GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAlpha Financial Markets Consulting Share News (AFM)

Share Price Information for Alpha Financial Markets Consulting (AFM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 417.50
Bid: 410.00
Ask: 425.00
Change: -2.50 (-0.60%)
Spread: 15.00 (3.659%)
Open: 417.50
High: 417.50
Low: 417.50
Prev. Close: 420.00
AFM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Alpha Financial and James Latham hike dividends

Thu, 24th Jun 2021 11:37

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

----------

Alpha Financial Markets Consulting PLC - London-based consultancy for asset and wealth management industry - Pretax profit for 12 months to March 31 comes in at GBP9.0 million, slipping 3.2% from GBP9.3 million a year prior. Revenue rises 7.9% to GBP98.1 million from GB90.9 million. "We are delighted with the performance of the group over the financial year, with the second half of the year creating further momentum and a very strong pipeline of new business," company says. Hikes payout to 6.95p per share, more-than-tripled from 2.10p a year before. "Alpha's diversified, resilient and growing business model, complemented by strong levels of utilisation and an excellent global pipeline, support the board's confidence in the further growth of the group," says company.

----------

James Latham PLC - timber and panel products distributor - Posts pretax profit for year to end March of GBP18.6 million, rising 18% from GBP15.7 million a year before. Revenue inches up 1.3% to GBP250.2 million from GBP247.1 million. Declares final dividend of 15.5p per share, up 55% from 10.0p a year prior. "The strong demand seen towards the end of this financial year, has continued into the new financial year, with margins also improving. Global demand for timber products is very strong, being driven primarily by North America, but also from the construction sector worldwide. Many manufacturers have introduced an allocation system limiting the ability for us to grow our volumes... The outlook is difficult to predict, but the current challenging supply situation looks set to continue through 2021, but visibility beyond that is much more uncertain, but we know that the market will change at some point," says company.

----------

Ethernity Networks Ltd - Israel-based networking and security solutions provider - Sees pretax loss widened to USD6.3 million in 2020, from USD4.5 million in 2019. Revenue rises 46% to USD1.9 million from USD1.3 million. Research & development expenses increase to USD4.0 million from USD2.9 million. "The current year will be both challenging and exciting as the company continues to increase and capitalise on customer engagements, continues to develop and deliver its strategy as well as face the particular challenges, including the Covid-19 pandemic in India and the shortage of components, to grow the revenue delivery from current modest levels, into milestone new contracts," says company.

----------

SDCL Energy Efficiency Income Trust PLC - investment company - Posts net asset value per share at March 31 of 102.5p, up 1.5% from 101.0p a year prior. Pretax profit rises sharply to GBP32.4 million for the year ended March 31 from GBP11.6 million a year prior. Total payout for year comes in at 5.5p, up 10% from 5.0p. Targets payout of of 5.62p per share for year to March 2022. Says it will continue to seek to build a diversified portfolio for the company "and, particularly, to further diversify in terms of technologies that are compatible with a pathway towards decarbonisation. Beyond combined heat and power, solar, storage and district energy, the Investment Manager is evaluating investments in heat pumps, micro grids, cooling, low carbon fuel for transport (including green gases as well as well as electricity) and hydrogen".

----------

Keras Resources PLC - mine development in Togo, West Africa and US state of Utah - Reports pretax loss of GBP560,000 in half-year ended March 31, narrowed from GBP809,000 a year before. Revenue comes in at GBP31,000 compared to nothing a year before. Does not declare an interim dividend, unchanged year-on-year. "We have one of the highest-grade organic phosphate mines in the US producing six different fully certified organic products. Our job now, in addition to mining and processing, is to create and cultivate our place in the burgeoning US organic phosphate industry and build our market share turning our initial customers into long-term sales partners. We can adapt our premium, higher-grade phosphate resources to deliver customised products for the specific needs of local soil, climate, and crops with the ultimate aim of generating higher crop yields for our customers," says Chief Executive Russel Lamming.

