Alpha FX (#AFX) – FY profit “expected to be materially ahead of expectations as a result of the interest rate environment”

Alpha FX (#AFX) – appointment of Tim Powell to succeed retiring CFO Tim Kidd

Alpha FX (#AFX) – H1 EPS +21%, DPS +13%, “trading remains strong”

Alpha FX and the strange world of user reviews – this looks even more fishy: Glassdoor

Yesterday I flagged up how reviews from folks like Alpha FX (AFX) news spinner/turd polisher Josh Royston of Alma PR kept damning customer reviews slating the company off the top slot on google. Now let’s look at the glassdoor reviews which is a site where folks go to see how current and former employees go to say what it is like working at a company. What we see looks extraordinarily odd.

PR man Josh Royston and google reviews for Alpha FX

Reading the top few reviews for Alpha FX (AFX) on Google one is struck by how its customers really do not seem to like it. Luckily to push the bad customer reviews down the pile and make themless read there are newer ones not from customers. Top of the pile, as you can see below, is Josh Royston who just happens to be an employee of Alma PR which is paid to spin for Alpha. Indeed Josh is the Alpha account manager at Alma.  Odd that.

Alpha FX (#AFX) – “H2 2020 revenue across all business divisions growing versus the comparable period in H2 2019”, intends to reinstate a dividend policy at year-end

Alpha FX – following trading warning & placing, “Directorate Change”...

A “Directorate Change” announcement from Alpha FX (AFX) – it following recently both a trading warning and a placing...

Alpha FX – placing… for growth ‘investment’ or to ‘bolster’ cash position?

Alpha FX (AFX) “is pleased to confirm… the group has raised a total of £20 million… at 680 pence per share” – this after the shares had last closed at 695p and an update last week from the company having included “the group has built a strong cash and liquidity position since inception and had a very healthy cash position going into this crisis, with net assets increasing by 18% to £57.6m in FY2019 and significant excess cash which it was yet to deploy”...

Alpha Fx (#AFX) – proposed £20m placing at 680p

Alpha FX – 2020 “preliminary view… broadly close to FY2019”... so why a further 40%+ share price fall?

Shares in self-styled “FX risk management and payments specialist servicing corporates and institutions internationally”, Alpha FX Group (AFX) were already down from 1350p reached in January to 940p – and this also following a results statement just the week before last. Now though a “COVID-19 Trading Update” – and the shares currently 560p!...

Alpha FX (#AFX) – expects 2018 “ahead of market expectations”, to further increase ‘investment’

Alpha FX (#AFX) – current trading “particularly strong”, anticipates FY “ahead of current market expectations”