Alpha Growth Share Discussion Threads

[mick sturbs] 12/4/2021 09:52

Is this an all time high?

[sharekitchen1974] 12/4/2021 09:47

Here we go

[7rademark] 12/4/2021 08:50

NT to buy anything online.

[onedayrodders] 12/4/2021 08:26

Topped up on the bell ... looking for great things here

[onedayrodders] 12/4/2021 08:20

Good post from gilesfitzh LSE

"You may not have seen the documentation that accompanied the Share placing Prospectus but Northstar’s Proforma net profit after tax was stated as $487k which equates to about £355k.
The fees that will be earned, over the next 12 months, on the current $25.5 million AUM, assuming a 10% return on the fund, come to £195k.
So the ALGW Group’s projected annual income on today’s joint AUM is £550k.
Northstar’s Operating Expenses are paid for in the £355k net figure above.
ALGW’s 2020’s Operating Expenses were £567.2k including £247k of Directors Fees, £12k of which was made to departing Directors, so call it £555k.
I think we can say that, as of now, ALGW is, more or less, breaking even.

So for the future:
Michael Molloy has joined and will presumably be paid about £100k which will only need about an additional $14.5 million of AUM to recover that in fees.
IF the RCF Counterparty directly invests $100 million in BOAGF that would generate an additional $1,050k or £765k in fees which goes straight to the ‘bottom line’.
Likewise whatever the existing BOAGF investors increase their investments by, and this could be another $100 million, will also generate fees that go straight to the ‘bottom line’.
In addition there is a good possibility that clients of Northstar, who have $270 million AUM, will see the benefits of also investing in one of ALGW’s funds or SPVs.
It is worth noting that any AUM in the G&I fund or SPVs will generate up to x2 the fees as they do not need to be shared with SLIM.
At some point between now and March 2023, holders of the 170 million warrants (net of Pello’s) will want to pay for them, and this will give ALGW a further £5 million of Share Capital on top of the ‘extra’ £200k raised recently.

All in all I think the ALGW Group could well be showing net profits in excess of £1.5 million per annum in a year’s time.

Will GS complete any of the acquisitions that Northstar’s had lined up and thereby increase the Groups AUM even further?"

[7rademark] 12/4/2021 08:17

We are now at October 2018s sp, yet the company has advanced and grown considerably since then.

[oakey1] 11/4/2021 13:10

Hey king Suarez
....I can see this one going well from this point on so after bobbing in and out for over 2 years it’s now a long hold for me ...oakey

[7rademark] 11/4/2021 11:03

Increased demand into Fridays close saw a closing ut trade of 4.49, an additional 303k went through late at 4.59, maybe they will open it flat or slightly up, I'm sure there will be games as they look for sellers. Look at Fridays delayed trades for the clues.

[801710245] 11/4/2021 10:23

Guess for Monday:

Quiet first twenty minutes - building as the day wears on.

[tewkesbury] 11/4/2021 09:05

Looks good.

[oilhunter2020] 11/4/2021 08:47

Gonna tell you on Monday ;-)

Have a nice Sunday all!

[garykc] 11/4/2021 08:22

Any guesses on the Monday open??

[king suarez] 10/4/2021 14:44

The BOAGF is a 50/50 partnership with SLIM. The fund has a 1.5% AMC and gets a performance fee of 20% for any outperformance above 7%. Last year it did 10.63%. Let us assume it maintains c10% return, then for every $100m AUM:

$100m x 1.5% x 0.5 = $750k net to ALGW
$100m x 3% x 20% x 0.5 = $300k performance fee net to ALGW

Total c$1m net revenue.

However, ALGW have their own fund, which I don't think has yet launched. I would expect this to have a similar fee structure - and if the RCF 'lender' is investing through that it could be more lucrative for ALGW if not a 50/50 partnership like with SLIM?

[onedayrodders] 10/4/2021 14:35

Is there any 'ball park' guidance or estimates on how much revenue they are likely to earn on x amount of AUM etc.

AUM look primed to grow healthily from here but would be good to have an idea of what that actually means in revenue terms.

[7rademark] 10/4/2021 14:35

Snow ball effect.

[gilesfitzh] 10/4/2021 13:28

Copied from my posts over on LSE:
We have known for some time that the counterparty to the RCF is considering direct investment but this is the first time GS has quantified what level of investment this might be. It could be $100 million.
In addition to a larger fund size being of interest to more institutional investors and family offices, the existing investors in BOAGF are likely to increase their investment as most have 'rules' limiting their maximum percentage investment in a particular fund.
Of course it is not yet a done deal and all 100 life settlement policies may not pass whatever requirements the counterparty has but, if it does get signed off, ALGW will be boosted to a new level.
To give you an idea of how important the larger BOAG fund could be with regards to additional investment by existing investors consider this:
The original seed investment arranged by SLIM was $10 million.
During 2020 an additional $10 million of investment was made. Let us assume that these investors limit their investment to no more than 10% of the total invested in a fund so we would be looking at 10 investors each investing $1 million.
IF the counterparty invests a further $100 million then each of the 10 investors from 2020 can increase their investment in BOAGF by an additional $10 million. I'm not saying that they would all put in the maximum but that's a potential further $100 million. The investors who invested $5.5 million in Q1 of 2021 might also be able and willing to boost their investment now that the total fund is $100 - 200 million. The total could quickly get to $250 million. That is a non-correlated fund, the size of which would surely become of serious interest to yet another swathe of II's and family offices and so the success of BOAGF would go from strength to strength.

[gilesfitzh] 10/4/2021 13:25

The MMs won't ever have any real problems. If they have more buyers than sellers they just keep putting the price up until sellers are drawn in.
However we could see some very rapid price rises to achieve this :)

[jambam] 10/4/2021 12:07

20p won't take that long imo

[onedayrodders] 10/4/2021 11:58

Will need £100m market cap for II's to get involved I believe

[7rademark] 10/4/2021 11:48

428m shares in issue, however I honestly believe that after two years or more of individuals accumulating stock the shares available from traders weaker holders and situational sellers must be a fraction of the stock in issue.If iis want to get involved, which is likely then we will see the mms facing real problems.

[pretax2] 10/4/2021 09:16

Clearly Alpha isn’t going to go up in a straight line, but this does look like a significant re-rating in progress.
When to sell?
All of mine are in the bottom draw now. Ride out the bumps and wait for a couple of years (at least).

[baghdaddy2018] 09/4/2021 20:57

I'm pleased with myself too having bought lots a few years ago around the 1p mark and I'm still not selling any.

[801710245] 09/4/2021 20:17

Quite pleased with myself today - having bought at 3.75 seconds after the bell.
Bought another 20k around lunchtime (4.5) and was a bit miffed cuz I could have bought sub 4.3 later. But a strong finish gives me reason to look forward to Monday morning (not that I'm wishing the weekend away).

:o )

[7rademark] 09/4/2021 17:52

Someone missed the bell and paid 4.59, that will be the ask on Monday, have a great weekend all.