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  6. Alternative Liquidity Fund Limited (ALF)

  7. Alternative Liquidity Fund Limited (ALF) Share Price

ALF

Alternative Liquidity Fund Limited

0.045
0.00 (0.0%)
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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
Upgrade Icon
  0.00 0.0% 0.045 0.00 08:00:05
Bid Price Offer Price High Price Low Price Open Price
0.025 0.065 0.045 0.045 0.045
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Trust,ex Ed,religious,charty -2.58 -5.82 -0.04 - 6.60
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.045 USD

Alternative Liquidity (ALF) Latest News

Alternative Liquidity News

Date Time Source Headline
23/3/202307:00UKREGAlternative Liquidity Fund Limited Half-year Report
20/3/202309:05UKREGAlternative Liquidity Fund Limited Second Price Monitoring Extn
20/3/202309:00UKREGAlternative Liquidity Fund Limited Price Monitoring Extension
23/2/202312:00UKREGAlternative Liquidity Fund Limited Net Asset Value and Factsheet
14/2/202316:40UKREGAlternative Liquidity Fund Limited Second Price Monitoring Extn
14/2/202316:35UKREGAlternative Liquidity Fund Limited Price Monitoring Extension
14/2/202314:05UKREGAlternative Liquidity Fund Limited Second Price Monitoring Extn
14/2/202314:00UKREGAlternative Liquidity Fund Limited Price Monitoring Extension
14/2/202311:05UKREGAlternative Liquidity Fund Limited Second Price Monitoring Extn
14/2/202311:00UKREGAlternative Liquidity Fund Limited Price Monitoring Extension

Alternative Liquidity (ALF) Discussions and Chat

Alternative Liquidity Forums and Chat

Date Time Title Posts
21/10/202210:10Alternative Liquidity Fund114
07/6/201208:49Allanfield Group Plc-
20/4/200708:32Wanna Play FTSE or Ride DOWn and Up?-

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Alternative Liquidity (ALF) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Alternative Liquidity (ALF) Top Chat Posts

Top Posts
Posted at 21/10/2022 10:10 by jonwig
I see they've just issued their annual report:

https://www.investegate.co.uk/alternative-liqdty--alf-/rns/annual-financial-report/202210211003207182D/

Any potential interest is quashed by the ridiculous spread ... unless you can get well within it.
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Posted at 25/10/2019 10:59 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.
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Posted at 11/4/2019 21:06 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.

hTTps://deepvalueinvestments.wordpress.com/2016/08/21/alf-net-assets-6x-market-cap-cash-half-market-cap-potential-5-bag-opportunity/

Numbers laughably out of date but I think covers the idea...
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Posted at 13/2/2019 11:55 by 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.
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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....
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Posted at 29/6/2018 16:31 by 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!
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Posted at 19/12/2017 07:18 by hugepants
Missed this from last week.
https://www.investegate.co.uk/alternative-liqdty--alf-/rns/portfolio-update/201712121606321341Z/

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."
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Posted at 22/10/2017 22:24 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.

https://waranacap.com/wp-content/uploads/2017/10/ALF-July-Monthly-Fact-Sheet.pdf
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Posted at 24/9/2017 18:26 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.
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Posted at 24/10/2016 11:21 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.

http://uk.advfn.com/stock-market/london/alternative-liq-ALF/share-news/Alternative-Liquidity-Fund-Limited-Net-Asset-Value/72721179

http://www.morgancreekfunds.com/wp-content/uploads/ALFFactSheetJuly2016.pdf


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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