Alpha Growth Share Discussion Threads

[bullrun1] 05/2/2020 11:16

Yes I saw that, all looks good to me. Cheers

[moneymunch] 05/2/2020 11:13

Not sure if you saw this from Monday, courtesy of gilesfitzh on LSE, but provides informative insight on proceedings. I'm hoping that DS and Co are in town to finalise the $100m Credit Facility and other strategies, as they suggested this would likely happen after Christmas, and the AGM has been brought forward to make it an AGM to remember, as well as a way to save on costs and expenses with all the team in London now, rather than bringing them all back from the US in March. Gla ;-)

2/12/19



"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."

gilesfitzh

Posts: 159

Price: 1.85

No Opinion

Telephone conversation with GS.Mon 15:33

I have just put the 'phone down after my conversation with GS who is in NY today flying in to Heathrow tomorrow pm. The questions that I had put to him were many and some quite specific. Unfortunately as I was not perhaps as clued up on what could be sensitive information, for example exact details of the bonus scheme targets which he advised me were not something that were made public as competitors could use that info. to poach key personnel (I had not thought of that) a few of the questions could not be answered. However the following were answered. First though my impression of him as a person: Very personable, straightforward, honest and upfront. He definitely expects the company to break even this year though he didn't specify whether this was the company year or the calendar year. I had queried this as I had assumed that there would be commissions payable to third parties in the acquisition of AUM, Danny Swick can't actually deal with individual policy holders (BTW DS is working 150% (GS's figure) for ALGW and Kango is on the back burner) and commission will have to be paid to whomever aggregates bundles/portfolios of life policies. I also assumed that the costs of the RCF would impact ALGW's profitability but both commissions and RCF charges are capitalised into BOAGF so the management fees and performance fees (eventually) will be ALGW's income and only Directors fees and usual business overheads have to be paid for out of this. BTW there was a suggestion that SLIM would not be part of the business shortly. GS says this is rubbish, he and DS have been involved in several joint ventures with SLIM for over 10 years and both are very happy with the relationship and will not be changing it. With regard to the resolution for the Directors to be able to issue 75 million shares he was adamant that share issues would only happen if what ALGW got for those shares would increase the value of ALGW by at least the value of the shares and hopefully considerably more. ALGW has enough 'money in the bank' to cover expenses to break-even. As to share buy back he explained that that was a precaution in case a large shareholder decided, due to unforeseen financial difficulties, to sell their shares and buying them back could prevent a run on the share price. (my comment - which presumably none of us want). Now that I know that any commissions on acquisition of AUM and RCF charges are not ALGW costs I have redone my estimate of ALGW's P&L and Balance sheet for the next few years I can say that it is looking VERY TASTY. One final point that GS made when I mentioned the rumours and supposed 'inside track' that some people claim was that NOTHING leaks from ALGW, everything that is market sensitive will be announced by RNS in a timely manner and you should take absolutely no notice of any claims on BBs especially those that might have an impact on the share price. All in all a very satisfactory conversation with GS.

[7rademark] 05/2/2020 10:58

If carlsberg did agms...

[bullrun1] 05/2/2020 10:46

Maybe there planning on dropping the CF RNS at 7am Friday morning.. And having a large screen set up at AGM with the share price on, to allow shareholders to watch the share price multiply during the meeting... Carlsberg style!! Lol

[7rademark] 05/2/2020 10:39

I was aware of the agm yes, but not that it had been brought forward. Last few times I've seen that elsewhere it's included news or been for a positive reason. Let's see.

[moneymunch] 05/2/2020 10:20

Yep, I thought you were already aware that the AGM is now lined up for this Friday, and a early 8am start which is unusual for most AGM's.....and so hopefully DS and the team are in town to get the CF sorted in time for Friday. Gla :-)

[7rademark] 05/2/2020 10:13

Just seen they have brought the agm forward a month, has to be for news imo

[bullrun1] 05/2/2020 10:09

Yes, looking better this morning.. lets hope it can hold in an up trend direction.

[7rademark] 05/2/2020 10:01

Well it's oversold that's for certain and we know how fast algw moves. Even without news.

[moneymunch] 05/2/2020 09:18

2p plus looks likely today and 3p plus and more if good news lands tomorrow. Gla :-)

[jambam] 05/2/2020 07:43

Yep, expecting CF new probably tomorrow. AGM was brought forward to align CF and other ongoing developments. Expecting a decent day today

[moneymunch] 05/2/2020 07:28

A few of those trades listed as sells towards yesterday close looked more like buys imo, all in the mix regardless, and now a very interesting day ahead in anticipation of deal news on the $100m Credit Facility. DS and Co flew from New York to London yesterday, hopefully to get contracts signed and sealed today, in time for Friday's AGM with its early 8am start. Gla ;-)

[sapper2476] 04/2/2020 16:45

Yep. Too many sellers, although I cannot think why...

[7rademark] 04/2/2020 16:29

Up and down, too much stock about.

[moneymunch] 04/2/2020 15:51

On and UP!!! ;-)

[7rademark] 04/2/2020 15:39

Sincerely hope that's the low reached.

[7rademark] 04/2/2020 15:25

Tight spread for a change as well.

[moneymunch] 04/2/2020 15:01

Perfectly poised...for news due now!!! Gla :-)

[sapper2476] 04/2/2020 15:00

Quite a depressing share to be in this one.

[7rademark] 04/2/2020 14:43

Yep, obvious really.

[hoper1] 04/2/2020 14:43

Suppose the worry is that nothing significant is going to be announced at or prior to agm and that the price will drop back

[lucakane] 04/2/2020 14:38

There's the tick down!Need buyers!!Gla

[moneymunch] 04/2/2020 12:16

Lol...7radermark, I bought back in yesterday several trades sub 2p c£15k , in anticipation of good news on the $100m CF which is due imminently if all is going to plan behind the scenes...DS and Co are flying in today and so an opportune time for contracts to be signed and sealed, and all you're concerned with today is how many shares your broker is willing to sell...ha ha ha....Gl.:-)

[moneymunch] 04/2/2020 11:42

Lol..who's ramping??? Just stating the obvious potential, near term...we're expecting confirmation of the $100m Credit facility, as per outlined by ALGW's CEO in December's RNS, whereas you appear to be trying to be some what negative on proceedings today. Gl :-)

Ps if anyone was short from the previous high, then they would be buying back shares in the market over that time, and those shares bought would go straight back to the broker to close the position, maybe why you reckoned you could buy 1.6m earlier!!!???