RE: Positive messages30 Apr 2020 17:23
Hello Solana,
I didn't save Watsits post but I did save this one from a week or so ago. Rightly or wrongly influenced me to buy a very round sum of shares. Since your juices are itching to flow...
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There has been a lot of sense been written on this board and a lot of false assumptions too. I don’t believe many people commenting have either read the prospectus and/or really listened closely to the podcast from 1st April. In essence, this company only really ‘started’ in March 2019, before them it was an undefined, un-investible bunch of of ideas and discussions. Since then, DRB/Blackstone representative has joined the board, some questionable directors (and entourage) have left the board, prospectus has been promoted and finance package is in advanced progress. Now is the traditional and sensible time to start investing in something like this not 3 years ago.
Firstly, the BOAGF is a small retail orientated fund of which ALGW own 50%. It’s basically tick over money, the profit from which will pay for the wages and offices but also it will give ALGW a foot in the door from an advisory perspective and also 50% of an asset worth selling (remember that last bit). BOAGF will allow then to break-even as a business this year but is not the goldmine some of you seem to be making it out it is.
By far the biggest potential of this company is the Hybrid offering, a tax efficient bond/equity mixed fund that can be customised to suit High Net Worth Clients and Institutions based predominately in Europe and Asia. This fund is limitless and can be hugely profitable to not only ALGW but to a large lender/financial institution. It is also another offering for said institutions high new worth clients, especially if you have PARTNER in-house advisory team who know the fund inside out (capiche?).
So, what is happening here and why is it taking this long?
Gobind and team are not only negotiating an RCF that will service the BOAGF but primarily they are negotiating finance for the service the initial first steps of the huge HYBRID offering too (a pooled amount). Not only that, it is obvious that this will become an alliance/buy-in deal, plugged into the Major UK Lenders global infrastructure to augment their offering. The RCF is clearly a cover story for a more involved global partnership with the lender (remember they are buying in). Hence the time it is taking and the need for expensive lawyers and diligence. They’ve cleared the board, most likely for a member of the lender to join or make buying in easier without meddling from some of the more ‘complex’ directors from their recent past.
At this point I could mention Blackstone, HSBC, Citigroup, Schroders, JP Morgan etc . But I don’t have to, whichever it is, it’s immaterial.
To be continued