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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alternative Liquidity Fund Limited | ALF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.04 | 08:00:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Top Posts |
|---|
Posted at 21/10/2022 09:10 by jonwig I see they've just issued their annual report:Any potential interest is quashed by the ridiculous spread ... unless you can get well within it. |
Posted at 25/10/2019 09:59 by rjmahan I can convert share classes any time until 2020 so I don't need to make a decision now. I invested in this as a liquidation fund but I can see the attraction of buying former hedge fund assets - as there are not many buyers a good price can be achieved. My concern is if now is the time I want to get into this - I broadly think it isnt.I still hold ALF and will wait a little bit longer I suspect payouts will come and the discount vs NAV could be understated. |
Posted at 11/4/2019 20:06 by rjmahan Liquidation at anything close to book is out of their hands. They might be able to liquidate now for 25% or 10% of NAV, or, wait a bit and get 75 - 80 -100%.#A bit could well be years, or not.Numbers laughably out of date but I think covers the idea... |
Posted at 08/2/2019 22:40 by rjmahan Launching alternate non-realizing fund that will buy / liquidate side pockets as a business - I will probably take some. ALF - going into liquidating fund.... |
Posted at 19/12/2017 07:18 by hugepants Missed this from last week.They are planning to increase the size of the company by issuing a new share class early in the new year. Also looks like another 4 cents to be distributed "The Company has received US$6 million in cash from underlying investments over the past month and anticipates that further funds may be received over the coming month. The Board therefore intends to make a distribution to shareholders, details of which will be provided in the New Year." |
Posted at 22/10/2017 21:24 by hugepants The July fact sheet is out now. There is a new investment manager now and it contains a bit more information than previously. NAV is 77 cents and they have 6.5 cents cash now (30% of the market cap) after the 3DPropCo liquidation. Also sounds like they will apply a discount to the NAV which is probably a good thing. |
Posted at 24/9/2017 17:26 by robizm On further reading gfir had 1250 shares at approx 1/2 million last year but marked them down by 80% where as alf still have them at full price at $6 milliin dollars but i would say now worth £900000 approx to what gfir sold theres for. |
Posted at 24/9/2017 10:52 by robizm These hold 5.7% at 30th june in abax rhat fund which gfir annouced will receive an upfront payment of £110000. Not sure what percenrage this was of gfir so cannot tell uf the full 5.7% is on it way back to alf or if it was a part payment but it is more cash |
Posted at 29/8/2017 12:59 by hugepants 3D Prop Co has been sold. See gfir. No financial details though!If it's sold at the ALF book value that is 3.25 cents, more than enough for another distribution. |
Posted at 24/10/2016 10:21 by hugepants Interesting update here late on Friday. With something like ALF you are just looking for any indication the NAV is even close to being valid. So 2 investments worth about 24% of NAV revalued at approx their book value and 6 cents a share cash received from one of these investments in September looks like good news.NAV stated as 86.6 cents at end of July. Since then they have returned 2 cents as a capital return. So NAV actually now 84.6 cents The Growth Management funds sold their largest position which resulted in a cash return to ALF of just over 50% of the Growth Management NAV. That works out at 6 cents per share to ALF. The Growth Management funds also had their NAV revalued upwards slightly. In addition a lender to the the Unique Cornerstone Fund converted debt to equity which resulted in an 11% decrease in NAV of that investment. However this looks like a positive since it's close to the book value and is a valuation event? Cornerstone is now 10.8% of NAV which is 9.3 cents So by my calcs ALF has 8 cents cash (and that accounts for ongoing annual running costs of approx 0.75 cents per share). Cash + Cornerstone + Growth Management is approx 23 cents and this seems a fairly reliable valuation. That leaves about 60 cents of NAV. Even if these investments are only worth 40% of book value that's still an extra 24 cents. I expect ALF to pay shareholders 5-6 cents back shortly. DYOR etc. |
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