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ALGW Alpha Growth Plc

1.50
0.00 (0.00%)
17 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Growth Plc LSE:ALGW London Ordinary Share GB00BYWKBC49 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.50 1,899,494 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.40 1.60 1.50 1.50 1.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 5.21M -1.36M -0.0029 -5.17 7.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:11:15 O 32,500 1.598 GBX

Alpha Growth (ALGW) Latest News

Alpha Growth (ALGW) Discussions and Chat

Alpha Growth Forums and Chat

Date Time Title Posts
17/1/202509:25Alpha Growth Lift Off6,221
16/1/202515:49ALGW - Longevity Assets Investment Specialist - Could 100x bag3,645
22/12/202109:36Multibagger?3
19/12/202123:02Proactive replace VOX52
02/9/202119:47Yesterday's exciting update 20

Add a New Thread

Alpha Growth (ALGW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-17 16:11:161.6032,500519.35O
2025-01-17 16:07:571.5824,050379.99O
2025-01-17 15:23:571.47492,8627,228.31O
2025-01-17 15:09:191.58607,7569,629.89O
2025-01-17 14:50:091.52327,5224,970.15O

Alpha Growth (ALGW) Top Chat Posts

Top Posts
Posted at 17/1/2025 08:20 by Alpha Growth Daily Update
Alpha Growth Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker ALGW. The last closing price for Alpha Growth was 1.50p.
Alpha Growth currently has 467,775,068 shares in issue. The market capitalisation of Alpha Growth is £7,016,626.
Alpha Growth has a price to earnings ratio (PE ratio) of -5.17.
This morning ALGW shares opened at 1.50p
Posted at 17/1/2025 09:25 by qsmeily456
How about I buy some algw hold them for 5 years as an investment strategy eh?

And then when the real facts are laid out i just complain about you telling me for my own good lol

Auditors sacked Algw

No new auditors are likely to touch them and it's going to be hard to find decent ones for such a complex multi territory firm.

Then there's not being totally transparent about what happened.

Then there's AUM not achieved 70% to go with 1 year left.

Poor comms poor pr poor shareholder relations.

Expenses rise 300% and this business is on very thin margins.

A slight swing can wipe any profits
Posted at 16/1/2025 19:13 by qsmeily456
We can Gary

Price: 1.50

How about I buy some algw hold them for 5 years as an investment strategy eh?

And then when the real facts are laid out i just complain about you telling me for my own good lol

Auditors sacked Algw

No new auditors are likely to touch them and it's going to be hard to find decent ones for such a complex multi territory firm.

Then there's not being totally transparent about what happened.

Then there's AUM not achieved 70% to go with 1 year left.

Poor comms poor pr poor shareholder relations.

Expenses rise 300% and this business is on very thin margins.

A slight swing can wipe any profits
Posted at 16/1/2025 15:49 by qsmeily456
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sharetalk 24 Jul '20 - 19:03
0 16 1


Charts


News
23/12/2024 16:03 LSEG_RNS Alpha Growth PLC New Accounting Reference Date


ALPHA GROWTH

Website:

- Company mission to build a resilient financial future through life insurance-linked wealth and unique asset management solutions for individuals, family offices & institutions.
- Offices in the UK, USA & Bermuda.
- Led by experts in finance and insurance.
- Listed on London Stock Exchange (ALGW) & OTCQB (ALPGF).

- Alpha Growth Management: registered investment manager of registered fund.
- Alpha International Life Assurance: provides unit linked life assurance policies.
- Alpha Longevity Management: registered investment manager of private life settlement fund.
- Providance Life Assurance Company: provides private placement life insurance.
- Havelet Assignment Company: manages litigation settlement funds for claimants & attorneys.


