Member Info for gilesfitzh

@Rambo: TBH ALGW's MCap won't have anything to do with the Company's earnings. At this comparatively early stage in the Company's growth/development it's all about what value punters put on the Company's prospects/future earnings. Once the business model is proven the sp will race far ahead of any calculation based on P/E ratio.

Raaydaar: I've been called much worse :)

@Raadaar: GS, DS et al are Americans. There is no currency except the mighty $Dollar$ :)

If you go back to the beginning Danny Swick said he was looking to make ALGW a $100 million MCap company which I took to be their exit strategy and hoped for valuation. That's £80 million which equates to 39p/share. You'd have to be prepared to wait until the company is bought out though and how many of you would be able to resist selling well before that.

Sorry for the typo in your name Bobby, I've only just noticed it. I have to admit that it made me laugh though, sorry :)

@BoobyAxelrod: Yes and I've seen copies of similar sent to several others.

You're only as old as the Woman you feel IMO :p

TBH it's the selling that I don't understand. I know it is taking ages for ALGW get things nailed down but, if you're old like me, it's bl00dy scary out there and I'm not surprised that none of the principles, who are no spring chickens, don't want to travel/sit round board room tables atm. It has been widely touted that there will be news around the end of the month and GS has repeatedly said that there are changes going on so there is all to play for.

Agreed. On the other hand it is an LRDS trade so may have been accumulated slowly over some time.

@BobbyAxelrod: Likewise, the world would be a boring place if everyone had the same opinion :)

@BobbyAxlerod. I disagree with your second point. There is enough uncertainty surrounding the pandemic that no one really knows how things will pan out. When the Directors bought £10k of shares they are showing support but don't know any more than you or I do as to how the pandemic is going to affect ALGW this year / in the future. However if they were to buy £250ks worth then you'd have to conclude that they know that the pandemic is not going to have any impact and therefore they would be Insider Trading. It, like life, is not as simple as binary.

I have noticed that I hit the '0' once too often in my last post. It should read 9/100ths of a penny.

By which I mean your's was not a dumb question. It's only dumb when you don't ask. Whilst on the subject of, shall we say, "less than optimum behaviour" the market trade size of ALGW is 100,000 shares. If you trade anything other than the market size the MM's are not obliged to give you their bid or offer quote. There was a trade of 200,771 shares just after 2pm. Do you see what the MM's did to that person who wanted to sell? They clipped him for 9/1000ths of a penny. Not a lot you might say but if I opened your wallet and helped myself to £180 you'd not be pleased. Always get a quote for the market size first then ask for your required size and check if it's going to cost you. In thin trade, such as ALGW is in atm this is especially true, when things are busy, busy, you can get away with trading multiples. Here endeth lesson 101 :)

It not only makes sense it's what GS told me when I asked him :)

It was because the London stock exchange is an order of magnitude smaller than that in the US. A company as small as ALGW wouldn't get on anyone's radar in the US but the IPO here was fine.

Not so, 2 small ones at the start.

Haha, tell us Greenspan what names have you previously used on LSE? This account is less than 7 weeks old but has made a total of 493 posts, 297 in the last 30 days, 90%+ negative over at least 13 companies. Classic paid deramper profile. Could you be more obvious?

I agree cminhinnett, LSE's algo is doing OK today except for the 1,000,000 buy at 12:17:54 which they have as a sell. Their algo doesn't appear to have picked up that it was a LRGS (delayed) notification.

“The stock market is a device to transfer money from the impatient to the patient.” seems particularly apt this week :)

Mark Ward crossed the 3% threshold on 5th May, the 4% threshold on 20th May and the 5% threshold on 27th May. To buy a further £60-70,000 worth of ALGW shares at a time when frankly the Company is in Limbo until GS gets the finance deal done makes no sense UNLESS he knows something. Has someone connected to the lender given him the nod? After all it wouldn’t be the first time such a thing happened.
Mr Alder crossed the 3% threshold on 3rd June. I think he is a long term holder who has probably been steadily accumulating and has now reached over 3% of the issued shares which shows confidence.
Then there were the two LRGS trades on Tuesday. The shares sold on Tuesday amounted to 5,619,083 (nearly 2.75% of the company’s shares) as against a paltry 720,640 bought. These 5.6 mn shares were very likely bought when the sp was around the 1.2p level so a decent trader’s profit was made. The remarkable thing about this is that the sp didn’t plummet back to 1p. I can only conclude that the MMs decided that they needed to square their position. Have they also been tipped off?
Anyone else have any ideas?