Alpha Growth Share Discussion Threads

[garykc] 24/6/2022 18:58

Look at all that buying today too. Happy times ahead hopefully.

[cszjrh2] 24/6/2022 10:08

AGM Q+A summary from the company now out: https://www.linkedin.com/feed/update/urn:li:activity:6946011289349447680- Reiteration of no placings to deliver the 2B plan. - Further acquisitions already in the pipeline - Confirmation of no significant increase in Director Remuneration in the last 16 months - Double digit margins remain the target as they develop towards 2B AUM- 200m USD of new policies out with clients for approval. Exciting times!!

[sharetalk] 22/6/2022 19:13

Posted yesterday on L-S-E by cszjrh01: cszjrh01 Strong Buy RE: AGM Mon 13:59 Yes. Very productive and positive session with GS spending 80 mins with us after we'd unanimously voted through the AGM motions. He was more than happy to spend the time answering questions and discussing the Group as a whole. It was also a great opportunity to meet a number of the other major shareholders and share views. Broadly our discussions fell into three buckets: 1) "Explaining the business" We talked a lot about the Insurance acquisitions, how their policies are currently broadly traditional asset based but that they will provide sticky risk-free revenue in addition to a channel to market the company’s life settlement products. He confirmed that completion of the most recent acquisition is imminent, and that anonymity of the seller was part of the conditions of the sale. We also discussed that both acquisitions are returning healthy profits in their own rights, certainly aren't distressed assets, and compliment the rest of the group. The company brochure will be out before the end of the month and will be a big step forward towards making the company easier to understand for potential new investors, and existing ones ;) The team are however keen to time further updates to ensure that more positive market conditions lead to them getting the right bang for their buck. 2) "Having confidence in the business" I challenged GS saying that before the PLAC acquisition we were told that it would allow the group to breakeven. Then on the announcement of the second acquisition we were told the same. Then more recently it was going to be the end of the year. He disagreed with this and said that the company already had a net in-flow of cash and MW said this was an area where they'd be improving the clarity of comms. I said it was important as shareholders need to be confident that they'll be no future raises to fund operational costs. There won't be and the company expects to be able to fund further acquisitions themselves. 3) "Sentiment around the business" We said that the takeaway headline being peddled on the open forums from the last accounts was "Company makes £1.5m loss and Directors award themselves £500k". As has been confirmed on here over the weekend, GS confirmed this isn't the case and the entry on the accounts in the non-cash account charge for the future options at 2.95p So a great meeting and gives me a lot of confidence for the growth we'll see. Also the current share price means its not too late for anyone out there suffering sellers regret. ;)

[cszjrh2] 22/6/2022 19:02

BOAGF now over $50m based on the latest release. There was $277m segregated accounts AUM within PLAC. Then the second acquisition that sounds like is now just pending regulator approval will add $370m on top of that. So $700 total. So roughly 7% of the total AUM in BOGAF if my figures are correct. Not bad considering we were at $10m at the start of last year ;)

[kaos3] 22/6/2022 15:40

what % of their total AUM is BOAGF ? does it?

[idriveajag] 22/6/2022 15:32

With the stock market and crypto in turmoil, ALGW's uncorrelated BOAGF is the perfect investment for steady reliable returns.

[neilyb675] 22/6/2022 15:14

2.20p PAID

[neilyb675] 22/6/2022 10:29

1.80 - 1.90 (GBX) at 10:16:13 on Market (LSE)

[cszjrh2] 22/6/2022 10:00

Agreed. With the AGM Q&A coming out this week, brochure next week if not before and closure of the acquisition when Regulators approve we are in for a news rich period. Don't see us languishing sub 2p for long.

[idriveajag] 22/6/2022 09:52

Good time to buy ALGW.

[cszjrh2] 20/6/2022 15:58

New bit of renewed interest this morning following the positive feedback from the AGM this morning.

[lloydiee69] 14/6/2022 17:15

lets give it time ive been in for a year and a half ...seen these lows but also last year the highs my aveeage is approx 3.33.so a little undeewater

[kaos3] 14/6/2022 09:20

I also bought algw as an un correlated asset to the financial markets (expecting the downturn). after the latest additions also that is going .... gone ....

[wiganer] 14/6/2022 09:08

Might be worth a nibble at 1p

[kaos3] 08/6/2022 10:20

yes - he said so but he also said - they will use further "option stimulation" in the future I agree that they get something like 10 % of the Co at the beginning - to stimulate them and instead of getting paid in cash. that is fair. maybe more. but not on perpetuate basis - the better the Co is - the less of it I own on a proportional basis. They work - they should take care to earn enough cash and pay salaries to themselfs. as simple as that. I bought the milk - for the milk and the cream. No one told me that cream will be taken away to be sold as a butter.

[cszjrh2] 08/6/2022 10:15

The options were 'owed' since the IPO but the company have decided that now is the time to reflect them fully in the accounts so I would assume they are doing this to attract new investors.

[kaos3] 08/6/2022 08:44

did I understand it ? They gave themselfs 20 % of the Co via options - and it is a good thing to do. so they will keep doing it in the future - giving themselfs even more % of the Co. so if my one brain cell extrapolates this "model" - they will have 10B Co in the end owning most of the C0 via options by themselfs - as it is a fair thing to do ....... they say and most agree I just do not get it. I do not care about 2B, 10B or 100B - it is useless to me as an part owner - if I get only peanuts from it....

[cszjrh2] 07/6/2022 18:50

Good clear update from GS, especially on the Director options: https://www.proactiveinvestors.co.uk/companies/news/984247/alpha-growth-s-gobind-sahney-explains-the-fund-manager-s-path-to-2bn-of-aum-984247.html

[kaos3] 06/6/2022 08:30

to get to the money as a shareholder there are several stages: - we provide capital - ok - management does its gob - ok (to a degree - MW felt to intervene and that tells is ALL)) - how the profits are shared after the initial two stages is crucial (work vs capital) not ok at all and the last one negates the second "good management job" completely - some people pretend not to spot the necessity of both to get a fair profit back into their pockets - to get at least some of their savings back in the cash form just doing the good management job and herds get excited and cheering - without herds looking at fair profit distribution is amazing to me

[juniperberry1] 01/6/2022 09:42

Anyone want to throw light on the optional shares and your dilution?

[oilhunter2020] 01/6/2022 08:28

Hi kaos3, you raised valid points which I also do not really like with that company. Nevertheless the revenue increase will be further significant since ALGW is in the fast growing phase right now. This curve will flaten but until that happens there will be many quarterly's where they will announce nice growth rates imho. That should result in an uptick of the mcap, or not?

[lloydiee69] 31/5/2022 16:44

meeting is 8am 20th june ...cant make it .but have cast my votes ...on all proposals ..

[kaos3] 31/5/2022 08:58

The Remuneration Committee during the year comprised of one Non-Executive Director; Jason Sutherland. The Company is looking to recruit a further Non-Executive Director but those efforts have been hampered by the pandemic. ---------------------------------------------------------------- I surely believe that the above is not a lie!