----------

First Property Group PLC - property fund manager - Posts pretax loss in year to end March of GBP5.1 million, swinging from a pretax profit of GBP5.5 million a year prior. Revenue slips 26% to GBP12.1 million from GBP16.3 million. Forgoes final dividend, compared to 1.22p per share a year ago. "The outlook is improving but is far from certain. Quantitative easing will no doubt begin to buoy asset values soon; there are signs of it now, even with income under pressure. But the gravitational pull of economic adversity is going to continue for some time yet," says company.

----------

XPS Pensions Group PLC - pure pensions consultancy - Reports pretax profit for year to end March of GBP11.4 million, up 2.7% from GBP11.1 million a year prior. Revenue increases to GBP127.9 million from GBP119.8 million, driven by strong client demand across all Pensions divisions. Declares full-year dividend of 6.7p, up marginally from 6.6p. "The outlook for the business is positive as we continue to invest in our people and services. In particular, we anticipate strong demand as we help clients address the challenging regulatory environment, including the pending overhaul of funding regulations, GMP equalisation and the consequences of the finalised CMA Review. Our growing new business pipeline also provides an opportunity for us to continue growing our market share," says Co-CEO Ben Bramhall.

----------

iEnergizer Ltd - IT service management company - Reports pretax profit for year ended March 31 of USD53.5 million, rising 1.7% from USD52.6 million a year before. Total income increases 2.8% to USD200.3 million from USD194.9 million. Pays out 14.12p per share for entire year, up 3.8% from 13.6p. "As we look into fiscal 2022 and beyond, we see a sizeable project pipeline, in both enterprise solutions across the group. These relate to continued development of the course material and Learning Management Systems for the Off-The-Shelf content service, combined with continued solid momentum in our Business Process Outsource segment. We expect the business to continue to deliver on its strategy, and we continue to keep a close eye on our costs, as the revised structure and new initiatives continue to take effect in the content delivery segment. The operational leverage in the business model enables us to capitalise substantially on revenue growth opportunities presented in the pipeline," says company.

----------

Dekel Agri-Vision PLC - West Africa-focused agriculture company - Posts pretax loss of EUR2.2 million in 2020, narrowed from EUR3.3 million a year before. Revenue rises 7.7% to EUR22.5 million from EUR20.9 million. Does not declare any dividends. "The momentum behind the business continues to build in the current year: our palm oil operations are on course to post another improved set of financial results for the first half; the cashew purchasing programme has commenced in anticipation of the plant at Tiebissou commencing processing in the coming weeks; the post period end long term debt refinancing has extended the maturity of our debt profile and strengthened our balance sheet; and the planned completion of the RSPO certification process for our palm oil operations later this year will potentially highlight the attractiveness of our project and open up export routes," says company.

----------

Sigma Capital Group PLC - build-to-rent housing provider - Reports pretax profit for six months to end March of GBP4.1 million, up sharply from GBP1.0 million for six months ended June 30 last year. Revenue rises 32% to GBP6.6 million from GBP5.0 million. Does not intend to propose an interim dividend in line with prior years. "These results reflect Sigma's continuing good progress. The recent offer for Sigma by PineBridge Benson Elliot LLP was unanimously recommended by Sigma's Independent Directors as in the best interests of staff, partners and shareholders as a whole, and is now following due process," says company.

----------

Path Investments PLC - energy and natural resources investment company - Reports widened pretax loss for 2020 of GBP377,103 from GBP317,647 a year prior. Loss per share widens to GBP0.19 from GBP0.16. "In March 2021 the company was delighted to receive the welcome support of new shareholders and certain existing holders in a fund raising with gross proceeds of GBP3.85 million received to accelerate the company's investment strategy. We are currently focussed on one opportunity in particular and anticipate updating shareholders in due course," says company.

----------

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
22 Jun 2023 08:07

Alpha Financial Markets skids despite bumper full-year numbers

(Sharecast News) - Alpha Financial Markets shares came off from their near record highs despite the investment advisory outfit posting a bumper set of full-year numbers.

