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Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Growth Plc LSE:ALGW London Ordinary Share GB00BYWKBC49 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -2.0% 2.45 9,244,207 16:35:10
Bid Price Offer Price High Price Low Price Open Price
2.35 2.45 2.70 2.15 2.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -0.64 -0.50 6
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 UT 71,238 2.45 GBX

Alpha Growth (ALGW) Latest News (5)

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Date Time Title Posts
16/1/202113:52ALGW - Longevity Assets Investment Specialist - Could 100x bag1,138
15/1/202112:07Alpha Growth Lift Off5,586
14/1/202112:29Yesterday's exciting update 19
02/1/202117:46Proactive replace VOX10
31/12/202020:57Alpha Growth at the UK Investor Show1

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Alpha Growth (ALGW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-15 16:35:102.4571,2381,745.33UT
2021-01-15 16:13:172.3517,022400.02O
2021-01-15 16:11:162.3521,277500.01O
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Alpha Growth (ALGW) Top Chat Posts

DateSubject
16/1/2021
08:20
Alpha Growth Daily Update: Alpha Growth Plc is listed in the General Financial sector of the London Stock Exchange with ticker ALGW. The last closing price for Alpha Growth was 2.50p.
Alpha Growth Plc has a 4 week average price of 2.15p and a 12 week average price of 1.25p.
The 1 year high share price is 3.85p while the 1 year low share price is currently 0.95p.
There are currently 240,815,959 shares in issue and the average daily traded volume is 2,459,003 shares. The market capitalisation of Alpha Growth Plc is £5,899,991.
08/1/2021
12:41
tewkesbury: ALGW business getting stronger every day:04 November 2020Alpha Growth PlcCorporate UpdateAlpha Growth Plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class is pleased to provide the market with a corporate update on the Company's business. This release provides an update on the Impact of Covid-19 and addresses shareholder questions that the Company has received since its last update.The Company's fiscal year ended on 31 August 2020 with the audited accounts expected to be released in December. As expected, the Company generated its first revenues, albeit a modest amount, through its fund management activity. This initial revenue generation was a milestone that was eagerly passed and continues to be built upon.The significant activity the past few months has been the focus on marketing the BlackOak Alpha Growth Fund (the "Fund"). We are pleased to report that the AUM in the Fund has been doubled to approximately $20 million. In the month of October alone $7.6 million of subscriptions were received. The increase in AUM builds upon itself as the Fund will become eligible to investors who seek to invest a meaningful amount but do not want to hold, or cannot hold for internal or regulatory reasons more than a certain percentage of the overall AUM.We continue to market to registered investment advisors and experience higher open, click, and reply rates for email campaigns. These translate into introductory conference calls, due diligence reviews, and so on. The subscriptions in October into the Fund were the result of this process and excellent client service.The Fund continues to perform well and is on course to provide a return within the 10% to 14% target range. For the months of August and September the returns were 1.82% and 1.42% respectively. We will continue to build strength on strength.The Company's discussion with the Warehouse Loan/Short Term Credit Facility counterparty continues and is nearing a conclusive step. The counterparty's COVID policy is limiting their ability to conclude site visits to the Company's and our servicing agents' US based offices. The Company will provide further updates as discussions progress.The Company has begun its promotion of the Alpha Growth & Income ("AGI") strategy. As previously announced, this strategy is a combination of life settlements and life contingent structured settlements hedged by a life insurance policy that is suitable for investors seeking cashflow and growth, funded in either a separate managed account or as a co-mingled fund with a minimum investment of $50 million. The AGI can provide the investor an annual cash flow through the structured settlement asset and growth in the principal invested through the life settlement asset. The Company will provide further updates as discussions merit an announcement.The impact of Covid-19 has no doubt influenced the timing of various counterparties to transact with the Company. Over the past few months, it is evident that the management of the pandemic by various Governments is unpredictable and impacts the movement of individuals. In addition, the internal policies of counterparties pose some hurdles to concluding transactions in a timely fashion.The Company works with European, UK, and USA counterparties. A number of European and UK investors are stalled in their abilities to conduct business as before and adjusting to new ways of complying with their internal requirements for completing due diligence and progressing analysis with a dispersed workforce. This no doubt affects the ability of the Company to increase assets under management.As life settlements are uniquely a US based asset, the Company is allocating more time to prospective clients for its strategies in the USA, allowing for in person meetings, which has produced results for the Fund. The Company's CEO, Gobind Sahney, comments that "since July, I have travelled every month for meetings in New York, Florida, and Texas and continue to schedule meetings with US investors that are open to meeting."On an operational level, the Company continues to maintain a lean operating structure and sufficient working capital for its strategies. We are also pleased to announce the launch of our new website www.algwplc.com which is truly reflective of the professional and contemporary nature of the Company. The new website was influenced through shareholder input. In addition we launched a stand alone website for the Fund at www.BOAGF.com . The Fund's website continues the look, branding, and provides functionality for clients to access documents and other information through a password protected format.Going into the future the 2021 outlook is positive. At the conclusion of the US elections, whoever is the winner, the Company is still confident that, particularly with record low interest rates, continued volatility in the equity markets and the non-correlation of SLS assets, it will be able to continue its strategies, and also take advantage of further opportunities as and when they arise in the longevity asset sector.As previously stated, the continued impact of Covid19 policies are unpredictable and there will be an impact on Company's financial results if delays continue for an extended period of time. However, the Company's executives continue to allocate time to what they can control in order to build on the Company's progress.The Directors thank the shareholders for their continuing support and look forward to making progress on all strategies in as timely a manner as possible.
