Updates

Alfa Financial

April 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A mix of good and bad news from Alfa. The good was a new software contract with a global equipment manufacturer. The initial three-country rollout qualifies as a “mid tier” deal - or £5-10m implementation but it is global in scope so could get bigger. FY17 saw Alfa record sales up 20% to £87.8m as it benefited from the strong dollar (9% on constant currency) and pretax profit up 162% to £25.9m. Headcount went up from 269 to 329 and five implementations were completed with all continuing into its “ODS” reporting segment (which is basically upgrades to core functionality for those already live on the software but where Alfa gets to keep the IP). This was £21.1m of sale ...

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