Alpha FMC underpinned by pipeline of new business - Proactive Research
Group is "well-positioned" to meet its growth objectives
Company
LON:AFM
Alpha Financial Markets Consulting PLC is a leading global consultancy to the financial services industry. The company combines highly specialist, sector-focused management consulting and technology expertise to support the client transformation lifecycle. Founded in 2003, it now has over 1,000 consultants across North America, UK, Europe, MENA and APAC.
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Group is "well-positioned" to meet its growth objectives
The provider of consultancy services to the asset management, wealth management and insurance industries reported earnings growth as margins remained stable
Given the less certain macroeconomic outlook, the broker has limited its upgrades at this point and kept forecasts largely unchanged
"Alpha's performance over the past year has been nothing short of outstanding," said Ken Fry, Alpha's chair
Alpha raised expectations for the financial year just ended and while there is understandable caution about this year, Berenberg says the company has plenty of cash to deploy
The financial industry consultancy said it continued to deliver strong sales wins and grew its opportunity pipeline through the year
"The ESG & Responsible Investment practice has been well received by clients"
Interim results are set to be announced on 24 November
"We look forward to the future with confidence as the business continues to grow and we explore new revenue streams," said Euan Fraser, the global chief executive officer of Alpha
Alpha Financial is paying up to US$90mln (£63.8mln) in a mixture of cash and shares for Lionpoint
Alpha Financial Markets Consulting PLC is a global provider of specialist consultancy services to the asset and wealth management industry
Analysts raised the target price and expect "many more" upgrades over the next few years as Alpha plans to double in size
“Whilst the COVID-19 situation is ongoing, the financial year ends with strong trading across our markets and with a good new business pipeline"
Founded in 2003, the company provides specialist consultancy services to the asset and wealth management world, as well as third-party administrators
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It is a busy week for UK small caps reporting September interims this week while the US is beginning to wind down for 2020 with the Thanksgiving holiday on Thursday.
Investments and investor services
The UK blue-chip share index finished up around four points at 7,218
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Budget airline easyJet is expected to exit the FTSE 100 index after the latest quarterly review, while JD Sports is seen taking its place among the blue-chips
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Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.