05/1/2021
08:16
tewkesbury: 04 November 2020Alpha Growth PlcCorporate UpdateAlpha Growth Plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class is pleased to provide the market with a corporate update on the Company's business. This release provides an update on the Impact of Covid-19 and addresses shareholder questions that the Company has received since its last update.The Company's fiscal year ended on 31 August 2020 with the audited accounts expected to be released in December. As expected, the Company generated its first revenues, albeit a modest amount, through its fund management activity. This initial revenue generation was a milestone that was eagerly passed and continues to be built upon.The significant activity the past few months has been the focus on marketing the BlackOak Alpha Growth Fund (the "Fund"). We are pleased to report that the AUM in the Fund has been doubled to approximately $20 million. In the month of October alone $7.6 million of subscriptions were received. The increase in AUM builds upon itself as the Fund will become eligible to investors who seek to invest a meaningful amount but do not want to hold, or cannot hold for internal or regulatory reasons more than a certain percentage of the overall AUM.We continue to market to registered investment advisors and experience higher open, click, and reply rates for email campaigns. These translate into introductory conference calls, due diligence reviews, and so on. The subscriptions in October into the Fund were the result of this process and excellent client service.The Fund continues to perform well and is on course to provide a return within the 10% to 14% target range. For the months of August and September the returns were 1.82% and 1.42% respectively. We will continue to build strength on strength.The Company's discussion with the Warehouse Loan/Short Term Credit Facility counterparty continues and is nearing a conclusive step. The counterparty's COVID policy is limiting their ability to conclude site visits to the Company's and our servicing agents' US based offices. The Company will provide further updates as discussions progress.The Company has begun its promotion of the Alpha Growth & Income ("AGI") strategy. As previously announced, this strategy is a combination of life settlements and life contingent structured settlements hedged by a life insurance policy that is suitable for investors seeking cashflow and growth, funded in either a separate managed account or as a co-mingled fund with a minimum investment of $50 million. The AGI can provide the investor an annual cash flow through the structured settlement asset and growth in the principal invested through the life settlement asset. The Company will provide further updates as discussions merit an announcement.The impact of Covid-19 has no doubt influenced the timing of various counterparties to transact with the Company. Over the past few months, it is evident that the management of the pandemic by various Governments is unpredictable and impacts the movement of individuals. In addition, the internal policies of counterparties pose some hurdles to concluding transactions in a timely fashion.The Company works with European, UK, and USA counterparties. A number of European and UK investors are stalled in their abilities to conduct business as before and adjusting to new ways of complying with their internal requirements for completing due diligence and progressing analysis with a dispersed workforce. This no doubt affects the ability of the Company to increase assets under management.As life settlements are uniquely a US based asset, the Company is allocating more time to prospective clients for its strategies in the USA, allowing for in person meetings, which has produced results for the Fund. The Company's CEO, Gobind Sahney, comments that "since July, I have travelled every month for meetings in New York, Florida, and Texas and continue to schedule meetings with US investors that are open to meeting."On an operational level, the Company continues to maintain a lean operating structure and sufficient working capital for its strategies. We are also pleased to announce the launch of our new website www.algwplc.com which is truly reflective of the professional and contemporary nature of the Company. The new website was influenced through shareholder input. In addition we launched a stand alone website for the Fund at www.BOAGF.com . The Fund's website continues the look, branding, and provides functionality for clients to access documents and other information through a password protected format.Going into the future the 2021 outlook is positive. At the conclusion of the US elections, whoever is the winner, the Company is still confident that, particularly with record low interest rates, continued volatility in the equity markets and the non-correlation of SLS assets, it will be able to continue its strategies, and also take advantage of further opportunities as and when they arise in the longevity asset sector.As previously stated, the continued impact of Covid19 policies are unpredictable and there will be an impact on Company's financial results if delays continue for an extended period of time. However, the Company's executives continue to allocate time to what they can control in order to build on the Company's progress.The Directors thank the shareholders for their continuing support and look forward to making progress on all strategies in as timely a manner as possible.
