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Pin to quick picksAlpha Growth Share News (ALGW)

Share Price Information for Alpha Growth (ALGW)

London Stock Exchange
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Share Price: 2.15
Bid: 2.00
Ask: 2.20
Change: -0.15 (-6.67%)
Spread: 0.20 (10.00%)
Open: 2.25
High: 2.25
Low: 2.10
Prev. Close: 2.25
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CORRECT (Mar 4): Alpha Growth outlines improvement plans

Mon, 07th Mar 2022 05:22

(Correcting to clarify that Alpha Growth does not plan on using equity raises to fund new acquisitions.)

Alpha Growth PLC - London-based financial advisory specialising in 'longevity assets' such as life insurance - Outlines new strategy, dubbed 'Alpha Growth 2B Plan'. Alpha Growth says last week Monday: "The 2B plan is Alpha Growth's ambitious but achievable objective to be managing over USD2 billion of assets under management by 2025, this will provide the company with a significant source of predictable and recurring revenue." Says AUM growth to be achieved through offering "new, complementary and innovative strategies to our clients". Does not plan on turning to equity raises to fund acquisitions.

Current stock price: 2.09 pence, up 4.5% on Friday

12-month change: down 13%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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