Alpha Growth Share Discussion Threads

[tim000] 11/1/2020 10:30

No, the RNS states clearly this is a revolving credit facility. I understand the principles of an asset manager business.

[kaka47] 11/1/2020 10:22

Hope this answers your questions Danny Swickyoutu.be/i_iquXWTizY

[kaka47] 11/1/2020 10:21

It is an investment into the fund you do not pay any interest the investor will get 10 to 14% uncorrelated yearly returns

[tim000] 11/1/2020 09:14

Too high. This seems to be a loan as far as I can tell - but we have no idea yet what the T&C of the facility will be (ie cost and drawdown hurdles), so we can't yet assess its impact on earnings. One thing that puzzles me is I have the impression the company is investing the proceeds on behalf of clients, but is borrowing money on its own account. That doesn't make sense, unless the clients are responsible for paying the interest to the lender. Does anyone understand the exact mechanics of how the facility will work? I don't think that has been set out in detail.

[kaka47] 11/1/2020 08:59

What are your predictions for share price when we get the confirmation of 100 million facility..Mine...8p to 10p

[kaka47] 11/1/2020 08:54

That is why I love investing in the stock market

[2mex] 10/1/2020 19:02

SP now 2.25p STRONG BUY

"..Long term indicators fully support a continuation of the trend.."

[2mex] 10/1/2020 18:14

mdchand, yes good point. How to estimate when someone dies. Well, that is a key point of Alpha Growth. They scrutinise the medical records to derive a prognosis. They may require blood analysis, for example, to determine condition. It would be naïve to think that the people who do this for a living don't actually consider medical advancement..and at Alpha Growth/SLIM the actuaries live and breathe this stuff. Ultimately, the policies sought are "good". If Danny Swick had been sourcing "bad" policies, he would not have a track record of $8Billion life settlement trading.
atb

Justin Waite, VOX Markets
"What differentiates Alpha Growth from other life settlement companies?"

Rajiv Rebello, Alpha Growth Chief Actuary and Director of Investment Analytics
"What we fundamentally have done in this space is added various parties with specialised expertise that are basically aimed at enhancing our opportunities in removing inefficiencies and transaction costs. On one side it is a team of actuaries we have built: not just me, we have our partners SL investments that really understands life insurance and one of the things that is unfortunate about our industry, while it has progressed on so many levels one the life expectancy side and regulations, what has been missing is core actuarial and insurance expertise...

So, for example, if I were to ask you to start an auto repair shop or a mechanic shop, you wouldn't want to invest in a firm that didn't have any mechanics that had actually looked under the hood of a car, right? but in the life settlement space you have a lot of firms who don't have any expertise in having priced and designed a life insurance policy. So how do you manage an asset that you fundamentally have not "looked under the hood of"?
Well, here at Alpha Growth, we have a team of actuaries who have done that explicitly for some of the top life insurance companies and we are using that expertise to make investments more profitable for our investors.

So that is a fundamental value added that we have are bringing to the table.

..but, on top of that, the other thing is supply: how do you get policies? Well, our Chief Operating Officer used to run a huge brokerage that sourced over 3000 policies. So, what that means is that we have preferential relationships with groups in the life settlements industry that, when we want to go find attractive policies, we have a team in place that does it, that can do it from our relationships.

..On top of that, what we have structured with our CEO, is a way to make this investment in life settlements tax friendly. So often investors forget or are so focused on the returns but not on the tax consequences. Well, we have thought about that and we have incorporated that into our design.

So, there are multiple elements that we are bringing to the table:

Actuarial and Insurance expertise
Sourcing which means we are going to get better policies through our preferred relationships (see Note 1).
Tax Friendly for our investors (see Note 2).

It is a combination, an amalgamation of talents and expertise that we are bringing to the table that the industry really doesn't have and that is what excites me and that is why I decided to join up because I want to be part of this revolutionisation of the Life Settlement industry."

Note 1: CEO comment: "We are delighted to announce the appointment of Danny Swick. He brings a wealth of experience and industry relationships to the team having traded over $8 billion worth of life settlement policies through his career. His reputation and relationships in the industry provides Alpha with the ability to execute its business plan in an efficient manner and scale with the mandates under consideration."

