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No news since the 22nd December 2023, the CEO is enjoying his life style with the money of his shareholders.
Mr Alder and Martinigirl, still confident that everything is going to plan, what will be the placing price 1p?
Mr Adler, how do you manage to have my post deleted? You still need to consult a doctor about your addiction on Prem, this is not healthy. You have to get through your losses, it's Aim for you.
SP is down about 50% in the last year. What do these numpties do all day?
Keyhole, AGM coming up soon, rather than go to Bermuda you could attend and ask your questions directly.
There's been tangible growth, just hasn't been reported via RNS.
That update was in the half yearly update from June 2023. Nothing tangible on AUM growth been achieved or reported since. There is nothing new in the pipeline, so my expectations on the next update are low, just the continued frustration with sitting on a substantial paper loss for the foreseeable. Anyone fancy a trip to Bermuda to demand our money back?
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.
We continue to advance our buy and build strategy to ensure continued and substantive ongoing growth of the business. We continue to be presented with and review potential acquisitions that are both complementary and supplementary to its existing businesses which will further enhance free cash flow and move us close to executing the 2B plan.
No news since the 22nd December 2023, the CEO is enjoying his life style with the money of his shareholders.
Very strange that you did get an 2022 Annual Recap and Fund Results in March 2023 but nothing this year!!!
Mr Alder and Martinigirl, still confident that everything is going to plan, what will be the placing price 1p?
I wouldn’t hold your breath.. I think our CEO has forgotten it’s a publicly owned company🤐 tbh.
I see! Still hoping we get some though.
It's a bed and ISA I'm afraid
Big buys today, someone confident we'll have news?
It was certainly asked a while ago and an update around the strategy for the fund was going to be forthcoming along with an update about the AUM injection. We then haven't received either so definitely worth querying with IR I'd say.
It's growing, but if this website is correct 43.5% of the Fund is still in cash. I haven't looked in for a while - has that been addressed? Its investment policy to the right hand side states The fund will invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes), in Credit Investments.
I've been here for years, but the company does need to start up again. We've had a storm in the corporate bond market and, with rates where they are, it's well documented that cash has been pouring into Fixed Income (all of those bonds on their factsheet are vanilla). AUM will also naturally increase as the value of their investments increase so if they are sitting on near 50% cash this feels like a hugely wasted opportunity and why would anyone pay TER fees of nearly 1.5% to sit 50% in cash?
If it's not been asked, I'm happy to write to Mark Treharne...
You are not right in the head with your twisting of facts.Deleted
“Performance since Inception -14.58 %
Nothing to tell Aunt Vera about. Sorry Vera.”
Of course you know that relates to the period before Alpha took over fund management? Right?
Cheers Cszjrh01. It is growing :)
Performance since Inception -14.58 %
Nothing to tell Aunt Vera about. Sorry Vera.
On a slightly more helpful note, here is the current AAACX figures: https://markets.businessinsider.com/funds/alpha-alternative-assets-fund-us00216g1040
Postcard received from Bermuda - Dear UK Shareholders, weather is great here thanks. Nothing new to report really, plenty of cashflow to maintain my comfortable lifestyle. Oh the growth plan? yeah sorry, we've kinda given up on that. seeyuz! G.
Does anyone know when the AAACX is updated? I’m hoping to see some growth there…
2024 Full Year Accounts due back from the audits and to be published by the end of April.
When we are going to receive an update.
well there’s been a bit of “pea****ing” going on here last night…
speaking of uninvestable ceo’s how’s ours shaping up?
Wasn't invested in PREM in 2015, ask me how much I made with the run up to RHA or how much I made on the run up to 1p knowing Zulu wouldn't produce? Those 50 million shares I sold at a 0.9p average made me a pretty penny at over 10 times I paid for them.
I'm a canny guy, I buy the shares I know I'll make money on, that's why I'm a major shareholder here, it's an investment, PREM was always just an obvious trade on the ramp and the hype, George Roach is not an investable CEO, Prem is done for imho, I wouldn't put another penny into it now, not even for a trade, it's a dead duck fighting for survival.
Why are you still so bitter Mr Adler about losing money in PREM after all these years and spend every day or nearly to post in PREM chat?
You are pathetic, not me. You don't have any other things to do.