Share Name Share Symbol Market Type Share ISIN Share Description
Alternative Liquidity Fund Limited LSE:ALF London Ordinary Share GG00BYRGPD65 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.0525 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.035 0.07 0.0525 0.0525 0.0525
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -53.05 -36.17 8
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0525 USD

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Date Time Title Posts
16/10/202013:18Alternative Liquidity Fund113
07/6/201208:49Allanfield Group Plc-
20/4/200708:32Wanna Play FTSE or Ride DOWn and Up?-

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Alternative Liquidity Daily Update: Alternative Liquidity Fund Limited is listed in the General Financial sector of the London Stock Exchange with ticker ALF. The last closing price for Alternative Liquidity was US$0.05.
Alternative Liquidity Fund Limited has a 4 week average price of US$0.05 and a 12 week average price of US$0.05.
The 1 year high share price is US$0.08 while the 1 year low share price is currently US$0.04.
There are currently 145,981,273 shares in issue and the average daily traded volume is 91,037 shares. The market capitalisation of Alternative Liquidity Fund Limited is £7,664,016.83.
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.
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. hTTps:// Numbers laughably out of date but I think covers the idea...
rjmahan: They can't offload the illiquid stuff promptly - it's too illiquid! That's the whole point of the fund - to realise it slowly and get a better price.
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....
zcaprd7: I wish I'd bought them when I had the chance now... They've returned the purchase price and the shares would be free by now!
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."
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.
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.
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
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.
Alternative Liquidity share price data is direct from the London Stock Exchange
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