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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alpha Growth Plc | ALGW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.85 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.85 | 1.85 | 1.85 | 1.85 | 1.85 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 17/5/2024 07:51 by baghdaddy2018 Alpha Growth PLC - Acquisition Insurance Services Company #ALGW @algwplc hxxps://www.voxmarke |
Posted at 09/5/2024 19:59 by baghdaddy2018 Smelly, it's quite easily achievable within the time frame, these assets are available for purchase at bargain prices. $1 million has been buying them an equivalent $70 million in AUM so the $1.4 billion required to breach the $2 billion target would only cost ALGW circa $20 million. I said when the first announced the 2B plan that their target was Conservative and I still believe it to be so |
Posted at 09/5/2024 13:16 by 7rademark If cash is 20m then the current mcap is half cash. I think that was obvious. I'll stay thanks. If your so clever then post your views on how the cash has gone from 200k to 7.4m so quickly and perhaps inform the board of the total debt paid down by algw. |
Posted at 09/5/2024 12:18 by 7rademark As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).That's 2.47m profit a month from Sept 23 to Dec 23. Assuming these profits have stayed the same (they have almost certainly increased) by the EO may 24 Algw could be sat on cash at 19.78m half the current mcap. |
Posted at 08/5/2024 16:19 by 7rademark September 23. Algw reported cash and equivalents of 218k. |
Posted at 07/5/2024 17:46 by cevodniya qsmelly456, I love you man, you are a fantastic chartist and I follow you on all your threads.You are deramping ALGW and obviously making a fortune shorting this stock. Man you are my hero |
Posted at 07/5/2024 10:25 by 7rademark Regulation and policy meant a slow start. I've been waiting for the recent rns as it proves the model. Algw are split into 5 companies each compliment the others. Make no mistake algw will be a cash machine for shareholders imo. |
Posted at 03/5/2024 12:10 by 7rademark Always takes a while for the news to be absorbed. ALGW could well be one of the top performing shares of 2024/2025. The sector does not attract alot of interest as buyers like to waste their money on pharmaceuticals and dodgy miners who never achieve but ALGW is making cash and very quickly. Buy. |
Posted at 01/5/2024 07:32 by 7rademark With 2 bln in assets algw will be awash with cash. The assets they control are a slow burn to build and then snowball. I think algw should have updated the market sooner but I suppose they expect shareholders to know the nature of the busines. |
Posted at 30/4/2024 21:26 by sharetalk ALPHA GROWTHWebsite: - 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...de 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&rdq ...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." |
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