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 ends year at upper-end of expectations

By Josh White

Date: Thursday 08 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Specialist consultancy provider Alpha Financial Markets Consulting said on Thursday that it was "delighted" with its performance through the Covid-19 pandemic.
The AIM-traded firm said that, following a "resilient" first half, trading had continued to firm in the second half of the year ended 31 March.

It said it was expecting to report adjusted EBITDA for the full financial year towards the upper end of current market expectations.

Alpha said its consulting teams were still delivering client service while working remotely, adding that the firm was enjoying a "healthy" new business pipeline, and to deliver good levels of new business wins across its geographies.

The group said it had also maintained its strong balance sheet, with strong cash collection continuing in the new financial year.

Alpha said it ended the year with around £34m of cash balances, while its £20m revolving credit facility remained undrawn.

"I am delighted with Alpha's robust performance this year, achieved despite the challenges created by the Covid-19 pandemic," said global chief executive officer Euan Fraser.

"The strength of Alpha's quality-led consulting model and its outstanding people are best demonstrated by Alpha's further progress this year.

"Our entire team deserves a huge thank you for adapting and managing so well in these exceptional times, continuing to support our clients successfully to the highest standards, while generating good new business wins through the year."

Fraser said that while the coronavirus pandemic was ongoing, the financial year ended with "strong" trading across the company's markets, and with a good new business pipeline.

"We remain positive that the medium-term underlying industry trends of cost reduction, increasing regulation and growth in assets under management, will continue to drive ongoing change programmes globally for which Alpha's expanding range of quality consulting services is well placed to advise and best assist our clients' needs.

"With a clear strategy focused on long-term high quality growth markets the group is well positioned to make further progress."

At 0831 BST, shares in Alpha Financial Markets Consulting were up 4.26% at 269p.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page