Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the 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: 405.00
Bid: 400.00
Ask: 410.00
Change: -4.00 (-0.98%)
Spread: 10.00 (2.50%)
Open: 405.00
High: 408.00
Low: 402.50
Prev. Close: 409.00
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
5 Jun 2019 10:09

Alpha Financial Markets Hikes Annual Payout As Profit, Revenue Surge

LONDON (Alliance News) - Specialist asset management consultancy firm Alpha Financial Markets Consulting PLC hiked its dividend Wednesday after profit and revenue both jumped in a performance a to

Read more
5 Jun 2019 08:13

Alpha FMC raises full-year dividend following 'strong growth'

(Sharecast News) - British consulting company Alpha FMC saw both revenues and earnings move ahead in its last trading year, leading it to up its full-year dividend on Wednesday.

Read more
29 May 2019 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 30 May Johnson MattheyFull Year ResultsFirstgroupFull Year Property Investment 3

Read more
11 Apr 2019 13:47

Alpha FMC reports 'exciting potential' and expects to outperform last year

(Sharecast News) - Alpha Financial Markets Consulting reported that both revenue and adjusted EBITDA are expected to be ahead of the last financial year and in-line with current full year market expectations in its pre-close trading update on Thursday.

Read more
11 Apr 2019 13:06

Alpha Financial Markets To Report Annual Earnings In Line With Views

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC on Thursday said it has made further progress in its financial year that ended on March 31 as it continues to expand its consultancy

Read more
11 Apr 2019 11:58

Thursday broker round-up

(Sharecast News) - Ocado: HSBC downgrades to reduce with a target price of 900p.

Read more
30 Nov 2018 16:06

Director dealings: Alpha Financial chief executive lowers stake

(Sharecast News) - Alpha Financial Markets chief executive Euan Fraser disposed of 678,040 ordinary shares in the AIM-listed asset and wealth management consultant.

Read more
30 Nov 2018 13:08

DIRECTOR DEALINGS: Alpha Financial CEO Sells GBP1.5 Million In Shares

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC on Friday said Global Chief Executive Officer Euan Fraser disposed shares in the consultancy services provider.In a on Fraser

Read more
21 Nov 2018 10:34

Alpha FMC Swings To Interim Profit On Strong Revenue Growth

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC on Wednesday reported a swing to an interim profit on increased revenue, leading to a bigger payout.For the six months to 30,

Read more
21 Nov 2018 08:05

Alpha Financial Markets' earnings boosted by improved revenues and cash conversion

(Sharecast News) - Wealth management consultancy Alpha Financial Markets saw earnings get a boost from improved revenues and a significantly improved cash conversion throughout the first half of its trading year.

Read more
6 Nov 2018 16:48

Jupiter Asset Management Rises Stake In Alpha Financial Markets (ALLISS)

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC on Tuesday said Jupiter Asset Management Ltd upped its stake in the wealth management company.In a transaction on Monday, its

Read more
26 Oct 2018 12:40

Jupiter Asset Management Cuts Alpha Financial Markets Stake Below 5% (ALLISS)

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC said Friday that Jupiter Asset Management Ltd had decreased its stake in the wealth and asset management consultancy to below 5% a a

Read more
11 Oct 2018 12:14

Alpha Financial Expects Rise In Interim Revenue, Adjusted Earnings

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC said Thursday it expects revenue and earnings for the first half of its financial year to be "considerably the six months ended

Read more
11 Oct 2018 09:34

Alpha Financial expects 'considerable' earnings beat

(Sharecast News) - Alpha Financial Markets said it expected both revenue and adjusted EBITDA to come in "considerably ahead" of last year, after a half year of progress for the asset and wealth management industry consultant.

Read more
6 Jul 2018 10:49

Jupiter Asset Management Ups Interest In Alpha Financial Markets (ALLISS)

LONDON (Alliance News) - Alpha Financial Markets Consulting PLC on Friday said Jupiter Asset Management Ltd upped its holding in the consulting company.In a transaction on Wednesday, its to

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

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