Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Fx Group Plc LSE:AFX London Ordinary Share GB00BF1TM596 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.44% 1,120.00 9,594 10:30:42
Bid Price Offer Price High Price Low Price Open Price
1,100.00 1,140.00 1,125.00 1,120.00 1,125.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.47 9.73 21.80 51.4 449
Last Trade Time Trade Type Trade Size Trade Price Currency
15:41:10 O 43 1,135.00 GBX

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Date Time Title Posts
02/10/202009:34*****ALPHA FX*****158
18/11/201913:49Alpha FX Group PLC 598
02/9/201822:41Alpha FX (AFX) One to Watch on Monday -
03/5/200208:30Friday 03-May-2002 Where's the AFX News ?-
10/1/200217:59ADVFN BREAKING NEWS1

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Alpha Fx Daily Update: Alpha Fx Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker AFX. The last closing price for Alpha Fx was 1,125p.
Alpha Fx Group Plc has a 4 week average price of 980p and a 12 week average price of 805p.
The 1 year high share price is 1,355p while the 1 year low share price is currently 470p.
There are currently 40,066,171 shares in issue and the average daily traded volume is 76,141 shares. The market capitalisation of Alpha Fx Group Plc is £448,741,115.20.
energeticbacker: While the earnings rating looks rich AFX has a considerable growth opportunity. Investor's Champion was previously a little wary of the significant founder sell-down earlier in the month, but this was on the expiry of an unusually long 3 year lock-in and founders do still hold more than 35% of the equity.
carsonblocked: @Konny what's AFX's office being nominated for an award got to do with the price of fish? and @Cfro, why are you so salty? Do you want some chips with your salt? Did you miss the boat, and now to make you feel better you come up with random posts you think is going to tank the share price? Cfro "Looks like the mugs are Liontrust", so are you smarter than those lot, wise sage? Cfro "Directors selling in droves", yes because shareholder concentration is so tight, and not enough free float the institutions wanted to buy yards from them to make it worth their while? Cfro "Results only 'inline' with FY19, to me that is going backwards" - In a pandemic where some companies will have negative growth for years, and won't reach FY19 levels for years to come, yet Alpha anticipate to do it this year, and you think that's going 'backwards', what world are you living in? Reveal your positions to see which of those are ahead of FY19, wise sage.
matt123d: Interesting price action. I added some more with difficulty.
carsonblocked: 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.
longshanks: I think you miss the point on the distressed client's debt.This is the client's debt to AFX because they could not cover the margin call. AFX has not lost any money as far as I can tell and is instead doing its best to support a valued client meet its obligations.This is heavily undervalued now IMO. Ripe for a recovery in due course once the placing shares have been digested.
konradpuss: Longshanks, I agree that the business and share price had not disappointed up to the point that the £30 million margin call could not be met. To me that sends up red flags as to risk management. However who would have thought that the Norwegian Krona could depreciated against the dollar by 15% in a few days. In 2008 it was just 5%, I believe, at the worst. I wish I had been aboard for the run up.
earwacks: Providing they dont get any more debts, its a brilliant move. Excellent execution too. So many companies do this badly i'e advertise they are going to have a placing weeks before by which time the share price tanks below the placing and then they have to drop the placing price. I've seen it happen many times. These guys announced the placing yesterday and completed on the same day. Never heard of that happening before. Of course they wouldnt probably needed to if not for the 30 million they are owed being paid back in weekly instalments of £266,000 for the next two years. They had a potential disaster on their hands and turned it into a positive. Skilful management and good contacts. This has dropped back to share price of November, so I would think that is pretty safe plus getting the placing way at £6.80 was barely a discount.
euclid5: Good to see the BoD & employees investing nearly £1.9M into the placing - far better than most other co's when they raise "Several Directors being Morgan Tillbrook, Henry Lisney, Tim Kidd, Clive Kahn and Matt Knowles have indicated an intention to subscribe for up to, in aggregate, 52,941 Placing Shares at the Placing Price. In addition, certain employees of the Company and their family have also indicated an intention to subscribe for up to 225,735 new ordinary shares in the Company at the Placing Price Https://
2toptrader: Yes, excellent points. Also, to understand why this happened, it was at the time when investors worldwide capitulated and bought US dollars for safety. Basically went into cash. That caused an unprecedented spike in the dollar against all currencies, have a look at the pound alone and it was even worse for non major currencies. So it was an external, macro event. Yes, it exposed the weakness of the business model but 2 reasons why this shouldn't happen again: 1 this macro events are extremely rare , last time it happened in 08-09 and it was half as bad. 2 they learned the lesson and that's why they showed us their top 20 positions: all major currencies and low customer concentration. I also agree with the above post. AFX could have proceeded with litigation to get all the money in one go. But why treat a long standing customer like this, during this corona mayhem. Excellent management. The share price fell 50% for a "bad" debt that they'll get it back anyway, no make sense to me. Keep buying the dip I say. and have a little patience.
mrnumpty: 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 .
Alpha Fx share price data is direct from the London Stock Exchange
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