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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
|
|
|---|---|---|---|---|
| -0.10 | -6.9% | 1.35 | 13:21:31 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.45 | 1.35 | 1.45 | 1.45 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 19/6/2023 11:52 by cszjrh2 Some good discussion at the AGM and also some robust questioning from shareholders around sentiment and communications.The full board were present this time with Gobind, Jason, Neil and also Mark T from IR in the room. All three answered questions and spoke passionately about the progress they are making. The Board also spoke about the additions to the team in the past 12 months with Chad focussing on streamlining the funds business and establishing relationships with RIA in the US to market the interval fund. They highlighted the positive news of Dan Gray taking stock in the ALGW group as a whole rather than just PLAC. He's clearly a global leader in the insurance market which is reflected in his position as a Blackrock Operating Partner and I'm sure they'll be using his contacts and knowledge to accelerate. Allenby were in the room and made a really positive contribution initially giving a general update on macro and market sentiment and also an indication of the status of some of the discussions that are in-flight with potential new investors. It was put to the Board that shareholder sentiment had probably never been lower. Part of the Boards response was interesting as they said that from their perspective sentiment was wider than just shareholders and actually within the insurance / funds markets the company is starting to get noticed and is well thought of. They said that they are increasingly being approached by 3rd parties looking to collaborate on different ideas. It was clear from those discussions and discussions around comms that the Boards current view is that their priority should be on growing the business. They feel that no amount of communication/PR from them on its own would lead to a significant re-rate and instead they would rather focus on growing the business and allow the market to catch-up in its own time. I don't fully agree with this "Field of Dreams" approach but equally if, as expected, the company posts a very strong profit in the HY and FY results this year I do think that the market will definitely take note. The company definitely also feel that keeping a lower profile is helping them when it comes to achieving competitively priced acquisitions and they are nervous about oversharing and tipping off potential competitors. There was a discussion around profitability and the ability of the company to self-fund further acquisitions. The Board confirmed that the company is profit making, the balance sheet is strong and that they expected to be able to fund acquisitions of the size and scale of the last couple of insurance ones using the revenue coming into the company or by leveraging the balance sheet. They confirmed there is no reliance on the 3p Warrants and there are no plans for any other kind of raises. The Boards focus remains on growing the business and the company eventually becoming a takeover target and it sounded like the 2B plan was definitely still on track to be achieved by 2025 at the latest. Back of cigarette packet assuming similar profitability as the current insurance/fund mix I make $2B AUM to be worth maybe £15m-18m revenue. £7m profit. If dilution broadly continues as it has been a PE of 12 and a 30% takeover premium would put a target price of 12p-20p depending on what Cost of Sales and Opex ended up looking like. I'd be happy with that, especially if it comes sooner than later. Have added 2m more over the past few weeks at 2.1-2.2p and now a few shares under 3%/TR1. |
Posted at 27/5/2023 10:43 by cszjrh2 Pretty consistent buying volume this week. Given Dan Gray just took his 5% of Northstar in ALGW group shares at 2.6p and Jason Sutherland took shares for services provided at 2.45p its not surprising people are taking the opportunity to acquire below their prices. Not often PIs get the opportunity to buy cheaper than members of a companies board. Dan now has exposure to the performance of the full group of companies and not just Northstar. He would only do this if he was going to make significant gains by doing so. Given he is a very smart and capable individual who founded Northstar and is currently an executive partner of a major global asset manager this seems like a smart move. The company can benefit from his contacts and experience to take ALGW to the next level and the fact he is being compensated in shares is very positive. I was poking around on LinkedIn earlier in the week and noticed Jason has left his CEO role at DRB Capital and is full-time with Alpha. Given he was with DRB for about 9.5 years it looks like good news he's doubling down here. The spread is starting to tick up but still below Dan and Jasons prices. We just need some newsflow and deal progress and these low prices will be gone. |
Posted at 01/4/2023 00:06 by baghdaddy73 Had an email earlier from the legal team asking for a statement concerning potential libelous posts. I've provided the statement, they're aware that jjniperberry1 and share22k on LSE are the same individual and appropriate action is in progress. Hope you've got deep pockets Juniperberry1 you'll probably need to sell your alleged algw holdings to cover your first meeting with your solicitor, no legal aid for libel claims, |