KEY QUOTE

- 12/11/2018, Vox Markets Interview (Daniel Swick, ALGW):

"I think the ultimate goal, which I think about on a regular basis, is where we get to a point where we have a market cap in excess of $100 million"


NEWS

30/4/2024 - Annual Report for Yr to 31/12/2023:

- Chairman's Statement (pg 2-3):

"As at 31 Dec 2023, the Group held a very healthy £7,420,418 within bank accounts, excluding amounts held within life policies...KPIs...demonstrated stability following the acquisitions at the end of 2022. The assets under administration and management stood at $619 million, a small advance towards our $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements stood at £2.7 million.

In further positive news, the Company has repaid its borrowings and is now debt free.

Following the acquisition of Alpha International Life towards the end of 2022, the short-term cash needs of the Company have become significantly more manageable and this puts the Company in the position to self-finance its own operations. The Company does not expect to have to raise any additional equity capital as it progresses towards its previously communicated strategy of managing over $2bn of assets in 2025. Each of AILAC and PLAC successfully obtained a credit rating during the year and accordingly one of these entities is expected to be the vehicle used to finance acquisitions, if finance is required.

Our path forward includes adding to Alpha’s core management team in the positions of fund and life insurance marketing. We are encouraged by independent feedback in the industry of the life insurance linked wealth management “ecosystem” we have assembled. The updated Alpha website (www.algwplc.com) has received many compliments regarding how it explains the “ecosystem” we are building. The Directors believe that this recognition will eventually be reflected in our market value as a global audience is exposed to Alpha.

...Directors have maintained a lean operating structure and will continue to do so until value can be achieved with additional team members...

As we advance our build strategy, we maintain an ongoing assessment of buy opportunities within both the fund and life insurance segments. While certain anticipated opportunities have yet to materialize due to factors like rising interest rates and political tensions in Europe, we remain optimistic and currently have a robust pipeline of targets to evaluate, each holding the potential to significantly enhance both our revenue and assets under management. Updates regarding this will be delivered in due course.

...our share price performance has been impacted by current market conditions. The Directors firmly believe there exists a notable disparity between our current market capitalization and the genuine value of the company and its assets....confident that our value creation strategy will start to reflect in the share price as we continue to achieve our stated goals. Additionally, they anticipate a resurgence in investor interest in smaller companies, further bolstering our position and providing significant shareholder returns."


- Large Shareholders (pg 5):

- Mark Ward = 113,087,803 (24%)
- Hargreaves Lansdown Asset Mngt = 91,859,128 (20%)
- abdn plc = 24,148,239 (5%)
- Roy Rawlins = 22,571.477 (5%)
- Private Stakeholders (UK) = 22,257,544 (5%)
- Lloyds Banking Gp = 20,550,153 (4%)
- James Sampson = 19,494,882 (4%)
- AJ Bell Gp = 18,259,673 (4%)
- AN Minto = 16,792,500 (4%)
- Marcus Alder = 14,147,096 (3%)

- Total above = 78%


- Going Concern (pg 8):

"As at 31 Dec 2023 the Group had a cash balance (excluding amounts with unit-linked insurance policies) of £7,420,418...and net current assets of £3,461,432...The Group has no material debt other than amounts borrowed to finance policy holder loans, which are backed by the assets in the life policies.

...With the issue of a new $20 million life policy in Dec 2023, a significant inflow into the Alpha Alternatives Fund and a new sub-lease of the office in California, the Group is projecting to be cash neutral from the start of the year and there are several ongoing projects any one of which, if they achieve are successful, will result in the Group becoming cash flow positive. In the mean time the Group paid off its short term loan during the past year, generated significant profits on the termination of the sub-lease and generally was in a position to improve its record on timely payment of creditors."


13/12/2023, KBRA investment grade strength rating for Alpha International Life Assurance Company (Guernsey) Ltd:

- BBB- Insurance Financial Strength Rating (IFSR) assigned to Alpha International Life Assurance Ltd. (AILAC) with a Stable outlook rating.

- Strength rating considered investment grade & positions AILAC for new unit linked life insurance product launches in 2024.

- AILAC offers long-term life insurance linked savings accounts & portfolio bond type life policies to policyholders.


