George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Alpha came runner up in the citywire capital markets elite companies award, beaten by Swissquote--
open link and scroll down the categories--
https://citywire.com/selector/news/citywire-elite-companies-awards-meet-the-emea-winners/a2420037
Looking at the trades that go thro daily, its usually large numbers of £'s and we know only around something like 8% of the stock is only owned by retail, the majority by a select amount of institutes so yes it seems, its institutes trading amongst themselves.
The Emea awards focus on 31 of the sectors that are most popular with elite investors in the region. Over the last month, we’ve been revealing the shortlists of the five companies in contention for the grand prize in each category. In each category, the award will be handed to the company with the most backing by the top investors we follow.
The winners will be revealed at a gala ceremony at the London Stock Exchange tonight
https://citywire.com/funds-insider/news/revealed-the-emea-shortlists-for-the-citywire-elite-companies-awards/a2419850
In my view they need to provide a multi year outlook via a capital markets day, they need to get analyst coverage in line with other FTSE companies (i.e. they currently have just 1 analyst covering the stock vs 15 that cover something like WISE...), it needs price targets with material & realistic upside, it needs international funds to be able to buy shares on the open market whenever they want. All that will come with the move off AIM.
HNW investors do not scour AIM for exciting new fintech opportunities at the best of times, nevermind the current market!
If we had more public awareness of the stock, we would have kept climbing imo, as at the moment we are level pegging, despite fundamentals improving, we do trade very lightly in number of trades a day, whilst the "popular" stocks with similar size caps have 1000's of trades a day. what will it take for alpha to become a stock that is always in the news. do we want more retail or more funds to buy in?
Yes the Q2 figures should appear at the bottom of this page, very intrigued to learn what average cash balances have been, I'd guess blended rates will be in the 3.5% ballpark but let's see... https://www.alphagroup.com/investors/corporate-governance/
I'm also looking forward to seeing the Q2 shareholder movements, my suspicion is that Cannacord, Jupiter & Liontrust will have continued to reduce due to fund redemptions, i.e. see today's news here;
https://citywire.com/wealth-manager/news/liontrust-suffers-near-5bn-outflow/a2419877
They held 11.5% of Alpha at 31/03, so will have almost certainly been forced sellers here in order to satisfy liquidity.
What it means is there is a constant supply of shares so we have remained range bound despite the already excellent fundamentals becoming even more stunning in the last 6 months. It's providing a great opportunity for alert PI's to accumulate positions though, so I'm quite happy for the time being.
They have grown c 800% in six yrs... In a pretty much zero-rate environment.
What's possible over the next six?
Added here (again!) having sold down a few conservative hedge funds, simply because this is - aside the formidable growth trajectory - a beautiful hedge.
I'm guessing we can expect some interest income figures on the IR page within a month or so.
Yep, and I think the key thing re. Alpha is the resilience of western economies to the higher rates. It's notable that the vast majority of established companies are reporting trading in line or even ahead of expectations. This is almost certainly due to record low unemployment & pay rises allowing consumer spending to continue.
The chance of interest income exceeding a run rate of £100m in the near future continues to increase, the market continues to shrug it's shoulders... for now.
6% interest rates expected, even more income for alpha--
"The markets are pricing in that UK interest rates will hit 6% by December, up from 4.5% today."
Today we will find out if alpha won the best capital markets company award.
https://citywire.com/funds-insider/news/money-game-europe-s-five-best-capital-markets-stocks/a2417307
Good spot on the careers blurb. The most exciting thing here is that they can attack a number of new projects fully funded by the growing interest income stream.
This is a really good read on their newest solution announced a few weeks back;
https://the-drawdown.com/article/deep-dive-on-alphas-fund-finance-solution
“Further details of the solution will be announced during the coming months. “We have already identified more than 200 lenders and profiled close to half of these, many of whom have capacity and appetite to lend. Based on our existing client base alone, we have more than 800 fund managers that will have instant access to our solution. Moving forward, we are looking forward to working closely with market participants on all sides of the equation as part of our insight-led innovation strategy in this space.” concludes Heaysman.”
Been browsing the careers, noticed they are moving to Salesforce Lightnings and away from Salesforce classic, plus this caught my eye regarding DevSecOps Engineer, London--
"This role sees you joining a fast-paced and dynamic tech team, within a company that has serious ambitions with its technology and is about to embark on some of the most exciting projects in financial services."
