Thank you forest |
Thank you forest |
Thank you forest |
Thank you forest |
We can Gary
Price: 1.50
How about I buy some algw hold them for 5 years as an investment strategy eh?
And then when the real facts are laid out i just complain about you telling me for my own good lol
Auditors sacked Algw
No new auditors are likely to touch them and it's going to be hard to find decent ones for such a complex multi territory firm.
Then there's not being totally transparent about what happened.
Then there's AUM not achieved 70% to go with 1 year left.
Poor comms poor pr poor shareholder relations.
Expenses rise 300% and this business is on very thin margins.
A slight swing can wipe any profits |
Oh lord, he has bought me into it for some reason.
I believe the reason that people come onto these forums is for sound and reasoned assessments of the company that we have bought shares in.
The fetid, puerile and cesspit of opinions by some is boring, childish and shows a distinct lack of intelligence.
Can we all get back to some form of normality please |
Stupid is as stupid does and you r certainly stupid kitchen lol
Paddyboy
The Analyser
Gary c
Daisy 123
All different posters lol |
It seems like a 1 man campaign to destroy a company, perhaps get some help or see a counsellor. A normal person with this amount of grievance would contact the company via phone or email |
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 |
Smelly, thanks for the update Forest |
More sells today
News soon Steve who couldn't even predict his birthday.
Shame you stated it was all coming together at 1.9 2 and 2.4p.
Guess i was the only accurate 1 with 1.7 1.2p.
As for fact.........the auditors sacked algw and their letter is enlightening.
It won't be easy to get new auditors and that's probably why the accounts have been delayed.
The BOD have been economic with the truth or indeed updates.
Shareholders appear to be unimportant unless they are diluting to raise cash then there's loads of RNS's.
Share price is heading to base support of around 1p.
The sizeable 1mil 500 250 sells keep on coming with sellers taking 1.4 and less so they probably are realising this is going sub 1p.
A well signposted and deserved drop.
Brilliant share to short 2.4p lol |
Spot on Mr C and then there's who will take it on? |
Doubt it. Their acquisitions have been across a number of territories under a range of accounting regimes so it will be tricky for an incoming auditor to get on top of it all I would have thought. |
Is this statement about "incoming auditors" just smoke and mirrors then from their 23rd December RNS?
"The Directors have determined that this change will provide the incoming auditors with sufficient time to complete their on-boarding process and plan for the upcoming audit." |
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. |
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