Alpha Fx Share Discussion Threads

[2toptrader] 30/3/2020 10:37

Liberum new forecasts for 2020 £37.1 mil rev27.3p EPSTP 945p.

[pireric] 30/3/2020 09:15

Don't hold here, but doesn't sound like the big client is a significant bad debt risk. Is a 2 year payment plan though so even beyond this year, might impair AFX's ability to grow quickly. Also have a 1 year earnings reset from this by the sounds of things, so can understand much of today's markdown on valuation grounds.

[sdmbot] 30/3/2020 09:14

I had a little nibble as well

[encarter] 30/3/2020 09:12

They will definitely get paid. The client has increased demand and so is redirecting funds to supply that demand. They will then have extra cash.

[2toptrader] 30/3/2020 08:54

Just bought in for a trade, AFX will get paid.

[itsnotmeitsy0u] 30/3/2020 08:42

Massive write downs on the way imo.looking like 300p likely

[imranawan] 30/3/2020 08:39

Write down in debtors and counter party risk in the RNS this am.

[ramridge] 30/3/2020 08:35

Puzzled. Can't see anything in RNS to warrant a 34% fall in share price

[ali47fish] 30/3/2020 08:19

down 29pc as i write- rns on virus

[pratt2] 11/3/2020 11:42

Sold out here, probably a mistake but prefer to stay on the sidelines and perhaps re enter later this year.

[big7ime] 05/3/2020 16:44

Supply chain problems could lead to less trade and therefore less currency transactions. Alternatively it could be just delaying payments to future when supply catches up.
Worst case, could be less trade generally globally as world goes into recession but AFX are in the growth phase of adding new accounts so I don’t see them being too badly affected, growth might just be slightly lower than it would have been

[hydrus] 05/3/2020 07:00

For AFX I'm struggling to get my head round how the current virus situation might be affecting business, if at all. My assumption for AFX is that it won't be affecting them hugely, unless their clients start going bust as they will still need hedging programmes for export/import activities. I guess recent supply chain issues could slow things down. Any views on this appreciated.

[big7ime] 24/2/2020 11:30

Holding up well considering the market fall as coronavirus fear risk to international trade.

[big7ime] 13/2/2020 18:05

Mrn we explained to you on the agfx board

Eqls is totally different, they have a mix of more general banking services such as payments, the foreign exchange is mostly less profitable B2C up until recently

It’s a huge market.

[big7ime] 13/2/2020 17:46

Funny looking H&S. Funny too that you were buying here just a few days ago and said you had wanted them at 1110! But then you are a day trader.


bamboo2 - 07 Feb 2020 - 16:16:36 - 31357 of 31601 ValueGrowth Investing - VLG
Also took a few AFX. 333 at
The chart suggests a potential turn today.
Would have preferred to get closer to 1110

[bamboo2] 13/2/2020 10:13

Eod close below 1110 confirms a H&S with a tp approx 955

[mrnumpty] 12/2/2020 10:29

I suggest that the recent pull-back in the share price is due to unjustifiable cross-contamination from the events at Equals ( previously known as Fair Fx ) , whose share price graph is not pretty . There is a large-ish article in the Business section of today's Telegraph , on page 6 , explaining why Equals' share price has plummeted . In essence , the Telegraph says that large investors were disappointed by the mismanagement of profit forecasts by Equals , with the new finance director taking a more conservative approach to reporting profits . All in my own opinion : do your own research .

[leona306a] 09/2/2020 09:36

In my opinion , for what it is worth, is that this is a wonderful opportunity to BUY.My research tells me that this is a strong resistance level, which is probably researched by many other potential investors.Last year the final results were released on the 20th March

[firtashia] 07/2/2020 10:05

Charts showing some atypical (presumably mostly selling) volume since the start of the month and 14 day RSI now almost into oversold territory. Will wait to see if the volume tails off and the RSI drops a little more, which potentially could be a good time to add given the proximity to the annual results. If it doesn't- well just happy to hold what I've got.


free stock charts from uk.advfn.com

[squintyflinty1] 06/2/2020 13:14

When are the results due?

[wton1] 23/1/2020 11:40

AGFX
200p coming feel the pressure. its ready to pop

[grabster] 17/1/2020 07:57

The company readily acknowledges that for newly recruited front-office staff, the learning curve they follow means they aren't going to contribute to profits for a while. That's normal, but recruitment is accelerating at a pace whereby the ratio of newbies to mature staff is progressively rising. This presumably has a braking effect, unless the performance of existing mature team rises faster than the recruitment burden.

That is asking a lot when we look at the recruitment stats, especially as these seem to relate to the second half of 2019 more than the first (ie, after the office move, hence a more concentrated intake surge). Front Office headcount grew from 51 to 74 (ie, by 45%), whilst Back Office grew from 31 to 50 (ie, by 61%).

Growth pains of this nature can cripple a company. However, I think the very nature of the particular type of work AlphaFX specialise in, means they are very capable of monitoring ratios more effectively than most.

I would expect analysts to pick up on this issue - and would expect the company (with their particular expertise) to be able to quickly answer such concerns.

Great company with great prospects. And it does sound like they do expect the mature team to be generating growth strongly - presumably strongly enough to support the big new intake. But I would be interested to hear them say so in interviews, and to indicate whether they expect the headcount to continue rising this rapidly or to involve assimilation phases.


PS: In case anyone thinks this sounds like a negative post - I think the upside of this 51% increase in staffing, if all does go smoothly, is a far FAR bigger percentage increase in revenue 2 years down the line.

[nitbhav06] 16/1/2020 04:48

What a great company. This will be worth several billion market cap in the next few years. To think they haven't even scratched the surface in terms of potential. World class management and a service/product that just works.