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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
|
|
|---|---|---|---|---|
| 0.05 | 2.86% | 1.80 | 10:46:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.75 | 1.75 | 1.80 | 1.80 | 1.75 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 04/10/2024 09:12 by andyview Courtesy of mozax on lse:RE: Allenby capital30 Sep 2024 12:30 “However, the shares are currently underpinned by existing potential, with optionality related to the potential for the build strategy to give ALGW access to opportunities for MATERIAL VALUE CREATION over the next 18 months.” I suspect that is what Mark Ward (24% Holder) and James Sampson (5.2% & currently building) are here for. Material value creation. It’s been a journey to test the patient but I suspect an announcement of a significant acquisition will apply heavy buying pressure, so the canny are buying up whilst it’s quiet. |
Posted at 12/9/2024 12:35 by 7rademark I note algw now state the 2bn aum is on track to complete "in" 2025 and not "by" 2025. They have been reading your posts Q. |
Posted at 10/9/2024 11:05 by king suarez Hi,I used to be a shareholder here so am familiar with the business model and have kept an eye on this with a view to re-entering a position at some point. I see revenues and AUM growing - lovely stuff, however expenses growing faster than revenue? Yet Allenby Capital forecast a sudden drop in expenses in their 2024 forecast to bring ALGW to more or less cash flow neutral. 1) Operating expenses grew from £2.4m to £3.8m between 2022 and 2023 - I look at Note 4 in the accounts for an explanation and see 'Other expenses' grew from £1.1m to £2.9m(!) - why? Marketing? This is a huge increase? Operating expenses are then forecast to drop, markedly, to £2.2m in FY 2024 - how and why? 2) Expenses in managing owned insurance companies rose around £500k between 2022 and 2023 - ok, they are a larger business with greater AUM following aquisitions, makes sense. 2024 this is forecast to grow another £600k, slightly above revenue growth - suggesting there is no/negative margin made on this business? Cannot be right? Can anyone help explain, or point me to where I can understand what is going on with the financials? I understand they get c0.5% management charge on funds managed(?), so revenue is relatively easy to forecast should they hit growth targets, but expenses are all over the place - how can you therefore try to forecast profitability, and ultimately value? Thanks! |
Posted at 31/8/2024 10:33 by cszjrh2 So as we approach the start of September expecting some updates from the company very soon. A new senior appointment to the company. A number of product updates and a significant change to BOAGF. Updates regarding some changes to their offering to assist UK UHNWs looking to "mitigate" the tax changes expected to come in in the next budget. Time for ALGW to make hay whilst the sun shines. |
Posted at 13/8/2024 22:42 by 7rademark Qsmelly fails to understand that algws acquisitions are actually cheap and algw targets funds in their infancy showing prospects of growth. This is a poster who didn't even know algw were main market listed and instead accused algw of lying about their cash position describing them as an aim listed company. School boy error with immaturity in every post. |
Posted at 09/8/2024 10:37 by 7rademark "If required" algw was always going to be a slow burn. But significant progress is being made in all areas and the acceleration of the company will take many by suprise. Including the markets who currently undervalue algw with an mcap below cash. |
Posted at 09/8/2024 09:10 by 7rademark That 7m in cash arrived in quick time didn't it. As the company move toward the 2b target cash levels will really start to accelerate imo. The next acquisition will be imminent given the cash position. 2025/2026 we could even see dividends unless as expected algw are not bought out. |
Posted at 06/8/2024 12:13 by 7rademark Algw is fairly uncorrelated to medium and high risk stocks imo. I'm not saying algw would not be affected by a market downturn but usually stocks that have risen in strong markets are the first to see profit taking. Algw has underperformed the markets. Is undervalued and fails to inform the markets of its growth on a regular basis. The result is an mcap below cash value. |
Posted at 05/8/2024 10:18 by 7rademark ALGW Is in a defensive sector and as such should fair better in weaker markets. The markets are shoddy atm. But we are still off the radar for most investors. That will change imo. Algw need to shout about their achievements or risk being taken over too soon. |
Posted at 30/4/2024 21:26 by sharetalk ALPHA GROWTHWebsite: - 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...de 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&rdq ...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." |
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