3 decent sells today dropped to 1.37 support broken.
Won't be easy to get new auditors, hence accounts pushed back.
No new AUM achieved so still only 30% of the target reached by 2025.
Shareprice less than issue price 5 years ago.
All those tr1 holders nursing losses 🏊a92;️
£150k now worth £50k on paper......6 mil shares what a brilliant investor some of these posters are 🤣🤣🤣🛩8165;🌳ӽ94;🌴 |
Absolutely they should have done. The Governance and transparency is shocking. The BOD have treated shareholders appallingly and this needs addressing urgently by major shareholders.
Meanwhile sub 1p is on the cards |
I read that today on the ALGW website. Let's hope it's not terminal. |
It has been on the Companies House site since July so I dont believe there was a need for an RNS too. The differing of opinion was mentioned in the FY accounts published via RNS in April too. |
Should they have let the market know via an RNS that their auditors resigned in July 2024?? |
It seems like a 1 man campaign to destroy a company, perhaps get sone help or see a counsellor. A normal person with this amount of grievance should contact the company via phone or email |
More big sells this is going down someone knows the 💩 is about to hit |
The Analyser LSEtalks total sense
Alma
Alpha financial reporting is very poor.
The FRC made then restate 2022 accounts due to not properly consolidating their insurance subsidiaries.
In 2023 PKF have disclaimed their opinion and resigned as auditors because management failed to prove that not adopting a new accounting standard applicable to Insurance Contracts had no material impact even though it applied to most of the contracts issued by Providence Life their largest subsidiary. The new standard had been in discussion for over a decade so Alpha had plenty of time to prepare for its implementation but clearly didn’t bother to do the work and simply tried to ignore the issue.
There is no way they would get a proper US listing with 2023 accounts effectively having no audit opinion.
Poor governance for a group which owns regulated insurance operations in Bermuda and Guernsey.
It won’t end well. |
As if 1 poster could "destroy" a company.....u really are super stupid and lack basic intelligence.
Add to that I'm not paddyboy or jambalaya or Almacogan any other poster on advfn |
It seems like a 1 man campaign to destroy a company, perhaps get sone help or see a counsellor. A normal person with this amount of grievance should contact the company via phone or email |
AlmaCogan
Posts: 426
Price: 1.50
No Opinion
AuditorsToday 19:30
If you read the Auditors' letter of resignation, it says their reasons for resignation ought to be brought to the attention of the company's members or creditors.
This advice was ignored and no RNS was issued.
It was only when the year end change was announced that anyone knew that the Auditors had resigned, and this is corporate failure.
The company has failed its duty to shareholders and as a main market PLC, it ought to investigated.
This strategy of silence is at best lousy governance and at worst deception by the board |
It seems like a 1 man campaign to destroy a company, perhaps get sone help or see a counsellor. A normal person with this amount of grievance should contact the company via phone or email |
As if 1 poster could "destroy" a company.....u really are super stupid and lack basic intelligence.
Add to that I'm not paddyboy or jambalaya or any other poster on advfn |
It seems like a 1 man campaign to destroy a company, perhaps get sone help or see a counsellor. A normal person with this amount of grievance should contact the company via phone or email |
One might say the final curtain 🤣🛩💥
Paddyboy
Posts: 174
Price: 1.40
No Opinion
RE: 2025Today 15:47
It’s curtains. No auditor will touch this . |
If you'd tried u know they rarely answer.
Don't like the facts eh
Total rampers and killers of free speech lol |
It seems like a 1 man campaign to destroy a company, perhaps get sone help or see a counsellor. A normal person with this amount of grievance would contact the company via phone or email |
It just seems like a 1 man campaign to destroy the company, it's totally absurd behaviour, maybe get some help or see a counsellor, a normal person would make contact with the company and pick up the phone |
Oh by the way thanks for saying well done you for calling this spot on weeks ago 🤣🤣🤣 |
Imagine you own shares and that happens 🫨🛩💥
Super_Mouse
Posts: 191
Price: 1.35
No Opinion
RE: 2025Today 14:12
You have to ask yourself that could the lack of auditor be a ploy for ALGW to deliberately lose their UK Listing ? It's a US company, their markets have been considerably better than the UK's for some considerable time. Going no longer needs the UK listing . So this could be a very convenient way of delisting the stock and walking away unscathed. |
Err laughable
Missed the 2025 target
Auditors resign never good
Gobind only owns 1.5% of the companies shares.
No PR NO COMMS
Expenses almost treble 300%
Share price less than it was 5 yes 5 years ago
Stupid is as stupid does if you bought into this pile 🤣 |
Glad it's not just me that has noticed this, perhaps the management should take notice, it's appalling, ADVFN should clamp down on this kind of behaviour, the company haven't actually done anything wrong yet other than build a business and lack decent pr, however that's actually not that uncommon on aim. |
And the selling continues lol.....people keen to exit above 1p......I'll buy around 1.2p but let the bad news surface 1st lol |
Hateful.....no just poor delivery and incompetence.....targets missed auditors terminate.......over promising under delivery |
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