Note 2: There is an Irish Designated Asset Company in the Master / Feeder structure that provides tax advantages for investors in the Feeder from certain jurisdictions. Creating the structure in this way enables the fund to be able to accept international investors - giving the Fund a truly global reach and relevance to a wider audience.
The creation of the structure was carefully constructed by Gobind Sahney and Danny Swick in close coordination with the Company's legal advisors in the US, Caymans, and Ireland, along with KPMG, the Fund's global tax and audit accountants.

: starts after 1min 48seconds

[2mex] 10/1/2020 17:16

Bobby is correct in his choice of words. The beauty of that is opportunity for low price entry.

[bobby.ifa] 10/1/2020 16:57

Kaka- because the funding is not secured.

[kaka47] 10/1/2020 16:11

WHY IS THIS BABY ONLY WORTH 4mil when ALGW is on the verge of securing the $100million credit facility which could be used to buy $500m of face value and repeated 4x per year1.5% management fee and a performance fee of 20% on gains beyond 7%Average 5 year gains verified by KPMG 16.2%...

[kaka47] 10/1/2020 16:10

WHY IS THIS BABY ONLY WITH 4mil when ALGW is on the verge of securing the $100million credit facility which could be used to buy $500m of face value and repeated 4x per year1.5% management fee and a performance fee of 20% on gains beyond 7%Average 5 year gains verified by KPMG 16.2%...

[bullrun1] 10/1/2020 16:09

Very dramatic, hardly call it a P&D bit a harmless fun by look of it. Lol

[pretax2] 10/1/2020 16:00

Which share? Not this one, at least not on ADVFN.
BTW 8% is a poor effort at p&d

[texaschaser] 10/1/2020 15:56

Pump and dump operation on LSE.

[bullrun1] 10/1/2020 15:46

You can thank later. :)

[pretax2] 10/1/2020 15:43

Someone nudge it over 10m traded shares please

Nice 👍

[andyview] 10/1/2020 15:36

Looking strong again today, very excited about the prospects here..

gla

[kaka47] 10/1/2020 12:53

Hope this answers your questions Danny Swickyoutu.be/i_iquXWTizY

[bullrun1] 10/1/2020 12:51

Short of shares:)

[7rademark] 10/1/2020 12:46

Dropping the advertised bid but wanting full ask to buyCould be a good day

[7rademark] 10/1/2020 12:31

Hi mdI hold here and have researched the company, one thing I do not understand is the terms and condition within a life policy, I had one for 20 years, this was a set period of time agreed at the outset, is the agreed term usual for the UK, or in fact for all UK companies, I can't see how algw can break into the UK market if it is as essentially the policy therefore has zero value.Therefore life meaning life insurance would surely be more expensive as the policy aged or is that not the case.

[mdchand] 10/1/2020 11:42

I have no position here but have professional experience with life settlement funds. The tricky bit with life settlement funds is the issue of when the underlying client dies. In the past, funds who have tried to do this have almost always underestimated when the client will die. What's the big deal? Cashflow.

Ideally, you want policies to vest so that you have sufficient liquidity to pay premiums for other policies. A few big policies dont vest and you potentially have to start selling policies at a loss because the market knows your desperate. Now add in a layer of debt to the equation (no doubt secured on the policies) and your really having to manage your cash flow.

Now statistically, you should pop your clogs at 87 in the UK. However, wealthy clients typically have the best medical care (in the US they do) which means they normally live longer than your typical punter. Which is why forecasting is so tricky. Yes you can buy a balance of policies which means these things should average out, but if your targeting bigger policies, your targeting wealthier people which skew the results.

Now, all of that said, if Alpha can answer this question then it is sticky money and institutional investors dont tend to panic like retail investors. Watching with interest.

[7rademark] 10/1/2020 11:20

Was tight. Lol. Back up soon as the sells are light compared to buys today.

[squire007] 10/1/2020 11:03

Next deal on its way ;-) .... hold tight.