Alpha Growth Share Discussion Threads

[neilyb675] 10/8/2023 10:34

buys showing as sells

[wiganer] 01/8/2023 08:39

Worth a nibble at 1.5 maybe.

[baghdaddy73] 31/7/2023 20:55

Previously there's money to be made trading this, but now its a very different company. Newsflow when it arrives will change the outlook for many and IIs will start getting on board. We all wish we had sold at 7p and could buy back now sub 2p but that is what it is. I'm here for the longhaul and look forward to the next news and acquisitions which won't be too far away

[oilhunter2020] 31/7/2023 20:31

Just show me that I am wrong.
We always get a fast upmove with slow dive afterwards and so on and on and on and...

[king suarez] 31/7/2023 17:42

I could wait another 2 years for your next insightful update/analysis tbh...

[oilhunter2020] 31/7/2023 13:23

Boring stock. Am invested here since 2 years and my conclusion up to now is that this stock is pretty good for trading. Whoever wants a stock with a steady upmove based on growing business is wrong here. :-(

[neilyb675] 21/7/2023 16:19

1.85 - 2.00 (GBX) at 12:46:23
on Market (LSE)

[neilyb675] 21/7/2023 16:19

1.85 - 2.00 (GBX) at 12:46:23
on Market (LSE)

[qsmeily456] 19/7/2023 15:53

🩳🩳🩳 are us

QsmeIly4563 Jan '23 - 20:25 - 5734 of 5735 Edit
0 1 0
1.5p anyone 🤣🤣🤣 paid rampers on the other thread brilliant 4 me 💰

QsmeIly456
8 Dec '22 - 18:39 - 5730 of 5733 Edit
0 0 0
Been 🩳🩳 this from 3p expect 2p test 🤣

[cszjrh2] 10/7/2023 10:22

Strong buy at this level. Next scheduled major milestone we'll see will be the HY23 results which will land in September. As per Financial Statements Note 15 in last years FY22 results gives us a strong indication: "Had both AILAC and Havelet been owned throughout the year revenues of the Group would have increased by £1,920,919 and profits by £686,886." From memory the company received AILAC revenues from August onwards so the £1.9m figure equates to the first 7 months of the year. Add in PLAC revenue and we should see HY revenue of £2.7m-3m and Pre-Tax Profit of £300K+. That will give a lot of people confidence that the company is making good progress. Of course as always we might see an acquisition RNS at any time. I'm still intrigued by the strangely specific comment about acquisitions in the Allenby initiation note - "These typically consist of operations, some of which are substantial (up to c US$1bn assets) but no longer regarded as core to their growth strategies." An acquisition of that magnitude would certainly move us on.

[cszjrh2] 19/6/2023 16:54

Yeah it's fairly common that they charge a premium for volume. Depending on the stock depth at the time I've tended to chunk up my buying into 200K-400K blocks.

[bobby.ifa] 19/6/2023 15:09

My 500K purchase was sneakily marked up at 2.35p, suggests to me they're short on stock.?

[bobby.ifa] 19/6/2023 14:21

Fantastic summary,best I've seen in years. I was in these once but it just dragged along,now there appears meat is on the bone & tempted back in.

[cszjrh2] 19/6/2023 11:52

Some good discussion at the AGM and also some robust questioning from shareholders around sentiment and communications.

The full board were present this time with Gobind, Jason, Neil and also Mark T from IR in the room. All three answered questions and spoke passionately about the progress they are making. The Board also spoke about the additions to the team in the past 12 months with Chad focussing on streamlining the funds business and establishing relationships with RIA in the US to market the interval fund. They highlighted the positive news of Dan Gray taking stock in the ALGW group as a whole rather than just PLAC. He's clearly a global leader in the insurance market which is reflected in his position as a Blackrock Operating Partner and I'm sure they'll be using his contacts and knowledge to accelerate.

Allenby were in the room and made a really positive contribution initially giving a general update on macro and market sentiment and also an indication of the status of some of the discussions that are in-flight with potential new investors.

