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ALGW Alpha Growth Plc

1.15
-0.05 (-4.17%)
Last Updated: 15:49:53
Delayed by 15 minutes
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 -4.17% 1.15 448,785 15:49:53
Bid Price Offer Price High Price Low Price Open Price
1.10 1.20 1.20 1.15 1.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Consulting Svcs 7.88M 3.18M 0.0035 3.43 10.86M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:49:32 O 448,785 1.115 GBX

Alpha Growth (ALGW) Latest News

Alpha Growth (ALGW) Discussions and Chat

Alpha Growth Forums and Chat

Date Time Title Posts
28/11/202312:13Alpha Growth Lift Off5,798
09/10/202321:15ALGW - Longevity Assets Investment Specialist - Could 100x bag3,272
22/12/202109:36Multibagger?3
19/12/202123:02Proactive replace VOX52
02/9/202119:47Yesterday's exciting update 20

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Alpha Growth (ALGW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:49:331.12448,7855,003.95O

Alpha Growth (ALGW) Top Chat Posts

Top Posts
Posted at 29/11/2023 08:20 by Alpha Growth Daily Update
Alpha Growth Plc is listed in the Management Consulting Svcs sector of the London Stock Exchange with ticker ALGW. The last closing price for Alpha Growth was 1.20p.
Alpha Growth currently has 904,664,388 shares in issue. The market capitalisation of Alpha Growth is £10,855,973.
Alpha Growth has a price to earnings ratio (PE ratio) of 3.43.
This morning ALGW shares opened at 1.20p
Posted at 03/11/2023 13:20 by cszjrh2
Latest broker note issued by Allenby this morning in case anyone hasn't seen it: https://www.allenbycapital.com/client/alpha-growth-plc/Some positive highlights:- The previous successful acquisition completions which "appear to have alerted sellers and regulatorsof similar businesses to ALGW's intent, with management reporting that it is being presented with similar opportunities on a regular basis, some of which are actively under review."- "The group's focus during H1 23 was (a) a potential new acquisition, (b) integration of AILAC and Havelet, acquired in Q4 2022, and (c) marketing the Interval Fund. The interim numbers only reflect the integration work as the acquisition is still subject to due diligence". So if DD is happening that presumably means a Letter of Intent has been signed and we could see completion of this acquisition in the next few months- And key for me: "ALGW does however have sufficient cashflow to cover ongoing corporate expenses and costs related to reviewing prospective acquisitions and carrying out legal due diligence. The group has three stable cash generative businesses/products comprising two life companies (Alpha International Life Assurance Company and Providence Life Assurance Company Fund) and a liability assignment business (Havelet Assignment Company Ltd)."Of course not all a bed of roses - "ALGW's current business is self-financing despite what it acknowledges has been a disappointing take-up for its two investment strategies. These have met performance targets but not as yet seen the expected demand. It remains committed to growing these funds but in order to reduce near term reliance on this product line, reformulated its business plan to focus on its M&A activity and continue to operate close to break-even" We discussed this possibility at the AGM earlier in the year so not a surprise. Focussing purely on M&A in the short term definitely feels like the right approach.
Posted at 29/9/2023 16:24 by neilyb675
We expect our cash flow to improve, and we continue to believe that we will not require a placing of shares, unless it is for strategic acquisition and growth purposes.

We continue to advance our buy and build strategy to ensure continued and substantive ongoing growth of the business. We continue to be presented with and review potential acquisitions that are both complementary and supplementary to its existing businesses which will further enhance free cash flow and move us close to executing the 2B plan. To this end, the appointment of Jason Sutherland as a full-time executive has greatly enhanced our ability to identify and undertake due diligence on potential targets.

Our strategy continues to insulate us from a lot of the volatility in capital markets although we appreciate that our share price performance continues to disappoint. The Directors firmly believe that the value creation strategy will feed through to the share price as the Company looks to continue to deliver on their stated goals.

I would like to take this opportunity to thank the shareholders for their continued support as we build Alpha Growth into a significant organisation within its sector.

Gobind Sahney

Chairman

29 September 2023
Posted at 29/9/2023 12:51 by cszjrh2
It was indeed. Clearly good they expect cashflow to improve further following their integration of the second insurance business and continue to not expect a share placing to cover costs but things look to be taking longer than expected.

We might see some positivity later in the year when the 3p warrants expire as they almost certainly will do now.
Posted at 19/6/2023 10:52 by cszjrh2
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.
Posted at 27/5/2023 09:43 by cszjrh2
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.
Posted at 22/3/2023 16:51 by juniperberry1
Please don’t listen to this Baghdaddy73, who goes by the name of Raydaar on LSE. This guy along with another loser called Martinigirl have been peddling ALGW for months and months. He has been talking share price prices in excess of 5p and 6p that he expected in January 2023, when others said rightly stated that the company have no news to come and for 2023 and the share price for ALGW will be around 2p. Guess who’s right? BEWARE these idiots and tread carefully. There is no money to be made here in 2023.Brokers note, two acquisitions all did nothing to move the share price and with negative accounts due again, a further drop in share price is predicted for 2023.
Posted at 13/2/2023 16:16 by cevodniya
cszjrh2, I agree entirely and obviously the recent broker update valued the share price at multiples of current price.
Why the share price is at current values is beyond me.
If and under current asset attainment, AUM by 2025 is $2,000,000 or more and the company gets an approach, which is likely once those AUM's are achieved, what price the share price then, with of course the additional bonus on top of the prevailing share price at the time?
Posted at 09/2/2023 09:57 by neilyb675
Buy 100000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 3p

Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 150000 ALGW - ALPHA GROWTH PLC ORD GBP0.001
Posted at 09/2/2023 09:33 by neilyb675
Buy 100000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.97p

Buy 200000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.97p

Buy 300000 ALGW - ALPHA GROWTH PLC ORD GBP0.001 at a price of 2.97p

Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 400000 ALGW - ALPHA GROWTH PLC ORD GBP0.001
Posted at 16/1/2023 15:14 by oilhunter2020
Hi juniperberry1, it depends on the negotiated price of the placement shares. The share price will move to the price of the placement shares. Lets say they promote them too cheap, for example 1.70, then the share price will follow.
Alpha Growth share price data is direct from the London Stock Exchange

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