Alpha Growth Share Discussion Threads

[toolsmoker] 12/10/2018 14:50

Rumours rns on Monday am .could be last chance to buy sub 3p now

[cudmore] 12/10/2018 13:34

Hope67

When the contracts land you can stick a zero after that 4 for starters. These could be the multibagger of the year! Market cap of 3.5m???? Do the maths and you’ll see why there is such a buzz around these at the moment.

[hope67] 12/10/2018 11:34

Agree Mac need some decent info on lse it got a couple of wallies on it who think it is magically going to hit 4p

[hope67] 11/10/2018 22:32

think the management fee will be around 1 to 1.5%

[mac_steven] 11/10/2018 21:12

It might be worth putting those posts on LSE euclid.The board over there seems to be going downhill.

[euclid5] 11/10/2018 21:06

Devonshire W are an AR of Connexion Capital

(est. 2007) is an investment advisor specialised in alternative investments. The firm has rapidly established itself as an advisor to a number of UK Local Authority Pension Funds and European family offices on investments in hedge funds, private equity funds, and direct investments. Emerging markets debt, and renewable energy have been some of the areas of focus. The firm also anticipated and invested in the sub-prime mortgage crisis.

We have longstanding relationships with leading investment managers in North American, European and Japanese markets, as well as in developing markets in Asia, Latin America and Africa. We have also directed public pension funds we advise to make direct investments in renewable energy in the U.K.

With an investor base in the UK, Connexion Capital’s principals have collectively raised in excess of $ 2 billion for alternative investment managers.

Connexion Capital LLP is authorised and regulated by the Financial Conduct Authority. (FRN No. 480006)

hxxp://connexioncapital.com/

[mac_steven] 11/10/2018 20:41

I'm hoping that the meetings DS has had and with his track record,that this bears fruit shortly.Gobind Sahney did state the proceeds from the placing last month 'will be used to achieve certain service contracts which will strengthen our market position and we are excited about the prospects of the Group in the near term'.

I am also keen to see the benefits of retaining the services of Devonshire Warwick and what they will bring to the table.

[euclid5] 11/10/2018 20:39

15 March 2018

Tax Cuts and Jobs Act boost to Life Settlement market

The Tax Cuts and Jobs Act 2017 (TCJA) is perhaps the most significant tax legislation to be introduced in the US since the Tax Reform Act of 1986.

The new legislation was signed into US Federal law at the end of 2017, and has been broadly welcomed by the Life Settlement industry as a change that will further support initiatives to increase policy supply.

Whilst the scope of the TCJA is extensive, its impact on the supply of Life Settlements in the market is twofold:

The tax position of a life assured selling their policy in the secondary market is now more favourable.
The estate tax exemption has been increased, meaning that policies originally purchased for estate tax purposes are now more likely to come to the secondary market.
Given the IRS's taxation rulings on Life Settlements in recent years, the TCJA brings welcome clarification on the future taxation of LS transactions in the secondary market.

In essence, under the TCJA, a policy holder looking to sell their policy in the secondary market can now offset their cost of insurance against any gains realised through sale; hence reducing their tax liability. This brings the taxation on policy sales in line with the tax treatment for surrendered policies - a logical step.

Direct to consumer initiatives are just one important step that life settlement providers are taking to raise consumer awareness of the life settlement option and we are optimistic about the positive impact these efforts are likely to have on secondary market supply volumes in 2019 and beyond."

"Under the TCJA there are likely to be more reporting requirements for parties involved in the origination chain, and investment managers - but, this is all perfectly manageable given the overall benefits to the industry".

[euclid5] 11/10/2018 20:36

Example based on $250k valu polices x 60,000 = $15B worth

15 years bought 2500 policies with $145m MV = $9.6m value pa

SL's Experience

Experienced in our field, SL has purchased over 60,000 UK and US traded life policies since inception.

Entering the US Life Settlement market in 2003, we have subsequently managed or advised 12 Life Settlement portfolios purchasing over 2,500 policies with approximately $145 million maturity value collected for investors.



____ _____________________________________________________

The below gives you an idea what they charge to run a portfolio 1.5%

[euclid5] 11/10/2018 20:25

Ok thanks for confirming.

