Alpha Fx Share Discussion Threads

[cfro] 29/9/2020 21:23

Wouldnt be surprised if these warned on the next trading update.

Interim results were pretty poor with shrinking margins and profits. Directors selling in droves.

[matt123d] 29/9/2020 14:53

Interesting price action. I added some more with difficulty.

[ihatemms] 29/9/2020 14:46

Any reason for the spike?

[cfro] 16/9/2020 21:37

Looks like Liontrust are the mugs then picking up the director sales.

[ali47fish] 16/9/2020 12:47

funds adding

[markmaltby] 16/9/2020 11:24

No reason for it not to go back to its pre C19 levels,

[longshanks] 15/9/2020 14:07

GBP10 reached and plenty more to come I feel.

[ali47fish] 17/7/2020 08:40

so why aren't people here not adding?

[carsonblocked] 16/7/2020 14:40

Spread tightening too.

[carsonblocked] 16/7/2020 14:29

Seems 'big boys' are already rolling in. 5 Trades went through around 1:45pm today for a total of 543,099 shares, just shy of £4.1M at 750p, makes me believe these are buys.

[ali47fish] 15/7/2020 15:01

nice answer carson yes i like this company a lot and am happy t stay os as long as it delivers- all the best

[carsonblocked] 15/7/2020 10:18

Your question below*

[carsonblocked] 15/7/2020 10:17

Hi @Ali. Apologies, I did not respond to your post on 19th June. I hope by the AGM next year, we're both still holding, the share price is improved. In reference to your question above, one shouldn't worry too much about the spread size (unless desperately wanting to buy some shares), with overall market volatility, the market markers will be trying it on all over the place. My understanding, is you have already acquired a position in AFX, so it's just a matter of waiting now. The concentration of shareholders in a company of this size will also likely affect the spread. I see that as a good thing though, high concentration of shareholders as well as 50+% of employees owning shares, means that when the Buyers come through the share price will get pushed. The usual caveats that this is not financial advice and any action or inaction is totally the reader's responsibility. P.S. Good to hear/see you still active on this board, Ali. Kind regards.

[ali47fish] 15/7/2020 09:53

carso what will it take for the spread to narrow?

[carsonblocked] 15/7/2020 09:16

May take a while for the 'big boys' to roll in and start buying up shares, but they'll come, and when they do, we should see some nice movement upwards. It's just a matter of a waiting game. @Konradpuss any comment on the trading update? On 21 April you wrote "I have found it is always good to invert and look from the outside in to try and destroy long set beliefs so as to try and find if there are any flaws in the original rational for the investment."

[iandippie] 15/7/2020 09:04

Yes, very decent update, but mm spread is ridiculous.

[scepticalinvestor] 15/7/2020 06:52

decent update

[longshanks] 15/7/2020 06:30

Very positive trading update.Great cash position and well positioned for recovery. The only blot is the effects of a wider economic downturn on FX requirements.This should be nearer GBP 10, and will start moving there I feel.

[ali47fish] 19/6/2020 17:03

carson- i think i sent it to Alma their pr who double as investor relations- i am long here and hopefully as SCSW indicated recently quality will out!

[longshanks] 14/6/2020 20:52

Feels to me like the BoD sees the AGM as an unnecessary piece of red tape and don't want to be subjected to any real scrutiny.Not sure if that is because they feel above such processes or they have something to hide.

[carsonblocked] 12/6/2020 13:41

Hi Ali, I have messaged them too about your excellent suggestion re; webinar for AGM. Which email address did you send it too? Are you a shareholder? Kind Regards.

[ali47fish] 09/6/2020 13:33

they should do a webinar and messaged the company to do one - no response- a nice small company with good managers but it seems to me things have changed

[carsonblocked] 05/6/2020 15:35

Does anybody intend to raise any questions at the AGM? Interested to hear anyone's thoughts on the Company's rationale for preventing shareholders to attend AGM.

[konradpuss] 19/5/2020 13:16

Previously a director of Betfair. Let's hope he realises that he has changed industry.

[ali47fish] 19/5/2020 12:43

Alpha FX ropes in James Carey as tech director

Tue, 19th May 2020 12:36
ShareCast

(Sharecast News) - Foreign exchange risk management and payments company Alpha FX Group announced the appointment of James Carey as its director of technology on Tuesday, with immediate effect.

The AIM-traded firm said Carey would bring "significant" experience to the company, having spent six years at Betfair, most recently as head of technology.

In that role, he was responsible for the Betfair Exchange - the world's largest sports betting exchange - where he managed a platform that handled three billion requests and 700 million transactions per day.

There, he was responsible for leading the company's global technology teams, and prior to that , he led one of the development teams at the UK Ministry of Defence, and also spent more than three years developing technologies for the Foreign & Commonwealth Office.

Alpha FX said Carey would work alongside Adam Dowling - managing director of Alpha Payment Solutions - who has been with the company since late 2018.

Alpha explained that it had focussed "strongly" on technology since inception, providing it with a key differentiator.

It said it had accelerated investment in that area, as it broadened its offering to include institutional FX, payments and soon, accounts.

As such, it said Carey would take leadership of a technology team of around 40, with responsibility for delivering its technology roadmap and ensuring that the underlying platform remained industry leading, and would be able to scale to take full advantage of Alpha's market opportunity.

"Alpha's roadmap is incredibly exciting and I'm looking forward to working with the team and using my experience to deliver the functionality and resilience that our clients want, at the scale that we know Alpha can achieve," said James Carey.

Morgan Tillbrook, chief executive officer of Alpha FX, added that Carey's achievements at Betfair were "very impressive".

"His skill set is tailor made for the next phase of our development and will ensure our technology remains scalable and resilient, in order that we can flex and evolve to meet the needs of our high-value client base.

"Technology underpins every aspect of our offering and will remain central to our strategy as we continue to grow.

"To be able to attract somebody of James' calibre demonstrates our ambitions for the long-term future and our commitment to delivering our high-value client base with an unrivalled offering from start to finish."

At 1222 BST, shares in Alpha FX Group were up 4.49% at 710.55p.