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

Berenberg on raises target price on Alpha FMC following H1 results

By Iain Gilbert

Date: Wednesday 24 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on asset and wealth management industry consultant Alpha Financial Markets Consulting from 420.0p to 470.0p on Wednesday, citing the group's accelerated first-half performance.
Berenberg said Alpha FMC's first-half results, published earlier in the day, showed the company's "best trading period for a number of years", with overall revenue growth accelerating to 44% year-on-year and organic growth increasing 22%.

Due to higher-than-target utilisation levels, Berenberg pointed out that this revenue growth had resulted in 53% underlying earnings growth and 41% earnings per share growth, given the dilution from its accretive placing at the start of the current financial year.

Most impressively, the German bank highlighted that the improved results appeared to reflect broad-based growth, with greater-than-20% growth recorded across each of Alpha's geographies, "strong contributions" from new practices such as insurance and ESG, as well as "material progress" from recent acquisitions Axxsys and Lionpoint.

"As a result of this better-than-expected momentum, and now assuming 20% organic growth over the full-year, we upgrade our EPS forecasts by 6%, and raise our price target to 470.0p," said the analysts, who also reiterated their 'buy' rating on the stock.

"Alpha remains an excellent growth story, with a clear competitive advantage in a structural growth market, thriving in new geographies and service lines while successfully integrating recent acquisitions. We expect this strong performance to be repeated for years to come."

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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
56.1% below the market average56.1% below the market average56.1% below the market average56.1% below the market average56.1% 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
12.91% below the market average12.91% below the market average12.91% below the market average12.91% below the market average12.91% below the market average
18.81% below the sector average18.81% below the sector average18.81% below the sector average18.81% below the sector average18.81% below the sector average
Income
37.63% above the market average37.63% above the market average37.63% above the market average37.63% above the market average37.63% 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
84.26% above the market average84.26% above the market average84.26% above the market average84.26% above the market average84.26% 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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