Alpha Group International (ALPH)

Sector:

Financials

Index:

FTSE AIM 100

1,776.67p
   
  • Change Today:
    -83.33p
  • 52 Week High: 2,400.00
  • 52 Week Low: 1,450.00
  • Currency: UK Pounds
  • Shares Issued: 42.20m
  • Volume: 94,655
  • Market Cap: £749.69m
  • RiskGrade: 248

Alpha FX revenue, customers grow in first half

By Josh White

Date: Thursday 21 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Foreign exchange risk management and accounts provider Alpha FX Group said in a trading update on Thursday that its first-half revenue was ahead 35% to £46m, including £1m of re-charged interest.
The AIM-traded firm said foreign exchange risk management revenues were up more than 30% year-on-year for the six months ended 30 June, to £32m.

Its risk management client numbers, meanwhile, were up 22% over the same period, to 975.

In alternative banking, the company's revenues increased more than 40% to £14m, while alternative banking accounts increased 239% to 3,061.

Operationally, the board said its Milan office, launched in March, was already profitable along with its other established divisions in London, Toronto and Amsterdam.

It said it continued its "significant investments" into people and technology to drive further expansion, adding that it was in a "strong" cash and liquidity position, with over £95m in free cash.

"I'm pleased to report on a strong period of trading for the group, with strong growth across both our divisions," said chief executive officer Morgan Tillbrook.

"Following the decentralisation of our divisions, we have never been more confident in their significant standalone potential.

"The enhanced focus is enabling each division to better direct their resources toward their distinct strategic priorities, in turn, creating more value for all their stakeholders, and positioning them to build a new era of innovation and growth."

At 1608 BST, shares in Alpha FX Group were down 1.71% at 1,725p.

Reporting by Josh White at Sharecast.com.

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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 1,776.67p
Change Today -83.33p
% Change -4.48 %
52 Week High 2,400.00
52 Week Low 1,450.00
Volume 94,655
Shares Issued 42.20m
Market Cap £749.69m
RiskGrade 248

ALPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
73.27% above the market average73.27% above the market average73.27% above the market average73.27% above the market average73.27% above the market average
55.38% above the sector average55.38% above the sector average55.38% above the sector average55.38% above the sector average55.38% above the sector average
Income Not Available
Growth
85.12% above the market average85.12% above the market average85.12% above the market average85.12% above the market average85.12% above the market average
77.97% above the sector average77.97% above the sector average77.97% above the sector average77.97% above the sector average77.97% above the sector average

ALPH Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Sep-22 14-Apr-22
Paid 07-Oct-22 13-May-22
Amount 3.40p 8.00p

Trades for 01-Feb-2023

Time Volume / Share Price
15:02 669 @ 1,809.50p
15:00 115 @ 1,809.50p
14:49 55 @ 1,800.00p
14:27 55 @ 1,800.00p
14:15 86 @ 1,800.00p

ALPH Key Personnel

CEO Morgan James Tillbrook
CFO Tim Powell

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