Alpha Financial Markets Consulting (AFM)

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FTSE AIM 100

211.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 256.00
  • 52 Week Low: 191.50
  • Currency: UK Pounds
  • Shares Issued: 100.99m
  • Volume: 6,844
  • Market Cap: £213.08m
  • RiskGrade: 93
  • Beta: 0.20

Alpha FMC reports 'exciting potential' and expects to outperform last year

By Duncan Ferris

Date: Thursday 11 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Alpha Financial Markets Consulting reported that both revenue and adjusted EBITDA are expected to be ahead of the last financial year and in-line with current full year market expectations in its pre-close trading update on Thursday.
The global consulting company reported a 51.5% increase in revenue to £66.0m alongside an adjusted EBITDA increase of 62.9% to £13.9m.

Euan Fraser, global chief executive of Alpha, said: "We are pleased that Alpha has made further good progress in its second year as a public company. Alpha recently launched its twelfth practice, Exchange Traded Funds & Indexing, and opened its tenth office, located in Zurich, as we continue to grow our international reach. We believe both expansions offer exciting potential."

Fraser added that the underlying industry trends of cost reduction, increasing regulation and increasing assets under management remain firmly in place, driving ongoing change programmes globally, but stated that the AIM traded company continues to be well placed to advise and assist clients' needs.

Berenberg analysts reiterated their 'buy' rating and price target of 265p, leaving their full-year estimates for profits unchanged after the update.

"Overall, we believe Alpha has several interesting areas for future growth across product verticals and geographies. Many of these are in their infancy and, as they mature, we think group utilisation and margins should increase beyond the current forecast level," said analysts at Berenberg.

Alpha Financial Markets Consulting's shares were down 3.54% at 245.00p at 1349 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AFM Market Data

Currency UK Pounds
Share Price 211.00p
Change Today -1.00p
% Change -0.47 %
52 Week High 256.00
52 Week Low 191.50
Volume 6,844
Shares Issued 100.99m
Market Cap £213.08m
Beta 0.20
RiskGrade 93

AFM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.55% below the market average43.55% below the market average43.55% below the market average43.55% below the market average43.55% below the market average
18.33% below the sector average18.33% below the sector average18.33% below the sector average18.33% below the sector average18.33% below the sector average
Price Trend
1.52% below the market average1.52% below the market average1.52% below the market average1.52% below the market average1.52% below the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Income
13.37% above the market average13.37% above the market average13.37% above the market average13.37% above the market average13.37% above the market average
1.18% below the sector average1.18% below the sector average1.18% below the sector average1.18% below the sector average1.18% below the sector average
Growth
79.14% above the market average79.14% above the market average79.14% above the market average79.14% above the market average79.14% above the market average
88.03% above the sector average88.03% above the sector average88.03% above the sector average88.03% above the sector average88.03% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AFM Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-19 29-Aug-19
Paid 23-Dec-19 11-Sep-19
Amount 2.10p 4.09p

Trades for 06-Dec-2019

Time Volume / Share Price
11:46 2,334 @ 213.75p
10:43 2,500 @ 210.00p
09:24 320 @ 214.00p
08:32 300 @ 210.00p
08:00 1,390 @ 215.75p

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