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Primary Recommendation

AFH Financial - Prospective PE of 10.8

February 2019

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.

  • Epic Code:
  • AFHP
  • Price:
  • 335p
In a world of sexy technology stocks, the financial sector might look mundane by comparison but there are still stellar performers like Brooks Macdonald (BRK; 1665p) and AJ Bell (AJB; 257p) and their ratings reflect that. One that has been overlooked and is at a massive discount to those peers is Midlands-based AFH Financial, a wealth management business that too has year-over-year success but on forecast eps of 31.1p, the prospective PE is 10.8.Rapidly ballooning FUMFUM stands for ‘funds under management’ and is a key metric for all wealth management businesses. You give them your money to manage and they charge an annual fee. Since AFH floated at the end of 2014 the company has grown FUM in every single year. A ...

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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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