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Alpha Group

October 2023

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:
  • ALPH
  • Price:
  • 1870p
The standout in Alpha’s latest H1 was the “other income” amounting to a whopping £33m - this being the interest it received on overnight client balances.  Alpha is choosing not to include this in its reporting: H1 results excluding that income showed sales increased by 20% to £55m and pretax profit was up 9% to £20m (£53m including interest!). Net cash grew 25% in six months to over £142m. Market conditions were subdued - but that isn’t to say the two divisions went backwards - just slower. For instance, on the FX Risk Management side, chief executive Morgan Tillbrook says the rising cost of borrowing and macro uncertainty diminished corporate clients’ appetite for FX hedging. But Alpha grew the number of clients by 12% to 1,089 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.

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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