Primary Recommendations

Alpha FX - Not yet peak Alpha

April 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

If I had to throw my hat in the ring and tell you which one of the present constituents of Growth Portfolio 3 has scope to double the quickest, FX broker Alpha FX might appear an unlikely contender given its lofty share price. But the latest year just reported saw group revenues up an astonishing 68% to £77.5m and profits before tax up by a blistering 91% to £33.4m despite investing in more staff (headcount up from 147 to 214) and several new overseas offices. The number of companies using its FX services soared from 754 to 958 in FY21 and the average size of new client wins also skyrocketed (leading to average revenue per client increasing 36% in FY21). Put all that together and you have scope for some sizzling share price appre ...

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Market Comment - April 22

Luceco - Well set for acquisition frenzy

AlphaFX - High interest rates add £6m to profits (November 2022)

AlphaFX (October 2022)

AlphaFX - Going like a train (August 2022)

AlphaFX - Alternative banking side adds fast growing new leg (April 2021)

AlphaFX (February 2021)

AlphaFX (October 2020)

AlphaFX - Placing to raise new money (May 2020)

Alpha FX (February 2020)

Alpha FX - Forecasts upgraded - again! (November 2019)

Alpha FX - Eps upgraded by 9% again (August 2019)

AlphaFX - Ready to knock the ball out of the park (May 2019)

Alpha FX - Forecasts 40% higher than at IPO (February 2019)

AlphaFX (November 2018)

AlphaFX - Set to beat even upgraded expectations (October 2018)

Alpha FX (August 2018)

Alpha FX (April 2018)

Alpha FX - Second eps upgrade since August (February 2018)

Alpha FX - Attracting world class clients (October 2017)

Alpha FX - 17% upgrade to forecast (August 2017)

Alpha FX - Plans assault on Europe (July 2017)

Alpha FX - Fast growing corporate FX business (June 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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