Alpha Financial Markets ... Share Discussion Threads

[gsbmba99] 21/11/2018 09:40

Outlook statement contains a small upgrade: "... and anticipate revenues to deliver Group performance slightly ahead of Board expectations." It still seems like the company growing faster than market forecasts would indicate. 1H19 revenue of £39m leaves £34.4m to do in 2H to get to the £73.4m forecast (before any changes as a result of "slightly ahead"). They did £37.3m in 2H18 last year and they now enter 2H with 28% more people than they had last year. Things look good if they can continue to keep their people busy on paid projects.

[5chipper] 21/11/2018 09:12

Results seem weighted to second half as per last year as I presume companies are more streamlined during summer months and less likely to focus on infrastructure or compliance projects.

Given a good second half then I calculate a p/ev of 10-12.

Seems like good value and very tempted to try and top up

[mad foetus] 21/11/2018 07:58

Results look good, let's see what the next few weeks bring.

[typo56] 06/11/2018 16:24

Jupiter back to holding 5%. They probably only dipped just below a couple of weeks ago.

[gucci] 06/11/2018 15:14

have to do a fill/kill even for the smallest buy

increase in holding RNS today

[gucci] 06/11/2018 15:00

topped up too

[mad foetus] 06/11/2018 14:52

Yes, I have topped up, looks in bargain territory

[typo56] 05/11/2018 11:01

Probably be a bit of interest towards results on 21st Nov.

[5chipper] 05/11/2018 10:39

Bought back in this morning but was not easy to buy

[typo56] 26/10/2018 12:09

Jupiter have sold.

[nurdin] 25/10/2018 18:48

cheers Typo.

[typo56] 25/10/2018 17:00

"General market malaise" mostly, with a dislike for high P/E and AIM. More recently AIM stocks have been also falling because of what Hammond may do with tax breaks and/or stamp duty and/or disallow in ISAs.

[nurdin] 25/10/2018 16:26

I had taken my eyes off these.Somewhat surprised to see how far they have fallen..just the general market malaise or have I missed something?

You still holding modform?

[modform] 11/10/2018 20:00

Yes gsbmba,

Just surprised that the company only mentions revenue and adjusted EBITA and not profit

[gsbmba99] 11/10/2018 17:51

Can't quite reconcile consultant headcount. Annc says +28% to 350 in 12 months to 30 Sep 18. Would imply 273 at 30 Sep 17 but interim results presentation from last year says 286 (and would imply +22%). "Consultant utilisation levels are broadly in-line with the comparable prior year first half period." Should mean revenue scaled with number of consultants. Assuming no skew to consultant hiring, suggests about £35.0-36.7m (using £28.7m for 1H18 and +22% or +28%) 1H19 revenue as compared to £74.2m full year forecast (and £37.3m of 2H18 revenue).

[modform] 11/10/2018 07:56

Great update, so 5% initial rise continued by sell off

[modform] 20/9/2018 12:31

Fat fingers, should be 250

[modform] 18/9/2018 19:53

There has been a lot of shares changing hand around 250 in the past few weeks, so not sure if some of the BOD are selling to ii at 250 or institution to institution transfer. The drop is on very low volume if you exclude the transactions at 250

[typo56] 18/9/2018 11:11

Bored holders and drifting on lack of news I suspect. I thought they could have given a trading update a couple of weeks ago, with the AGM. Did anyone here attend?

Lock-in agreement is 180 days from admission.

[mad foetus] 18/9/2018 10:45

This is starting to look an attractive entry point, not sure why it has drifted down so far.

[gsbmba99] 23/7/2018 18:24

Excerpt from not so recent WebFG article ( ).
"There was also a lift for Alpha Financial Markets from Panmure Gordon, which said the provider of operations, technology and strategy consultancy to the asset management industry was "beating the big beasts of global consulting at their own game" as well as growing free cash flow well ahead of sales. "AFM’s unrelenting focus, its remarkable client list (a roll call of the great-and-good of the asset management industry) and its unique model combine to make us enthusiastic buyers up to 421p.""