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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alpha Group International Plc | LSE:ALPH | London | Ordinary Share | GB00BF1TM596 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
65.00 | 3.54% | 1,900.00 | 1,880.00 | 1,900.00 | 1,890.00 | 1,820.00 | 1,830.00 | 124,069 | 16:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 107.61M | 36.37M | 0.8396 | 22.51 | 818.78M |
Date | Subject | Author | Discuss |
---|---|---|---|
16/5/2014 09:37 | If it did, LTV would be around 90% - 221/245. I'm glad to see that in today's interim report, sale of some of the assets is mentioned. About Time! | hosede | |
14/5/2014 09:57 | It was just a discussion of how companies who had in the past received loans from the banks were now going to other institutions and the banks were becoming less important in the Global Economy. (It also mentioned what was going on China and the problems there.) The shorters are certainly getting the price down today, I wonder if the offer will go below 5p. (I personally think Barclays will make a loan offer.) | mgalle | |
14/5/2014 09:51 | Even so Hosede they are rather desirable properties - Barclays have a reputation for muddling through with companies 'where there is a Will there is a Way' They will not pull the rug if they see a clear exit | 4spiel | |
14/5/2014 08:37 | Mgalle No - is it on line? what in essence did it say? | hosede | |
13/5/2014 19:47 | Hi Hosede did you read the report in the Economist about shadow banking? | mgalle | |
13/5/2014 15:18 | 4spiel I wonder if any bank will be able to refinannce them. The BOE/ECB stress tests are certain to instruct banks to increase their capital hugely, but almost zero is being done. As interest rates rise and defaults mount, I can see most European banks turning their toes up. Ergo the properties will have to be sold under duress. | hosede | |
09/5/2014 08:59 | This is an off the charts punt. However the properties are in a good location and of good calibre tenants Barclays are charging quite a lot to finance them. Will they continue to ? -might there be a more economical re-financer in 2015.I have very little invested here -suggest that's the best option -and remain philosophically positive. | 4spiel | |
26/4/2014 13:22 | Why would they worry over refinancing this lot have managed to turn £1 into 6p since 29.11.2005 and still they are milking ALPH for even more with another 7 year management contract. | wskill | |
26/4/2014 12:51 | All resolutions passed - as you say non event. When is this Co. going to face reality over refinancing | hosede | |
23/4/2014 14:30 | I think you got your wish Senor_sensible. Any one going to the AGM? I think its in Guernsey or Jersey, so I suspect very few do! Probably going to be a non-event then. | mgalle | |
04/4/2014 10:21 | in middle of ISA transfer so drop in price is quite welcome, selfishly hoping for a bit more of a drop - Sorry | senor_sensible | |
27/3/2014 09:09 | Hi Senor-sensible. Wish I had been clever and traded it but things seem to go wrong when I try to be clever. Not gone lower enough to even average down yet and they never got below 5p last time before attracting a big buyer. But I noticed another sell this morning, so they are still trying. Do you know the exact date of the AGM that will be interesting? | mgalle | |
27/3/2014 09:07 | I've very little confidence in this outfit as the NAV erodes at every update. Extortionate interest rates will continue to drag NAV lower. You need a lot of patience with this dog - better value with TEIF,IERE,IERP and SRE. All the best,you'll need it | blackpoolsteve | |
27/3/2014 01:45 | yes, managed to buy back in, sometimes you got to go with the flow and try to profit from what the market offer you. | senor_sensible | |
25/3/2014 08:28 | Senor_sensible, did you buy back in at a good price? I missed it again but it did not really go low enough for me. Unless the sellers are only on a short holiday? | mgalle | |
17/3/2014 13:33 | NB. my sells are showing as buys on ADVFN | hosede | |
17/3/2014 13:04 | A great deal of nervousness around but in essence our new shareholder has spent £400k on these shares so unless he is a complete bozo then he must know something positive about the opportunity here. | red army | |
17/3/2014 12:58 | Well I managed to unload quite a few more well above mid-price this morning so there is certainly at least one buyer out there. Will probably hold the rest until the AGM in April | hosede | |
