Alpha Growth Share Discussion Threads

[divmad] 12/2/2020 09:17

Mind your language.

[2mex] 11/2/2020 17:40

Coronavirus Threat Set to Trigger a Massive U.S. Housing Market Crash

The U.S. housing market’s good days could come to an end thanks to coronavirus.
Chinese investors have played a key role in propping up the market.
They could take away billions of dollars worth of demand thanks to the epidemic.

"..There have already been instances when Chinese investors have been forced to back out of deals in the U.S. housing market thanks to the coronavirus outbreak.."

This makes Reverse Mortgages (equity release) less desirable as a cash injection

and makes Life Policy Settlement even more desirable as a cash injection.

[bullrun1] 11/2/2020 09:37

Quite frustrating tbh, you would think that the volume would be more substantial under the circumstances.

[2mex] 10/2/2020 17:03

From LSE site:

[2mex] 10/2/2020 17:02

When Alpha mentioned the closing stages for the RCF, the share price spiked to 3.05p. Nothing has changed - the credit facility is expected to be signed and further to that, the lender will be one of the first customers. I see the RCF as nailed on now - just a question of initial credit amount $25million to $100million. Either way, when the credit is provided, performance will be seen and that could well open doors to more credit from others - depends on whether the asset manager wants exclusivity.

[moneymunch] 10/2/2020 16:49

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 December 2019 was $25.1362; representing a 16.9% annualised return from the initial launch price of $10.0000.

Patrick McAdams

"We are delighted with the performance of the fund over the past 5 years, with impressive annualised growth of 16.9% 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 | January 2020

[moneymunch] 10/2/2020 16:42

03 February 2020

Zurich Round Table January 2020

The annual AA-Partners' Life Settlement roundtable took place in Zurich this week, at the prestigious Metropol venue in the city centre. The event is a platform for existing and potential investors to meet market experts and learn about the latest developments in the Life Settlement industry.

Of particular focus at this year's event was the importance of increasing transparency and raising standards within the industry, to provide investors with better information on the key drivers of performance.

The panel, moderated by Prof. Dr. Alexander Braun (University of St. Gallen), highlighted a number of key metrics that managers of Life Settlement investments should be publicising to aid investor assessment on the credibility of their quoted performance. These included:

Evidencing mark to market valuations - especially for open ended life settlement vehicles where it's essential investors entering and leaving the fund do so on a fair basis. However, also essential for closed ended investments where liquidity is provided through trading on an exchange, and in the years leading up to the end of the investment term when the remaining portfolio will need to be liquidated.

Regular updating of Life Expectancy (LE) reports for the portfolio, and correct actuarial treatment of adjustments to LE estimates in the portfolio over time. This is essential to ensure that the latest health status of lives assured are reflected in the market valuation.

Publication of regular portfolio performance statistics such as "Actual to Expected" (A/E) analysis, and attribution of performance between realised (i.e. maturities and sales) and unrealised events (model valuation gains).

The themes within this panel session reflected many elements contained within the current European Life Settlement Association (ELSA) Code of Practice. A set of standards adhered to by the best-in-class Product Designers, Managers and Distributors within the industry.

Alec Taylor, Marketing and Relationship Director at SL Investment Management and a previous Chair of ELSA said, "It's great that these themes continue to be profiled within key industry forums such as the AAP Round table.

"As a founding member of ELSA in 2009, SL has been at the forefront of driving forward transparency and standards within the Life Settlement industry. However, it's incredibly frustrating that many players in the market continue to disregard such standards, and we continue to have concerns that the long term outcomes for investors in such products may not meet with their expectations."

For more information please contact Alec Taylor Marketing & Relationship Director at SL Investment Management.

[2mex] 10/2/2020 15:46

Could see some support here..

[2mex] 10/2/2020 14:54

Comments from LSE site on credit facility

[2mex] 10/2/2020 09:26

The company have also mentioned that the lender will be investing. The lender will see the performance as a customer and be able to decide what they do next: remain/build as an investor, increase CF, JV, buyout..

