Alpha Group International (ALPH)

Sector:

Financials

Index:

FTSE AIM 100

1,900.00p
   
  • Change Today:
      65.00p
  • 52 Week High: 2,300.00
  • 52 Week Low: 1,480.00
  • Currency: UK Pounds
  • Shares Issued: 43.20m
  • Volume: 123,834
  • Market Cap: £820.76m
  • RiskGrade: 248

Alpha FX reports 'continued strength' into new year

By Josh White

Date: Tuesday 12 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Foreign exchange risk management and alternative banking provider Alpha FX Group updated the market on its performance in 2020 on Tuesday, reporting continued strength since its last update in early December.
The AIM-traded firm said revenue for the full year was expected to be around £46m, with underlying operating profit to be "slightly ahead" of the most recent expectations.

Growth for the year came from both its foreign exchange risk management and alternative banking divisions, despite the former seeing a "significant impact" in the first half from businesses delaying their trading activity because of the slowdown in global trade as a result of Covid-19.

Despite the backdrop, Alpha FX said client numbers increased by 16% during the year, to 754 from 648.

Alpha said it remained profitable, debt-free, and "extremely well-capitalised", with around £48m in its own free cash immediately available on its balance sheet.

Due to the growing traction of its alternative banking solutions, the company said it was naturally seeing an increase in the proportion of products sold that were readily convertible into cash, in particular spot transactions, which was providing accelerated cash conversion to support its growth.

"Despite the challenges faced, the team ensured 2020 was another consecutive year of strong growth across all divisions of the business," said founder and chief executive officer Morgan Tillbrook.

"The lifeblood of Alpha's success is our people and I am extremely proud of our team for rising to the challenge to deliver in the way they have.

"It is a real privilege to lead the group and I believe the progress made this year will set us in very good stead long into the future."

Alpha FX reiterated its intention to reinstate a dividend policy at the time of its full-year results in March.

At 1424 GMT, shares in Alpha FX Group were down 3.52% at 1,370p.

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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.

 

ALPH Market Data

Currency UK Pounds
Share Price 1,900.00p
Change Today 65.00p
% Change 3.54 %
52 Week High 2,300.00
52 Week Low 1,480.00
Volume 123,834
Shares Issued 43.20m
Market Cap £820.76m
RiskGrade 248

ALPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.89% below the market average88.89% below the market average88.89% below the market average88.89% below the market average88.89% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Price Trend
8.11% above the market average8.11% above the market average8.11% above the market average8.11% above the market average8.11% above the market average
15.52% above the sector average15.52% above the sector average15.52% above the sector average15.52% above the sector average15.52% above the sector average
Income
0.88% below the market average0.88% below the market average0.88% below the market average0.88% below the market average0.88% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
82.57% above the market average82.57% above the market average82.57% above the market average82.57% above the market average82.57% above the market average
90.74% above the sector average90.74% above the sector average90.74% above the sector average90.74% above the sector average90.74% above the sector average

ALPH Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 21-Sep-23
Paid 10-May-24 20-Oct-23
Amount 12.30p 3.70p

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 4,100 @ 1,900.00p
16:40 817 @ 1,895.00p
16:39 817 @ 1,895.00p
16:38 78 @ 1,900.00p
16:38 78 @ 1,900.00p

ALPH Key Personnel

CEO Morgan James Tillbrook
CFO Tim Powell

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