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A post well worth writing SBP .... $100m facility would not be given to an unworthy company ....ALGW must be worthy and their "business blueprint plan and status " must be worth it
Secret blue .
Great post
Very well worded and explained,this is going to be mega
Alpha Growth - VOX Interview 16th Sep 2019 (Transcribed)
Vox
Is it hard to find these good value life settlement funds and acquire them?
Gobind Sahney, CEO
Well I think that if any investment professionals that are not aware of longevity assets said "Hey I want to buy a life settlement, I am sure that they could google it and come up with it but you (they) won't necessarily know what you are buying or how you are going to buy it: what the process is..so that's why we are in business and one of the interesting things about life settlements is the legal, accounting, tax, actuarial complexities and so you need to know who and you need to know who is good to go to and so I think that from our company perspective, we are fortunate to have Danny Swick, our COO, who is one of the leading if not the top market market makers in life settlements in the US before he joined Alpha and so we are pleased to say that product resourcing is not an issue....we know how to find the right assets and, of course, we know how to buy them.
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https://audioboom.com/posts/6675752-gobind-sahney-executive-chairman-of-alpha-growth-plc-algw-150218
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jambam
13 Jul '18 - 12:41 - 216 of 3803
0 1 1
In a nutshell - targeting mult-billion dollar longevity asset market which Alpha hope to make more visible to investors and make more mainstream. Strategy to buy rated (low risk) life insurance policies which they continue to pay premiums and collect death benefit.
SLS/longevity market - annual potential sold to secondary markets in 2016 about 140bn dollars
€Aging population -. net market potential of the market to grow to 170bn dollars by 2025.
Dilution unlikely until 2019
Only life settlement asset manager with footprint in UK, Europe and US and one of the first life settlement firms publicly traded
Alpha team has > 80 years experience in life settlement market with $4bn of life settlement transactions under their belts
Longevity assets uncorrelated to other markets - return more definite - rate locked in. visible cash flows.
Partnership with one of the big 4 accountancy firms
Margins - IRR of 15% on policies
https://www.vox markets.co.uk/media/5d2dc909906f7c001bea5f8c/?context=/listings/LON/ALGW
https://www.vox markets.co.uk/listings/LON/ALGW/multimedia/
Looks like a no brainer imho....Confirmation of Alpha Growth's USD100 Million Loan Closure will see this fly. Other material news expected near term too. GL :')
"we are fortunate to have Danny Swick, our COO, who is one of the leading if not the top market market makers in life settlements in the US before he joined Alpha and so we are pleased to say that product resourcing is not an issue....we know how to find the right assets and, of course, we know how to buy them."
Would like to see the directors buy shares
Competition
As the provision of SLS advisory services is relatively unknown in Europe and Asia, the Company believes that
there are very few direct competitors in the market. One of them is SL Investment Management based in
Cheshire (which also manages funds in its own right) and AA Partners Limited in Switzerland. This provides the
Company with an opportunity within Europe and Asia to gain significant market share.
In the USA institutions such as Wells Fargo Trust Services, Wilmington Trust Services, Maple Life Financial LLC,
Longevity Market Advisors LLC and Ernst & Young provide these services but primarily to US based investors
and often as part of services in relation to other asset classes. The Company believes that its sole focus on the
SLS Asset class will be of benefit to clients who do not need, or wish, to be cross-sold opportunities in other
investment areas.
Worth a read https://www.financierworldwide.com/life-settlements-in-2018/#.XeuVYvzgrIV
from advfn
Pershing Nominees s/holding: 21,465,000 = 42.86%
euclid5
16 Oct '18 - 09:05 - 939 of 3806
0 0 0
There are a large range of services Alpha are offering to clients not just administration fees on managing the portfolio of SLS policies:
The Company expects to acquire and retain clients which are institutions through existing relationships of the
Directors and by active promotion within the SLS Asset sector.
