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... is where I work. A word of advice to the worried. If you are expecting anything to move quickly in this industry, then don't.
Is GS still on this planet.. 🤔
Only “word salad” if you don’t understand the business or insurance company valuation.
Word salad...
Regards, Tom
I'd suggest you go back to accountancy school Tom, or rather just go to accountancy school.
I'll refer you to note 14 of the annual report
"Investments are held to back unit-linked liabilities. Any increase or decrease in their value is matched
by an associated decrease or increase in liability to policyholders. The segregated account liabilities
follow the similar fair value levelling as the segregated account assets."
At 1.4p, the market cap of £6M is almost equal to the net asset value of the company, (£444M -£438M) so it is fairly priced right now . The acquisition strategy of buying unloved insurance companies, with similar assets and liabilities on the books, is unlikely to change that very much. So even at the aspired level of $2billion of assets under management, there will likely be almost $2 billion of liabilities and the NAV and SP will be unchanged. The management fees will end up in the managers' pockets, not in the shareholders' pockets.
It's a plain to see as a XL Bully Dog's teeth.
Who knows. Someone running out of patience, a trader wanting cash to chase the HE1.L rise. Could be anything.
Why the heavy selling today?
I feel your pain, I’ve held since Sept 2018 and this is by far the worst company communications I’ve witnessed. We shouldn’t be relying on broker notes to understand what occurring over actual company updates!
Dead money again. I’m certain that if these guys went onto Dragon's Den they would be chased out of the room.
Hmm. Bid dropped nearly 10% on £2 worth of sells…
Hi Keyhole
I agree with your sentiment and am also worried about not only the pace of acquisitions but the communication…
I am pleased to look at the development of the alternative assets fund but we really need a trading and operational update.
So here we again with the SP gradually declining again towards basement following a frisson of hope about the expired warrants. If my memory serves me right, following the Havelet acquisition in Nov 22, there were no new acquisitions in 2023 and 14 months later we still sitting at $700m AUM in Jan 2024. And we are expected to believe the company will attain $2B AUM in 2025. With the continuing lack of any news or breakthroughs, this is surely just wishful thinking. The mention of due diligence in the RNS reports presumably means the working approach, rather than anything actually tangible.
A couple more topups for me.
Broker Notes are being used as the mains comms mechanism for shareholders and the latest one was in November so not that long ago. All are held here in case anyone hasn't seen them: https://www.allenbycapital.com/client/alpha-growth-plc/
Next two updates I'm expecting are the completion of due diligence on the latest acquisition target combined with details on the scale of the target then an update on the large inflow of funds into the Interval Fund which now seems to be up to almost $20m. https://markets.businessinsider.com/funds/alpha-alternative-assets-fund-us00216g1040
Definitely agree that patience is required here, hopefully without the tears :)
Patience ….it ll come ……(or it won’t - then we can all cry! )
The silence is deafening here.. FFS
zero respect for shareholders.
Must have forgotten their wallets!
Are back in the room and a move back up after yesterdays dump ?
Doubt there’s any news. Just someone selling into the recent rises and I notice the late printed 467K buy. I suspect the shares sold today will have already found a new home.
That was painful to watch this afternoon after a good couple of weeks. Ffs .
It looks like we will soon find out that's a 70k dump on sells that's not Pi
We had a nigh on 100% rise in a month... could be selling into that and doesn't necessarily assume insiders!
Down 18% without news?
Yep FFS
Must be some one in the know dumping big time