Alpha Financial Markets Consulting (AFM)

Sector:

Support

Index:

FTSE AIM 100

324.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 499.50
  • 52 Week Low: 305.00
  • Currency: UK Pounds
  • Shares Issued: 122.01m
  • Volume: 120,461
  • Market Cap: £395.31m
  • RiskGrade: 82

Alpha Financial Markets' earnings boosted by improved revenues and cash conversion

By Iain Gilbert

Date: Wednesday 21 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Wealth management consultancy Alpha Financial Markets saw earnings get a boost from improved revenues and a significantly improved cash conversion throughout the first half of its trading year.
Revenues increased 35.5% to £39m in the six months ended 30 September, pushing EBITDA ahead 45.4% to £8.5m and operating profits forward 46.8% to £8.4m.

Besides the heightened revenues, Alpha saw its cash conversion improve from the 1.7% recorded a year earlier to 55.6% as cash generated from operating activities hit £4.8m.

Earnings per share increased from 5.04p to 6.23p and Alpha also declared an interim dividend to 1.91p per share - ahead of the 1.48p returned to investors in the previous half.

Alpha, which had £84.7m of net debt when it floated on AIM last October, ended out the half with £10.6m in cash on its "robust balance sheet".

Chief executive Euan Fraser, said: "With a good pipeline of work, we look forward to the second half of the financial year with continued confidence, and expect to deliver group performance for the full year slightly ahead of board expectations."

As of 1200 GMT, Alpha shares had picked up 3.20% to 216.21p.

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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 324.00p
Change Today -6.00p
% Change -1.82 %
52 Week High 499.50
52 Week Low 305.00
Volume 120,461
Shares Issued 122.01m
Market Cap £395.31m
RiskGrade 82

AFM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.57% below the market average53.57% below the market average53.57% below the market average53.57% below the market average53.57% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
24.91% below the market average24.91% below the market average24.91% below the market average24.91% below the market average24.91% below the market average
24.75% below the sector average24.75% below the sector average24.75% below the sector average24.75% below the sector average24.75% below the sector average
Income
38.21% above the market average38.21% above the market average38.21% above the market average38.21% above the market average38.21% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Growth
84.55% above the market average84.55% above the market average84.55% above the market average84.55% above the market average84.55% above the market average
90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 5
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 07-Dec-23 07-Sep-23
Paid 21-Dec-23 19-Sep-23
Amount 3.70p 10.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:42 902 @ 322.00p
16:36 1,439 @ 324.00p
16:35 4,554 @ 324.00p
16:35 8,958 @ 324.00p
16:35 3,000 @ 324.00p

AFM Key Personnel

CFO John Paton
CEO Luc Baqué

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