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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
  0.00 0.0% 0.06 3,296 08:00:06
Bid Price Offer Price High Price Low Price Open Price
0.04 0.08 0.07 0.06 0.06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -53.05 -36.17 9
Last Trade Time Trade Type Trade Size Trade Price Currency
08:15:01 O 3,296 0.04 USD

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Alternative Liquidity (ALF) Discussions and Chat

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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 (ALF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:15:020.043,296131.84O
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Alternative Liquidity (ALF) Top Chat Posts

DateSubject
14/6/2021
09:20
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$0.06.
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 0 shares. The market capitalisation of Alternative Liquidity Fund Limited is £8,758,876.38.
25/10/2019
10:59
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.
11/4/2019
21:06
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...
13/2/2019
11:55
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.
08/2/2019
22:40
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....
29/6/2018
16:31
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!
19/12/2017
07:18
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."
22/10/2017
22:24
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
24/9/2017
18:26
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.
24/9/2017
11:52
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
24/10/2016
11:21
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.
Alternative Liquidity share price data is direct from the London Stock Exchange
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