Alfa Financial Software (ALFA)

Alfa Financial Software ALFA Logo

Developer of Alfa Systems, a mission-critical software platform purpose-built for the asset finance industry

7-Mar-2019 – 123p – £370m – PER 19.7

Results For The 12 Months To End December 2018 – States improved Revenue but I see an IFRS decline of -16% as well as an EPS decline of -45%.

My first coverage but there’s enough here to put me off for now.

16-Sep-2019 – 93p – £280m – PER 14

Trading Update For H1 – Warns FY Profit to be significantly below expectations.

Ouch! I will be avoiding this for some time.

26-Sep-2019 – 79p – £236m – PER 12

Interim Results For The 6 Months To End June 2019 – Revenue down -6%, Profit and EPS down circa -40%.

Remains on my Avoid list for now.

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