Talk:Alpha Financial Markets Consulting plc

Questions

1. Is the ultimate objective of the company to focus on 1) asset management, wealth management and insurance industries; 2) financial markets industry (as the name of the company suggest); 3) all industries (i.e. an all industry consultancy company); 4) or something else?
2. Thoughts on the section about how the the idea of the company came about?
3. Thoughts on the valuation of the company?
   1. In particular DCF and peers.
4. Thoughts on risk section.
5. Are there any sections that you prefer to move into the Appendix section of the report or to remove entirely (from the report)?
6. The previous report mentions ROCE. Is that something that Alpha wanted/wants to include in the report?
7. How does Alpha's fees compare to its peers? What's the financial markets team size of the peers?
8. Which risks do you prefer?
9. Which offering categories do you prefer?
10. Which offerings do yo prefer?
11. Is consolidation not really one of the factors now?

SWOT Analysis

• Strengths
  • Niche
• Weaknesses
  • Small balance sheet
• Opportunities
  • AI
• Threats
  • AI
  • Intense competition

Other

• The company's medium term goal is to double it size over the four years to November 2024 (from November 2020).
• The asset management, wealth management and insurance markets are influenced by powerful long-term trends, notably the drive for efficiency, fee compression, regulatory change and the growing focus on ESG and responsible investment.
• These trends represent a strong tailwind for the Group and are steadily increasing the relevance and value of its proposition: to provide the best specialist consultancy services for clients wherever in the world they need us.
• The group’s strategic aim to be recognised as the leading global consultancy to the asset management, wealth management and insurance industries.
• Most recent full-year results
  • Profit and loss
    • Revenue
      • Up by 61.1% to £158.0m, including the contribution of Lionpoint.
      • Adjusted EBITDA increased by ccc% to £33.9 million (FY21: £21.7 million).
      • Profit before tax increased by ccc% to £14.9 million (FY21: £9.0 million)
    • Net income
  • Balance sheet
    • Net current assets
    • Cash
    • Net assets
    • Net debt
  • Cash flow
    • CFO
    • CIO
    • CFO
• Most recent interims
  • A more recently launched practice is ESG & Responsible Investment (“ESG & RI”).
  • Acquisition continues to be a key element of the Alpha growth strategy.
  • The Group’s business is strongly cash generative and has a record pipeline of potential new business, while the industry tailwinds that underpin demand for its services remain strong.
  • Continue from page 9 of the annual report (https://alphafmc.com/wp-content/uploads/2022/07/Alpha-Annual-Report-2022-WEB.pdf).