Alpha Growth Share Discussion Threads

[7rademark] 01/6/2021 21:06

801, try not to forget the mms can use limits for their own agenda, also if you only have a couple of hundred k for example it's impossible to really call the limits.E.g if you have say 600k algw and the mms will take the lot it's a fair call they want stock and feel confident they can sell it back higher, a good indication the share price will move up, however often if you want out a tick down on the bid presents that opportunity, if someone takes it then the limits change again to perhaps NT to sell as the mms only want buyers to take the sold stock.These figures vary of course with other stocks depndant on the share price and nms.I hope you havnt misunderstood me by buying today simply because you could sell your holding when on Friday you couldn't. You can deal at best as I've mentioned, or you can set a limit trade, or call your broker and ask them to get a firm price from the mms.

[terminator101] 01/6/2021 20:54

It dropped over 10% on top of the 5% on Friday. I think it will keep going lower when people catch on that Gobbind isn't going to deliver the RCF this month either.

[mick sturbs] 01/6/2021 20:26

Evening 801. Fair enough and of course a profit is a profit after all, I just think the risk of being out when the big one lands is quite high. I couldn’t be bothered trying to trade this. I’m far too lazy anyway.

[801710245] 01/6/2021 18:53

Evening Mick, that's a fair question.


At the time I wanted to sell, the bid/offer had been stuck at 6.8/7p for quite a while. I listed the reasons for reducing my exposure at the time - but the main reason was that I sensed the next price move would be down - and the chance to 'buy-back' a bit cheaper. I couldn't get a quote, so didn't sell any.

Now, interestingly, 7trade said I could have used the 'at best' facility. But I've been stung by poor deals (buying and selling), in the past. Accordingly, I'm reluctant to trade without knowing what price I'm getting.


As it turned out, following the poor reception to Friday's developments, I could have bought back cheaper today, regardless of what price I may have got on Wednesday or Thursday. But as 7trade has also pointed out, a good time to buy is when you can get a quote to sell your entire holding - which is what transpired this morning. Also, if I had been able to sell at 6.8 last week, I'd have been buying-back at this morning's price anyway.

I admire those with the patience and fortitude to hold - come what may, for a given target price.
For me however, there is too much volatility for the potential benefit of trading spikes, to be ignored - be those spikes up or down.

[lloydiee69] 01/6/2021 17:29

so what happened to the big tank ..or is it tomorrow now

[mick sturbs] 01/6/2021 15:33

801, last thursday you wanted to sell 100k, but today youve bought more, what changed your mind if you dont mind me asking?

[cszjrh2] 01/6/2021 10:33

Unconvincing "orchestrated" attempt to trigger a bit of a sell-off I would say based on recent forum chatter. Cant see it working personally but each to their own...

[oilhunter2020] 01/6/2021 10:31

Don't see any argument why I should sell now. I am comfortably in profit here, so I let it settle down a bit to be ready for the next upmove.

[801710245] 01/6/2021 10:25

Sod it,

My 12,500 will show at any moment.

[801710245] 01/6/2021 10:21

If one of you rich so-&-so's can snap up another 100,000 shares, I'll buy £800's worth.

Deal?

[801710245] 01/6/2021 10:20

double - post - sorry.

[scottishfield] 01/6/2021 10:16

Can (dummy) sell plenty now, but can't buy.

[801710245] 01/6/2021 10:11

...and the second hour could have been a lot better.

Where are all these 'buy trades' - those foretold if the price dipped?

[remarkomsoc] 01/6/2021 09:58

wot is the ceo playing at

[jambam] 01/6/2021 09:56

based on interim statement don't expect much news for a while. can see share price drifting back to 5p

[mick sturbs] 01/6/2021 09:53

Spoke too soon

[801710245] 01/6/2021 09:04

Well that first hour could have been a lot worse.


:o )

[cszjrh2] 31/5/2021 12:54

Fair enough. My prediction - less than a million traded, maybe excluding a rollover or two from people extending leveraged positions waiting for the news, finishing flat or slightly up. Of course that is all assuming we dont get the news at 7am. I just dont know who these holders are that know so little about the company to sell based on 3 month old figures. Based on previous run rates id have guessed at a 300k loss so...

[terminator101] 31/5/2021 12:00

Sub 5p IMO

[lloydiee69] 31/5/2021 10:18

at what price will the share price tank to on tuesday ..predictions please

[lloydiee69] 31/5/2021 10:18

at what price will the share price tank to on tuesday ..predictions please

[papy02] 30/5/2021 13:14

I’ve been starting to research ALGW (better late than never!).. Apart from KS write-ups (thank you!), random things I have noticed so far (and queries) are:

- Only 4 employees – presumably the 3 US-national directors plus the (part-time?) UK company secretary? Presumably the NED is not full time either, so 2-3 full-time equivalents?

- In the Sept 2020 Prospectus for Placing, they say “... the Company generally looks to appoint experienced industry operators as independent contractors rather than as full time employees”. Do we know if there are any such contractors being paid right now?

- Given the above, are the Mayfair and/or NY addresses just brass nameplates or are they actual offices?

- There is £205k of “other expenses” (in last annual report) that are not broken down – might include either of the above?

- With 3 US-national directors, including COO resident in US, a company dealing with US life policies, selling (so far) to US customers, why are they listed in UK rather than US? (at least they are not on AIM though!)

- Rajiv Rebello only stayed 1yr 1 mo as Chief Actuary (Mar 19 to Mar 20) – just long enough to get paid (in ALGW shares) for Colva Insurance Group . He is and was US based, and is now operating under a similar company name (Colva Actuarial Services) to that he sold to ALGW for £77k. You have to wonder whether his clients stayed with him or ALGW/BOAGF.

- I haven’t noticed inflation mentioned as one of the risks. If it rises, as seems to be happening, this will make existing policies that have been invested in less attractive, by reducing real returns? (though premature Covid-related deaths might have opposite effect?). And lower the prices of new policies, or any sale of policies/portfolios. This could damage the perception of an uncorrelated “safe” asset class?


These are all a bit random, but any/all comments welcome.

[terminator101] 30/5/2021 12:32

You do know that's not the same as making an actual profit. Neither does it say anything about the size of the revenue. Calls of 30p are hilarious. Well you are going to get plenty of opportunity to top up next week then.

[lloydiee69] 30/5/2021 11:21

well i hold 620k in here and not selling a bean till 30p with an average of 3.34p