Member Info for Daisy1963

Bamb, I think the " opportunity pipeline" is already thought out.
The share price just needs to rise and stay above 3p for the warrant money to be released, so even I cannot see a placing coming.
We just need that broker note to give us a price target above 3p

£48k plus just showed up.
Can anyone confirm that it is a buy?

Tigertastic, I think when we get the figures in April showing any sort of maiden profit then that is when we will start to see better, more reflective value.

This article is probably the best bit of promo that the company has done so far.
I think the circulation of the paper is around 90,000 on a weekend but it is the type of people who read these articles who will probably invest for a speculative punt which turns into something more long term.

Giles, as I had not asked your permission, I thought it prudent to give you some anonimity.

Just to clarify, these notes were from a year ago and certain elements have changed since then.

This was the excerpt from the placing documents for Northstar last year:•Acquisition opportunities at the insurance company level currently in review with management, that could accrete over ~$1.5b in assets under management and add ~$2m+ to net income over the next 12 months.
•Relationships with global network of financial advisors to UHNWI.
•Alpha sees this opportunity as fulfilling and building on its strategies. The life insurance license provides opportunities on a global level to attract investors into Alpha’s funds, increase AUM in longevity assets, source clients for longevity risk coverage, and relationships in the reinsurance market. All of these strategies generate sticky and predictable income combined with a lean operating structure.
Doc2:
Alpha is acquiring 95% for US$3.95m -valuation was conducted by a well known third-party actuarial firm.
•Alpha directing a fund raise of £3.2m through Pello Capital –100% of proceeds to be used in the acquisition.
•Approximately US$2m of cash remains in insurance company as part of surplus –remains as permanent capital of company.
•Current valuations of similar* asset management companies (none have the regulated license that we do in order to provide insurance based wealth management solutions) have an average 29x PE Ratio.
•At current earnings not including any acquisitions insurance company alone will add over £10m in market cap value -over 3x of investment.

@Iain2351: See my post of 20th April @ 16:00 for where I think we'll be short term (up to 18 months).
raadaar's guestimates on the SP are in the same ball park but I don't think ALGW will get to $1 billion AUM, I'm much more conservative thinking $250 million could be added to AUM this year.
At the moment the Group is roughly at break-even. An additional $250 million of AUM should generate a net profit of £2.25 million which, using the current shares plus warrants would give an EPS of 0.36p. Using a P/E of 25 this would translate to an SP of 9p. Of course EPS and P/E etc. are for established Companies whereas ALGW is still full of potential so maybe an SP of 20p could be achievable in the next year / 18 months.
20p would result in a Market Cap of £120 million or so at which point ALGW becomes a 'target of interest' to the big US asset management organisations and we can expect a buy out to follow.
So somewhere between my 20p and raadaar's 32p in a couple of years time :)

Similar Asset management companies to ALGW, and bear in mind that afaik no one has quite the same mix of licences and funds, trade on 29x P/E but these are established and don't increase their AUM dramatically year on year.
£1.5 million x 29 / 428.3 million shares = 10p/share. BUT the SP is a reflection of what the future earnings might be so might the future AUM and earnings be double? Then the SP should be 20p. GS has stated that his target (by this does he mean exit strategy?) is to get ALGW to a Market Cap of $100 million which is currently 17p/share (or 23p in the unlikely event that he meant £100 million). Remember also that the shares in issue will increase by 187.5 million between now and March 2023 when warrants are taken up so the SP needed for ALGW to have a Market Cap of $100 million would then only be 12p/share.

From a retired accountant, hope he does not mind me re-posting his figures:

Northstar’s Proforma net profit after tax was stated as $487k which equates to about £355k.
The fees that will be earned, over the next 12 months, on the current $25.5 million AUM, assuming a 10% return on the fund, come to £195k.
So the ALGW Group’s projected annual income on today’s joint AUM is £550k.
Northstar’s Operating Expenses are paid for in the £355k net figure above.
ALGW’s 2020’s Operating Expenses were £567.2k including £247k of Directors Fees, £12k of which was made to departing Directors, so call it £555k.
I think we can say that, as of now, ALGW is, more or less, breaking even.

So for the future:
Michael Molloy has joined and will presumably be paid about £100k which will only need about an additional $14.5 million of AUM to recover that in fees.
IF the RCF Counterparty directly invests $100 million in BOAGF that would generate an additional $1,050k or £765k in fees which goes straight to the ‘bottom line’.
Likewise whatever the existing BOAGF investors increase their investments by, and this could be another $100 million, will also generate fees that go straight to the ‘bottom line’.
In addition there is a good possibility that clients of Northstar, who have $270 million AUM, will see the benefits of also investing in one of ALGW’s funds or SPVs.
It is worth noting that any AUM in the G&I fund or SPVs will generate up to x2 the fees as they do not need to be shared with SLIM.
At some point between now and March 2023, holders of the 170 million warrants (net of Pello’s) will want to pay for them, and this will give ALGW a further £5 million of Share Capital on top of the ‘extra’ £200k raised recently.

All in all I think the ALGW Group could well be showing net profits in excess of £1.5 million per annum in a year’s time.

Will GS complete any of the acquisitions that Northstar’s had lined up and thereby increase the Groups AUM even further?om a retired accountant, hope he does not mind me re-posting his figures:

I am sure they were looking at an acquisition where the AUM was around £1.5 billion.
Giles did some calcs a couple of years ago which I looked at last night.
I will post them so the experts can dissect them.
Obviously with Covid and the war the expectations are way out.

Fingers crossed.

Agreed, his style is rubbish and he comes across as dithering and not very eloquent.
Urms and Ahhs all the way through.

If you say so Terry.
I don`t need to talk it down, GS does that.
We have doubled AUM and still just above IPO price.

Raaydaar, I meant future acquisitions will be funded if the shares go over 3p.
At the moment, that is looking unlikely.
Share price says it all.
Next, you will be trying to say that this is a start up company and needs to grow.
I rest my case.

They could not sell coal to Newcastle.
So much for the hotshot sales person.
Acquisitions-that`s the way forward.
No names mentioned as yet so we could have been sold another pup.

Lets hope they don`t, it usually falls back when GS opens his mouth.
No RCF
No SMA
Just a shell company taking over over investments to boost AUM.
They need to get over 3p otherwise the acquisitions will not be funded.
Some have a lot to learn on here

No.

Wow, a PROMISED company update due later this month.
We have moved on from "expected".
Things are looking up.

Bluepanther, pointless positive posts are quite frankly-pointless.
I have seen the positive posts on here and they have done nothing.
This company has not delivered what it said it was going to do, so why should I wait another 3-6 months?