Alpha Growth Share Discussion Threads

[tell sid] 16/3/2021 07:25

No. Mark Ward increased his holding to 83.9m shares or 19.6%, even after the dilution, so took up a lot of Placing shares; and the Fitzherberts remain unchanged at 12 million but representing a smaller proportion diluted. M Adler's holding also represents a smaller proportion <3% diluted but the resultant holding is not stated.

[soggy] 16/3/2021 07:09

3 RNSs out today. One holder selling 428m+ to another - raising their holding to 19.6%. They're confident! And another large holder has reduced to <3% by selling 12m.

And just after the Pello placing shares were issued.

Interesting shuffling around...

[mick sturbs] 15/3/2021 20:02

Tewkesbury, sharetalk, tell Sid, 7rademark, have you 4 all sold up and moved on, not seen you post here for ages?

[jungmana] 15/3/2021 09:10

Awaiting the rns: publication of fca approved prospectus and listing of new shares.

[city chappy] 15/3/2021 08:59

It's a different company following the acquisition. EBITDA positive, more customers to sell products into, still to launch the G&I Fund and awaiting the RCF.

[pretax2] 13/3/2021 19:31

I’m not sure even the MMs know which way this is going in the short term.
Up is the logical direction since we’ve grown as a business and carry less risk. Down would be a fab top up oppo though.

[garykc] 13/3/2021 11:52

Massive buying pressure most of the week and not a sniff of a rise in the share price. Holding back for the extra 187,000,000 dropping in on Monday possibly? Interesting times ahead I feel

[qsmeily456] 08/3/2021 11:33

Kens wrong and a 🔧🤣

The Placing, which will raise gross proceeds of GBP3,750,000, was completed at a price of GBP0.02 per share with a warrant to subscribe for an additional share at GBP0.03 valid for two years from admission. The 187,500,000 Placing Shares being issued represent approximately 77.8% per cent of the existing issued ordinary share capital of the Company immediately prior to the Placing.

Ken Chung

7 Mar '21 - 08:20 - 28 of 39

0  2 0

......plus 18,750,000 warrants exercisable at just 0.02p

[pretax2] 08/3/2021 08:59

Ken Chung notorious for presenting opposite spin to reality.
If he says sell, it’s a BUY.

[garykc] 07/3/2021 17:51

Hate it when Ken keeps ramping this share

[gilesfitzh] 07/3/2021 12:12

Rather than paying Pello in cash for finding the people willing to invest £3.75 million in ALGW, GS obviously made a good enough case that they were willing to accept 18,750,000 warrants at 2p. This way Pello only make any money once they can sell at over 2p and ALGW also get a further £375k of funds.

[cszjrh2] 07/3/2021 12:03

Indeed. If you're going to deramp at least be factually correct.

[mick sturbs] 07/3/2021 11:24

Ken just doesn’t get it. Poor Ken.

[romeo47] 07/3/2021 10:39

And??

When exercised the second warrants bring in another £5.6m and I’m sure they’ll use it wisely to bring more AUM under the company management structure.


Comfortable with this process so see ya Mr Chung.

[ken chung] 07/3/2021 09:58

So get this into your thick head:

Shares currently in issue = 240,820,000


Shares to be issued:

Placing = 187,500,000
Warrants to placees (1 for 1) = 187,500,000
Warrants to Pello = 18,750,000

Total shares to be issued = 393,750,000

= 164% dilution

[lloydiee69] 07/3/2021 09:42

ooh dearie

[ken chung] 07/3/2021 09:39

The warrants to Pello are exercisable at just 2p:

"Subject to the completion of the Placing, Pello Capital will be awarded 18,750,000 warrants exercisable at the placing price of GBP0.02p valid for two years."

What is even worse is there is also one warrant issued to the placing participants per 187.5m placing shares, meaning another 187.5m warrants, taking total dilution to around 160%%.

Lemmings and mushrooms only.

[gilesfitzh] 07/3/2021 09:00

If you had any idea what is going on in ALGW your post might have been worth reading.
First the 187.5k shares were placed in order to buy an insurance company making about £350k net profit a year which will pretty much make the group break even. The value of the insurance company now that it is owned by a plc rather than an individual is about x3 what has been paid for it.
When you spend money to buy another company it is called acquisition not dilution.
Second the warrants are at 3p so will only be taken up when we are all showing a 50% profit from where we are today.
If you consider that ALGW is for lemmings and mushrooms only you are presumably not invested here so why are you wasting your time posting here?

[ken chung] 07/3/2021 08:20

187,500,000 Placing Shares being issued tomorrow = 77.8% per cent of the existing issued ordinary share capital of the Company, plus 18,750,000 warrants exercisable at just 0.02p within two years = 206,250,000 shares, total representing 86% dilution!

Plus 1 fo 1 warrants to placees!

They are just dilution merchants and the 2p warrant exercise price tell you what they think of forward value.

What is more the fund only managed 10.6% growth at a time when a record number of people were dying of Covid, so probably will perform even worse once the vaccinations kick in.

Lemmings and mushrooms only.

[lloydiee69] 05/3/2021 16:19

money ready for top up on monday ...if it drops to 2p

[garykc] 05/3/2021 14:29

RNS out. AGM resolutions all passed. Monday new shares hit the market.

[wiganer] 04/3/2021 14:07

They should announce that they are doing blockchain then the price would be 50p

[chapv] 04/3/2021 13:45

he's got a morbid sense of humour!

[garykc] 04/3/2021 11:45

2p + 18p = 20p

[pretax2] 04/3/2021 11:01

LOl 😂