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Giles here's hoping that your statement is correct...think all on the BB at least deserve something after 4 months from the Dec RNS.
If there’s no RNS any podcast is going to be very light in substance - simply more window dressing. The theory has been peddled by ALGW for far too long without discernible material practical progress. The infamous RCF email could be construed by some as misleading or reckless given its impact on investor sentiment and by association the sp. It really is time these people put up.
So there is a podcast due “before the end of the month”, that means tomorrow or Tuesday. I see no point in delivering a podcast unless there is substantial news and progress to report and that GS feels this news/progress needs and deserves a fuller explanation than can be delivered via RNS.
However by Law an RNS must be issued to disclose any market sensitive information so that everyone receives that information at the same time, therefore an RNS must come before the podcast.
I firmly believe that there will be an RNS at 7am tomorrow followed by the podcast on Monday or Tuesday and that these will give us the long awaited news of the Revolving Credit facility, of the value of the assets now under management in BOAGF (I’m hopeful that this will be $25-50 million but, in the light of the current Covid-19 situation and GS saying that they have been very, very busy, could be a lot more) and possibly, though IMO unlikely, substantial detail of other future income streams.
cj62...i've no idea if things are on hold, it was just my thinking which is best taken as rubbish, but yes 4months after "shortly" is taking it too the extreme limits and yes agree we need a thorough update not a one paragraph of " yes we are working hard to provide shareholder value" what has Austin King been doing since he arrived, what meetings have they attended over the last 4 months surely its not just been meetings with the CF provider, also we have been told that the CF is not the only avenue for Alpha, so provide us with information, think any sort of delay/hold will hit the SP, but for me its just another excuse...but I hold judgement hopefully news Mon/Tues...
Ad2017. If things have as you say been "put on hold" there needs to be a thorough update otherwise I fear the worst for the SP.
We are coming upto 4 months since the infamous "shortly" RNS. In my line of work I would have certainly been taken to task over the delay.
Not long to wait now so we will know one way or the other.
cj62...i hope your spot on and Alpha do bring the news we are waiting on....for me I think the update will be more about COVID-19 and that things are still progressing but the Asset manager has put the RCF on hold until we are over the worse of this out break, before you all say I have other motives behind this then carry on...but I really hope that I'm talking absolute rubbish and they do provide the news.
MMT is a mechanism that needs to be finely balanced and could cause bigger issues ie As they would call it dangerous inflation. Interesting reading actually
I realise we won't end up like Venezuela but we there is real cause for concern.
Luckily I am not on a zero hour contract or minimum wage earner but we have just closed down for the foreseeable future.
Let's hope Alpha can put a spring in our step this week !
Fat fingers. Should be MMT.
My son, who has a 1st class honours degree in Economics from Southampton, tried to explain MME to me a year or so back. I couldn't really get my head around the concept that the BoE could just issue more money and it could sit on the balance sheet for ever. But then I'm old and the 'modern' bit of MME is probably the problem :)
Seems we will continue to print money and then quietly right it off as a bad debt further down the line
The country's economy can withstand just about anything as the Government can just print more money and take on more debt. The more it does this however the longer it will take to repay and the longer things will be tough, mostly for the poor and lower paid as usual of course. This is why the expression 'the cure may be worse than the disease' is being used.
Frankly if you are on this BB then you're probably not a minimum wage earner or on a zero hour contract so there will be millions much worse of than you and I.
I agree to a certain extent with your take on the outcome but do you think the country's economy withstand such a devastating hammering on a recurring basis ?
This is my take on the next year or two until the vast majority of the population have been vaccinated. The Government (and this applies world wide) are going to lift the lockdown in some weeks time when they have enough data regarding the spread of Covid-19 and can forecast that the NHS will be able to manage for the next while. Then lockdown will be re-introduced to prevent the NHS being overwhelmed and then lifted again. This will repeat until the Vaccine is readily available.
