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ALPH Alpha Group International Plc

2,010.00
-20.00 (-0.99%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Group International Plc LSE:ALPH London Ordinary Share GB00BF1TM596 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  -20.00 -0.99% 2,010.00 258,914 16:35:12
Bid Price Offer Price High Price Low Price Open Price
2,010.00 2,030.00 2,035.00 2,010.00 2,035.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 185.96M 88.83M 2.0504 9.85 875.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:03 O 20,000 2,010.00 GBX

Alpha (ALPH) Latest News (2)

Alpha (ALPH) Discussions and Chat

Alpha Forums and Chat

Date Time Title Posts
17/4/202415:34 Alpha Group International PLC180
25/7/201809:52Alpha Pyrenees(ALPH) Ready to climb2,313
29/5/201414:29Alpha Pyrenees - 20105
09/4/201013:03Income from Property.........guessing 6%241
14/8/200918:43Alpha Pyrenees1

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Alpha (ALPH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:41:462,010.0020,000402,000.00O
16:41:372,010.0020,000402,000.00O
16:32:072,010.0025,000502,500.00O
16:15:002,010.0020,000402,000.00O
16:15:002,010.0020,000402,000.00O

Alpha (ALPH) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Alpha Daily Update
Alpha Group International Plc is listed in the Finance Services sector of the London Stock Exchange with ticker ALPH. The last closing price for Alpha was 2,030p.
Alpha currently has 43,321,813 shares in issue. The market capitalisation of Alpha is £875,100,623.
Alpha has a price to earnings ratio (PE ratio) of 9.85.
This morning ALPH shares opened at 2,035p
Posted at 15/4/2024 15:12 by mrscruff
Exponential increases often lead to selling and the formation of a share price peak. However, despite this, no one seems tempted to sell. My intention is to selectively choose the best UK companies to buy and hold, alongside JPMorgan’s US Smaller Company Trust (JUSC). With interest rates pushed out due to the absence of a recession, even the first rate cut appears to be more of a political move. We are likely to remain at higher levels for an extended period, potentially benefiting from strong economies. While there is a longer-term risk of recession, I believe the ‘new normal’ involves sustained higher levels due to inflation. The investment case remains very strong and I hope to buy on substantial pull backs.
Posted at 08/4/2024 10:01 by maddox
At the very least ALPH's move to the Main Market will provide us with a learning opportunity - it doesn't appear to be a frequent event. I can see the logic, and why it should increase demand for the stock - the question is will it move the share price and if so by how much?

Thoughts and experiences - that anyone wishes to share?
Posted at 31/3/2024 10:38 by mrscruff
AllyFish no need to be sorry as this view is backed up by years of theory by John Bogle and the rise of passive investing and EMH. To outperform an index is rare and we have to look deeper from the bottom up and top down yet take on risk. There are more knowledgeable posters than me here on the bottom up analysis, I am more experienced and have data on top down macro and also behavioural science. I also look out for what fund managers have been selling and does it tally with the data as that data can and has changed since the selling stopped. I think ALPH was sold down to front run more aggressive rate cuts that are now expected to result in a new normal rate of interest. ALPH is uniquely positioned to benefit from this new narrative alongside the main market one.
Posted at 29/3/2024 13:27 by philly cheesesteak
How have the buybacks been a headwind? They announced them when shares were trading at £14.80!

Also, just to note that the 2 most recent share scheme from 2022 have the below conditions;

"The gain that an F shareholder could receive is capped through placing a ceiling on the maximum market capitalisation of Alpha of £1,867m. The result of doing so is that the F Shares will be entitled to a pro rata share of the gain in market capitalisation of Alpha between £740m and the market capitalisation ceiling of £1,867m."

"The rate of conversion that the G and H Shares will be regarded as worth, is a pro rata share of the market capitalisation gain of Alpha above a hurdle price of £740m. The gain that a shareholder could receive is capped through placing a ceiling on the maximum market capitalisation of Alpha of £1,867m. The result of doing so is that the G and H Shares will be entitled to a pro rata share of the gain in market capitalisation of Alpha between £740m and the market capitalisation ceiling of £1,867m."

