@Alun21: You say you 'have it on authority' that the 15 million share sale was due to a T20 that couldn't be covered and that the individual had to sell shares to cover their position. 15.8 million shares is 3.65% of the total ALGW shares in issue. Not only has this individual never submitted a TR-1 when crossing the 3% line when accumulating but he/she needs to submit one now updating his holding.
Couple of late reported trades, not reported until after hours. One which seems to have been done before market open this am for 15.5 million shares and another done at 12:44 for 4.2 million shares. Big one looks like a sell as it was at 1p less than the opening price. The other could have been a buy. No wonder there was movement of the SP. Hats off to the MM's for churning 49 million shares and earning themselves some £25k.
A few people got scared or impatient and sold, the MMs hammered the price to frighten more 'investors' and it worked and some 3 million shares have been sold. The some other people who are more patient / better informed have picked up these shares at about 4.2 / 4.3. Usual shenanigans in an illiquid share.
RE: Riches being moved from the impatient to the patient.15 Jun 2021 10:33
In one of my early posts I gave my opinion of GS after having met him. He is 100% focused on ALGW and considers it to be HIS 'baby'. His opinion is that if you don't have complete confidence in him and let him run and do with the Company as he wishes then you shouldn't invest in ALGW. Not really the 'management style' you'd expect of the CEO/Chairman of a FTSE company but that's the reality. I have learned to live with it as I believe the rewards will make the frustration of his 'style' seem very petty in the end.
RE: Riches being moved from the impatient to the patient.15 Jun 2021 10:17
For those of you who are interested the reason that Northstar was considering winding up was because the Owner/Chairman of the holding company had to exit due to taking up a post with Blackstone who didn't allow him to have a possible conflict of interests.
Riches being moved from the impatient to the patient.15 Jun 2021 09:27
Some 2 million shares have been sold so far today by impatient (or under researched) investors in ALGW to those of us who are patient investors, who understand that GS's timelines are nothing more than his most optimistic hope and have fully researched and understood the Company's potential. Nothing has changed. The RNS regarding the Counterparty's direct investment which will be published when it's done and not to suit anyone's timetable. If you haven't figured out that selling ALGW shares when there's nothing going on will just get you a really bad price then you really shouldn't be 'investing' in the Stock market.
Been away visiting my children / grandchildren. Still own 12 million ALGW shares. Can't be arsed to get involved in the discussions that have been going on lately. The Counterparty will make their mind up at some point and all will be revealed in an RNS. GS needs to stop giving timelines that he has no control over but LTH will know it's par for the course and just wait patiently. I will suggest to him that the phrase "in due course" should become his standard wording in RNSs :)
You can't guarantee anything. You've been an LSE member for 4 months, supposedly in ALGW for 8 months and seem to know f all about the stock. If you really have shares in ALGW, which I doubt as you come across as a paid deramper (no one without a purpose posts so negatively about a stock), then sell and move on.
Those delayed trades obviously took one or two of the MMs by surprise as at about 10:30am the bid @ 6.50 was for no more than 10k shares, any more and it dropped to 6.32. It has now settled @ 6.5100 and the offer is @ 6.6250. It's possible that the 'mystery buyer' is using just one MM and they are not telling the others :)
Much as I would also like to know the identity of the Counterparty if they take up the Life settlement policies there is no reason for their identity to be disclosed. I have emailed GS a couple of time in the last month pointing out that ALGWs web site is woefully out of date, the Trading Update from 9th April is still not showing, and asking if he has any idea when the Counterparty will make up their minds but have received no reply. Have you tried contacting GS recently and, if so, did you get a reply?
RE: Another Thursday, another surge?21 May 2021 07:54
You could be right raaydaar. However Pello have clients who hold ALGW stock so I imagine there are ways for them to 'borrow' (with their clients permission obviously) shares, sell them and replace them with the warrant/shares when these are 'admitted'. Do you have any idea why is there still someone 'disgruntled' with ALGW? Personally I couldn't be happier with my investment.
RE: Another Thursday, another surge?20 May 2021 15:19
Looks as though Pello are selling their converted warrants atm. 1.25 million of the 3.57 million shares exercised at 1.4p so far, selling at about 7.1p. Potentially just over £200k for arranging the placing back in August last. MMs seem happy to take them so maybe there is a buyer who has let Pello know he/she will take them.