Alpha Growth Share Discussion Threads

[soggy] 18/2/2021 10:16

I am in no way a chartist, not even slightly, but looking at the chart it's pretty standard that a share pulls back after a spike up, often to around 50 of the spike, then continues up. And that's pretty much what I'm looking at here. I think we've bounced off that retrace and are now hopping back up - 2 steps forward, one step back. The way good growth does...

Any actual chartists want to say if that thumbnail sketch matches up with the fancy numbers and descriptions you use??

[terminator101] 18/2/2021 08:59

Still knack all in the overvalued POS eh? At some point everyone will realised that this is just goblind's lifestyle company

[pretax2] 18/2/2021 08:53

The downside of an uptrend is always a bit tedious. Patience required.

[die4dethklok] 18/2/2021 08:24

Blockchain is the new .com

[garykc] 18/2/2021 08:19

Maybe we should consider changing our name to Alpha Blockchain to get some movement, :-)

[sigod] 16/2/2021 21:43

Ken Chung - that's really interesting. I'm guessing you're not invested in ALGW and if that's the case why even bother commenting?

[ken chung] 15/2/2021 15:23

Shed load of dilution to pay for a tiny aquisition and no closure on the credit facility for months as it's unsafe to travel to or within the USA. Lemmings and mushrooms only.

[ken chung] 15/2/2021 15:23

Shed load of dilution to pay for a tiny aquisition and no closure on the credit facility for months as it's unsafe to travel to or within the USA. Lemmings and mushrooms only.

[die4dethklok] 15/2/2021 12:28

I'm not sure why anyone who bought in would cash out. 500 shares of ALGW is the price of a single trade commission on one of the major investment platforms, and they're still working on getting their RCF (aren't they?)

I dunno how much money people (read: retail investors like me) would have tied up in this, but it is a penny stock, so hopefully not much. Some penny stocks take a few years to pay off, but when they do, it's worth it. If you don't need the money now or in the near future, isn't it better to just wait and see what happens over the next few years?

[city chappy] 15/2/2021 12:17

Worth getting some Audioboom (BOOM) and SAGA for quick 3x to 4x baggers.

[smidge21] 15/2/2021 12:10

for those of a more optimistic persuasion the product looks fine with the manco possessing the requisite skills. All seems comes down to ability to source cheap assets. The challenge in attracting big ticket inflows makes it too much like hard work for me.

If successful the old 'truth' will apply, if its good to invest in a fund, it is better to own the manco.

[pretax2] 15/2/2021 12:07

Targeted returns of 10%+ are not an aspiration but a reality. Alpha are Top 5 non-correlated funds on Barclay Hedge site and have one of the best life settlement brokers in the sector. I personally think the fee structure is competitive for a white glove advisory. That’s just my opinion, you’re entitled to yours.
Good luck with future investments.

[smidge21] 15/2/2021 11:42

Having punted a chunk long, I took a long look at the Oak fund - spoke with the company and examined promotional materials; ambition could not be faulted.

Comparing aspiration with the actual experience of likes of Babson and EAA suggests that the targeted returns could be elusive. When asked to rationalise, the best 'bridge' offered was 'we will buy assets much cheaper than everyone else'; hmmm.
Also the fee structure is hefty: great for the Manco but not acceptable for high volume investors.

It might work but is too long a shot for me. Out.

[garykc] 13/2/2021 20:31

Just look at AAA to see what could be possible

[aimshares] 13/2/2021 16:45

Agree long wait nearing end.

[mick sturbs] 13/2/2021 13:13

AimShares, yes and the RNS states that they should be able to update the market on this during q1. Not long to wait.

[aimshares] 13/2/2021 12:12

Positive regards RCF imo. Work around due to not being able to meet face to face.

[runnerpete22] 12/2/2021 17:30

Todays interview with GS. on Pro Active now out.

[garykc] 12/2/2021 07:13

Which way today then? Still awaiting news on the RCF etc.

[gilesfitzh] 11/2/2021 17:52

@KingSuarez: See my post of 07.31 this morning.

[king suarez] 11/2/2021 17:38

Many thanks, Giles.

So, if I have this right - ALGW are only effectively paying c$2m net (taking into account cash on balance sheet - is this available to ALGW the business, or ring-fenced?) for this business that is generating $487k annual profits.

If so, this is approximately a p/e of x 4 on acquisition cost?

And with access to lots of potential new clients on top that looks like exceptional business imo.

[gilesfitzh] 11/2/2021 17:11

@KingSuarez: Yes, it was in one of the placement proposal documents.
Here are the main points from a couple of documents:
Doc1:
Alpha, through a wholly owned Bermuda domiciled SPV, is acquiring 95% of the parent company of insurer. The parent company is currently owned by one individual who will retain the remaining 5% and continue as a director/advisor. Acquiring the parent company than the IC directly, resolved many regulatory and timing issues for this transaction.
•Immediate accretion of over $270 million in assets under management generating fee revenue.
•Proforma 2021 net profit after tax is ~$487,000. Lean operating structure mirroring Alpha management style.
•Acquisition opportunities at the insurance company level currently in review with management, that could accrete over ~$1.5b in assets under management and add ~$2m+ to net income over the next 12 months.
•Relationships with global network of financial advisors to UHNWI.
•Alpha sees this opportunity as fulfilling and building on its strategies. The life insurance license provides opportunities on a global level to attract investors into Alpha’s funds, increase AUM in longevity assets, source clients for longevity risk coverage, and relationships in the reinsurance market. All of these strategies generate sticky and predictable income combined with a lean operating structure.
Doc2:
Alpha is acquiring 95% for US$3.95m -valuation was conducted by a well known third-party actuarial firm.
•Alpha directing a fund raise of £3.2m through Pello Capital –100% of proceeds to be used in the acquisition.
•Approximately US$2m of cash remains in insurance company as part of surplus –remains as permanent capital of company.
•Current valuations of similar* asset management companies (none have the regulated license that we do in order to provide insurance based wealth management solutions) have an average 29x PE Ratio.
•At current earnings not including any acquisitions insurance company alonewill add over £10m in market cap value -over 3x of investment.