So they don't benefit at all unless the share price is above around £17.20, capped at £43.40. So they is a clear desire to get the share price significantly above current levels
Posted at 25/3/2024 09:36 by maddox
Thanks Mr scruff. Whilst it's highly commendable that ALPH Mgt wish to be measured by underlying performance - this presentation of the figures significantly distorts reality. At period end 23% of the Mkt Cap was accounted for by cash, and on a cash basis ALPH are on a p/e of 9.

ALPH basic eps 206.2p was x3 the Brokers consensus forecast for FY23 (68p)!

So looking to the Brokers consensus eps forecast FY24 of 78p and FY25 90p suggesting that we're currently trading on a forward p/e of 23 for FY24 whereas, my estimates put ALPH on a forward p/e of 8.5.

There is thus huge value hidden in ALPH - the figures are there do the math!

Regards Maddox
Posted at 22/3/2024 00:12 by maddox
It's like ALPH are embarrassed by the interest they are earning, the Profit before tax at £115.9m is greater than their reported revenue £110.4m?!?

So you could present these results....

ALPH's business model provides a natural hedge such that when the economic environment dampens fee income, higher interest rates drive interest income; boosting profits and cash generation.

Group total income rose 73% with FX Risk Management revenue up 10% to £76.3m, Alternative Banking up 18% to £33.9m but primarily driven by Interest Income up 685% to £73m. Accordingly, reported Profit before tax increased 148% to £115.9m and Basic EPS was up 124% to 206.2p. Net cash increased by £64m up 56% to £178.8m (2022: £114.4m).

Whilst this windfall will clearly reduce with the interest rate cycle it will have generated significant cash to enhance the business. Also, it is unlikely that we'll see a return to super-low interest rates and with cash balances growing along with client numbers - it'll continue to be a significant part of the income mix going forward.

So, IMHO having a highly resilient business model that can see you comfortably through a down-turn is a very attractive characteristic.
Posted at 20/3/2024 16:22 by kalai1
Alpha Group International plc posted FY 23 results this morning. Group revenue increased 12% to £110.4m with FX Risk Management revenue up 10% to £76.3m while Alternative Banking revenue was up 18% to £33.9m. Interest on client balances grew to over £73m from £9.3m due to the higher interest rate environment. Underlying profit before tax grew 11% to £43.0m while reported Profit before tax increased 148% to £115.9m accordingly. Reported basic EPS was up 124% to 206.2p. A Final dividend of 12.3 pence per share was proposed making the total final dividend for FY23 16p. A SBB of up to £20m was also initiated in January. The balance sheet remains very strong, debt free with adjusted net cash increasing by £64m to £178.8m. Valuation remains unhelpful with forward PE at 23.6x and PS ratio at 6.55x bottom and 3rd quartile respectively. Share price also lacks positive momentum and is in its 3rd consecutive year of sideways range trading. That being said the share is low in range and moving up on today’s release, and it could generate some short-term upside even while remaining range bound. The share is also well worth knowing about for the longer run. BUY....

...from WealthOracle
Posted at 04/3/2024 15:26 by mrscruff
Is it time to buy ALPH? We all know this one of the brightest prospects in the UK market and this makes it an ideal share for those to take their profit too! They did well. Well done. It can take a while for these sellers to clear. Then we can move on upwards.
Posted at 13/9/2023 13:05 by kalai1
Alpha Group International plc posted unaudited Interims for the HY ended 30th June this morning. Group revenue increased by 20% to £55m, underlying profit before tax was up 9% to £19.6m and on a statutory basis increased 194% to £52.4m. Basic earnings per share was up 163% to 87.8p. The balance sheet remains strong with adjusted net cash increasing 25% in six months to over £142m. Valuation remains something of a headwind with forward PE ratio a 26.1x bottom quartile for the IB&IS sector, the share price also lacks momentum and continues to drift sideways in a 2-year range. The business is solid, profitable and has longer run growth potential, but ALPH remains a share to monitor for the time being...

...from WealthOracle
Posted at 13/8/2023 14:43 by ihatemms
The share price of this company is going to look pretty silly soon because regardless of how this company wants to be measured on EPS the statutory EPS must include interest income. So the statutory EPS this year will be £2 + and next year £3+. The share price anomaly will then stick out like a sore thumb to everyone. Patience is the key here . 1st flag will show when the interim accounts are produced in circa 3 weeks when the statutory EPS for the interims is £1+. Add in the expected update of the main market listing and we could have significant share price movement
Alpha share price data is direct from the London Stock Exchange

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