[2mex] 10/2/2020 09:21

From LSE site:

[bullrun1] 10/2/2020 09:10

Looking strong now, I'm expecting another RNS this week..

[moneymunch] 10/2/2020 09:08

On and UP!!! :-)

[jungmana] 10/2/2020 08:56

Bring on the big news

[jungmana] 10/2/2020 08:55

Rns;The Company continues to execute on its various strategies and is pleased that marketing to qualified investors in the United States is well underway for the BlackOak Alpha Growth Fund. Furthermore, the Company advises that the short-term credit facility for the Warehousing SPV is being finalized and further. Further updates will be made in due course.

[bullrun1] 10/2/2020 08:03

I saw this last night on the LSE board, very interesting post.

[moneymunch] 10/2/2020 07:13

Courtesy of Lulu on LSE....Gla ;-)

Facts Not Opinons Sun 17:45

Apologies, but I felt compelled to set up a profile and write something. I have been slowly and surely adding to ALGW over 2 years. I came looking the weekend to see if anything had been released by the company and have become enraged by a certain poster’s ‘report’ which is littered by some much unreliable observation and opinion it had me question his(!) intentions in posting it on a Friday afternoon and knowing what the likely result of the post would be. Previous posts from the same poster have opined that the company would not make any revenue for years only for them to retract the statement days later once the seed of doubt had been planted in people’s minds. The poster is either utterly reckless in their posted thoughts and opinions (why would you post certain things) or worse, their intentions are not 100% honourable or sympatico with other investors.

The facts are that ALGW as promised has most likely in Dec/Jan submitted the required documentation with the agreed information (which took the months to agree) to a renowned investment firm located and regulated in the UK.

As someone with considerable experience in UK finance and whose husband still works in the industry, I can tell you that there is a 3 tier process which takes on average 30 working days, involving around 3-4 committee who sits once a week and the ultimate ‘sign-off̵7; committee who sits once a month. I would suggest that the ‘February̵7; sitting will be the one where the ALGW application will decided. In my company these happened between 19th-24th of each month.

Let me remind you again that Ioan Roberts of SLIM (the fund administration company and long time partner to GS and DS) is also the CFO of JPMorgan Asset Management UK Ltd, a US bank who are also a ‘Leading UK Asset Manager’. So you could say they may know someone.

[Link Removed]

This has been a long process but it’s clear that Mr Roberts is behind them every step of the way and things are about to get very interesting, this is why Gobind is confident and doesn’t need to focus on that aspect day-to-day.

That said, I can understand why people are anxious, the RCF does ensure that the ‘Leading UK Asset Manager’ must have done an extremely in-depth amount of research on GS/DS and ALGW before even entertaining them with documentation. If they were not legitimate they wouldn’t ave got a foot in the door. It’s also, highlight encouraging to hear that said UK Leading Asset Manager is now going to make a personal investment. Folks, as per information above, the candidates for the lender have been narrowed down to one.

However, I would like to know, in the coming update (My guess is Tuesday) the other strategies they must have been engaged in. Danny Swick, indicated to me that the BOAGF fund is the smallest component of the business they are working on and there is soon to be an announcement about something huge which dwarfs the BOAGF (which will almost be used as the business money), also this is why SLIM and the UK Lender are so interested in them.

This is not inside information but easily referenced on public internet record and Alpha Growth speeches. Gobind isn’t the greatest communicator in the world but why way I see it, it’s gone from a seed and about to become a sapling.

When Alec Taylor ([Link Removed] of SLIM states they are ‘excited’; about Alpha Growth (see last RNS) , you bet they are, they have struck gold here.

I didn’t believe my husband when he said this was basically free money but the more I look at the set-up and the people involved the more i realised he was right.

I’m adding tomorrow and every week until it becomes too expensive.

[jambam] 09/2/2020 15:41

The complex nature of alphas business model and the absurd potential obviously too much for some to understand. Now is the time to invest. RCF confirmation is proof of concept.following that RNS share price will be 5p minimum.

[2mex] 09/2/2020 13:13

Three points added to the list..

