Good morning!
Welcome back after the long weekend. The political noise in the background is very loud, but we will crack on with a look at companies:
AFH Financial (OFEX:AFHP)Ramsdens Holdings (LON:RFX)Hipgnosis Songs Fund (LON:SONG)Goals Soccer Centres (LON:GOAL)Altitude (LON:ALT)Renold (LON:RNO)Albert Technologies (LON:ALB)
AFH Financial (OFEX:AFHP)
Share price: 335.3p (+8%)No. of shares: 42.6 millionMarket cap: £143 millionHalf-year report
This is an ambitious financial stock, looking to achieve funds under management (FuM) of £10 billion within a 3-5 year timeframe. FuM are currently £5.4 billion.
It has several hundred IFAs working for it, and describes itself as:
“an IFA business acting as gate keeper to the wealth management sector through its primary position in the client relationship”
Most of the gain in FuM in H1 was from acquisitions, with only about 20% representing organic inflows.
The main theme with…
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