16/3/2014 11:29 | red army, thanks for your reply. The company is 90% leveraged, so to achieve a leverage ratio of 50% as per your suggestion, it would have to sell around 80% of its portfolio at book value. It would be sub scale, have disproportionately heavy overheads and not at all in good shape, to be thinking of a return to the dividend list is surely premature and way too optimistic. As shown in recent results, asset values have been falling and the results comment on negative annual rental indexation points in the direction of lower valuations still. At this stage I don't see anything positive, but the appearance of Richard peskin is interesting. I will make this my last comment and wish you good luck with it. | flyfisher | |
16/3/2014 09:52 | flyfisher It would be greatly beneficial for the company to urgently sell some stock ie buildings to not only realise the cash and pay down debt but to reduce overheads inc management fees and have say a gearing of 50%. Clearly this would reduce the value of the business but would put it in great shape for the future upturn and possibly return to divi. I have said before it is not rocket science and if it were me that plan to sell would have already been written - it is just a question of executing. At least they can get the "monkey off their back" ie finance and management costs. By doing this they could get the share price more towards 20p with the prospects of a divi. | red army | |
16/3/2014 09:31 | I was joking about the Chinese Shadow Bankers! The European bank is just a suggestion to the management just in case they are listening, which no doubt they are not. As the rents come in Euros it would be better to have the loan in Euros so no currency risk. I was just trying to point out that Alph have so far made no move to panic or do anything about their gearing - they did remove the dividend long before the currency swap had ended. The property is supposed to be high quality unlike at IERE. It was all so set up to be highly geared and appears so far not to be loss making. They have mentioned the refinancing but have not mentioned as far as I know that they believe this will be a very difficult to achieve. (Please ask them at the AGM I cant go.) The stress tests on the banks should be over by the time the refinancing is required in 2015. I could of course be wrong and will leave it to wiser heads to advise us what will happen. Pity we don't have a Gazprom forum to argue about that one. | mgalle | |
15/3/2014 20:49 | mgalle , You suggest that a Chinese shadow banker will step in or a European bank will solve a few problems. Perhaps they will win the lottery twice on the trot as well ! On a serious note, the company will have to raise some capital or acquire an ungeared competitor in order to get to a position where it can refinance. IERE had much lower leverage at around 72% but could not refinance prior to year end. red army, you comment that you can make a case either way. Perhaps you would like to offer an opinion on how it can refinance with such heavy leverage as I don't find the suggestions of mgalle rational. I hold no position in this, but will watch it play out. | flyfisher | |
15/3/2014 18:03 | As a general point, the posters I cannot fathom are those who claim to have no position but still post on a daily basis - certain threads have them (not here) | knigel | |
15/3/2014 16:41 | You can maker a case either way for this one but in essence I remain positive and in my experience fortune often (not always) favours the brave. The only problem that I have with this is that there are too many noses in the trough which has held this company back. | red army | |
15/3/2014 16:36 | I get the impression that some of you are very gleeful when the price falls. This does not seem fit in with the idea you are trying to dump a large holding before 2015. As I said I don't believe that what is said here will affect the share price, selling or buying - will. I think shorting is a legitimate investment technique and shorters are not criminals. The management at Alph don't seem to be putting any for sale signs up on any of their properties. (Although if they can get the full value of the property, I think they should. Yes, I do agree that Barclays will try and rip them off again, and have suggested a European lender would solve a few problems) Maybe Barclays have not made it clear that they will only now refinance 50%? Maybe some Chinese shadow bankers will bail them out? Senor-Sensible has explained that this is a highly leveraged investment trust and was so set up to be. The hedge has now ended and the potential of it causing an unlimited loss for Alpha has past. Wish I had taken advantage of the shenanigans at Volkswagen, though! | mgalle |
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