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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
|
|
|---|---|---|---|---|
| 0.15 | 8.82% | 1.85 | 16:08:48 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.75 | 1.70 | 1.85 | 1.85 | 1.70 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 02/5/2024 12:03 by 7rademark The Directors firmly believe there exists a notable disparity between our current market capitalization and the genuine value of the company and its assets. They are 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. |
Posted at 01/5/2024 11:21 by oilisgold The market cap currently is too high for this company. Hope many new investors didn't get spiked here. I always say never trust any CEO of a company. |
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." |
Posted at 25/9/2023 10:03 by cszjrh2 We'll find imminently when the interims come out. Based on the Allenby broker note we should expect the companies first Operating Profit.Also GS spoke to potential US investors last week at a "Financial Services Virtual Investor Conference". Be a positive if they can attract some US investors as we've seen next to nothing traded on the OTC listing. |
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 06/3/2023 07:24 by neilyb675 The Company is pleased to report that the BlackOak Alpha Growth Fund returned 7.20% during 2022. During this period it reported positive returns every month and won multiple awards from Barclay Hedge for its performance.increased assets under management ("AUM") to circa $700m - a 70x increase from January 2020 and more than doubling in the past 12 months alone warrant exercise date extended, very good news Gobind Sahney, Executive Chairman, commented: "2022 was a very productive year for Alpha Growth which saw AUM almost doubling to circa $700m, bringing us significantly closer to achieving our stated goal of managing over $2bn of AUM by 2025. During the year, we completed two significant acquisitions and launched a significant new fund which we expect to attract a new category of investor into the Company." "We start 2023 with a robust list of exciting opportunities which will allow us to continue to rapidly scale the organization both organically and through further acquisitions, none of these opportunities are expected to require a raise. Throughout 2023, we will also look to bolster our team of experts to support our 2B plan and ensure we continue to grow AUM and revenue significantly." |
Posted at 20/1/2023 18:02 by cevodniya Sharekitchen, obviously you are a chartist. Have you ever considered that the most successful investors are value investors over a long period. Do you genuinely believe that a chartist viewpoint of analysis outperforms a value or growth investor a la Buffet or Terry Smith? |
Posted at 16/1/2023 17:32 by cszjrh2 Agree with everything below. I'm sure the company will be keen to get the financials reported, show the value of the recent investments and report on the organic growth from the last 9 months of last year to move the share price high enough to bring the warrants into play before having to tap up investors for a raise. |
Posted at 06/12/2022 08:15 by sharekitchen1974 New money coming in, new investors jumping on board, increased revenues |
Posted at 14/10/2022 09:09 by cszjrh2 He thinks that by putting a question mark at the end of the sentence means it's not Market Manipulation. Anyone who wants to check the actual status of the acquisition can email ALGW Investor Relations on ir@algwplc.com and Mark will happily tell you as much as they are allowed staying within market rules. I would suggest that investors here are very careful believing what's being spouted on the forums at the moment. It seems to me that someone is trying to drive the price down to free up shares. |
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