It was put to the Board that shareholder sentiment had probably never been lower. Part of the Boards response was interesting as they said that from their perspective sentiment was wider than just shareholders and actually within the insurance / funds markets the company is starting to get noticed and is well thought of. They said that they are increasingly being approached by 3rd parties looking to collaborate on different ideas.

It was clear from those discussions and discussions around comms that the Boards current view is that their priority should be on growing the business. They feel that no amount of communication/PR from them on its own would lead to a significant re-rate and instead they would rather focus on growing the business and allow the market to catch-up in its own time. I don't fully agree with this "Field of Dreams" approach but equally if, as expected, the company posts a very strong profit in the HY and FY results this year I do think that the market will definitely take note. The company definitely also feel that keeping a lower profile is helping them when it comes to achieving competitively priced acquisitions and they are nervous about oversharing and tipping off potential competitors.

There was a discussion around profitability and the ability of the company to self-fund further acquisitions. The Board confirmed that the company is profit making, the balance sheet is strong and that they expected to be able to fund acquisitions of the size and scale of the last couple of insurance ones using the revenue coming into the company or by leveraging the balance sheet. They confirmed there is no reliance on the 3p Warrants and there are no plans for any other kind of raises.

The Boards focus remains on growing the business and the company eventually becoming a takeover target and it sounded like the 2B plan was definitely still on track to be achieved by 2025 at the latest. Back of cigarette packet assuming similar profitability as the current insurance/fund mix I make $2B AUM to be worth maybe £15m-18m revenue. £7m profit. If dilution broadly continues as it has been a PE of 12 and a 30% takeover premium would put a target price of 12p-20p depending on what Cost of Sales and Opex ended up looking like. I'd be happy with that, especially if it comes sooner than later. Have added 2m more over the past few weeks at 2.1-2.2p and now a few shares under 3%/TR1.

[cszjrh2] 27/5/2023 10:43

Pretty consistent buying volume this week. Given Dan Gray just took his 5% of Northstar in ALGW group shares at 2.6p and Jason Sutherland took shares for services provided at 2.45p its not surprising people are taking the opportunity to acquire below their prices. Not often PIs get the opportunity to buy cheaper than members of a companies board. Dan now has exposure to the performance of the full group of companies and not just Northstar. He would only do this if he was going to make significant gains by doing so. Given he is a very smart and capable individual who founded Northstar and is currently an executive partner of a major global asset manager this seems like a smart move. The company can benefit from his contacts and experience to take ALGW to the next level and the fact he is being compensated in shares is very positive. I was poking around on LinkedIn earlier in the week and noticed Jason has left his CEO role at DRB Capital and is full-time with Alpha. Given he was with DRB for about 9.5 years it looks like good news he's doubling down here. The spread is starting to tick up but still below Dan and Jasons prices. We just need some newsflow and deal progress and these low prices will be gone.

[cszjrh2] 23/5/2023 10:17

Hindsight trading is always the most profitable. My point is that the volumes traded here wouldn't generate sufficient profit for it to be worth anyone's while.

[oilhunter2020] 23/5/2023 09:43

I am invested here since 1,5 yrs. Call anybody a troll, but not me. The volume doesn't matter. After every spike selling and buying again at the low point after would have been the right strategy here!

[cszjrh2] 23/5/2023 07:45

"oking at the chart I need to conclude that this stock is just a nice one for traders."Yeah if you ignore the volume figures. Nowhere near enough liquidity here to be of any interest to range traders. You're now a very convincing troll. Please try harder.

[oilhunter2020] 23/5/2023 05:55

Looking at the chart I need to conclude that this stock is just a nice one for traders. Nothing less but nothing more. We need to find a new bottom after the next up-spike.... Disappointing up to now.

[cszjrh2] 21/5/2023 17:20

Some are and it's definitely understandable given the lack of comms. However as the last accounts show, Mark Ward has recently added 22m shares which must have cost him north of £500K so he's clearly confident things are going in the right direction. Personally, I think he's right.

[kaos3] 19/5/2023 11:21

meaning ... people are fed up and are selling for real

[baghdaddy73] 19/5/2023 11:11

There isn't one. You cannot get the borrow