expectations.

Pleasing

[pireric] 10/7/2018 10:25

Nope. Last year was July 17th. My guess would be sometime next week or Monday-Wednesday the week after

[ali47fish] 10/7/2018 07:39

pireric do oyu know the actual date- the notice is dated 15/8/18

[pireric] 09/7/2018 13:13

Not in my book by any stretch of the imagination. Let's see :0). Very confident indeed.

Here's my prediction. Super update, followed up by prime coverage from SCSW next month, leaving this around 620-650p by early next month

[john09] 09/7/2018 11:21

Using ahead of the statement is a risk. This will react wildly up or down that’s for sure

[pratt2] 09/7/2018 11:13

Tempted to add quite a few myself but this is still speculative and markets been harsh on any signs of trouble in trading statements these days, so still on the fence! Have a small-ish position already.

[pireric] 09/7/2018 10:54

Added. Expecting a trading update within a fortnight.

[pireric] 03/7/2018 16:17

This is a tiny bolt on offering. Not really diversifying tbh

[pratt2] 03/7/2018 16:06

Hmm.. feels like trying to diversify too much too soon? I would ve liked to see them prove the core business and the new institutional sector first.. We shall see!

[pireric] 03/7/2018 12:07

Looks like Alpha are stepping into the world of payments

hxxps://www.alphafx.co.uk/corporate/key-features/alpha-pay/#

[pratt2] 28/6/2018 09:59

when are we expecting news here? end of july?

[pireric] 12/6/2018 19:18

Not a lot. Look at the volumes, look at the price chart. Come back when trading update is released and chill in the meanwhile