Updates

AlphaFX - Set to beat even upgraded expectations

October 2018

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.

I met with chief executive Morgan Tillbrook and operating officer Henry Lisney shortly after AFX announced its interims. What is interesting is that the period saw AFX expand its sales team by eight to 40 and it’s already grown to 47 since then. As Tillbrook notes, a sales person has a target of delivering £120k sales in year 1, £300k in year 2 and £700k in year 3. Client numbers also grew by +82 to 392, which compares to +87 in the whole of last year. Despite headcount growth and investment in systems, operating profit went up 29% to £4.1m on sales up 55% to £9.7m. Eps were up 14% to 9.8p.With most of the sales team recently added and AFX growing in size and wallet with existing clients, f ...

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Scientific Digital Imaging

Kainos

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)

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)

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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