Good summary and fair comments.
Suggest you get a foot hold on any weaknesses b4 Mr C has another nibble 🤣
Good luck, you clearly know your stuff 👍 |
Qsmelly,
1) Why am I potentially looking to buy shares? Because I like the idea of a counter-cyclical business for diversity, the concept of this business in a growing life assurance makes sense logically, their funds are demonstrating a good, consistent investment return so should in theory attract more customers and the management have said they expect to reach cash flow break even soon, which would indicate the dilution risk has lessened and they have decent cash in the bank - therefore the prospect of organic and inorganic growth looks good and could soon happen exponentially without risk of a discounted equity raise.
2) No, I was not bright enough to buy at 1.1p - my attention was probably on other stocks.
I have looked at the Allenby Capital note but it does not explain the expenses - are there any other broker notes?
Ta |
Qsmelly456 obviously that's why you are not heavily into this share and just daily cherp away lol |
7OOm AUM @ 0.5% MF is only 3.5m fees so a loss making business 🫨 |
Smart questions........although I have a couple for u
1.Why king?
2.If u were looking to jump back in as u claim, are u not bright enough to do that at 1.1p?🫨
Check out the recent brokers note, there's a little more detail.
Scale usually results in cost support increases.
Costs will rise because of acquisitions....legal dd etc.
Once acquired there's integration costs......then costs should level and decrease through economies of scale.
That's probably the underlying reasons.
However this shower are 💩 and it's all very much smoke and mirrors with little transparency 🫨 |
 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! |
Qsmelly456, do you have a psychological issue that makes you post every day regardless of the relevance |
Can c this tracking back to 1.6 on that shameful RNS, jeez no wonder they need to buy in support they're a proper shambles if that's what they consider an acceptable RNS.
It's no wonder they don't do many......they're terrible at it 🫨 |
🩳r sells u🐘 |
its showing as a sell |
exactly. i have never seen such a rns .... |
Just added 79k to the 🩳 at 21175.
It's all 🐂💩 weasel words.
No figures quoted on performance savings turnover etc
No guarantees of any more dilution.
Same old same old Gob💩🫨;🛩💥🎄🌳27796;🌲 |
Kaos3, wgat exactly DOES this? |
A suggestion of further acquisitions and continued positive momentum
Gla |
what exactly this purchase brings to the table..... |
It's in the RNS |
Early buys news coming ......more leaks than TW 🫨 |
What 🐓 sells just 7 🐘🫏 |
Another decent 250k 🩳🤣 |
Wow a 257 share buy and a 300 sale🤣 |
Interesting that AMIGO are exploring the option of moving into wealth management for high net worth individuals. Check the share price of late. |
500k 🩳🤣 |
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