Alpha Share Discussion Threads

[senor_sensible] 14/3/2016 11:07

suppose another company could reverse in here, take advantage of massive losses and get a stock market listing as well, not sure how much value would be returned to existing holders but at current market cap I can see some punters would be willing to take a punt that there is some upside. Stranger things have happened

[senor_sensible] 11/3/2016 13:59

stump up about £17k, take a controlling stake in the company and then sack them :-)

[red army] 11/3/2016 12:21

No wonder the directors want to hang it out.

[senor_sensible] 11/3/2016 10:24

lol, they must have read my post and moved the ask up

[senor_sensible] 11/3/2016 10:22

£1750 buys you 5% of the company and forces them to make an announcement.

[senor_sensible] 11/3/2016 10:14

marketcap is 23k
117000000 x 0.0002

[rj allen] 11/3/2016 08:29

Directors remuneration remains the same at £110k. About the same as the Market Capitalisation.

[senor_sensible] 11/3/2016 08:02

· Negative Net Asset Value of 30.9p per share as at 31 December 2015

· Trust has the support of its lender for an orderly realisation of its investment property

· Board does not expect that there will be any value to return to ordinary shareholders

[dogwalker] 23/2/2016 12:03

Is that a question, bisiboy, or a fact?!

[bisiboy] 21/2/2016 18:57

assume there is no value in any tax losses because of gsy domicille!

[wood fire] 17/2/2016 14:25

Sounds about right to me.

However all paties must have a game plan.

The bank will want to keep the loss down.

The directors will want to get paid, and may have long term plans for the company.

[senor_sensible] 17/2/2016 14:19

The company has sold property recently at well below recent valuations, they are running at about minus 30 mil or roughly what the currency hedge cost to settle. my guess is BARX have agreed to allow the company to offload properties at fire sale prices and have even agreed to take upto 25mil loss on the winding up because if the company went into administration BARX would lose more than the 25Mil after administrators have added their costs.

Barx get their original loan repaid, lose the 25 mil from the hedge and walk away. shareholder leave empty handed.

Wonders if BARX have some financial agreements in place with new buyers.

[wood fire] 17/2/2016 13:56

So if nothing else, any new would be investor is NOT investing at the Top.

[wood fire] 17/2/2016 13:55

Another little fact.

One million shares would cost you £1,500 today.

That £1,500 was valued at a Cool ONE MILLION POUNDS when this company came to the stockmarket.

[wood fire] 17/2/2016 13:48

One other point is this.

If as you say the company has no value then why is not 100% of it being dumped onto the market.?

Try buying a tiny amount of say £2,500 worth.!!!

[wood fire] 17/2/2016 13:42

This is not on AIM as far as I can see.

Agreed the equity may well be worth Zero, but the listing may have a great deal of value long term.

The company does NOT say it's assets worth zero, they say it's unlikely to have value.

Also ask yourself why the bank is not selling off the property itself. ?

A deal or understanding must be in place to keep ALPH trading.

[bozzy_s] 17/2/2016 09:19

Agreed with you on ALLG but disagree here. The argument '£x thousand can buy x% of the company' is a poor one - it only ever seems to apply to basket cases. Recent examples of such include PTV and MTV, both down the pan, both had their equity valued at under £100k before suddenly dropping to zero.

With ALPH it's just a case of reading the RNSs and accounts. The equity is worth zero, not £100k. It ought to cost £0 to buy 3% of it's equity, as that's what the company itself says it's worth.

[wood fire] 17/2/2016 09:03

Valued at £100,000 and they don't think any value will come from the asset sales. However the bank is happy for the company to sell the properties over time. The share has value on three counts. The first is the fact that their must be a chance that their is some cash left after the property is all sold.( slim ) The second is the company is listed I think on the main market. The third reason is this : why has the bank not just pulled the plug years or months ago.?

3% will cost you around £3,000.

Not without risk, but could be fun.If the listing is saved then it could be more than just fun.

[senor_sensible] 03/2/2016 14:24

properties sold have combined valuation of 41.1 million euros, sold to the BODs mate for 24.3 Million.

There is nothing left to div up - salvage what you can IMO

[alphahunter] 21/1/2016 12:47

given the terrible economic condition of the Eurozone and French taxation...
As in back in 2008-2011?


Come on Senor, as I wrote in the past, there are about a dozen real estate cos listed in Paris and their presentations and annual reports could give a good picture about what was really going on in the office property market.

ALPH's properties in Ile de France for instance are in second-tier even third-tier areas, they didn't have any properties in business clusters / complexe d'affaires that have gained traction in the last few years in France. They went for the yield arbitrage which went horribly wrong.

[red army] 16/12/2015 13:13

As a NED she is about as useful as a chocolate teapot. Taking salary under false pretenses and being part of the "keep your nose out" community

[neil9574] 16/12/2015 12:41

The registered office is also
Morgan Sharpe Administration Ltd Old Bank Chambers, La Grande Rue, St Martin's, Guernsey, Channel Islands, GY4 6RT
The director is also a shareholder..

[red army] 16/12/2015 11:56

Senor - I tried to get some shareholder interest to set up a shareholders action group but insufficient interest as most people appear to have written this of way back when.

I believe that some further investigation as to who has bought these properties and on what terms together with who the interested parties MIGHT highlight to what extend the relationships are working between shareholders/related companies and employees. Yet another example of directors shenanigans.

[senor_sensible] 16/12/2015 11:36

over 12mil Cash was in the bank last week, barx can afford to take 25Mil haircut and still make a profit