Market's view on Alfa Fin
Published on April 2024
- Stock watchers noted a positive update from the company, although there was little reaction from the market.
- Some stock watchers expect good results from the company, following a positive update and an increase in share price.
- Stock watchers anticipate a trading update, and some are expecting good news.
- There was a notable increase in trading volume, sparking curiosity among stock watchers.
- Observations were made about most sells actually being buys, suggesting potential undervaluation.
- Concern was expressed over the decline of the company’s share price after refusing a takeover bid of 208p, with suggestions that major shareholders may have a plan.
- A potential cash offer of 208p was pointed out.
- Stock watchers mentioned the company’s share price rally without any evident news, speculating on possible causes like exchange rate movements or end of a negative trend that stemmed from analysts’ negative opinions.
- Questions were raised about the significant recent drop in the company’s share price.
- Stock watchers acknowledged a positive announcement from the company, mentioning encouraging performance momentum and record productivity in March. Discussions about the extra 3p special dividend were also noted.
- Stock watchers noted the RNS indicating a 66% holding in Alfa by CHP Software and Consulting Limited, sparking speculation about a possible takeover.
- The company’s half-year report for the 6 months to June 2021 was discussed, indicating an 8% increase in revenues, a 9% increase in operating profit, a 9% increase in profit before tax, and a 12% increase in diluted EPS. The balance sheet was acknowledged as strong with £50m cash and no debt.
- The company’s report was praised for showing diversified customers, steadily expanding workload with a good margin, and surplus cash leading to another 10p special ex-div.