Alpha Growth Share Discussion Threads

[richardjohn10] 02/10/2018 08:23

What does Swick actually get out of it?

[jprich] 02/10/2018 08:20

Yes I wondered that aswell what about Sahney he could have also taken part if only to keep up his percentage. But I am sure Swick sees an oppotunity in the business why else bother with a small outfit like this.

[richardjohn10] 02/10/2018 08:05

Exactly cyberbub

[cyberbub] 02/10/2018 08:03

I'm interested enough here to have dipped a toe with 250k just now. Let's see what happens. GLA

[cyberbub] 02/10/2018 07:59

If Swick was permitted to buy in the placing, and has $10m in his pocket (according to the apparent statement of Mike Statten), why didn't he buy say 5M shares for £100K?

[richardjohn10] 02/10/2018 07:51

Time will tell........

[jprich] 02/10/2018 07:49

Swick is the reason I invested and his CV and the market cap. For me if he can get a few hundred million AUM in 12 months it's still a multi bag here and something to build on.

[cyberbub] 02/10/2018 07:30

"Why wouldn't they use huge companies already set up in this field?"Perhaps there's plenty of market available for a new company to take some, especially one run by a well known CEO?True it means there's no "moat" around the company. But I suppose there doesn't need to be, if they just land some decent deals.

[richardjohn10] 02/10/2018 07:20

Thanks for that Basically if Swick leaves the companies in trouble

[jprich] 02/10/2018 07:13

That's why directors have small number of windows of opportunity and are often rightly restricted. You ought to find out more about insider rules.

[richardjohn10] 02/10/2018 07:09

He ain't gona get chance to buy any more then if he's got multiple deals like is being ramped lol

[jprich] 02/10/2018 07:08

If he is working on a deal then he has inside knowledge. That would be front running ahead of a deal if he buys shares now and therefore illegal.

[richardjohn10] 02/10/2018 07:03

Why wouldn't they use huge companies already set up in this field?Why does Swick have to wait till a desk is signed before buying more shares, has someone not just made that up?

[cyberbub] 02/10/2018 00:08

So basically then, ALGW are looking to buy large blocks of life insurance policies that US residents have surrendered for less than their face value, because they're desperate?

So say there are 100 people each with a $1M life insurance policy, ALGW will buy that block off the people and give them (say) an average of $500k each depending on their actuarial position. ALGW will then gain an income from the assets underlying the life insurance policies, which should eventually mature on each person's death, but will pay ALGW the $1M instead, if each person is below the age of 65 (or whatever age the policy says) when they kark it?

So how does ALGW get the $100M capital together?

Or is it separate investors that buy the life insurance blocks, ALGW get a small one-off commission for arranging this, and then an ongoing annual management fee for each policy or block of policies?

Surely an annual management fee would be a lot less than the 5% that Euclid5 suggested above? Most fund/financial management companies only charge 1% p.a. of the total value under management, often less these days.

[hope67] 01/10/2018 23:55

I do know Swick has some excellent contacts and I would think he will use these to Algws advantage.

[hope67] 01/10/2018 23:53

I am led to believe that Swick can not buy on the open market until after a contract is signed and delivered. I have been told that he was able to take part in the placing as he was inside. So it is different rules.

[cyberbub] 01/10/2018 23:33

Just looking in here again.

I keep thinking it seems like the sort of company which *might* do well:

* Market cap of only £2.5M, any reasonable contracts/revenue should see it double or treble as a minimum.

* Low costs in the last results, only £0.5M per year, though that might have increased with Swick coming on board?

* Probably enough cash to last until next spring/summer following the last placing.

* Management talk a good talk, and appear to have experience in their field.


My concerns are:

* Why aren't the management buying shedloads at these levels? Some of the key directors hold a few %, but why has Swick only bought 750,000 (£15k worth)?? Why haven't they updated the major shareholders page on their website for 10 months?

* It all seems slightly shady, buying companies in the Virgin Islands for £1, etc. Do/will ALGW shareholders actually get the benefit of any uplift in the value of the company?

* Lots of 'promises' on social media of bonanzas, ramping, leaking etc

* I'm still not entirely clear what they do and how they will make their money, what profit margin is likely etc. If they "close a $100M contract", what percentage do they get? Is it a one-off gain, or do they make a management fee on an ongoing basis? Euclid5 suggests in a recent post that they will make a 5% AMC, is that written down anywhere?

* Who holds the risk in these SLS assets? Exotic, leveraged, bundled financial products (CDOs etc) didn't do very well in the Great Crash 10 years ago....

* The website of Swick's previous employer says virtually nothing about what they do, either.


Hmmmmm…...

[jprich] 01/10/2018 13:30

Slow but sure the offer price again rising 1.99p to 2.00p to 2.025p....

[double double] 01/10/2018 13:18

Disagree guys the overhang is gone buying from now on will take us higher. Bounced off the support.

[hungary16] 01/10/2018 12:32

I agree - this is going down unless there is positive news very , very soon !

[richardjohn10] 01/10/2018 12:27

This is gona tank

[euclid5] 01/10/2018 11:01

more pumping,amazing how these twitter posters can put what they like and pi's belive them.

If Swick thinks this will be up more than 3000% (60p to 29 today) he along with the BoD's will be buying serious amounts of shares

Lets work ths out in a different way shall we

126m shares x 60p = £75.6m market capital

say they get a £150m mandate at 5% AMC plus 10% comm on performance

£150m x 5% = £7.5m x 10x = £75m, maybe possible

Not sure how the perf fee works as they are not investing the SLS policies - they just wait for deaths then the policies pay out - so not sure they get a performance fee - perhaps a introductory fee

[jprich] 01/10/2018 10:28

DARTH TRADER
‏ @bcoops12
5m5 minutes ago

#ALGW news is well overdue here expect a re rate when it drops .Nice to meet mr swick last week he's very confident of the biz and expects price target of around 60 to 80p over next 12 months. That will do me nicely