| Date | Subject |
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21/7/2021
13:27 | spectoacc: No, it's the CRS NAV releases, where they detail the total holdings (shares + CFD) & usefully state the % of ALM they hold, shares + CFD combined.
So to go back 4 of them:
End-Feb 2021, 20.7% of ALM
End-March 2021 - 21.4%
End-April 2021 - 20.9%
End-May 2021, 20.9%
Due to timing of the sale, end-June NAV (due soon) also likely to report 20.9%, but latest is 18.6%.
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21/7/2021
08:51 | spectoacc: Perhaps trying to hide the fact they sold some - certainly isn't easy to work out from the RNS's, which would imply they'd bought.
But they haven't - they owned c.20.9% of ALM across shares & CFD, now they have c.18.6%, and that's despite small buybacks reducing shares in issue.
1.75m went through on 13th July, that'll be the trade. Too small to find out who took it.
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25/6/2021
09:06 | spectoacc: Interesting goings-on at CRS this morning, RNS well worth reading, activist saying they'll block it continuing as a co at the continuation vote. Isn't clear what happens to CRS's 20% ALM stake, the activist having already shorted ALM in advance. Worth watching.
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24/6/2021
11:16 | buffettjnr: Lol, I'd happily bet that ALM outperforms any of the Cathy Wood's funds over the next 12-18 months.
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24/6/2021
06:47 | spectoacc: Wish I shared your optimism! FW def has the potential to be really decent.
So did Spin.
FW should have been floated or SPAC'd in the boom IMO. We're surely at the tail end of that boom now. ALM could/should have been done & dusted years ago.
One single cash return in all that time.
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23/6/2021
14:11 | spectoacc: Again - they're inept.
Presumably co policy to always back the BoD, even when it's clearly in their interests not to. (40p tho? Hmm.)
We'll know soon enough, depending on them actually crossing a 1% threshold, & notifying it in a timely fashion.
Edit - fwiw 1% of the co is c.2.5m shares, or c.£500k. I think. Invesco have/had 50.6m, or c.£10m. If I'm correct about Invesco, the buy-back cash could have been used to buy out some of Invesco on the very cheap, to the benefit of remaining shareholders. However, views on ALM BoD very similar to views on Invesco.
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23/6/2021
13:32 | bobonumber1: I don't believe investco want out. If they did they would have voted alongside Bernstein at the agm. They chose to side with the board even though Bernstein must have tried to persuade them not to. The same applies for GIC. Their investment arm also sorted the funding for Orbitals last round. Bernstein wanted to liquidate the company on the cheap. Investco therefore would have had the opportunity to get out. A fed IPO would be done at 10-20x revenue. So if they hit the $100m + Rev then you have your billion $ company and fed alone worth 6x current share price for ALM
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17/6/2021
08:35 | spectoacc: No position either. Not only ought ALM to have been done & dusted by now, it's hard to predict when it will be. The longer it drags, the more cash pocketed by the US exec team, the more costs, the more risk of getting diluted in portfolio co's, the more risk of running short of money. Not sure a share placing would go down well :)
Can see them flogging something smaller to punt the cash on eg more FW & their fees.
Flipside - SPAC FW, flog the shares in the market (or a trade buyer?). Is value in ALM if only can be realised, but when has that not been the case for the past 3 years.
Good luck holders. Struggle to think of a price I'd get back in, just too much risk in one co & don't have any feeling for FW. Holders will deserve their payout if & when it arrives.
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22/4/2021
19:59 | spectoacc: Brilliant if they get Lerdal in as Chairman but that entire CRS statement says as much about CRS as it does about ALM I fear.
A comedy of errors, all of which were pointed out on this BB at the time, but also a continuation of years of similar errors out of ALM. CRS aren't a new shareholder, they've been major owners (& pumpers, via their reports) all this time, with their man Lerdal in for over a year (albeit as a non-exec).
Hope for shareholders' sakes that CRS really do take hold of ALM now, and hope that when they do, there's plenty there to be recovered. Currently unclear where the next good news comes from.
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16/1/2020
22:39 | geordieshores: Thought the price would have increased more today. Some people might be waiting closer to the 24th to see if the price drops, but the risk you take waiting is that the price might increase before the 24th so it will be more expensive to get in.Something else that could affect the price of course the dividend. Dividends can be a complex subject. Sometimes on the ex dividend date the share price drops by roughly the amount of the dividend.QUESTION: imagine the price stays the same eg 52p. Will it drop to 40p after the payment of the 12.65p dividend to reflect the price of the dividend as often happens with other shares that pay a dividend.This ALM dividend is classed as a special dividend, so maybe the share price will stay roughly the same after the dividend has been paid?Does anyone have any other views or opinions on what they think might happen?12.65p as a percentage of 52p is almost a 25% yield. And because it's a special dividend, I can't see the share price falling by 25% after its been paid. In fact, Allied Minds are due to release more news to the market soon (see recent RNS about tie up with Boeing) which means the share price might actually increase without the news of the special dividend.
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PLUS1
