Well C I aim to please.....laughter is so important.
You're lucky.....£150k on punt isn't the norm.
But I know and you now know I know that it's not just a punt you big rascal 😜 |
Smelly, i love you, i love cynicism and I adore financial reality and you have it in bundles.
I don't hokd many, only 6483000, it's just a punt.
I look forward to your posts, my serious investments are elsewhere!! |
This is absolutely brilliant and just 2 🤣🤣🤣
From an LSE poster...
RE: RNS
The report looks like that movie "Margin Call" where the risk manager realises that a small % negative shift in asset value would wipe the company out, because of a highly unstable balance sheet, but gets fired.
A 1.2% increase in liabilities or 1.2% decrease in asset value here would reduce the company to zero value. That's an unstable position to be in. Each acquisition carries both assets and liabilities, and one wonders why they are so cheap to acquire.
Still not breaking even after all these years?
AUM of $2B is now "in" 2025, not "by" 2025, some slippage there. If they cannot make money out of half a billion under management why would they make money out of two billion, too many expenses, and cash is going down year on year.
The company is behaving like a private company. All those pledges in 2021 about open communications which withered on the vine. |
Smelly, I await tomorrow.
Never in 50 years of investing have I met the likes of you.
You really dislike this stock, but you're here every day!.
Why? |
Oh how lovely you are C.🫨 |
Smelly, so you are gobbing off again today, never one to waste a day eh.
I wonder what tomorrow brings. |
I can see why the insides reduced their holding a few days ago .....looking for a drop....🤣 but my 🩳 caught then b4 🤣 |
Well ......marginally better RNS but still waffle and gob💩
12% increase
0.14m loss so almost BE
Dilution only if it enhances overall share value.......finally some honesty.
But where's the actual detail ffs total gob💩 weasel.
How much cash is being generated?
What are the costs in detail?
Whats the cost changes due to integration and acquisition.....wheres the benefits mentioned.
Whats the NEW product expected to do and yeild?
Its all the same pile of 🐘💩 from the Chair and BOD. They need change at the top.....new blood who is used to reporting to the city....a decent CFO...🫨
The brokers update should provide further detailed insight if and when that's done? |
RNS out. If someone with a bit more knowledge than me could summarise, that would be appreciated. |
Results out this morning any comments ? |
Perhaps you need a better paying job. Trolling bulletin boards is obviously not lucrative enough. |
🤣🤣🤣 with 7m it's c7% & c£10k
For some that's not small so be humble 👍 |
Nice big sells c500k 🤣 |
If only....but it is progress and honesty to be applauded 👍 |
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. |
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! |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
