ADVFN
ADVFN is a UK-incorporated company, which operates global financial information websites for retail investors.
The company has worldwide operations with the majority of its activities based in the UK, the US (via its subsidiary InvestorsHub.com) and Brazil, where it has a joint venture.
ADVFN is listed on the London Stock Exchange’s AIM market (LSE:AFN).[1]
In February 2021, shares in ADVFN PLC rose after it posted a swing to profit for the first half of its current financial year, crediting the improvement to change in its strategy as a result of the pandemic as well as market volatility. [2]
In April 2021, ADVFN's share price practically doubled as bid rumours resurfaced. [3]
ADVFN announced on 5 July 2021 that it expects to report a swing to a pretax profit of at least 1.6 million pounds ($2.2 million) for the fiscal year thanks to higher revenue, and that it is now in a position to start paying dividends.[4][5]
ADVFN won the award for Most Innovative Crypto & Forex Information Provider 2021 at the Corporate Vision Technology Innovator Awards.[6]
History[edit]
The company was established in the last quarter of 1999 and originated as an investment community financial forum. [7][8][9][10]
Co-founded by Clem Chambers[11][12]and Michael Hodges, it was incubated by On-line plc (now Online Blockchain plc) – an incubator and developer of businesses in internet and information-based technologies. Online Blockchain plc currently has a 17.98% holding in ADVFN plc.[13] ADVFN floated on AIM in March 2000.
In 2006, ADVFN acquired InvestorsHub.com, a leading online investment community website in the North American market. Three years later it bought AllIPO, an online IPO trading platform as well as stock brokerages TSCTrade and Throgmorton Street Capital.
Data provision[edit]
Building from its financial forums (bulletin boards), the company expanded to offer stock prices, charts and analysis tools for all major world markets, indices, forex pairs, futures, options, ETFs and covered warrants.[14]
It launched its Follow Feed artificial intelligence stock alert tool in 2016.[15][16]
In the UK, ADVFN was instrumental in bringing data previously only available to institutional investors to the retail market. This includes real-time stock prices and Level 2 data.[17][18][19][20]
Awards programme[edit]
The company launched the ADVFN International Financial Awards in 2015. The awards recognise and celebrate the best of breed products and services from across the financial industry. Award winners include:
References[edit]
- ↑ "ADVFN PLC share price and latest news". The Telegraph.
- ↑ "ADVFN Shares Soar; Confident On Future Growth Amid Swing To Profit". MorningStar.
- ↑ "Small Cap Movers". This Is Money.
- ↑ "ADVFN Expects Swing to FY 2021 Pretax Profit, Will Start Dividends". Market Watch.
- ↑ "ADVFN to pay a maiden dividend". Proactive Investors.
- ↑ "Corporate Vision Awards". Corporate Vision.
- ↑ "ADVFN web community for investors". Investment Week.
- ↑ "Cyberspace, the final frontier for small investors". Financial Times.
- ↑ "Labour's BT plans leave investors nervous". Financial Times.
- ↑ "Coffee Republic founder hits at web campaign". The Guardian.
- ↑ "Clem Chambers". Forbes.
- ↑ "Clem Chambers Explains How Advfn Became A Financial Information Juggernaut". Value Walk. 11 August 2020.
- ↑ "Aim Rule 26". Online Blockchain.
- ↑ Arnold, Glen (21 August 2012). ADVFN introduces Level 2. ISBN 978-0273746898. Search this book on
- ↑ "Five most-followed UK shares revealed: Website says investors seek most information on Lloyds, Barclays, UK Oil & Gas, Sirius Minerals and IQE". This Is Money. 14 September 2019.
- ↑ "ADVFN launches Follow Feed". Financial Times.
- ↑ "Advfn offers free real time stock prices to private investors". Citywire Funds Insider.
- ↑ "Investing Online: Tracking FTSE Real-time Data". Investors Chronicle.
- ↑ "Best Investment Website". Investors Chronicle.
- ↑ "Business Excellence Awards Best Private Investor Website 2020". Acquisition International.
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