Alpha Group International (ALPH)

Sector:

Financials

Index:

FTSE AIM 100

2,140.00p
   
  • Change Today:
      60.00p
  • 52 Week High: 2,300.00
  • 52 Week Low: 1,480.00
  • Currency: UK Pounds
  • Shares Issued: 42.92m
  • Volume: 176,837
  • Market Cap: £918.47m
  • RiskGrade: 248

Alpha Group progressing plans for main market listing

By Josh White

Date: Thursday 21 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Corporate financial solutions specialist Alpha Group International updated the market on its ambition to move to the premium list of the main market on Thursday.
The AIM-traded company said it was currently consulting and appointing relevant advisers to aid in the process.

It anticipated the publication of a prospectus detailing the transition by 2024.

While the exact timeframe was yet to be confirmed, the company said it would make timely updates.

Alpha Group said that since its initial public offering on AIM in 2017, it has experienced substantial growth and reaped numerous benefits from being on the public markets.

The board said that being publicly listed had facilitated capital raising endeavours and the formation of employee shareholders and bolstered its reputation.

Its primary clientele, global corporate entities and institutions, had shown increased trust due to Alpha Group's public market status.

The transparency and robust governance accompanying such status were critical factors in that heightened credibility.

"As a business that is growing in size, becoming more global, and gaining interest from increasingly larger clients, particularly within the institutional space, we believe a main market premium listing will serve to further enhance our reputation and support our market penetration as we move into new countries and engage larger clients," the Alpha Group board said in its statement.

"At the same time, premium listing reporting standards will naturally lead to higher levels of governance and disclosure, both of which we know will be well-received by our clients, banking partners and investors alike."

At 1213 BST, shares in Alpha Group International were unchanged at 2,000p.

Reporting by Josh White for 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 2,140.00p
Change Today 60.00p
% Change 2.88 %
52 Week High 2,300.00
52 Week Low 1,480.00
Volume 176,837
Shares Issued 42.92m
Market Cap £918.47m
RiskGrade 248

ALPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.12% below the market average90.12% below the market average90.12% below the market average90.12% below the market average90.12% below the market average
87.04% below the sector average87.04% below the sector average87.04% below the sector average87.04% below the sector average87.04% below the sector average
Price Trend
57.54% above the market average57.54% above the market average57.54% above the market average57.54% above the market average57.54% above the market average
37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average
Income
2.89% below the market average2.89% below the market average2.89% below the market average2.89% below the market average2.89% below the market average
19.4% below the sector average19.4% below the sector average19.4% below the sector average19.4% below the sector average19.4% below the sector average
Growth
84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average
90.83% above the sector average90.83% above the sector average90.83% above the sector average90.83% above the sector average90.83% 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 30-Apr-2024

Time Volume / Share Price
16:35 6,400 @ 2,140.00p
17:07 1,000 @ 2,140.00p
16:38 467 @ 2,140.00p
16:38 507 @ 2,140.00p
16:36 6,500 @ 2,103.08p

ALPH Key Personnel

CEO Morgan James Tillbrook
CFO Tim Powell

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