Updates

AlphaFX - Ready to knock the ball out of the park

May 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.

Shares in foreign exchange service provider Alpha FX took off after reporting full year results. Driven by new client wins, greater revenue per client, stable commission rates and diversification into new products and geographies, revenues were up 73% to £23.5m and pretax profit was ahead by 48% to £10m. Eps came in 30% ahead at 22.7p.Alpha’s business is managing exchange rate risk for corporates and institutions that trade internationally. Growth has been driven by increasing client numbers both from the UK and overseas as well as a promising start made by the Institutional team.During 2018 Alpha increased client numbers by 55% (172 net additions), taking the total to 482. Broker Liberum notes that UK ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Simplybiz - Transformational acquisition helps shares lift off

Hostelworld

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

AlphaFX (October 2022)

AlphaFX - Going like a train (August 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)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X