(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
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Alpha Growth (ALGW)