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This is strong buy and hold.ALGW will go look ng way.
Https://www.telegraph.co.uk/business/2024/04/30/lithium-miner-submits-plans-to-drill-in-durham/
Market cap only £1m
Can we see 2.50 today or a little higher.
10p target is very achievable with 7 million cash and they looking 2 billion assets value in 2025.
Curious to know how it's gone from around 200k cash reserves to 7 million.
I agree 10p that is a way off that target, I think we will see 5p at least in the next few weeks.
The first test will be 2.5p today.
Good day ahead now the news has been factored in.
Bit of a reality check needed by some people here. I note the new names go_ly_dow seems familiar. As undervalued as we are, ALGW isn't getting to 10p anytime soon, there a massive positives from the accounts which should see significant progress for the company and consequently for the share price. I've only had a cursory look at the accounts as I'm in NZ meeting clients but will have a proper look this evening, initial thoughts are excellent with caveats. Could this be a turning point for ALGW? Possibly, more than likely, I'm gonna get into the accounts and confirm my suspicions but right now I'm a happy Caroline
Cevodniya, if I want a lesson in English language I won’t be asking you.
Move on and do not go to your best mate’s level… Gutter!!
As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).
The Board has adopted new Key Performance Indicators (KPIs) as detailed on page 14 of the 2023 Annual Report, which demonstrated stability following the acquisitions at the end of 2022. The Group's assets under administration and management reached $619 million, a small advance towards the Board's $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements amounted to £2.7 million, reflecting a healthy financial position.
In further positive news, the Company has fully repaid its borrowings and is now debt free.
The Company anticipates no current need for further equity capital as it advances towards its established goal of managing over $2 billion in assets by 2025. Both Alpha International Life Assurance Company (Guernsey) Ltd ("AILAC") and Providence Life Assurance Company Ltd ("PLAC") achieved credit ratings in the past year, positioning these entities as potential financing vehicles for acquisitions, if required. This development marks a substantial leap forward for the Company, bolstering its M&A strategy significantly.
The Company's path forward includes adding to Alpha's core management team in the positions of fund and life insurance marketing. The Company is encouraged by independent feedback in the industry of the life insurance linked wealth management "ecosystem" it has assembled. The updated Alpha website (www.algwplc.com) has also received many compliments regarding how it explains the "ecosystem" the Company is building. The Directors are confident that this recognition will, in due course, translate into increased market value as a wider audience becomes more acquainted with Alpha and its offerings.
The Board draws shareholders' attention to the Audit Report contained in the 2023 Annual Report issued by PKF Littlejohn LLP ("PKF"), which includes a disclaimer of opinion due to PKF being unable to assess the potential impact of IFRS 17 on the accounts. Management's view is that the treatment of all contracts issued by AILAC and PLAC as investment contracts in accordance with IFRS 9 is both consistent with prior years and has no material impact on the reported loss or net assets. Accordingly, the financial statements are consistent with UK adopted International Accounting Standards.
The Company continues to actively evaluate and pursue a number of acquisition opportunities and the board looks forward to updating shareholders in due course.
Todays rise has put it on the top pile of the leader board which means many will check out the RNS this evening and see the value down here. Tomorrow this goes again!
Oh dear, we are in now for a whole bunch of new contributors, all ramping except for a bunch of derampers.
This thread will get really boring with the newbies
I suppose I could be guilty for doing it the other way round 1st before news here but no. I'm just commenting on the very fact that two companies were covered at the same time by Malcy probably 5 years ago which I invested in so I'm no newbie.
Good luck to those invested..
Scmd, you are stalking me.
Listen, your is a possessive noun i.e your house, your car.
You are is conjugated from the verb to be.
I am, you are.
You are stalking me.
You are incapable of correct English grammar and please don't play the dyslexic label.
And, as if by magic, you've already cross-ramped ALGW on a junior oil & gas exploration company's board for some bizarre reason.
Maybe you can enlighten everyone on the correlation?
Scmdcyp, stop trying to cling onto coattails. Do some research, and try and make some sound investments before they rise.
Getting spiked constantly and incessantly cross-ramping in an attempt to recoup your losses can't be fun?
Hi Crawshaw I am back baby lets go to compton street for a drink.your starting to stalk me.
I hope you don't include me in that Paddy,, I've been in since inception ,I commented over on another board a day or two ago as I 1st got interested when Malky spoke about two companies over 4 years ago, one being ALGW. Both now showing promise and after a long...long wait returns..
Bring on tomorrow :)
Yep, scmdcyp has already arrived.
I was buying in October at 1.2xp, anyone could have paid 1.1xp earlier this month.
I'm not complaining though.
Looks like the newbie rampers have arrived!
2p for me is still undervalued given we have capital. There should be some good acquisitions coming along soon…
Debt free after today and cash flow positive and soon managing over 2billion in asset value!!!
Eating your words now Blue?
Awesome stuff
2p CLose