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Hi, I hold a small position here. Was lucky enough to get in at the most recent bottom. I understand the business model etc but canāt find anything on the rates that are charged and what % discount the goods are purchased. Iām wondering what benefits the company gets in using SYME As to getting a standard business loan with rates at rock bottom and negative in some instances? Is it just so the debt donāt show on the balance sheet as debt? Is that really worth the extra charges? Forgive my ignorance, I donāt work in this sector. Could someone a little more clued up on the company/sector explain this in laymanās terms please? Thanks.
Ok, so the company will be releasing the audited accounts for the period ending 31 December 2019 before the end of July. It will be interesting to see if it has indeed generated any revenue for the contracts signed from RNS's; 25th Aug 2017 - Ā£4.7 million per 1 million tons handled and; 22 Dec 2017 - Indian-Based Stevedoring contract. Both look to be huge contracts that should be generating the company good returns. If true then we should see a pretty decent re-rate on the stock price. If we get a bunch of excuses and no revenue then it could get ugly in the short term. Good Luck all.
MPL next project?
https://www.google.co.uk/amp/s/www.moneycontrol.com/news/business/companies/hunch-ventures-looks-to-build-on-its-ports-investment-3799481.html/amp
Tansu, Do some research on the surrounding area of the port too. Navi Mumbai is getting massive investment injected into the area. The contract with Tata is regarding the new bridge that is being built across the Karanga Creek linking Navi Mumbai to Mumbai. Navi Mumbai is being transformed into Indiaās āsmart cityā with massive infrastructure projects happening over the next 10 or so years. Obviously DYOR but this could be a great longer term play. GL.
Iām assuming that you are Zahid Ali - TR1 holder in PYC?
Dude, do you do any DD at all or do you just blindly throw cash at random companies and hope for the best? Learn or lose man.
I think youāll find that Giles IS underwater (he stated this in a previously post) as are the majority of us I assume. I just think he has heard some ideas and they make sense to him. I hope that whatever he has heard turns out to be true and we see an ALGW that has put its shareholders in profit and more importantly, substantially reduced the risk here. Iām with Bots... I aināt going anywhere for at least a few years (depending on ALGW Progression of course). I just hope things turn right for all our sakes.
Come on Giles, throw us a bone... Iām curious. You can send a private message if you donāt want to air in public.
Spill some beans Giles, what are you hearing... Iām a sucker for a good story. It isnāt this pharma direction thing that tutu (lulu) is waffling cryptically about on Twitter is it?
Anyone know when our next market update is due?
The free float here must be tiny! The spikes on news could be shocking If all remain sticky. Iām looking to double (at least) my holding once I get news that significantly reduces the risk and donāt mind paying premium.
Solano - you (as Solano and Lulu) accused Orphidian of being a short. The guy has already told the board (not that he has to) that he hedged his long position with a short after he rightly saw a drop coming after the last podcast. He has been totally transparent - have you?
āThose who are here to trade itā? Solona, are you serious? Why would anyone want to trade ALGW at this point? Traders follow the money flow. There is very little volume here ATM and even when we are moving it is on low volume - traders need volume along with price movements. I jumped into ALGW for a swing trade after the RNS revealing the CF and thought I could make a quick buck once it was signed off. I didnāt know anything about the company and didnāt much care - just wanted a ābig nameā to land and sell the news. Didnāt happen but The volume and liquidity was perfect to get in and out. After reading some of the genuine investorsā (Giles, Orphidian Et el) views on the company, decided to do my own DD moved Some of my position in ALGW into my ISA and top up once a month for a long term play. you wonāt see traders here until substantial news drops So cut the crap about traders and shorts, they are all out trading the 1000ās of better opportunities available right now. The only people who are interested in ALGW at this point are those who have done DD and believe the company will do well in the future - me included.
Hahaha... you been rumbled. diction is spot on for Lulu. Embarrassing.
@robbo ALGW is NOT an AIM listed company. We are listed on the LSE. Cheers.
For those of you looking for a Covid 19 connection I suggest looking into Merck. DYOR.
Can someone update us on how level 2 is looking please?
Criminal holding the price here with the buy/sell ratio.
1.3*
ordiphian was bang on (again). MMS trying to get shares back under 3.1 but only finding buys at this level. What do they try now? Would love to get orphidians take but doubtful he wants to contribute due to idiots undermining his every post.