Alpha FX Group Plc Releases A Corporate Update

  • The company’s current view is that revenue and underlying operating profit will be approximately close to the same as in FY2019 results.
  • One of its clients requires extension of in order to settle its outstanding dues of £30.2m to the company.
  • The company is focused on maximising the amount of collateral it has in the business at any one time
  • The majority of the company’s positions are well-balanced across its four major traded currencies.
  • On 30th March 2020, at the time of writing, GMT 11:39 AM, AFX shares were trading at GBX 565.00, down by 375 points or 39.89% against the previous day closing price.