Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Mistakes happen but really shouldn't at this level. I'm pleased that the board have clarified the position though and I will continue to hold for the longer term gains.
42 cents which equates to ~30p per share. That is my target price.
Let’s just say if (when?) it hits 30p we’ll all be very happy regardless of which tier you’re in. (No tiers here thankfully)
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#ALGW last chance to get in sub 4p and this will be huge. Here are some reasons to be holding for long term.
1. The Black Oak Alpha Growth Fund has demonstrated its performance resilience on course to provide a return within the 10% to 14%.
2. Going into 2021, record low interests rates look set to continue making the BOAG more attractive.
4. Alpha has probably the top life settlements market maker, Danny Swick, with $8Billion of trading experience.
5. Alpha with SLIM has in-house actuarial expertise specific to life policies - a quality not found in usual settlement businesses
6. The above two points are validated in the progress towards $100million credit facility
7. Points 4&5 are inlet and processing. Austin King, with extensive connections has been brought in for the outlet; the sales.
8. KPMG has validated a 16.2% annualised return on this uncorrelated asset
9. "this uncorrelated asset": the asset class is not affected by general market
10. Alpha has structured a tax-efficient system which will bring in global investors
11. Black Oak fund has already received commitments for seed capital of $15 million
12. The market is absolutely massive at $19Trillion with $57Billion policies lapsing each year
13. Only $2.8Billion of policies are settled each year. The $57Billion lapsing is there to be taken.
14. The market will climb over the next 10years as baby boomers retire
15. Note the wave retiring is more tech-savvy, internet dependent: ideal for targeted marketing
16. Point 15 also means that social media / marketing will build life settlement awareness
17. Perhaps THE key point: Life settlement is a great option, far better than surrender or lapsing
18. The $100million credit facility can be used to buy $500m of face value and repeated 4x per year
19. Alpha has a unique situation with specific talents amalgamated for Life Settlement
20. Legislation is already present in 6 states to ensure life policy holders are made aware of the settlement option.
21. This is a scalable, low overhead business which has potential ahead to 10bag, 20bag etc.
22. Based on the projected targets Y1:FUM $100m, Y2:FUM $350m etc, the projected FUM after 8 years will be approaching $8 Billion
23. Potential for asset manager(s) to increase credit facility
24. The initial $100m trade target for year 1 indicates confidence of business developing quickly. After Y2, expected annual increment more than $250m
25. When asked about 3-5 year target/valuation: Danny Swick's reply "..Yes, I think the ultimate goal which I think about on a regular basis is where we get to a point where we have a market cap in excess of $100million.."
26. "..The life settlements market could experience a double-digit compound gross market annual growth rate (CAGR) over the next decade, according to a forecast from investment management consultancy Conning.."
RRE went from 300p in 2016 to £21 in 2019. Ultimately taken over at £18. Several suspensions and each time re-admission at 100% increase over suspension price. MC at takeover was I think around £250m.
In 2018 Carnarvon Petroleum estimated the full cost per barrel to be USD20 on the basis of 31mmbl of oil extracted over a 5 year period. At todays POO that would give a net profit per barrel of $30 of which 50% would accrue to ADV. If they are looking to extract 31mmbl over 5 years that's approx 17,000 bopd and ADV attributable profit on that delivery would be ~ $7.6m per month. Eye watering amounts for such (not to be for much longer) a small company. NB the 31mmbl is the mean forecast - low is 15m and high is 45m. ShareInvestment's continual analogy with RockRose is looking very good imho.
Just dipped my toe in with 500k. Been watching this share for some time now and have a good entry price.
Patience is a virtue and I believe that in the medium to long term this share will grow exponentially from where we are today.
Share_for_Share swop
Surely if there was going to be a share for ************** in the new co there should be an EGM held to approve such an arrangement. I agree with njames that it looks as if we PIs are going to be left high and dry whatever the outcome is .
Be great if you are right SI. Been in this for years with lots of broken promises but our new management team will I believe deliver bigtime
Listened to the interview and re-read the presentation. Really impressed with the management team and I’m hopeful we may hear about the first deal this quarter.
If they only replicate what Rockrose did by a tenth that would be a 5-bag but I think our BoD are setting their sights much higher than that. We are fortunate to be in this share at the beginning of what I believe is going to be an epic and fruitful journey.
They have something planned I’m sure of it and if they can build this company up over the 3-4 years to produce 20k bopd we are talking of a Mcap in excess of £200m.
Couldn’t agree more. This is potentially the most exciting share in my portfolio and I will continue to hold for the longer term rewards
Think he means 10k bopd not 10m!! Excellent piece of research though nonetheless.