29/9/2023, Interim Results for 6 Months to 30/6/2023:

- 53% increase in revenues compared to equivalent period.
- Net assets more than doubled compared to net assets at 30/6/2022.
- Continued progress on integrating insurance businesses with opportunities to enhance profitability.
- Bought out minority interests in Northstar Group (Bermuda) Ltd, whilst further aligning interests of Dan Gray with the Group through share-to-share exchange.
- Released share-based payment reserves following expiry of 25m options attributable to former directors & employees.

- "We expect our cash flow to improve, & we continue to believe that we will not require a placing of shares...We continue to advance our buy & build strategy to ensure continued & substantive ongoing growth of the business. We continue to be presented with & review potential acquisitions...both complementary & supplementary to its existing businesses which will further enhance free cash flow & move us close to executing the 2B plan...Our strategy continues to insulate us from a lot of the volatility in capital markets although we appreciate that our share price performance continues to disappoint. The Directors firmly believe that the value creation strategy will feed through to the share price as the Company looks to continue to deliver on their stated goals."

......................................................................

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QsmeIly45626 Dec '24 - 02:06 - 3641 of 3644 Edit
0 0 1
💩 always sinks eventually and my 🩳🩳 r on 🔥

Like most things with this piece of gob💩 they keep putting back dates 2🤣🤣🤣

By 2025 AUM MISSED

Now IN 2025
Sharekitchen197413 Jan '25 - 15:38 - 3642 of 3644
0 1 0
It seems like a 1 man campaign to destroy a company, perhaps get sone help or see a counsellor. A normal person with this amount of grievance would contact the company via phone or email
QsmeIly45616 Jan '25 - 02:55 - 3643 of 3644 Edit
0 0 0
SHAREKITCHEN1974 ... the 🐘💩

As if 1 poster could "destroy" a company.....u really are super stupid and lack basic intelligence.

Add to that I'm not paddyboy or jambalaya or any other poster on advfn

The Analyser LSEtalks total sense

Alma

Alpha financial reporting is very poor.

The FRC made then restate 2022 accounts due to not properly consolidating their insurance subsidiaries.

In 2023 PKF have disclaimed their opinion and resigned as auditors because management failed to prove that not adopting a new accounting standard applicable to Insurance Contracts had no material impact even though it applied to most of the contracts issued by Providence Life their largest subsidiary. The new standard had been in discussion for over a decade so Alpha had plenty of time to prepare for its implementation but clearly didn’t bother to do the work and simply tried to ignore the issue.

There is no way they would get a proper US listing with 2023 accounts effectively having no audit opinion.

Poor governance for a group which owns regulated insurance operations in Bermuda and Guernsey.

It won’t end well.

Paddyboy

Posts: 174

Price: 1.40

No Opinion

RE: 2025Today 15:47
It’s curtains. No auditor will touch this .
Posted at 15/1/2025 15:13 by qsmeily456
More sells today

News soon Steve who couldn't even predict his birthday.

Shame you stated it was all coming together at 1.9 2 and 2.4p.

Guess i was the only accurate 1 with 1.7 1.2p.

As for fact.........the auditors sacked algw and their letter is enlightening.

It won't be easy to get new auditors and that's probably why the accounts have been delayed.

The BOD have been economic with the truth or indeed updates.

Shareholders appear to be unimportant unless they are diluting to raise cash then there's loads of RNS's.

Share price is heading to base support of around 1p.

The sizeable 1mil 500 250 sells keep on coming with sellers taking 1.4 and less so they probably are realising this is going sub 1p.

A well signposted and deserved drop.

Brilliant share to short 2.4p lol
Posted at 13/1/2025 15:18 by qsmeily456
Err laughable

Missed the 2025 target

Auditors resign never good

Gobind only owns 1.5% of the companies shares.

No PR NO COMMS

Expenses almost treble 300%

Share price less than it was 5 yes 5 years ago

Stupid is as stupid does if you bought into this pile 🤣
Posted at 09/1/2025 08:24 by qsmeily456
From the LSE RAMPERS Contolled thread

BEWARE there's a pack of controlling rampers on LSE

SINGOD, STEVE8196 and cszjrh01


Ah News soon Steve banning posts and giving it large

You couldn't predict your own birthday and as you see posts zero value add

Wow.....amazing you rampers trying to control the narrative by banning posts

How about you add the questions and issues?

