Alpha Growth Share Discussion Threads

[jungmana] 17/12/2019 10:18

May be able to top up at the placing price this week

[costax1654x] 17/12/2019 10:17

Not the RNS everyone expected

[bullrun1] 17/12/2019 09:07

Correct, I'm personally happy with the news today, cementing shareholder value imo. GLA

[moneymunch] 17/12/2019 09:02

Well that's all the 9.6m placing shares mopped up, which didn't take long....and so plenty of upside from now on in, in anticipation of closure of the $100m credit facility, which should see this fly on confirmation. Gla ;-)

[kaka47] 17/12/2019 08:43

#ALGW audited fund performance of 16.26% ....that means potential bonuses of 20% over7% therefore on a revolving 100mil facility 9x 800k plus 1.5% management = 7.5m fees wow total 14.7 mil income ! DYORDanny explains in video below how they earn their income in detail youtu.be/i_iquXWTizY

[andyview] 17/12/2019 08:36

Shares traded today, almost all of which are buys, nearly the same as placing amount

[kaka47] 17/12/2019 08:33

#ALGW. Great news KPMG is going to put some weight behind the company. They are retained. Plus world leading returns of 16.6percent. KPMG FTSE100 leading auditor. KPMG tie up with 4m cap alpha with 100m facility x 4 reload. Quickly will have 100s m managed.

[andyview] 17/12/2019 08:29

A resounding buy from the trades passing through..

gla

[moneymunch] 17/12/2019 08:24

SL Investment Management

SL Investment Management is a specialist Investment Manager working globally with intermediaries, professional and institutional investors to deliver a range of low-correlation based asset management services.

Since 1990 we have managed or advised over 30 collective investment vehicles, utilising multiple structures and domiciles - representing over $2.6bn in assets. Our reputation for innovation is combined with strong corporate governance and actuarial capabilities which help us to meet the stringent due diligence requirements of major institutional and corporate investors.


BlackOak LP

BlackOak Investors LP is a medium to long term Alternative Investment Fund (AIF) aimed at achieving steady capital growth at favourable risk adjusted rates irrespective of movements in mainstay asset classes.

The fund invests in US Senior Life Settlements - life insurance policies originally taken out by US citizens, where the individual in their senior years has chosen to sell their policy in the secondary market to an investor such as BlackOak Investors LP.

Launched in February 2014, the fund unit price at the end September 2019 was $23.1793; representing a 16.0% annualised return from the initial launch price of $10.0000.

Patrick round



"We are delighted with the performance of the fund over the past 5 years, with impressive annualised growth of 16.0% since fund inception. The active trading strategy has proved to be a particularly useful feature in achieving realised fund returns since launch."

Patrick McAdams CFA | Fund Manager | October 2019

[letmepass] 17/12/2019 08:10

Clear short diwn to 1.75 from here

[kaka47] 17/12/2019 08:08

#ALGW This 5 year review by KPMG showed a market leading 16.26% annualised gross Return from an asset that is Non-Correlated..Getting vitrification from KPMG means it's now very easy sell for @algwplcImo money would now start to pour into this fund and 100m is just the start or should I say tip of the iceberg Management now needs to highlight the potential pipeline

[andyview] 17/12/2019 08:07

Marked down as expected but solid buying at these levels.

gla

[moneymunch] 17/12/2019 07:57

Maybe the leading UK Asset Manager was waiting for KPMG's blessing before signing off the $100m Credit Facility.....other material news and business strategies expected too. Gla ;-)

[bobs good eye] 17/12/2019 07:45

Got a stack of these already but hopefully a nice buying opp today or tomorrow at a great price. This is moving towards no-brainer territory for me but as always DYOR!!!!

[iamgreat1] 17/12/2019 07:44

Placing was being forward sold and others who knew were dumping now placing out below 1.75 before maybe going up

[andyview] 17/12/2019 07:40

The placing is small albeit at a discount. The bigger news for me is the fund performance, market leading 16% is not to be sniffed at..,

Gla

[iamgreat1] 17/12/2019 07:25

It will spike and drop as many were buying in at higher price now must be all eager to dump

[7rademark] 17/12/2019 07:19

RnsMarket leading % review and placing at 1.75pI've actually no idea how the market will take this, for a lth it's excellent progress, but traders may not be so pleased at the placing. Any silly falls and I'll be adding.

