focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
What are you talking about? The company doesn't have 2Bn in assets. If it did I'd be retiring. It doesn't even have 2Bn in AUM yet. Some advice - if you don't understand the basics of what you're talking about then start by reading the RNS's and asking questions before going any further.
Awesome do share the brokers note I imagine a very high valuation given the latest accounts and 2billion value of assets.
There are very few shares around to trade.
Very difficult to buy any large amount.
Once we test 2p again we will move up very fast.
Completely agree great entry point.
This is well worth a trade at these levels.
Will test previous all time high of 8p soon
I have a feeling this will finish well over 2.5p today around 3p.
-DEBT FREE
-CASH = MCAP excluding cash insurance!
-2BILLION ASSET MANAGEMENT BY YE
-News coming in due course
DYOR not advice.
Unlike GBP hey Gordon...
Hotting up
If you look on the report & work out the free float, there's not a great deal.
Nothing comes very soon with this company. You got to have the patience of a saint
Yup, 19.44%
Btw, I’m on L2, up 11% already…..
I was about to say that same thing Mozax, yesterdays RNS under the radar...i was gobsmacked by the initial reaction.
That is the key thing for me. No debt, healthy cash balance. What's not to like.
And, no debt, they’ve paid that off.
This is Main Market too.
An update released mid-afternoon on a Tuesday and not noticed by the market.
Well, it’s getting noticed now.
NT, someone’s hoovering big time.
I don’t think so.
MCap near cash.
I’ve been involved here over many years, highly undervalued at these levels.
£2 Billion under management BY 2025.
Yes…… BY 2025.
Shareholders are going to get plenty of news in the next 6 months.
Yawn the rampers are back out again.
Good update . But will take more to move the needle I suspect.
Updates coming very soon
The Company continues to actively evaluate and pursue a number of acquisition opportunities and the board looks forward to updating shareholders in due course.
MMS can't hold it longer.
This is strong buy and hold.ALGW will go look ng way.
As at 31 December 2023, the Group had significant cash reserves of c.£7.42 million (excluding amounts held within life policies).
The Board has adopted new Key Performance Indicators (KPIs) as detailed on page 14 of the 2023 Annual Report, which demonstrated stability following the acquisitions at the end of 2022. The Group's assets under administration and management reached $619 million, a small advance towards the Board's $2 billion goal, whilst the surplus in net current assets over regulatory capital requirements amounted to £2.7 million, reflecting a healthy financial position.
In further positive news, the Company has fully repaid its borrowings and is now debt free.
The Company anticipates no current need for further equity capital as it advances towards its established goal of managing over $2 billion in assets by 2025. Both Alpha International Life Assurance Company (Guernsey) Ltd ("AILAC") and Providence Life Assurance Company Ltd ("PLAC") achieved credit ratings in the past year, positioning these entities as potential financing vehicles for acquisitions, if required. This development marks a substantial leap forward for the Company, bolstering its M&A strategy significantly.
The Company's path forward includes adding to Alpha's core management team in the positions of fund and life insurance marketing. The Company is encouraged by independent feedback in the industry of the life insurance linked wealth management "ecosystem" it has assembled. The updated Alpha website (www.algwplc.com) has also received many compliments regarding how it explains the "ecosystem" the Company is building. The Directors are confident that this recognition will, in due course, translate into increased market value as a wider audience becomes more acquainted with Alpha and its offerings.
The Board draws shareholders' attention to the Audit Report contained in the 2023 Annual Report issued by PKF Littlejohn LLP ("PKF"), which includes a disclaimer of opinion due to PKF being unable to assess the potential impact of IFRS 17 on the accounts. Management's view is that the treatment of all contracts issued by AILAC and PLAC as investment contracts in accordance with IFRS 9 is both consistent with prior years and has no material impact on the reported loss or net assets. Accordingly, the financial statements are consistent with UK adopted International Accounting Standards.
The Company continues to actively evaluate and pursue a number of acquisition opportunities and the board looks forward to updating shareholders in due course.
Todays rise has put it on the top pile of the leader board which means many will check out the RNS this evening and see the value down here. Tomorrow this goes again!
Bring on tomorrow :)
Debt free after today and cash flow positive and soon managing over 2billion in asset value!!!