Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I really wonder about a lot of people posting here and on ADVFN. BEFORE investing in a Company you MUST do your research or you will have no idea what you are investing in. Go to the top of this page, ALGW live RNS's, go to the very beginning and READ EVERYTHING. The answers are all there.
Do none of you actually read what the Company releases?
Go to the Company web site, Investor relations, Alpha Growth Prospectus - 3rd September.
READ THE BOLD TYPE JUST ABOVE THE WORD "PELLO", it says:
Issue of 35,714,286 Placing Shares AND UP TO 35,819,047 SUBSCRIPTION SHARES THROUGH THE SUBSCRIPTION
So the 'news' that there may be more shares issued in 2021 is 4 months old.
FYI I have already emailed GS and spoken to Pello and registered my interest in taking part if/when they decide ALGW needs to raise more cash.
While I hope that we will see this tomorrow, ALGW's accounts are hardly difficult to put together, do not be too surprised if we don't.
Abbreviated from Companies House:
Due to the pandemic: Public limited companies (PLCs)* Filing deadline extended from 6 to 9 months
Make sure you always ask for a dummy buy as well 'cos the MMs see the 'potential' sell and keep the ask down because of it.
Maestros: The Bid/Ask numbers you see above are only a very rough guide and 30 minutes out of date.
For example @16:05 I was quoted the following:
for 50k shares: 3.025 - 3.19
for 100k shares (the market size): 3.025 - Unable to quote!!! - This should tell you something :)
for 250k shares: 3.01 - 3.59
for 500k shares: 2.85 - 3.59
What the above should tell you is that the MMs would like you to sell them your shares.
DON'T :)
Managing and massaging the SP is what MMs are supposed to do, it's their job :) Thin trading (only 12 million shares) which is fairly evenly balanced between buyers and sellers (6.8m vs 5.1m) just makes it an easy day for them. The MM that sold those 2m shares at 3.40p at 09:22am had the rest of the day to tempt PIs into selling them 2m shares at 3.00p which they managed with no trouble. £8k profit for a day's work - nice and especially easy when the rules allow them not to mention that someone bought nearly 1% of the company for 7 hours of trading.
This is a good read:
https://www.forbes.com/sites/forbesfinancecouncil/2020/05/07/why-life-settlements-are-becoming-a-mainstream-financial-option/?sh=620916ef47fd
The US Life Insurance market is absolutely massive at $19Trillion with $57Billion policies lapsing each year. Of these, less than $3Billion of policies are settled each year, leaving the remaining $54Billion that lapse, there to be bought. The market will grow over the next 10 years as the number of seniors (Age 65+) is projected to continue rising from the 42 million in 2012 to an estimated 70 million in 2030. So, both the supply of qualified policies, as well as demand for life settlements will continue to grow.
The Deal, a business intelligence and news service wrote in their publication in June 2019, The Life Settlement Report, that the life settlement industry saw substantial growth 2018. Their research showed a 28% increase in policies sold, to 2,587 last year, from 2,027, and an even larger 35% increase in volume by face amount. Face amount increased by about $1 billion, to $3.8 billion.
Those retiring now, and over the next 10 years, are used to using the internet which is ideal for targeted marketing which will build awareness that Life Settlement is a great option, far better than surrender or lapsing. Indeed Legislation is already present in 6 states in the US to ensure life policy holders are made aware of the settlement option.
Alpha, with SLIM and Colva, have in-house actuarial expertise specific to life policies - a quality not found in the usual settlement businesses. Alpha has one of the top Life Settlements market makers, Danny Swick, with $8Billion of trading experience, Jason Sutherland is linked with Blackstone Tactical Opportunities Group and has negotiated and structured multiple warehouse facilities between $30mn and $600mn and Austin King has his extensive connections for the sales.
The Black Oak Fund and it’s hybrids are an ‘uncorrelated’ asset class which is not affected by the usual financial markets. This is known to be of particular interest to UHNW Investors and Institutional Investors alike especially after the recent upheaval in the stock, commodity, and other financial markets. Additionally Alpha has structured a tax-efficient system which is especially attractive to these classes of investor and KPMG has validated a 16.2% annualised return.
I see no reason why DS shouldn’t achieve his target of $100mn (£80mn) by end 2021, this will produce an annual income of £600k for ALGW which, as GS said, will mean the company will break even. If the BOAGF reaches £250mn by end 2022 that’s an annual income of over £1.8mn for ALGW. On the Hybrid side of the business, each Separate Managed Account that is signed up could well produce an additional annual income of £240k.
I try not to get carried away with the potential of ALGW but 20p/share by the end of 2021 is well within reach. I’ve said it before but DYOR.
Type "Life settlement market report" into Google and read to your hearts content.
While Conning produced their 14th annual report in October last year it's a bit pricey at $1750 so maybe give that a miss and just go with the headline "Stronger Life Settlement Growth Forecast Over Next Decade".
Financier Worldwide did a good interview with Corwin Zass at Actuarial Risk Management, Ltd back in January 2020.
The FINRA "Seniors beware" alert gives a pretty good explanation of "Life Settlement".
One would hope that you do/did this research before investing in ALGW.
Wasn't me, I have already broken all my own rules regarding maximum percentage of my portfolio in any 1 share so I'll not be buying more :)
< tier 3 :(
What I meant was that the 100 million that GS/Ds have said would be their time to exit is in $ :)
Mozax: GS and DS talk in $.
If by price you mean the sp then take the 100 million and divide by the number of shares in issue.
Your buy is showing as a sell :p
No :)
It's way more complicated for the Insurance Companies than just increasing their surrender values. The Status Quo suits them just fine as enough people just let their policies lapse so the Insurer pockets the past premiums and has no further pay-out risk. Then there are the people who accept the Insurers current level of surrender value, again plenty of people don't shop around. Then there is the inertia of these massive organisations, this is probably the main reason that things are unlikely to change any time soon.
He can't disclose added AUM in an interview, that needs an RNS, but he did say that there were deals in the pipeline.
From the RNS: Alpha's ordinary shares of £0.001 each ("Ordinary Shares") will commence trading today on the OTCQB Market under the ticker symbol "ALPGF".
14.30 is the official opening of the OTCQB.