04/1/2021
07:57
tewkesbury: 04 November 2020Alpha Growth PlcCorporate UpdateAlpha Growth Plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class is pleased to provide the market with a corporate update on the Company's business. This release provides an update on the Impact of Covid-19 and addresses shareholder questions that the Company has received since its last update.The Company's fiscal year ended on 31 August 2020 with the audited accounts expected to be released in December. As expected, the Company generated its first revenues, albeit a modest amount, through its fund management activity. This initial revenue generation was a milestone that was eagerly passed and continues to be built upon.The significant activity the past few months has been the focus on marketing the BlackOak Alpha Growth Fund (the "Fund"). We are pleased to report that the AUM in the Fund has been doubled to approximately $20 million. In the month of October alone $7.6 million of subscriptions were received. The increase in AUM builds upon itself as the Fund will become eligible to investors who seek to invest a meaningful amount but do not want to hold, or cannot hold for internal or regulatory reasons more than a certain percentage of the overall AUM.We continue to market to registered investment advisors and experience higher open, click, and reply rates for email campaigns. These translate into introductory conference calls, due diligence reviews, and so on. The subscriptions in October into the Fund were the result of this process and excellent client service.The Fund continues to perform well and is on course to provide a return within the 10% to 14% target range. For the months of August and September the returns were 1.82% and 1.42% respectively. We will continue to build strength on strength.The Company's discussion with the Warehouse Loan/Short Term Credit Facility counterparty continues and is nearing a conclusive step. The counterparty's COVID policy is limiting their ability to conclude site visits to the Company's and our servicing agents' US based offices. The Company will provide further updates as discussions progress.The Company has begun its promotion of the Alpha Growth & Income ("AGI") strategy. As previously announced, this strategy is a combination of life settlements and life contingent structured settlements hedged by a life insurance policy that is suitable for investors seeking cashflow and growth, funded in either a separate managed account or as a co-mingled fund with a minimum investment of $50 million. The AGI can provide the investor an annual cash flow through the structured settlement asset and growth in the principal invested through the life settlement asset. The Company will provide further updates as discussions merit an announcement.The impact of Covid-19 has no doubt influenced the timing of various counterparties to transact with the Company. Over the past few months, it is evident that the management of the pandemic by various Governments is unpredictable and impacts the movement of individuals. In addition, the internal policies of counterparties pose some hurdles to concluding transactions in a timely fashion.The Company works with European, UK, and USA counterparties. A number of European and UK investors are stalled in their abilities to conduct business as before and adjusting to new ways of complying with their internal requirements for completing due diligence and progressing analysis with a dispersed workforce. This no doubt affects the ability of the Company to increase assets under management.As life settlements are uniquely a US based asset, the Company is allocating more time to prospective clients for its strategies in the USA, allowing for in person meetings, which has produced results for the Fund. The Company's CEO, Gobind Sahney, comments that "since July, I have travelled every month for meetings in New York, Florida, and Texas and continue to schedule meetings with US investors that are open to meeting."On an operational level, the Company continues to maintain a lean operating structure and sufficient working capital for its strategies. We are also pleased to announce the launch of our new website www.algwplc.com which is truly reflective of the professional and contemporary nature of the Company. The new website was influenced through shareholder input. In addition we launched a stand alone website for the Fund at www.BOAGF.com . The Fund's website continues the look, branding, and provides functionality for clients to access documents and other information through a password protected format.Going into the future the 2021 outlook is positive. At the conclusion of the US elections, whoever is the winner, the Company is still confident that, particularly with record low interest rates, continued volatility in the equity markets and the non-correlation of SLS assets, it will be able to continue its strategies, and also take advantage of further opportunities as and when they arise in the longevity asset sector..As previously stated, the continued impact of Covid19 policies are unpredictable and there will be an impact on Company's financial results if delays continue for an extended period of time. However, the Company's executives continue to allocate time to what they can control in order to build on the Company's progress.The Directors thank the shareholders for their continuing support and look forward to making progress on all strategies in as timely a manner as possible.
