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Alpha Financial Markets Consulting – argues “well positioned” including to double the business by 2028, but currently not meeting expectations from November!

By Steve Moore | Wednesday 7 February 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Describing itself as “a leading global consultancy to the financial services industry”, Alpha Financial Markets Consulting (AFM) has issued a “trading update” including for its year ending 31st March 2024 “consultant utilisation improved in Q3 close to target levels” and that it “now expects the group to deliver FY 24 results showing net fee income growth of up to 5% against the prior year and adjusted EBITDA of approximately £42m - £43m at a slightly improved margin on the first half… The group also maintains a strong net cash position”. So what of a current share price down more than 8% on the announcement to 340p?
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