The massive financial support packages that have been announced will be at least partially withdrawn when the lockdown is lifted then when the next lockdown is ordered another, probably equally huge, package will have to be made available. This will also have to be repeated until the Vaccine is readily available.
The cost to every country’s finances is going to be absolutely horrendous and we will be burdened with this debt for decades. It is already being said that it is going to be difficult to avoid the ‘cure’ being worse than the disease. Of course the cure is financial and the disease means a lot of premature deaths so it would be a foolhardy politician who came out and admitted that the Government is going to allow thousands to die in order to avoid spending some money.
For shares in general this will surely be a weight on any rise in value but different sectors will gain or lose in the ‘new order’. I’m sure that any business in the travel/tourism/hospitality sector is going to have a mountain to climb.
But as they say “every cloud has a silver lining” and IMO ALGW is that silver lining.
@giles - I think it is just another tool for potentially gaining some insight. The fact that support and resistance lines continue to exist and hold (albeit for many shares much LOWER support points than might normally be expected in typical market condition) means that the psychology of investor sentiment can still be modelled albeit at wider extremes.
A bargain will always be a bargain at a certain point (whether buying or selling) - picking it is the key. I gave my summary today as I think that as investor sentiment turns up, the confluence of news, general market improvement (big stimulus packages etc) and yes - even some technical indicators are all worth considering together in looking to interpret or infer share price movements .
I offer no advice or guarantees , nor do I promise some kind of inside knowledge. I just give my opinion which can be wrong as much as it's right. If off the back of that we stimulate a discussion or debate to highlight or refute anything I've presented then that is all to the good in my book and we can all learn together.
To your point about ALGW in particular - I'm attracted to this share mostly because it is something different to most others in that it is uncorrelated to normal market drivers. Logic says where that is understood, it should drive positive movement however, with the MM's still mostly in control just like on AIM and with a reasonably small free float available it does remain at this point little differentiated from a lot of popular small caps that traders play with.
I think you have been shrewd in your investment here and ultimately I would expect to see you well rewarded for your insiteful choice. What the path from here to there looks like I'd prefer not to speculate on.
Good luck and stay safe @giles
In your opinion, is charting a more or less valuable tool in the present environment of alternating panic and relief that seems to follow any fresh data concerning the rise and fall in cases of Covid-19 infection in relation to:
a/. FTSE350 companies in general.
b/. ALGW specifically.
ALGW, which share price should not be affected by those circumstances which lead to a rise or fall in indexes (as it is non-correlated) will, never the less, be affected by investor liquidity and general panic about the future (e.g. Secretblueprint who says he has sold everything and bunkered down in the Scottish wilderness).
Sorry correction - the descending line is from Jan not December
@Ir4850 - we only finished "up" because of the UT tot he day before giving a close at 1.68. Actually we were flat - which is good after the rise.
On the (Hourly) chart (well the one I've drawn anyway), we finished smack on the descending resistance line from December - but from above having broken it during the day so theoretically it should now provide support.
The sharply rising EMA50 sits at 1.483 with the EMA200 just above and in range at 1.571. crossing through that in an upwards trajectory would be very good news indeed and likely spotted by many to signal time to buy in.
I agree with @giles and have discussed before the important role day and short term traders play in providing liquidity. I think the recent bump in price was triggered to liberate those loosely held short term shares purchased down in the 1.2 to 1.3 range and has given a little life to an otherwise stagnating pond. Even without news (I do expect something incidentally based on the V O X markets piece) I think we could expect a move up to the 2.3 range potentially but remember news always trumps TA in a share like this so watch out for it.
Stay safe and well everyone
You shouldn't knock day/short term traders, they give liquidity to what would otherwise be a very difficult share to trade as the spread would be even greater. Personally I don't have the nerve to day/short term trade, nor am I able to be at a screen constantly monitoring the price, well until recently that is :p
.... for day/short-term traders, it would have been by a lot more. In this stock market, these traders have less choice and are scouring for stocks that has risen significantly -ie, appear on daily riser boards.