Alpha Financial Markets Consulting (AFM)

Alpha Financial Markets Consulting AFM Logo

A UK based consulting company engaged in providing consultancy services to the asset and wealth management industry.

11-Oct-2018 – 224.5p – £227.8m – PER 18.2

Trading Update For The 6 Months To End September 2018 – Comfortable with current FY expectations.

There’s perhaps some value here at this level but not quite enough to tempt me just yet – Neutral for now.

21-Nov-2018 – 209.5p – £212.6m – PER 17.0

Interim Results For The 6 Months To End September 2018 – Revenue up 35%, Adjusted Operating Profit up 45%, EPS up over 20%, the Interim Dividend is up 30% or so – Net Cash of £10.6m. Expects FY to be slightly ahead of expectations.

I am Neutral here but could be tempted at this level – I will keep an eye out for upgrades here.

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