SL Investment Management is a private company trading for several years, about 25

They were mentioned in the Admisdion document along with a Swiss or German company also, again private.

hxxp://www.slinvest.co.uk/

[mac_steven] 11/10/2018 20:18

Yes euclid-I did state I feel the contract provider (eg ins co.) would get the 15%IRR.We will get the mandate and earn the 2-5%? plus recurring fees.IMO.By showing we can earn the 15% IRR should ensure we continue to get further mandates.

[euclid5] 11/10/2018 19:20

I shall have a listen to the Vox interview again

[euclid5] 11/10/2018 19:20

Hi Mac-Steven,

Thanks for that info, the key question here is if they get to manage a large portfolio, which they are not funding, but say a hedge fund does, doesn't the hedge fund get the 15% IRR & Algw just get the management fee / bonus fee etc.

Unless thery are funding the purchase of the mandate, they will not get the benefit of the annual IRR 15%, I think anyway.

Good that we are up in today's bad market

[cudmore] 11/10/2018 14:03

1 trade!!! Contract news on its way???

[cudmore] 11/10/2018 13:51

The mm’s know news is imminent here hence trying to get what stock they can. Buy and hold for double digits when the contract news drops.

[jprich] 11/10/2018 11:40

5P coming soon



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[john_l] 11/10/2018 11:12

Hi Mac what trying to find the Vox interview, what was the date ? ?

[mac_steven] 11/10/2018 09:41

Hello euclid.Yes,DS did mention the 15-16% IRR in the voxmarkets interview.Are SL investments quoted on any stockmarket? I believe DS was excited to join ALGW as he stated we are the only listed UK co. in this sector on the UK market.My thoughts are that the 15% is what we would earn per policy on average which benefits the fund (for want of a better name),thereby benefiting the contract provider and we would get a percentage of that.Obviously we would get the initial percentage (2-5% seems to be the favourite figure) together with the management fees.
I think the MM's,with these spikes up & down,are testing PI's to see where the strength lies.Clearly the force is strong and in volatile markets,this is the perfect stock to be in.Once DS lands the next contract I believe the rewards will be excellent for shareholders with the small free float.

[jprich] 11/10/2018 08:56

Good recovery after early drop shows the strength here. Rises based on facts, in the background.

[jambam] 10/10/2018 22:37

(a) is the key for me. The recent placing was to get all the ducks lined up. Investing in ALGW at this stage could make a lot of people wealthy in a few years. SLS maybe a niche market but one hell of a lucrative one if tapped up which is exactly what ALGW are doing now.

[cyberbub] 10/10/2018 22:18

I had worried that the flotation was some sort of scam, but (a) it's main market listed, and the regulators and enforcement agencies do hold companies to higher standards than on AIM, (b) the market cap here isn't of the level that is going to make anyone fabulously wealthy if they were trying to dump shares before galloping into the sunset, (c) the cash burn doesn't seem excessive, (d) there's no obvious Chinese link.

No advice intended

[cyberbub] 10/10/2018 22:13

That's an encouraging sign from Spreadex, Euclid...

I'm sure there are a number of competitors in the field, however as we said it only needs a block of a few hundred individual peoples' policies to make a very decent value of £100M - £200M, and to catapult ALGW into decent profit. 1000 policies+ and we're away to the races.

The trading on this share is extremely volatile. There's clearly heavy resistance around the 3p area, with plenty of people willing to sell 100k - 300k shares. Who knows whether they're initial pre-IPO investors (you would think they'd be out by now if they wanted out?), traders from sub 2p like 'jprich', or profit-takers from the placing at 2p (again I would think most people who wanted to sell at a 40-50% profit would be out by now?).

I've been able to get quotes to sell several hundred thousand shares (up to 0.3% of the company) in one go all week, even during quiet periods, which makes me think that someone might be building a large position (say at 3p?) in the background, without declaring yet?

The volatility implies that the free float is probably quite tight?

Any thoughts?

No advice intended

[euclid5] 10/10/2018 20:44

went to buy more today via SpreadEx, but again they are taking closings only, which means they said none of their clients have sold any. This is the same news they told me about 3 weeks ago.