The Company expects these clients to require the following range of services:
Advisory
• Advice on existing SLS portfolios to achieve target returns including diversification of portfolios by way of underlying medical conditions, gender and carriers
• Due diligence including a review of exclusions, riders, maturity dates and credit ratings
• The servicing of acquired policies
• The valuation and modelling of the SLS Assets
• Reporting and monitoring of the deaths of the underlying Insured
• Communication with underwriting insurance companies
• Fund collections on maturity
• Reporting and monitoring on the performance of the insurance companies which have written Policies
contained in client portfolios
• Regulation, risk and litigation analysis
• Review of Valuation Basic Table changes which impact on portfolio analysis
• The project management of specific opportunities within the SLS Asset class
Acquisition
• The sourcing of SLS Assets
• Aggregation of SLS Assets for larger mandated orders with minimum transaction sizes
• Initial analysis to establish price
• Advice on the execution of SLS Asset portfolio acquisitions including title transfers
• Structuring of acquisition vehicles
Disposal
• The analysis of pricing policies in relation to potential disposals or part-disposals
• Advice on potential portfolio buyers
• Advice on the execution of portfolio disposals
Http://algwplc.com/wp-content/uploads/2017/12/AlphaGrowthPLC.pdf
“Would like to see the directors buy shares
Shut up jarvy. They own shares. They are here to grow the company for major insitutions. Their wages will more tha man suffice
It is a debt facility. The overdraft is a good example, but it is debt with fees attached. Obviously they will crunch the numbers to make a profit, but it is still a debt all the same.
Hopefully push north next week. Will be hard to buy when news drops and potentially it is bags. However they still have to deliver.
https://www.hvst.com/organization/the-laureola-investment-fund-2/posts/governments-want-more-taxes-deflation-in-europe-wART8mY6
ignore wolf and read that as a comparison
I think wolf is being pragmatic, I can't fault him for that. I hope this goes ballistic too, but temperance is no bad thing.
Wressmycase don't tell me to shut up who do you think you are? They gave themselves shares at the ipo and have been diluted since Swick invested 15k in the placing pis hold more than that. Skin in the game aligns them with share holders. Its about having balance and not just this is going to explode best share this year blah, blah.
What's your opinion Jarv? Personally i have taken a slice based upon opinion from various sources, what is your slant on this? I appreciate balanced views, hence the question, if you'd be so kind as to reply.
If they are this close to anouncing significant information which will affect the share price then surely they will be in the closed period and therefore not legally allowed to buy shares? So one could argue a lack of BOD buying is good news
Psn I think it has fantastic potential if they can pull it off but any one that has been in Algw for the longer than a few weeks knows that there are a lot of legal hoops to jump through. This will be as far as I know the only listed company in the Uk that can offer UK investors a chance to invest in this type of asset. It is a massive market in the Us. And yes maybe the directors will buy more after the contract is signed but they have had opportunities before, we will see.
Thanks for the reply Jarv, I get what you're saying as in, to an extent it is a punt, but definitely worth a few quid should it come good. Fingers crossed, and all that......
It is a punt at the moment until they deliver this is a bit morbid but worth a read https://www.bloomberg.com/news/articles/2019-02-11/betting-on-death-is-turning-better-than-expected-for-hedge-fund?srnd=premium-europe
from advfn
2mex
7 Dec '19 - 18:02 - 3807 of 3811
0 1 0
‘Life Settlements’ CFO Eyes Vast Potential Market - 07 Apr 2016
"The company is banking on the aging population giving rise to a surge in market of seniors selling no-longer-wanted life insurance policies."
A Beckoning Market?
Here’s a fairly sobering fact:
nearly 88% of universal life insurance policies don’t result in a payment or claim.
In 2014, $602 billion of individually owned insurance benefits lapsed or were surrendered
In 2015, $182 billion of such benefits were in policies with the kind of profiles that might be fit for life settlements, according to research firm Conning.
“We believe that life settlements are going to be very common consumer transactions in the future,” says Acheson, noting that “reverse mortgages were not well-understood or widely accepted 15 years ago.”
Acheson, who’s had a long career in specialty finance sectors, mainly mortgages and unsecured lending, says that “like many people,” he’d never even heard of life settlements until not long before joining GWG in mid-2014.
“As I looked under the hood and saw the emerging growth nature of this market, with the senior population expanding rapidly, and as I began to understand the transactions and what seniors get from them, I thought, ‘Wow.’ The business has some interesting math and also specialty finance characteristics, so it’s a good fit for me.”
https://www.cfo.com/profiles/2016/04/life-settlements-cfo-eyes-vast-potential-market/