Updates

AlphaFX - Going like a train

August 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.

AFX has delivered a strong H1 update and said it expects to more than meet expectations. Revenue grew 35% to £46m against expectations of 19% for the full year - so with trading momentum so strong, a ‘beat’ to expectations looks assured.Both its divisions are on fire. FX Risk Management grew sales 30% to £32m. This was driven by a 22% increase in client numbers to 975. Front office headcount also grew, with 34 new hires in the period. Alpha launched an office in Milan and it has become profitable within just three months.The newer Alternative Banking side grew revenues by 40% to £14m. Alpha has hired 40 back-office staff over the period and further invested in its tech stack and this helped its new global accounts solution ac ...

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Supreme

Strix

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

AlphaFX (October 2022)

Alpha FX - Not yet peak Alpha (April 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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