Alpha Growth Share Discussion Threads

[richardjohn10] 23/11/2018 14:11

The fall was neededGet rid of the weaklingsTen bagger for me all day.

[jungmana] 23/11/2018 14:02

My guess is a big holder(s) trimming . Could be an institution. Strong support at 2p

[invester2010] 23/11/2018 13:55

nice ... :) ££ - say thank you market. get some dudes.

[enewman36] 23/11/2018 13:53

something more to this fall than just PI's selling imo

[letmepass] 23/11/2018 13:51

Last fund raise at 2p... Get ready for 2p

[jprich] 23/11/2018 13:44

ALGW blog on Artemis website

Sorry if alread posted note the last sentence

hxxp://www.artemis.bm/blog/2018/11/23/alpha-growth-sl-investment-mgmt-join-for-life-settlements-fund/

Financial advisory business Alpha Growth plc said today that it has signed a joint venture agreement with established life settlements specialist SL Investment Management that will see the pair launching a new life settlements fund strategy.

SL Investment Management (SLIM) has been in the longevity risks and life settlements investing space since 2003, providing investment management and advice to institutional investors looking to access this niche of the insurance-linked investments space and with expertise across both UK and US domiciled life policies.
Alpha Growth plc is a longevity asset and senior life settlements investment service provider that is targeting growth through acquisitions and joint ventures in the UK and the US.

This week it was announced that Alpha Growth and SL Investment Management have signed Heads of Terms to launch an Open-Ended investment fund that will invest in life settlements.

The new fund strategy is expected to launch in the first quarter of 2019 and has a minimum seed commitment of $10 million, the firms said.

The firms will both act as co-advisors, with SLIM acting as the regulated manager for the fund. The investment fund will be open to investors globally, targeting those seeking alternative asset classes with a demonstrable lack of correlation to broader financial markets.

The firms said that the joint-venture reflects the fact that their executive teams know and respect each others abilities, giving them the confidence that they can deliver a fund that provides investors the ability to allocate to a life settlements strategy that offers both transparency and alignment of interest.
The firms said the collaboration is seen as the beginning of a long-term relationship.

Gobind Sahney, Chairman at Alpha Growth, commented on the news, “We are really pleased to be working with SLIM on this project and look forward to a long and successful collaboration.”;

Patrick McAdams of SL added, “The combination of Alpha and SLIM will be a strong combination unique in the marketplace. We look forward to working with Danny Swick, Gobind Sahney and their team towards the success of the Fund.”

Some insurance-linked securities (ILS) fund managers allocate capital to life settlements within their managed life ILS funds. The life settlements investment space continues to work hard to gain broader acceptance within the ILS investor universe and there is a signficant cross-over within the investor base.

However, being longevity linked assets they don’t suit all pension investors, who often have ample longevity exposure of their own, but appetite to invest in life insurance linked investments across mortality and other areas of risk continues to grow, hence the life settlements space is expected to as well.

[lr4850] 23/11/2018 13:26

Perhaps someone on the quiet is hoovering up the short termer's shares?

I am happy the traders are leaving chasing their next rainbow for their next 5 or 10 per cent beer money.

[7rademark] 23/11/2018 12:44

Amazed by people's lack of patience, looking at some of the sells they match the buys on rns day, why lose money when life changing amounts can be made.

[bobs good eye] 23/11/2018 11:38

cyber - a few years down the line there will be consolidation in the sector. No doubt Alpha will be snapped up.

[lr4850] 23/11/2018 11:24

"Good work euclid - cheers"

Will wholeheartedly second that.

[cyberbub] 23/11/2018 11:19

Euclid, can you clarify this for me re. the 5:1 ratio that's been mentioned.Are you saying that a $1M 'face value' policy (ie. payout value) will typically be sold by the insured person for $200k?As most people sell their policy when they are getting on in life and have been paying into it for decades, surely they must be in great financial distress to sell it for an 80% discount??Does that mean that SLS managers will be making a 400% profit ($1M/$200K), minus whatever premiums are still left to pay before the insured person dies?Although I do hold shares here, I hadn't quite figured out that it was so profitable.But the only reason it's so profitable is if people are willing to sell their policies for an 80% discount, ie. making a big loss on the premiums they have paid over the years. Surely in future policyholders will start to become more savvy, or else competition in the sector will reduce the discounts?

[2prsimo] 23/11/2018 11:13

Good work euclid - cheers

[euclid5] 23/11/2018 11:03

SL Investments has done deals with Coventry Life, one of the largest players in this business

[euclid5] 23/11/2018 11:02

based on the info available it's a very growing market & the JV with SL Investments is very good - take a read of the website - established 25 years

[mac_steven] 23/11/2018 10:44

euclid5-Thanks for post 1571-Very interesting.

[7rademark] 23/11/2018 10:41

Think my figures are Conservative then, by some way, bring it on.

[herb clark] 23/11/2018 10:40

Euclid you sound very positive about this share!

[euclid5] 23/11/2018 10:23

Policy payment costs to face values in above are approx 5 x - so $10m would buy approx $50m face value policies into the JV SL Investments Open ended Fund

[euclid5] 23/11/2018 10:21

EW YORK, June 1, 2017 /PRNewswire/ -- The Deal, a business unit of TheStreet, Inc. (NASDAQ: TST), issued results from its annual survey of the life settlement market which reveal that transactions increased 47% last year
Highlights from the report include:

• The number of policy sales grew to 1,650 in 2016, from 1,123 in 2015, while the total face value purchased increased to $2.14 billion, compared to $1.65 billion the previous year.

• Top six settlement buyers:

o Coventry First LLC led the market in the total number of transactions, buying 277 policies in 2016 compared to 168 policies the year before. Coventry First paid $51 million and purchased $264.54 million in policies.

o Magna Life Settlements, Inc. paid $159.04 million last year. Policies purchased by Magna Life Settlements totaled 266 transactions with $501.26 million in face value.

o GWG Life LLC tied for second place, also with 266 transactions last year, compared to 105 in 2015. GWG Life paid $61.03 million for $337.22 million in face value last year.

o Life Equity LLC placed fourth last year, paying $30.53 million for 150 transactions with a face value of $396 million. In 2015, Life Equity did 181 transactions with a face value of $332.78 million.

o Abacus Settlements LLC ranked fifth with 127 settlements, $34.49 million paid and a face value of $222.87 million.

o Settlement Group, Inc. ranked sixth with 122 settlements, $15.82 million paid and a face value of $138.59 million.

The full article is available online, or learn more about The Deal's Life Settlements League Tables by visiting

[7rademark] 23/11/2018 09:53

£15k approx of sells has just taken £175,000 off the mcap. And that's ignoring the buys. Lol. Love it.

[7rademark] 23/11/2018 08:44

Mcap is now 3.4m, miniscule in this sector. We have a Jv with a minimum 10m book, usual cut approx 20%We are fully funded so no need for cash.If the next contract is say 50m then that immediately prices us at an mcap of approx 12m and a share price of 12p. Aimo

[7rademark] 22/11/2018 19:34

Similar chart formation to that of September, the price then went from 2p to 5pToday was a real non event, the offer was raised to 3.4p for seemingly no reason at all, but the tight trading range was encouraging.

[richardjohn10] 22/11/2018 18:52

Topped up on the buzzer tonight. Hopefully some tasty RNSs to land soon. Feeling confident investing here!

[7rademark] 22/11/2018 15:17

Tight spread for once so it looks like a move up is likely.Mcap of 3.6m is why I am here. Its cheap and just a waiting game for the market to catch on.