Posted at 29/3/2023 21:31 by baghdaddy73 I'm not sure that someone who has made 77 posts on LSE in 4 years could be classed as a knowledgeable poster:1: The company is listed on the LSE and has no presence in the United Kingdom, as do many companies on the LSE, including FTSE100 companies, just as there are companies listed on the NASDAQ who have no presence in the US. A stock market listing is merely a method of enabling trading of a company stock, the jurisdiction is irrelevant. 2.Having a presence in so called tax havens is irrelevant, in fact it could well be advantageous from a business perspective. 3.The move from life settlements towards a more traditional insurance business? Clearly this not so knowledgeable poster doesn't understand that the insurance policies are underwritten through life insurance policies, therefore remains uncorrelated. 4.They do indeed expect to sell the business to a larger finance house, they have never said they will not pay a dividend they have clearly stated that at this time they do not expect to pay a dividend, as is the norm for growth companies, monies are better spent on growing the company rather than paying what would be relatively small dividends. 5.They have made it clear that they don't expect to have to raise capital for future acquisitions. They have also made it clear that should the right opportunity arise then they would consider a raise for such an accretive acquisition opportunity 6.If the company went private then they would STILL be bound by the UK takeover panel rules: The City Code does not apply to private companies which have their registered offices in the UK, the Channel Islands or the Isle of Man UNLESS there has been some public trading or marketing of their shares in the previous ten years |
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 21/3/2023 11:30 by baghdaddy73 Work would what percentage 45 million is of 750 million and there's your answer, fees and hurdle payments split 60:40 in ALGW favour |
Posted at 27/2/2023 12:53 by neilyb675 Buy 100000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 3pSell 100000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.9711p |
Posted at 09/2/2023 09:57 by neilyb675 Buy 100000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 3pYour order can not be completed automatically Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order. Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade. Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible. Once you have placed a negotiated order you do not have the facility to cancel this instruction online. BUY: 150000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 |
Posted at 09/2/2023 09:33 by neilyb675 Buy 100000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.97pBuy 200000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.97p Buy 300000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.97p Your order can not be completed automatically Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order. Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade. Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible. Once you have placed a negotiated order you do not have the facility to cancel this instruction online. BUY: 400000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 |
Posted at 29/9/2022 14:47 by hubert18 REGULATORY approval takes alpha into AUM $750m territoryFor anyone wondering what the shareholders await for the past 6months: see below Guernsey based Life Insurance company (To be acquired by ALGW) - Anounced 24/3/2022. - ALGW's Bermuda subsidiary signed share purchase agreement to acquire Guernsey based life insurance company, a Category 1, international life insurer, with approx 3,785 long-term life insurance contracts in force at 31/12/2021. - Acquisition has transaction value $3.3m & includes all operations of company, incl its assets under management of approx $370m at 31/12/2021. - Acquisition doubles ALGW's assets under management, provides platform for ALGW to offer life insurance-based wealth management products & life insurance linked funds, either originated by ALGW or through other partners, & European based platform for further acquisitions. - Subject to regulatory approval, expected to complete mid 2022, ALGW funding acquisition from operations without equity raise. - 28/9/2022: Alpha concluded all steps to complete acquisition & only awaits final sign off from regulatory authority for the jurisdiction in which the Guernsey based company's parent company is headquartered. Sign-off expected shortly & Alpha commenced preliminary transition & take-on process with seller & its third-party business service providers, to ensure maximum upside potential can be achieved within the shortest possible timescale. "The acquisition of the Guernsey based insurance company provides an excellent platform to offer extremely tax efficient insurance-based wealth management products to clients across the UK & Europe, it also provides Alpha Growth with an excellent vehicle for further value accretive acquisitions within Europe and the UK." |
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