Why does your CEO ONLY own 1.5% of these shares?

Has to be a MASSIVE red flag.

Probably explains why the share price is less now than it was 5 years ago
Posted at 01/1/2025 11:52 by qsmeily456
Top 10 ALGW Shareholders

hxxps://uk.marketscreener.com/quote/stock/ALPHA-GROWTH-PLC-39085196/company-shareholders/

Mark Ward owns nearly quarter of the company

Gobind has only 1.5% which probably explains why he does not give a fig about the share price

With so little skin in the game this must be a MASSIVE 🚩 for any potential investors.

There's no way they are going to be working for shareholders and that's born out by reality.

The share price 5 FIVE years ago was higher than it is now.
Posted at 24/8/2024 07:57 by cevodniya
Qsmelly456.
Ok, I've just checked my holdings
I've 2007632 in my Sipp
I've 315125 in a SIPP
4538412 in a share account.
Total 6861169.
So , not a liar and I'm not a ramper, simply stating facts.
I'm not a whale, I'm a minnow.
Nothing I say can possibly affect the share price
The company is controlled by a number of high holding individuals.
Simple as.
But let's turn to you.
You are obviously emotional, you believe people lie to you!
Why, what purpose would that have, what would it achieve?
Ramping!
There isn't 1 individual that could influence this share price on this thread.
Why do you deramp Alpha Growth Plc so much?
What's your gripe?
It's emotional, are you in therapy, is this your therapy thread?
Please explain!
Posted at 13/8/2024 23:09 by qsmeily456
Here's 🐂💩

There's no guarantee the share price WILL double or indeed cash will double.

And £14m cash.....to buy over £1000mil new business 🤣🤣🤣 by 2025 🫨🤣🤣🐂 8169;


7rademark

13 Aug '24 - 15:49 - 3607 of 3608
0 2 0
.... if they announce 14m in cash on the next update and i think they will then the share price will double......
Posted at 30/4/2024 20:26 by sharetalk
ALPHA GROWTH

Website:

- Company mission to build a resilient financial future through life insurance-linked wealth and unique asset management solutions for individuals, family offices & institutions.
- Offices in the UK, USA & Bermuda.
- Led by experts in finance and insurance.
- Listed on London Stock Exchange (ALGW) & OTCQB (ALPGF).

- Alpha Growth Management: registered investment manager of registered fund.
- Alpha International Life Assurance: provides unit linked life assurance policies.
- Alpha Longevity Management: registered investment manager of private life settlement fund.
- Providance Life Assurance Company: provides private placement life insurance.
- Havelet Assignment Company: manages litigation settlement funds for claimants & attorneys.


KEY QUOTE

- 12/11/2018, Vox Markets Interview (Daniel Swick, ALGW):

"I think the ultimate goal, which I think about on a regular basis, is where we get to a point where we have a market cap in excess of $100 million"


NEWS

30/4/2024 - Annual Report for Yr to 31/12/2023:

- Chairman's Statement (pg 2-3):

"As at 31 Dec 2023, the Group held a very healthy £7,420,418 within bank accounts,
excluding amounts held within life policies...KPIs...demonstrated stability following the acquisitions at the end of 2022. The assets under administration and management stood at $619 million, a small advance towards our $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements stood at £2.7 million.

In further positive news, the Company has repaid its borrowings and is now debt free.

Following the acquisition of Alpha International Life towards the end of 2022, the short-term cash needs of the Company have become significantly more manageable and this puts the Company in the position to self-finance its own operations. The Company does not expect to have to raise any additional equity capital as it progresses towards its previously communicated strategy of managing over $2bn of assets in 2025. Each of AILAC and PLAC successfully obtained a credit rating during the year and accordingly one of these entities is expected to be the vehicle used to finance acquisitions, if finance is required.

