Alpha Growth Share Discussion Threads

[cszjrh2] 09/5/2024 13:37

Black Oak Alpha Growth Fund was setup in 2019.

[logica2me] 09/5/2024 12:58

Billthebank - It's a notification of a $35m hedge fund set up in the Cayman islands.

[7rademark] 09/5/2024 12:16

If cash is 20m then the current mcap is half cash. I think that was obvious. I'll stay thanks. If your so clever then post your views on how the cash has gone from 200k to 7.4m so quickly and perhaps inform the board of the total debt paid down by algw.

[billthebank] 09/5/2024 12:09

What does this mean

[logica2me] 09/5/2024 11:49

I will push the NOMAD for this if I get a chance. Busy schedule today.

[7rademark] 09/5/2024 11:21

A trading update is required as an mcap that should reflect projected growth and income may well be vastly undervalued at 50% cash.

[logica2me] 09/5/2024 11:21

Absolute no brainer. I'm just freeing up some more cash so I can buy more at this level.

[7rademark] 09/5/2024 11:18

As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).That's 2.47m profit a month from Sept 23 to Dec 23. Assuming these profits have stayed the same (they have almost certainly increased) by the EO may 24 Algw could be sat on cash at 19.78m half the current mcap.

[logica2me] 09/5/2024 11:05

Qsmelly456 filtered. Thanks christ for that.

Expecting further buying this afternoon and a push towards 3p+

[7rademark] 09/5/2024 09:39

Looks like a buyer is in the background as again the bid and offer creep up on there own.The mms certainly know how to get stock. They Placed a late reported sell at 16.35 yesterday simply to crash the share price to 2.2p knowing that the price would then open up and encourage sellers. It worked.

[logica2me] 09/5/2024 09:15

Perfectly poised now. Pretty sure the buyer is still in the background...

Expect to see 2.5p very soon

[7rademark] 09/5/2024 07:10

So you slate me for not knowing what the debt was but do not know yourself. Of course it was significant what debt isn't. The company had 200k in cash is Sept 23. In Dec 23 they had 7m. That's 2m+ a month. The report is effectively now 4 months old so it's very possible they have 15m plus now.

[jimduggen] 09/5/2024 05:27

In order to file our accounts on time, the Directors elected to follow the accounting policy previously adopted for these contracts and to explain the departure from IRS in accordance with their responsibility statement. This has led to the auditors disclaiming an opinion. The Directors are considering their options going forward and have started the process of sounding out potential new auditors who have the required in-house IRS expertise. Whichever route we choose we will start work on ensuring the accounts are fully IRS compliant in 2024 as soon as practicable.
Following positive and constructive correspondence with the Financial Reporting Council, th board have spent a lot of time and effort enhancing the disclosures in the accounts. Some
hese ennancements are discussed below
The Board has decided to disaggregate those assets and liabilities of the insurance subsidiaries which were previously listed as one line, with a separate note detailing the underlying assets We believe the accounts now give a clearer picture for our shareholders as to the strength of the business.
As at 31 December 2023, the Group held a very healthy £7,420,418 within bank accounts, excluding amounts held within life policies. The Board has adopted new KPIs as detailed on page 13, both of which demonstrated stability following the acquisitions at the end of 2022. The assets under administration and management stood at $619 million, a small advance towards our $2B goal, whilst the surplus in net current assets over regulatory capital requirements stood at £2.7 million.
In further positive news, the Company has repaid its borrowings and is now debt free.

[jimduggen] 09/5/2024 05:23

Their accounts are fine.
They will adjust over to the standards this for this years accounts.
It is complex with the type of assets they hold but they will

[melody9999] 08/5/2024 21:58

In the annual report page 58 note 4, operating expenses (other) have increased from £1.1M to £2.9M. No commentary on this increase. Has anyone any idea what expenses account for this increase?

But I also note:
2023 accounts – auditor disclaimed opinion
Not in compliance with UK Governance code

These guys just seem to ignore UK standards and code. So that makes them uninvestable for me anyway.

[7rademark] 08/5/2024 21:50

I take it you've been drinking with the repeat posts.

[cevodniya] 08/5/2024 21:36

Logicatome 20p

[cevodniya] 08/5/2024 21:36

Logicatome 20p