Alpha FMC: Record Growth and a Bright Medium-Term Outlook

Alpha Financial Markets Consulting plc (Alpha FMC) recently published its full-year audited results for the fiscal year ended 31 March 2023 (FY23). Alpha FMC is a leading global provider of specialist consultancy services to the asset management, wealth management, and insurance industries. The yea

Alpha FMC Acquisition of Shoreline Consulting

Alpha FMC has completed the acquisition of Shoreline Consulting Pty Ltd and Shoreline Consolidated Pty Ltd (Shoreline), strengthening its position in the asset and wealth management (AWM) sector in the Asia Pacific (APAC) region. The acquisition is expected to be earnings-enhancing in the year endi

Alpha FMC: Results significantly ahead of expectations

Alpha Financial Markets Consulting, the global consultancy to the asset and wealth and insurance sectors, has released an update in regard to its trading. For us, the key highlight of the trading update is that the company said that it expects results for the current financial year (i.e. the 12-mon

Alpha FMC: A unique business with significant growth potential

Quoted on the London Stock Exchange and headquartered in the United Kingdom, Alpha Financial Markets Consulting (FMC) is a company that's on a mission to be the leading, global consultancy to the asset and wealth and insurance sectors. The company's flagship offering is the provision of consultancy

Strong interim results from Alpha FMC

Alpha Financial Markets Consulting (LON:AFM) produced a strong first half performance with net fee income rising by 56.5% to £107mln, driven by particularly strong growth in North America. The performance included a full period contribution from Lionpoint, a provider of specialist consultancy servi

Strong growth dynamics remain in place at Alpha FMC

Alpha Financial Markets Consulting (LON:AFM) has comfortably delivered on its goals since listing on AIM in 2017. It met its original objective of doubling the business a year early in 2020. In spite of the recent financial market turbulence, we believe the group remains well positioned to meet its

Alpha FMC - More of the same

Alpha FMC has issued a pre-close trading statement this morning, ahead of publication of 1H23 results (for the period ending 30 September) expected on 23 November.

Strong annual results from Alpha FMC

Alpha Financial Markets Consulting PLC (LON:AFM) reported a strong set of results for the year ended March. Net fee income surged by 61.1% to £157.8mln, slightly ahead of our forecast of £157.0mln. This reflected strong organic growth of 33.4%, less a 2.1% currency headwind along with a £29.2mln co

Alpha FMC - Still firing on all cylinders

Still firing on all cylinders

Alphamin Resources - Mpama South continues the charge

Excluding an (exceptional) warrant charge, a superprofit tax and deferred tax, post-tax profits in Q421 were within US$0.6m (or 1.3%) of our prior quarterly net profit forecast (US$44.2m) and resulted in a maiden dividend of C$0.03/share for the year. Contained tin production and sales guidance for FY22 remains unchanged at 12,000 tonnes, which is in line with the company’s operational performance in Q122. In addition, Alphamin has also announced the start of development of the Mpama South proje

Elixirr - Outperforming competitors and the global Consulting market

Elixirr offers investors exposure to the long-term growth trends in the global Consulting market (including digitisation and the ongoing technology revolution, demand for innovation, efficiency and specialised expertise) all turbo charged by the group’s ‘challenger’ strategy driving market share gain from a low base. FY 2023 results showed the power of Elixirr’s differentiated model with revenue up +20% and adj. EPS up +22% in a market subdued by global uncertainty. With net cash of £18m, a posi

Morning Note – 22 April 2024

City of London Investment Group (CLIG LN) - 3Q IMS: return to growth

CLIG’s 3Q IMS reveals 5.5% rise in FuM in the first three months to March 2024 to US$10.1 billion. In the quarter performance added US$302m and group net inflows were US$224m.

Hardman & Co Insight: 2023 was an annus horribilis for Quoted UK Infrastructure and Renewable Energy

The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and the key issues, including interest rates, inflation and power prices. As a 31-strong group, its combined market capitalisation is no

LIBERUM: Science Group: The Science of shareholder value

LIBERUM: MindGym: Delivering on the controllables

SP Angel Morning View: Gold prices slide following profit taking as traders look to US data

hVIVO - FY 2023 results, revenue in-line, margin better, future is bright

hVIVO has delivered FY 2023A results in-line with the 30 January 2024 TU, with total customer revenues of £56m, growth of 16% versus 2022A. Other income related to tax credits added another £2.6m. 2024 revenue guidance of £62m has been reiterated, representing 11% growth over 2023A, and ahead of the £60m that we had previously forecast. The company has good visibility with the 2024 figure, with 90% already being covered by the existing orderbook (stands at £80m at the end of 2023), as well as in

Malvern International - Positive results confirm turnaround on track; cash-generative and a strong bid pipeline

A positive trading trajectory for MLVN has continued to emerge strongly in this morning's results, with FY23A revenues standing at £12.2m (FY22A: £6.3m / +79%) and £0.2m PBT profit as against a £1.1m PBT loss the year before (excluding a £94k fair value movement / loan write back). MLVN provides education services including (1) a range of university-related courses for overseas students, (2) adult ELT and (3) summer schools for juniors. MLVN's contract with the University of East London (UEL) st

LIBERUM: The Liberum Leisure Digest: NLW increase - pricing power is key

The Hardman & Co Monthly: April 2024

Feature article: Steady as she goes, but could be better: A review of investment company liquidity since 2016 Liquidity is the lifeblood of equity markets. The measurement of liquid asset availability to a market or company is a way of gauging a market’s health. This article builds on our previous work, which analysed the liquidity data for non-financial trading companies, by applying the same analytical techniques to the investment companies (IC) space. We analyse liquidity for ICs as a whol

Morning Note – 26 March 2024

Anexo Group (ANX LN) - Key Supreme Court Judgement: No cap on non-whiplash compensation

Key ruling sets out the ability to claim compensation for non-whiplash injuries alongside whiplash claims, without the quantum of damages being restricted by the Whiplash Injury Regulations, supporting the Group’s legal services division Bond Turner in pursing the optimal outcome for the claimants it represents.

Avacta Group - AACR update

As pre-announced, Avacta has presented the results of the 3-weekly P1 Arm 1 study of its AVA6000 lead clinical asset, based on the pre|CISION™ drug development platform at the American Association for Cancer Research's annual general meeting. The update does not cover progress on the ongoing 2-weekly dosing study which is underway, and Avacta confirmed current guidance on timing including being on track to begin the dose expansion study in 2H24. There are compelling updates on the progress repor

Allenby Capital: Franchise Brands - Capital Markets Day

A well-attended and successful Capital Markets Day (CMD) was held yesterday with the theme being “unlocking the Group’s maximum potential and financial targets” with presentations by all Group companies and divisions. Financial targets for the Group have been set for the period from FY25 to FY27 which emphasises the growth that the Board believes the Group capable of achieving. We include these targets in our financial model with the proviso that at this early stage they are more indications of