Definately exciting times for Alpha it seems.
Official winners announcement from alpha website--
https://www.alphagroup.com/2023/alpha-wins-foreign-exchange-services-award/
Motley fool advertising alpha--
https://www.fool.co.uk/2023/06/10/top-stocks-for-2023-3-uk-shares-to-target-a-million/
Shows you fx trading certainly has good profit margins, I like alpha does alternative banking too, as i think that will be the biggest driver of growth for alpha in the months , years ahead.
Yes, this IPO company is certainly growing fast, its main customers a banks and the gov, whereas alpha services small and medium companies.--In 2022, CAB Payments reported adjusted earnings before interest, tax, depreciation and amortisation of GBP55 million, up from GBP15 million a year earlier. Total income more than doubled to GBP109.4 million from GBP53.5 million. Pretax profit climbed to GBP43.5 million from GBP9.5 million.
Looking ahead, CAB Payments expects total income to grow by about 25% annually in 2023. It expects exceptional costs in the year to be primarily associated with those relating to its preparation for the IPO.
New fintech IPO announced last week;
https://www.standard.co.uk/business/fintech-firm-cab-payments-eyes-ps1-billion-valuation-in-london-ipo-b1086393.html
Valuation wise this can only be good news for ALPH, this is reinforced when you look at CAB's financials which show they make most of their money by selling FX to customers in emerging markets at a whacking mark up - a service that has a far smaller competitive moat than ALPH's product offering IMO.
Nevertheless, it can only be a good thing for new money to enter to UK listed fintech market...
Alpha won best foreign exchange services last night at the Drawdown 2023 awards--
https://twitter.com/the_drawdown/status/1666520998881927202?cxt=HHwWxICx0ZqB1qAuAAAA
It should boast the company's awareness amongst professionals now.
Results are drawn after dinner and should be listed on the drawdown website,
PLUS alpha to be in the final 5 listed European stocks form a list of 83 for another potential award to be revealed on June 21st
https://citywire.com/funds-insider/news/money-game-europe-s-five-best-capital-markets-stocks/a2417307
Yes, saw a buy for nearly £250,000 at £22.35 during regular trading, then the Uncrossing trade comes in 5 mins after hours to give a false picture for only 400 odd shares, its not real volume , and i expect real volume to commence as per normal on monday , hopefully with more £250,000 buys like i noticed,
UNCROSSING TRADE----"During the auction period, there may be a point (or price) at which the best BID and best ASK match and a trade takes place."
I have seen that in a US stock I own, premarket it can get ONE share sell for as low a price as the trader wants, and it gives those looking at the share price wonder what is going on, you then have to log into nasdaq .com premarket volume and trades and see its someone that accepted any price on their tiny trades hours before opening at 930am. it can happen the other way around to where someone accepts a huge buy price jsut before market opens on a tiny number of shares, it then gives the stocks a high gainer premarket and lists it up on ranking boards which then attracts 100s of new investors thinking wow, its went up 20% premarket, what the news, msut buy in, only to find that as soon as the market opens the stock goes back to its correct price within seconds.
Will do, thanks, I noticed that as well all it takes is a few uncrossing trades to give a false picture of the real trades that go on during the day.
Wow, quite bizarre to see an uncrossing trade at £20 for just 487 shares. I can't believe the LSE allow such manipulation to take place - the exact same thing happened on 17th May with a UT of £22 when shares had been trading at £22.8-£23 all day. It appears to be a tactic to break momentum & cause technicals based selling. The sooner this is off the cess pit of the AIM the better.
Ps. Everythingmoney, please don't start a new thread each time you post...
Alpha won it in 2022 and the 2023 winner will be announced on wed 7th June, Alpha is currently shortlisted, as we can see in my link --
https://awards.the-drawdown.com/shortlist
I believe from learning about alpha and watching interviews from the CEO that all growth has been organic, this allows no dilution or loans to fund growth, and keeps a very healthy balance sheet, i believe its around £180 million.
Some companies like to boast about their growth, but have done it via acquisitions that diluted holders.
That is why I prefer non diluted organic growth and as the CEO said, we are a high growth, profitable ,cash rich company.