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The slight problem here is that due to our posters honesty, the likelihood of profit taking on this rise is high, and then wait, & re-buy following the sell off.
What I mean is, it’s not as if we’ve had a 45% rise following an RNS, it’s just old moneybags woke up this morning and decided to buy a shed load of stock.
Congratulations on that btw, great confidence.
To get from 1.15p to 1.7p took ~£45,000 of buys. Interesting.
If some others buy some then that d be helpful , I m tapped out .
'We expect our cash flow to improve, and we continue to believe that we will not require a placing of shares, unless it is for strategic acquisition and growth purposes. '
From ADVFN (cszjrh2).......Happened to spot this earlier in the week that it looks like the Interval Fund has had a substantial in-flow of investment: hxxps://ftcloud.fasttrack.net/web/chart/AAACX
Recently the AUM level has been around $3.8M and now showing $19.51M so it looks like marketing and engaging with RIAs is really starting to reap rewards.
I'm expecting positive updates from the company over the next 4-8 weeks - acquisition underdoing due diligence, 3p warrants expire in a couple of weeks etc.
Latest broker note issued by Allenby this morning in case anyone hasn't seen it: https://www.allenbycapital.com/client/alpha-growth-plc/Some positive highlights:- The previous successful acquisition completions which "appear to have alerted sellers and regulatorsof similar businesses to ALGW's intent, with management reporting that it is being presented with similar opportunities on a regular basis, some of which are actively under review."- "The group's focus during H1 23 was (a) a potential new acquisition, (b) integration of AILAC and Havelet, acquired in Q4 2022, and (c) marketing the Interval Fund. The interim numbers only reflect the integration work as the acquisition is still subject to due diligence". So if DD is happening that presumably means a Letter of Intent has been signed and we could see completion of this acquisition in the next few months- And key for me: "ALGW does however have sufficient cashflow to cover ongoing corporate expenses and costs related to reviewing prospective acquisitions and carrying out legal due diligence. The group has three stable cash generative businesses/products comprising two life companies (Alpha International Life Assurance Company and Providence Life Assurance Company Fund) and a liability assignment business (Havelet Assignment Company Ltd)."Of course not all a bed of roses - "ALGW's current business is self-financing despite what it acknowledges has been a disappointing take-up for its two investment strategies. These have met performance targets but not as yet seen the expected demand. It remains committed to growing these funds but in order to reduce near term reliance on this product line, reformulated its business plan to focus on its M&A activity and continue to operate close to break-even" We discussed this possibility at the AGM earlier in the year so not a surprise. Focussing purely on M&A in the short term definitely feels like the right approach.
I m done now.
Keep going please, I'm back in profit!
Wake me up when it hits 3p so that I can get my money back.
Just bring my horrible average down tbh.
Thanks for your very informative reply GL
I imagine I know lots you don't. (but probably not anything of any use. )
WOWOWOWOWOWOWOWOWOWOWOWO
Do you know something we dont ? lol
FULLLLLLLLLLLLLLLLLLLLLLL ASK BABY
UP AGAIN
I m not done yet.
By me
On the move again 1.58 paid ?
Driven
Well, yes, you’ve drive the price up on your own, it’s that illiquid.
To see a rise here long overdue could be an RNS logged ? GLA
Might be worth calling your broker and asking them to place one larger order rather than picking up smaller chunks.
828, 423 x 2 , 198, 215, 105 x 3 . Plus other smaller bits
Up 21.7% and Bid rising ……news?