The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
What is the reason of big volume today?
Just waiting to see if there is anything from Investec this morning.
Personally happy with the update and the now rather attractive yield.
Popping my write up from back in July for interest when I spoke with management.
As a reminder, Investec was forecasting 2024 revenue of £244m with pre-tax profits at £46.3p along with an anticipation of another hike in the dividend to 15.6p per share.
https://martinflitton1.wixsite.com/privatepunter/post/sticking-with-afm-12-07-23
Sounded ok to me. The TU did not provide the previous EBITDA margin, which proactive are reporting as 20.5%. Bit silly to say 'lower' but not quantify by how much in the TU.
Adjusted EBITDA margin was just over 17%, compared to 20.5% in the previous full year, which was attributed to reduced average utilisation, partly reflecting quieter summer months.
https://www.proactiveinvestors.co.uk/companies/news/1029202/alpha-fmc-says-more-positive-market-sentiment-is-returning-1029202.html
The 6 analysts offering 12 month price targets for Alpha Financial Markets Consulting PLC have a median target of 570.00, with a high estimate of 672.00 and a low estimate of 500.00. The median estimate represents a 75.38% increase from the last price of 325.00.
Then you look at Aviva today, rumours of takeovers for £6, when it was trading at £3.80. The IC actually wrote an article on TO targets, citing this as one.
https://www.investorschronicle.co.uk/news/2023/08/21/private-equity-buyers-coming-for-niche-consultants/
Last but not least is Alpha Financial Markets Consulting (AFM), which advises asset managers, wealth managers and insurers. Its shares sank in June over concerns that the group had taken on too many consultants too quickly and that its sales cycle was getting longer.
However, the structural growth drivers still look robust as financial services firms are forced to navigate mergers, fee pressure and ESG. Meanwhile, Alpha FMC itself is debt-free and organic sales are still shooting up – particularly in its key market of North America.
1% short, judging from the price action here. Had a few more, really like this company. Left a bit of room, as we have a trading update fairly soon, but the company is in good health from last financials, and well regarded. A few in the £2's would not trouble me at all.
Looks like about 1% of company traded today.
GLG short.
I was very greedy last week.
Amazing liquidity drain in a few high quality AIM shares last week, this had already been dropped by ~20% to 400p off the back of apparently conservative wording in their outlook statement, so to see it fall another 20% down to 315p was fairly shocking. £60m cash, trading below 7x EV/EBITDA & a >4% yield from these levels. Should see a sustained recovery through September as investors return from the summer break IMO.
Dividend to 10.50p per share, bringing the total for the year to 14.20p, an increase of 36.5% compared with the 10.40p paid in respect of FY 22, in line with the Group's dividend policy. Subject to shareholder approval at the Annual General Meeting ("AGM"), to be held on 6 September 2023, the final dividend will be paid on 19 September 2023 to shareholders on the register at close of business on 8 September 2023.
Report
https://www.proactiveinvestors.co.uk/LON:AFM/Alpha-Financial-Markets-Consulting-PLC
I'm out for a 50% profit. Put the cash into SWG