Our path forward includes adding to Alpha’s core management team in the positions of fund and life insurance marketing. We are encouraged by independent feedback in the industry of the life insurance linked wealth management “ecosystem” we have assembled. The updated Alpha website (www.algwplc.com) has received many compliments regarding how it explains the “ecosystem” we are building. The Directors believe that this recognition will eventually be reflected in our market value as a global audience is exposed to Alpha.

...Directors have maintained a lean operating structure and will continue to do so until value can be achieved with additional team members...

As we advance our build strategy, we maintain an ongoing assessment of buy opportunities within both the fund and life insurance segments. While certain anticipated opportunities have yet to materialize due to factors like rising interest rates and political tensions in Europe, we remain optimistic and currently have a robust pipeline of targets to evaluate, each holding the potential to significantly enhance both our revenue and assets under management. Updates regarding this will be delivered in due course.

...our share price performance has been impacted by current market conditions. The Directors firmly believe there exists a notable disparity between our current market capitalization and the genuine value of the company and its assets....confident that our value creation strategy will start to reflect in the share price as we continue to achieve our stated goals. Additionally, they anticipate a resurgence in investor interest in smaller companies, further bolstering our position and providing significant shareholder returns.


- Large Shareholders (pg 5):

- Mark Ward = 113,087,803 (24%)
- Hargreaves Lansdown Asset Mngt = 91,859,128 (20%)
- abdn plc = 24,148,239 (5%)
- Roy Rawlins = 22,571.477 (5%)
- Private Stakeholders (UK) = 22,257,544 (5%)
- Lloyds Banking Gp = 20,550,153 (4%)
- James Sampson = 19,494,882 (4%)
- AJ Bell Gp = 18,259,673 (4%)
- AN Minto = 16,792,500 (4%)
- Marcus Alder = 14,147,096 (3%)

- Total above = 78%


- Going Concern (pg 8):

As at 31 Dec 2023 the Group had a cash balance (excluding amounts with unit-linked insurance policies) of £7,420,418...and net current assets of £3,461,432...The Group has no material debt other than amounts borrowed to finance policy holder loans, which are backed by the assets in the life policies.

...With the issue of a new $20 million life policy in Dec 2023, a significant inflow into the Alpha Alternatives Fund and a new sub-lease of the office in California, the Group is projecting to be cash neutral from the start of the year and there are several ongoing projects any one of which, if they achieve are successful, will result in the Group becoming cash flow positive. In the mean time the Group paid off its short term loan during the past year, generated significant profits on the termination of the sub-lease and generally was in a position to improve its record on timely payment of creditors."
Alpha Growth share price data is direct from the London Stock Exchange

Alpha Growth Frequently Asked Questions (FAQ)

What is the current Alpha Growth share price?
The current share price of Alpha Growth is 1.50p
How many Alpha Growth shares are in issue?
Alpha Growth has 467,775,068 shares in issue
What is the market cap of Alpha Growth?
The market capitalisation of Alpha Growth is GBP 7.02M
What is the 1 year trading range for Alpha Growth share price?
Alpha Growth has traded in the range of 1.10p to 2.40p during the past year
What is the PE ratio of Alpha Growth?
The price to earnings ratio of Alpha Growth is -5.17
What is the cash to sales ratio of Alpha Growth?
The cash to sales ratio of Alpha Growth is 1.35
What is the reporting currency for Alpha Growth?
Alpha Growth reports financial results in GBP
What is the latest annual turnover for Alpha Growth?
The latest annual turnover of Alpha Growth is GBP 5.21M
What is the latest annual profit for Alpha Growth?
The latest annual profit of Alpha Growth is GBP -1.36M
What is the registered address of Alpha Growth?
The registered address for Alpha Growth is 35 BERKELEY STREET, LONDON, W1J 5BF
What is the Alpha Growth website address?
The website address for Alpha Growth is www.algwplc.com
Which industry sector does Alpha Growth operate in?
Alpha Growth operates in the MANAGEMENT CONSULTING SVCS sector

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