31/12/2020
15:04
mick sturbs: Surely a sell at that price and time - and caused the share price to drop. Whoever it was got totally rinsed by the MMs - this will be back over 3p before you know it.
31/12/2020
14:10
city chappy: ALGW will continue to bring investors into the current Growth Fund, and earn commissions. Also, it only needs one miniimum $50,000,000 investor into the new G+I strategy in 2021, to make ALGW $375,000 pa recurring (plus a potential 20% performance bonus on closure, if the Growth fund is anything to go by). Likely ALGW will secure several such investor accounts quite quickly and even more over time. Co-mingled or seperate. Discretionary or advisory roles. ALGW will attract a wall of money in 2021.
26/12/2020
09:03
terminator101: jambam - 24 Jul 2018 - 12:44:07 - 251 of 5549 Alpha Growth Lift Off - ALGW:) because i've been told. And contract news is imminent - nothing has changed in companies expectations. share price will fly on next set of newsMate, you have been spinning the hush hush news soon drivel for yonks now.There will be a placing here to keep the lights on, the only question is timing
14/12/2020
14:42
tewkesbury: We are now seeing more cash moving into ALGW's Growth Fund, and in 2021 should see launch of the new Growth and Income Fund (minimum $50m per individual subscription), conclusion of the £100m revolving credit facility and perhaps some Individual Managed Accounts. So underlying value is building and due to surge massively in the New Year, with a corresponding positive effect on the share price. That is why smart investors like Mark Ward, Directors and some here, just keep stakebuilding. They know there will be big gains.
11/12/2020
12:23
city chappy: jungmana The counter party for the awaited $100m revolving credit facility is a UK asset manager, so with approval of the Pfizer vaccine in the UK this week and the Oxford Astra Zeneca vaccine to follow, the counterparty will soon be vaccinated and able to travel to complete the deal. It's a once in a lifetime chance to get in now to ALGW ahead of deal completion, which will transform ALGW into a $100m+ MCap company. I expect them to be nearer $200m MCap. N.B. ALGW, 4/11/2020: "The Company's discussion with the Warehouse Loan/Short Term Credit Facility counterparty continues and is nearing a conclusive step. The counterparty's COVID policy is limiting their ability to conclude site visits to the Company's and our servicing agents' US based offices. The Company will provide further updates as discussions progress." ALGW, 2/12/2019: "After many months of engagement, the Company is now in the final stages of securing a revolving credit facility up to a $100,000,000 with a leading UK asset manager. The discussions have progressed well whereby the Company and Asset Manager have now agreed life settlement valuation methodologies and acquisition strategies. This facility will be a key element to enable Alpha to aggregate SLS policies to be vended into investors, in a sufficient transactional value that is relevant to the underlying buyers, whether that be a bond offering or investment portfolio. The Company expects to be able to complete the necessary documentation in a timely manner and looks forward to updating the market on closing of the facility."
10/12/2020
08:58
pretax2: Not too concerned about this year’s results; we already know they’re making progress in terms of AUM. Good enough for me. However next year post COVID could see exponential rise in AUM. That will be the starting gum for a share price rise up to 30-50p. By this time most posters here will have sold. Sad but probably true. Regardless, ALGW has the makings of a significant family office wealth manager offering a range of in-house products.
30/11/2020
16:55
ivor hunch: His confidence has boosted the share price - up about 40% over the last 10 days. ALGW needs to trade over 2p for a period to establish a base line, rather than retreating as it has a nasty habit of doing.
Alpha Growth share price data is direct from the London Stock Exchange
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