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828, 423 x 2 , 198, 215, 105 x 3 . Plus other smaller bits
Up 21.7% and Bid rising ……news?
Volume is 2.6M, all buys by the looks of it, did you buy the 828K, great buy at that price.
I m buying some chunks , it seems to be moving the price . And I m having to buy smaller and smaller each time.
And you can’t buy anything, interesting.
If the company had told us back in H1 that they were doing DD on an acquisition we would all be questioning when the acquisition would complete much like when they gave an expected timeline for previous acquisitions which were then delayed by bureaucracy
Ah, right. I'd missed the point - read it but took it as a general objective rather than one actually being worked on. Seems strange it was the broker who told the market.
This note was from November, so the potential acquisition DD has been ongoing for at least 5 months which suggests its a big number of potential increased AUM given the amount of time the DD has taken
"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"
It's a fact, have a read of the latest broker note here:
https://www.allenbycapital.com/client/alpha-growth-plc/
Is it a fact that a prospective acquisition is currently under DD, or speculation? I haven’t seen a definitive statement to that effect.
Looks good. Company delivering on the fund side of the business as promised. Hopefully they'll rns the increase. Managed to get the top up in my SIPP done today too couldn't get a quote for the full 10k so had to break it down into 3 buys, the last showing as a sell for 134431
Nice find CSZ
this should start to gain some momentum
Happened to spot this morning that it looks like the Interval Fund has had a substantial in-flow of investment: https://ftcloud.fasttrack.net/web/chart/AAACX
Recently the AUM level has been around $3.8M 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.
Assume you mean 1.0?
Looks to me like ALpha is really struggling right now. Not sure weve seen the bottom yet. Will be surprised if it's not below 0.1 soon.
Cevodniya, it's been a bit of a long haul but I think we are getting closer to seeing news on various fronts which should help the SP back to a much more realistic number. I've added more recently and just waiting for some money to be transferred into my SIPP and I'll be adding another £10k, just too cheap right now imho.
Cszjrh01, totally agree with everything you've said there. I'd like to think that the acquisition they're doing the DD on will be enough to take us through the $1bn AUM mark.
Cszj, I hope you are right mate, it's been a long long wait and I suggest a great many of us are under a lot of water.
I'm holding a bucketload of Rolls-Royce at an average of 89p and similar in Easyjet at an average of £4.01.
Could easily take some profit and roll into ALGW, just don't know if my balls are big enough, I'm pretty heavy in ALGW at the moment averaging 2.19p.
Decisions Decisions
More waiting and patience involved here but I think there's a few potential triggers for the start of re-rate coming along quite soon.
1. The 187.5 million 3p Warrants will expire in mid December. That takes a significant amount of dilution off the table and as per the latest Allenby note the company still feel they've plenty of "cash" in the bank.
2. Cash in-flows into the Interval Fund. As per the note, the company has been spending a lot of time streamlining and now advertising the interval fund. Hopefully we should start to see the fruits from the labour as investments come in.
3. The latest acquisition is already in due diligence so presumably the next thing we'll hear will be a completion. Given the shape and cost of the previous acquisitions I'd guess we'll see something like another $200-300m AUM minimum being added which will come along with another 'bargain price' financial adjustment.
I'm happy to continue holding.
I bought 786275 at 1 248
250,000 at 1.2475p and 250,000 at 1.24p as I could buy in 1 go!
I'm done now though
Buys coming in
Going to tick up
Looking back at the latest broker note there's a couple of things that jump out re: Net Asset Value.
1. Current NAV is around 1.5pps so the current share price is already below the valuation of the assets owned by the company.
2. The note gives a clear indication of where they see NAV going on the back of the in-flight acquisition if its of similar size to AILAC: "The current share price doesn’t reflect the potential benefits of recent transactions or product initiatives. The price is substantially supported by net assets, that discounts the optionality demonstrated by the returns from the AILAC transaction – a similar deal would increase net assets to c. 2.5p a share – or potential growth in AUM; we estimate that another US$100m of AUM would move EPS into positive territory."
Feels like anything bought at these levels will turn out to be a bargain.