1. Alpha has probably the top life settlements market maker, Danny Swick, with $8Billion of trading experience.
2. Alpha with SLIM has in-house actuarial expertise specific to life policies - a quality not found in usual settlement businesses
3. The above two points are validated in the progress towards $100million credit facility
4. Points 1&2 are inlet and processing. Austin King, with extensive connections has been brought in for the outlet; the sales.
5. KPMG has validated a 16.2% annualised return on this uncorrelated asset
6. "this uncorrelated asset": the asset class is not affected by general market
7. Alpha has structured a tax-efficient system which will bring in global investors
8. Black Oak fund has already received commitments for seed capital of $15 million
9. The market is absolutely massive at $19Trillion with $57Billion policies lapsing each year
10. Only $2.8Billion of policies are settled each year. The $57Billion lapsing is there to be taken.
11. The market will climb over the next 10years as baby boomers retire
Further reference: "The number of seniors (Age 65+) is projected to continue rising from 42 million in 2012 to an estimated 70 million in 2030."
"So, both the supply of qualified policies, as well as demand for life settlements, is growing."

12. Note the wave retiring is more tech-savvy, internet dependent: ideal for targeted marketing
13. Point 12 also means that social media / marketing will build life settlement awareness
14. Perhaps THE key point: Life settlement is a great option, far better than surrender or lapsing
15. The $100million credit facility can be used to buy $500m of face value and repeated 4x per year
16. Alpha has a unique situation with specific talents amalgamated for Life Settlement
17. Legislation is already present in 6 states to ensure life policy holders are made aware of the settlement option.
18. 2019 Annual report: "..For 2020, we expect to be generating material revenues and as 2019 closes, at the date of this report, the company has approximately £450,000 of cash balances, so the group is very well positioned as we move into this new phase.."
19. This is a scalable, low overhead business which has potential ahead to 10bag, 20bag etc.
20. Based on the projected targets Y1:FUM $100m, Y2:FUM $350m etc, the projected FUM after 8 years will be approaching $8 Billion
21. Potential for asset manager(s) to increase credit facility
22. The initial $100m trade target for year 1 indicates confidence of business developing quickly. After Y2, expected annual increment more than $250m
23. When asked about 3-5 year target/valuation: Danny Swick's reply "..Yes, I think the ultimate goal which I think about on a regular basis is where we get to a point where we have a market cap in excess of $100million.."
24. "..The life settlements market could experience a double-digit compound gross market annual growth rate (CAGR) over the next decade, according to a forecast from investment management consultancy Conning.."
"..By 2028, Conning expect the market to have seen an impressive $212 billion of life settlements, while on an annual issuance basis the average of its ten-year forecast for the annual volume of new life settlements is roughly $6.4 billion.."
"..Undoubtedly, the life settlement industry is advancing rapidly on all fronts, and there is every reason to believe it has a bright future ahead."

25. Highly respected institutional investors have individually invested in life settlements worth billions of dollars. These include: Warren Buffett's Berkshire Hathaway, Deutsche Bank, AIG, Credit Suisse, Fortress, Apollo Global Management.
26. “We believe that life settlements are going to be very common consumer transactions in the future,” says Acheson, noting that “reverse mortgages were not well-understood or widely accepted 15 years ago.”

$100million revolving credit facility about to be inked with asset manager.

[romeo47] 08/2/2020 11:13

I agree Jungmana, realistically this Should do really well over a medium to long term timeframe. I am happy to hold my 530k for the next 2-3 years.

As I also retire from the RAF shortly, I will likely add more if the price remains around this level.

[jungmana] 08/2/2020 10:22

Patience for a few weeks will pay off here handsomely imo.Holding on to my my small 420k shares for 6p+ hopefully this year.

[moneymunch] 08/2/2020 09:57

"We are dealing with the London office of a US based asset manager who will also be investing in BOAGF after the RCF is in place."

Presumably, as well as ours. it will also be in the interests of the Asset Manager to complete the necessary documentation in a timely manner , to take advantage of the market going forward, to maximise their investment and expectations for growth. Gl ;-)