Read more
22 Jun 2023 08:03

LONDON BRIEFING: Whitbread "in great shape"; DS Smith profit rises

(Alliance News) - Stocks in London are expected to open lower on Thursday, as investors wait for the Bank of England's interest rate decision, while the UK continues to be gripped by wild inflation.

Read more
15 Jun 2023 15:50

UK earnings, trading statements calendar - next 7 days

Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
Berkeley Group Holdings PLCFull Year Results
Halfords Group PLCFull Year Results
Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
Alpha Financial Markets Consulting PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
XPS Pensions Group PLCFull Year Results

 

Read more
2 May 2023 12:02

Alpha FMC acquires Sydney-based Shoreline for initial £4.2m

(Sharecast News) - Alpha FMC announced the acquisition of Shoreline Consulting and Shoreline Consolidated on Tuesday, collectively known as 'Shoreline', for AUD 8m (£4.2m) in cash.

Read more
2 May 2023 10:09

IN BRIEF: Alpha Financial Markets buys Sydney-based firm Shoreline

Alpha Financial Markets Consulting PLC - London-based asset and wealth management and insurance consultancy - Buys Shoreline Consulting Pty Ltd and Shoreline Consolidated Ltd for an initial AUD8.0 million, about GBP4.2 million, payable in three instalments, plus an additional earn-out of up to AUD5.0 million.

Read more
3 Apr 2023 11:14

New CEO begins tenure at Alpha FMC

(Sharecast News) - Specialist financial consultancy Alpha FMC updated the market on its new chief executive officer on Monday.

Read more
3 Apr 2023 09:43

IN BRIEF: Alpha Financial Markets confirms new chief executive officer

Alpha Financial Markets Consulting PLC - London-based asset management, wealth management and insurance consultancy firm - Confirms Luc Baque has been appointed chief executive officer, as previously announced in November. Replaces outgoing Euan Fraser, who remains as a strategic adviser. Baque was head of asset and wealth management prior to becoming CEO.

Read more
9 Mar 2023 13:15

Alpha FMC set to beat full-year expectations

(Sharecast News) - Asset management, wealth management and insurance consultancy specialist Alpha FMC reported a strong second-half performance in a trading update on Thursday, citing positive conditions and ongoing global client demand.

Read more
9 Mar 2023 12:19

LONDON MARKET MIDDAY: Powell comments continue to sour mood

(Alliance News) - Stock prices in London were firmly lower at midday on Thursday, as a slew of disappointing corporate earnings weighed on already fragile markets, still reeling from hawkish comments from US Federal Reserve Chair Jerome Powell.

Read more
9 Mar 2023 11:57

IN BRIEF: Alpha Financial expects annual results ahead of market view

Alpha Financial Markets Consulting PLC - London-based asset management consultancy firm - Says it is "delighted" with its continuing strong performance and now expects to report full-year results ending on March 31 to be "significantly" ahead of current market expectations, which it did not specify. Explains that positive trading conditions in the second half of 2022 and ongoing client demand have allowed it to deliver double-digit organic net fee income growth compared to the prior year. Adjusted earnings before interest, tax, depreciation, and amortization have grown as well, it says, with margins remaining consistent.

Read more
9 Mar 2023 08:54

LONDON MARKET OPEN: Mining stocks, rates worries weigh on stocks

(Alliance News) - Stock prices in London opened in the red on Thursday morning as investors continued to fret over of the prospect of rising interest rates globally.

Read more
9 Mar 2023 07:52

LONDON BRIEFING: Aviva announces buyback; Entain profit drops

(Alliance News) - With the US weekly unemployment claims report in focus, stocks in London were set to open lower on Thursday morning.

Read more
29 Nov 2022 09:54

LONDON BROKER RATINGS: UBS raises Spirax-Sarco and cuts Halma

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
23 Nov 2022 10:13

Berenberg raises target price on Alpha FMC

(Sharecast News) - Analysts at Berenberg raised their target price on specialist consultancy services provider Alpha Financial Markets from 480.0p to 530.0p on Wednesday following the group's interim results.

Read more
23 Nov 2022 10:09

LONDON BROKER RATINGS: Numis cuts De La Rue; BoA raises Severn Trent

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account