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ALGW Alpha Growth Plc

1.70
-0.10 (-5.56%)
01 May 2024 - 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
  -0.10 -5.56% 1.70 9,614,301 12:40:41
Bid Price Offer Price High Price Low Price Open Price
1.60 1.80 2.20 1.70 1.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 7.88M 3.18M 0.0068 2.50 7.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:52 O 11,891 1.685 GBX

Alpha Growth (ALGW) Latest News

Alpha Growth (ALGW) Discussions and Chat

Alpha Growth Forums and Chat

Date Time Title Posts
01/5/202415:20ALGW - Longevity Assets Investment Specialist - Could 100x bag3,327
01/5/202410:35Alpha Growth Lift Off5,918
22/12/202109:36Multibagger?3
19/12/202123:02Proactive replace VOX52
02/9/202120:47Yesterday's exciting update 20

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Alpha Growth (ALGW) Top Chat Posts

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Posted at 01/5/2024 09:20 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 1.80p.
Alpha Growth currently has 467,775,068 shares in issue. The market capitalisation of Alpha Growth is £7,952,176.
Alpha Growth has a price to earnings ratio (PE ratio) of 2.50.
This morning ALGW shares opened at 1.85p
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 23:19 by baghdaddy2018
I'm really pleased with the annuals today. Lots of good things in there and some that I don't think the market has noticed as yet. Cash in the bank is the obvious one meaning the risk of future dilution is pretty much non existent now. No director options awarded this year, again removes potential for future dilution. Lots of target opportunities identified and discussions happening. 2b strategy ongoing and I think they'll meet that $2 billion by 2025 target which means there'll be significant newsflow over the coming 7 months. When that's achieved (or even exceeded) the mcap will be multiples of where it is now.
What I don't think has been picked up on which is highly significant is the major shareholder list. All of the previously known TR1 holders continue to hold but there are 2 new names on the list who for whatever reason haven't officially made the TR1 notification their holdings remove another chunk of the free float. The price rose 50% today on the back of just over 5 million volume. Today has put ALGW back on the radar, had the rns been released at 7am I suspect the close would have been above 2p.
I suspect there'll be significant interest over the coming sessions and the share price will continue to rise to what will be a more realistic level.
Posted at 30/4/2024 21:26 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."
Posted at 30/4/2024 19:52 by cevodniya
Beatme1, here you go again.
Obviously with your incredible ability to predict share movements 15 1/2 hours into the future, you must be wealthier than Warren Buffet.
A sharp rise always leads to a frothy share price as day traders jump on board and sell as their quick 10/20/40% is achieved.
People who know about a company hold long term, but you are more successful than Buffet and obviously have you own trading strategy.
I wish you well with your short position tomorrow but something tells me, you haven't opened one.
Posted at 30/4/2024 17:50 by 7rademark
The problem is many people do not set rns alerts. There's plenty of apps. They only notice when the share price is heavily up. I've put a few k in and will let it ride. If it dips tomorrow I may add but I really think algw will return a more than decent profit. The sector is slow burning and its taken plenty of time hence the boredom selling.
Posted at 12/3/2024 13:52 by trade2023uk
Raydaar is 40% down on his investment, guess how I know? Weird that he's not hoovering up stock at 1p isn't it? Run out of pennies. When the raise comes, i will be the first to post, i told you so :)
I only posted three bits of information and two have been correct.

1/No business announcements/acquisitions in 2023 - DONE
2/ The share price would hit 1p - DONE
3/ Significant raise in 2024 - Lets see

Don't let the scum convince you otherwise. They cant get out if you don't pump.
Posted at 07/3/2024 14:04 by trade2023uk
There is another website LSE and there are two profiles i have been paying particular attention to called Raydaar and MartiniGirl. Two highly toxic profiles in my opinion who shout down anyone that disagrees or attacks Alpha Growth.
My comments were deleted as well as others who try and paint a true picture of this company. I wrote a post to say that there would be no company progress in 2023 and the share price would hit 1p and a raise in 2024 to get the company to its target of 2 bill by 2025. This is highly accurate information i had and wanted to share, and yet the post was removed and i was blocked. This is absolutely a life style company, and Gobvind is enjoying his fat salary in his new life in the sun. Look out for his relocation costs, listed in the accounts next year. As regards to the toxic profiles i have mentioned, these guys are the scum that want you to pump your money into this stagnant business so they can to get there money out. FYI they are heavily underwater with this share. It stinks of desperation, please be careful.
Posted at 29/9/2023 17:24 by neilyb675
We expect our cash flow to improve, and we continue to believe that we will not require a placing of shares, unless it is for strategic acquisition and growth purposes.

We continue to advance our buy and build strategy to ensure continued and substantive ongoing growth of the business. We continue to be presented with and review potential acquisitions that are both complementary and supplementary to its existing businesses which will further enhance free cash flow and move us close to executing the 2B plan. To this end, the appointment of Jason Sutherland as a full-time executive has greatly enhanced our ability to identify and undertake due diligence on potential targets.

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.

I would like to take this opportunity to thank the shareholders for their continued support as we build Alpha Growth into a significant organisation within its sector.

Gobind Sahney

Chairman

29 September 2023
Posted at 22/3/2023 16:51 by juniperberry1
Please don’t listen to this Baghdaddy73, who goes by the name of Raydaar on LSE. This guy along with another loser called Martinigirl have been peddling ALGW for months and months. He has been talking share price prices in excess of 5p and 6p that he expected in January 2023, when others said rightly stated that the company have no news to come and for 2023 and the share price for ALGW will be around 2p. Guess who’s right? BEWARE these idiots and tread carefully. There is no money to be made here in 2023.Brokers note, two acquisitions all did nothing to move the share price and with negative accounts due again, a further drop in share price is predicted for 2023.
Posted at 13/2/2023 16:16 by cevodniya
cszjrh2, I agree entirely and obviously the recent broker update valued the share price at multiples of current price.
Why the share price is at current values is beyond me.
If and under current asset attainment, AUM by 2025 is $2,000,000 or more and the company gets an approach, which is likely once those AUM's are achieved, what price the share price then, with of course the additional bonus on top of the prevailing share price at the time?
Alpha Growth share price data is direct from the London Stock Exchange

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