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ALGW Alpha Growth Plc

1.80
0.05 (2.86%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Growth Plc LSE:ALGW London Ordinary Share GB00BYWKBC49 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 2.86% 1.80 1.80 1.90 1.85 1.75 1.75 543,213 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 5.21M -1.36M -0.0029 -6.38 8.65M
Alpha Growth Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker ALGW. The last closing price for Alpha Growth was 1.75p. Over the last year, Alpha Growth shares have traded in a share price range of 1.05p to 2.30p.

Alpha Growth currently has 467,775,068 shares in issue. The market capitalisation of Alpha Growth is £8.65 million. Alpha Growth has a price to earnings ratio (PE ratio) of -6.38.

Alpha Growth Share Discussion Threads

Showing 3701 to 3719 of 9575 messages
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DateSubjectAuthorDiscuss
06/12/2019
10:09
Check you monitors Code 300 has just been sent by my colleague. SP will start dropping shortly
1liam
06/12/2019
10:05
Liam are you off your rocker? No profits just lol try £5mill per year if they get this facility
hope67
06/12/2019
10:00
3p plus on the cards today by the looks of it....better close your short at your current loss or pay the price....On and UP!!! :-)
moneymunch
06/12/2019
09:59
What the matter. Don't like it when it one of your shares.
1liam
06/12/2019
09:57
Lol...1liam, spread betting short by any chance.....this will very likely move BIG time on the next positive update or two....expected imminently...:-)
moneymunch
06/12/2019
09:49
FactsAlpha Growth plc focuses on proving consultancy, advisory, and supplementary services to institutional and qualified investors worldwide.RISK ANALYSISShareholders have been substantially diluted in the past yearDoes not have a meaningful market cap (£5M)Currently unprofitable and not forecast to become profitable over the next 3 yearsHighly volatile share price over past 3 monthsDYOR
1liam
06/12/2019
09:42
No better experience it would seem for the transformational development plans ahead. News expected imminently. Gla :-)




02 December 2019

Advancement of new business vertical "Warehousing SPV"

with leading UK asset manager


After many months of engagement, the Company is now in the final stages of securing a revolving credit facility up to a $100,000,000 with a leading UK asset manager. The discussions have progressed well whereby the Company and Asset Manager have now agreed life settlement valuation methodologies and acquisition strategies.

This facility will be a key element to enable Alpha to aggregate SLS policies to be vended into investors, in a sufficient transactional value that is relevant to the underlying buyers, whether that be a bond offering or investment portfolio. The Company expects to be able to complete the necessary documentation in a timely manner and looks forward to updating the market on closing of the facility.

The Facility allows the following key steps:


   --    institutional investments into SLS assets.

-- Aggregate assets into investable collateral pools to be vended over to a bond issuing entity or an institutional investor's portfolio.

-- The aggregation of the policies will be undertaken using leverage in a bankruptcy remote SPV, referred to by the Company as a "warehouse" entity.

-- The warehouse entity has the sole purpose of borrowing funds to buy SLS Assets, which in turn will sell them to the entity that ultimately issues the bond or to the investor acquiring an assembled portfolio of policies.

-- Alpha will assist in the initial incorporation of the warehouse entity, advise on the acquisition of the SLS Assets and manage the SLS Assets once acquired and transferred.

-- Alpha will also act as the asset manager for the acquisition and downstream bond/investors of the SLS Assets, receiving a fee for its services.

Share Subscription to raise GBP0.3m

The Company is also pleased to announce that it has raised GBP304,500 by way of Company Subscription at a price of 1.25 pence per new share in support of this advancing business vertical. The proceeds will be used by the Company to pay pre-closing costs, which it will now need to incur with respect to legal fees and SPV inception. Accordingly, the Company has agreed to issue, conditional on admission 24,360,000 new ordinary shares of 0.1p each (the 'Subscription Shares'). The Subscription Shares will, rank pari passu in all respects with the existing ordinary shares.

