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Alpha FX - Forecasts upgraded - again!

November 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:
  • AFX
  • Price:
  • 1050p
AlphaFX’s shares went to an all-time high of almost £10 after the foreign exchange service provider said it expects results for the year to end December to beat expectations, which had already been increased in August. No surprise to any regular reader as I had written back in July that AlphaFX was ready to “knock the ball out of the park” and  we ought to be ready for “trading ahead” news.Driven by new corporate clients (83 net additions to take the total to 565), greater revenue per client, “no pressure on commission rates” and investment in the Canadian office, the latest H1 showed revenues grew 60% to £15.6m and pretax profit was ahead by 70% to £6.7m. Eps came in ...

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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.

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

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