[moneymunch] 17/12/2019 07:14

Tue, 17th Dec 2019 07:00
RNS Number : 0679X
Alpha Growth PLC
17 December 2019


Alpha Growth plc

("Alpha, or the "Company")



Update on the BlackOak Alpha Growth Fund, Placing and Total Voting Rights

KPMG Completes Performance Track Record Review of BlackOak Investors LP, additional funding for marketing and Total Voting Rights



Alpha Growth plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class that provides non-correlated absolute returns. Alpha Growth plc and SL Investment Management Ltd are joint general partners of BOAGF GP, LLC., and investment managers of BlackOak Alpha Growth Fund. KPMG were retained by BOAGF GP LLC., to review the Performance Track Record of BlackOak Investors LP, a fund which the investment managers are involved with and that uses identical investment strategies and methodologies to that of BlackOak Alpha Growth Fund.



Track Record Review

The review by KPMG of the Performance Track Record, from its inception in February 1st, 2014 to August 31st, 2019, showed a market leading 16.26% annualised gross Return.



* The Performance Track Record is comprised of monthly gross returns, including periodic/annual gross returns, gross-return since-inception and annualised gross return since inception (collectively known as the "Return").



Placing

The Company is also pleased to announce that it has raised gross proceeds of £164,617.07 through the issue of new equity at a price of 1.75 pence per new share, in response to organic demand received through its Corporate Broker. The proceeds will be used in support of accelerating the fund's marketing efforts. Accordingly, the Company has agreed to issue, conditional on admission 9,604,690 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 and following the issue of the Subscription Shares the Company will have utilized all of the currently available authorisations it has to issue shares for cash.



Total Voting Rights

Following the issue of the Placing Shares, the Company's issued share capital will consist of 192,666,356 ordinary shares.



The Company does not hold any Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 192,666,356 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.






Gobind Sahney, Chairman of Alpha, commented:

"With the completion of the performance track record review we are now able to share with our prospective investors the historical results of the investment manager's strategies and methodologies which provide a great return for an asset that is non-correlated. We would like to thank SL and KPMG for their diligent work in completing the report". "Additionally, on the heels of this news we appreciate the support of our Corporate Brokers and shareholders that will underpin the marketing of the fund".



Alec Taylor, Director of SL Investment Management, commented:

"We are committed to the BlackOak Alpha Growth Fund investment strategy which has delivered market leading results as demonstrated by the performance of BlackOak Investors LP. We are therefore particularly excited to work with Alpha in offering the BlackOak Alpha Growth Fund to investors."

[kaka47] 16/12/2019 22:19

@algwplc @ 2.25p(Mcap 4million) is Seriously UnderpricedCOO Danny Swick explains in depth about opportunities #ALGW Imagine just the management fee on 100 million year after year.. and then on top of that the Commission on 100M .. No-brainer investment Must Watch below https://twitter.com/mrmehar86/status/1206691996921929728?s=21youtu.be/i_iquXWTizY

[berlintim] 16/12/2019 18:59

Defo going to sell my life policy and buy in here, I can then buy it back with my huge gains....simples!

[troytate] 16/12/2019 13:12

I guess you're right. I think the share is just taking a 'breather' before heading northwards!?

[kaka47] 16/12/2019 12:57

MCap just 4MillionConfirmation of $100 Million revolving credit facility with a leading UK asset manager due any day, this means with this facility they r able to buy upto $500m worth of policieshTtps://www.voxmarkets.co.uk?mediaAssetId=5bead859a0c2cc00123880eavoxmarkets.co.uk/?mediaAssetId= ... @VoxMarkets

[lb28] 16/12/2019 12:43

Has this guy even checked the MCAP?
How could news [possibly be priced in.

[bullrun1] 16/12/2019 12:22

Bullrun.. im afraid aviator