Total Voting Rights

Following the issue of the Placing Shares, the Company's issued share capital will consist of 183,061,666 ordinary shares.

Gobind Sahney, Chairman of Alpha, commented: "Working with the counterparty to establish this warehouse facility, has been a detailed and long process that results in our ability to take significant positions in the asset class and multiply the returns for the long term. Not to mention that it has validated Alpha's methodologies and skills with a sophisticated investor, as stated we expect to close this warehouse facility within the coming weeks. The addition of the "warehouse" we believe will have a material impact on our business going forward."

"I and the team will be in London before and after the holiday breaks to progress the above and our other strategies. I look forward to updating the market shortly on the other aspects of the business as we further validate and improve the offering across our various revenue channels, with the addition of new personnel we are seeing increasing appetite and interest to the funds and will be updating the market in the very near term."

moneymunch
06/12/2019
09:37
Experience is king in business and it's lacking hereSentiment changed - Sell.
1liam
06/12/2019
09:37
Rajiv Rebello(Chief Actuary)

Rajiv Rebello, is the Chief Actuary & Director of Investment Analytics of Alpha Growth, PLC. Mr. Rebello is a Fellow of the Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). Prior to joining the firm, he was the founding Principal and Actuary of Colva Insurance Services which provides insurance consultancy that helps structure investments in the life settlement space. Prior to starting Colva, Rajiv worked in the Risk Finance Department of Chartis helping to manage and evaluate the risks of a $4 billion dollar alternative asset portfolio of life settlement policies with $18 billion in death benefit. Prior to working at Chartis, he worked in the Pricing and Mortality Departments of New York Life where he helped with the pricing, design, system illustration, and profitability analysis of New York Life’s Universal Life and Variable Universal Life products as well as conducting analysis and review of New York Life’s mortality and lapse experience. Mr. Rebello received his Bachelor of Science degree in Biology from Stanford University.

moneymunch
06/12/2019
09:32
Mr. Swick is the founder of Kango Group, located in Newport Beach, California. Kango Group is an established alternative investment management firm that targets opportunities in the longevity asset class on behalf of private equity and hedge fund clients. Prior to founding Kango Group, Mr. Swick served as CEO for Life Distributors of America, LLC (LDA), a life settlement firm specialising in the distribution of longevity risk insurance products to institutional investment portfolios. While at LDA, Mr. Swick was responsible for the closing of over $4 billion in life settlements. Mr. Swick spent the previous eight years working for American International Group ("AIG") as Vice President of Alternative Distribution. Responsibilities included developing and executing marketing strategies for life/annuity products in the alternative distribution channels, which included product distribution through broker-dealers and third-party administrators in both the U.S. and international markets.Mr. Swick earned a Bachelor of Science degree in Marketing from California State University Northridge, and an MBA from Pepperdine University.
jungmana
06/12/2019
09:26
Experience is king in business and it's lacking hereSentiment changed - Sell.
1liam
06/12/2019
08:58
Take a look at DJI. Just signed a massive deal with China Government.
1liam
06/12/2019
08:48
News expected near term and so continued UPside more likely imho...3p plus just for startes today...:-)
moneymunch
06/12/2019
08:45
Heavily pumped up.... Will come tumbling down
davr0s
06/12/2019
08:45
The smart Money is piling in....Transformational news expected near term. Gla :-)
moneymunch
06/12/2019
08:45
The market seems to like the concept and the money backing it is reassuring too, I’ve taken a few and will see how it goes.

Gla

andyview
06/12/2019
08:43
On and UP!!! :-)
moneymunch
06/12/2019
08:41
Qualifications count for didly squat. Grads come out of uni waving their papers around and they can't make a cup of tea without instructions!!!It experience that counts.Avoid
1liam
06/12/2019
08:36
Toople (Toop) about to blast off.
tewkesbury
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