Member Info for gilesfitzh

I can't remember if I shared this that I received in an email last Friday referring to the promised RNS.
"We are just trying to figure out how to share sensitive information."
I'll just leave that there for you to think about :)

Back in November 2018 when I first bought a few ALGW shares it was purely because I thought the JV with SLIM sounded interesting.
Later, was it really only a year ago, when the BOAGF was launched things became much more interesting. I ran some figures for myself and realised that as long as costs were kept low the potential earnings from BOAGF were phenomenal.
Problem was how was it going to be financed? I’m sure we all remember the RNS of 2nd December 2019. With finance (which was due to be signed off end March but will now be done as soon as travel restrictions are lifted, first half May?) sorted then realistically how big could BOAGF be? It’s a retail fund so $500 million AUM is probably the limit but this could earn ALGW about £4 million per year which is 2p per share on it’s own. With a conservative P/E of 10 that would make the sp 20p.
But then some of the interested parties apparently started asking if their investment could be tweaked this way and that and the Hybrid idea was born.
The Hybrid scheme is an individually tailored mix of customised debt and equity balance which, unlike BOAGF, is suitable for Institutional investors and High Net Worth Individuals, and, because of this, these could become REALLY BIG.
The Hybrid is tax efficient in the same way as BOAGF which, of course, is very important to IIs and HNWIs.
Even if ALGW’s clients only put 1% of the market into this scheme it is many $BILLIONS and although ALGW won’t be earning 0.75% on AUM plus the performance fee as they do for BOAGF, even 0.1% on many $billions is a lot ?
Basically the BOAGF pays well but is limited in size whereas the Hybrid is potentially vast with a smaller fee.

@GrahamHoliday:
The RCF is, IMO, now a minor part of the ALGW story.
Having said that, Gobind is telling me, and I believe many others, that the RCF is there, just waiting for travel restrictions to be lifted, to be signed off. Trump seems keen to do this asap and I hear that UK restrictions will start to be lifted, maybe only for certain types of workers and in certain areas, as early as 1st May. Heathrow is still operating.

He is also being coy about buying shares and actually stating that the Directors are in a closed period because, as he told me, “that is also market sensitive”. As I understand it the only reason to be in a closed period now is that they are in possession of market sensitive information that has not been made public. GS has also said that the lender is insisting on being in control of the news flow regarding the RCF. I’m sure you can put two and two together just as well as I can.

Frantic buying is never a good idea but, regardless of what Monday’s RNS brings, the fabulous potential of ALGW remains. These are some of the main points:

A brand new investment instrument based on the massive US Life Settlement market.
Proven uncorrelated returns of 16% in a beneficial tax environment.
Each client able to tailor the Hybrid scheme to their specifications.
Probable JV, linked to the Hybrid, with one of the top London based Asset Managers.

Assuming Ophidian's numbers are correct and 7.5 million shares short between the 4/5 MMs. Do they get a slapped wrist if they finish Friday with a long/short position and get caught out on Monday? I don't suppose it'll take long for them to claw back any losses when the sp does take off. Trading will soar, remember 68 million shares traded on 2nd December? Even at just 0.1p spread that comes to a fair wedge.

@ 09.37 1.6000 / 1.6890

To clarify: GS actually said Friday, possibly Monday for the RNS. My Tuesday's post said "within a week".

Only buys reported since 09.25, one of which was for 500k shares.

679k shares bought in the first 6 minutes of trading :)

Me too, CG loss on my standard account, shares at 1p in my ISA, what's not to like? :)

Quote is now 1.2550 - 1.3500. It's "movin' on up" :)

1.25 for 100k shares.

Do you realise the potential of the Hybrid scheme? This is a brand new product to the market, which can be tailored to the exact requirements of each individual Institutional Investor, capable of producing UNCORRELATED returns of 16% in an excellent tax shelter environment. This is where any Joint Venture will be made.

This is probably going to be the most profitable income stream for ALGW as it will allow the Institutional Investors to decide on the exact makeup and level of control of both the underlying Life Policies and the Bonds issued against those assets that they desire. ALGW is the only company offering this product and with the recent upheaval in ALL the usual financial markets this is going to be of huge interest to all investors looking for a safe haven for their money that offers market beating returns.

Then there is ‘the bread and butter’ income stream, the RCF/warehousing facility which, by itself is very exciting, and rightly so, as it effectively provides bridging finance for BOAGF to bundle Life Policies into BOAGF followed by the corresponding sale of Bonds to High Net Worth Families and Institutional Investors. This will provide ALGW with 0.75% fees on AUM plus a 10% performance bonus on returns over 7%. GS calculates that with $100 million of AUM, ALGW will break-even and he expects this by the end of this calendar year. DS considers that an additional $200-250 million AUM should be achievable each year.

The trades list on LSE is rubbish.
12:34:14 21-Apr-2020 1.29 GBX 50,000 647.00 Off-book XLON
12:34:03 21-Apr-2020 1.25 GBX 64,264 803.94 Off-book XLON
12:33:10 21-Apr-2020 1.29 GBX 153,500 1,980.15 Off-book XLON
12:32:43 21-Apr-2020 1.29 GBX 90,000 1,161.00 Off-book XLON
12:30:25 21-Apr-2020 1.25 GBX 198,027 2,475.34 Off-book XLON
12:30:23 21-Apr-2020 1.22 GBX 367,751 4,471.85 Off-book XLON
12:29:52 21-Apr-2020 1.25 GBX 108,906 1,355.88 Off-book XLON
12:29:41 21-Apr-2020 1.24 GBX 111,100 1,377.64 Off-book XLON
12:29:40 21-Apr-2020 1.22 GBX 6,445 78.37 Off-book XLON
12:27:37 21-Apr-2020 1.25 GBX 158,924 1,986.55 Off-book XLON

@jgj99: No, No more buys from me, I have depleted my cash reserves to the point where I have to hold the rest to cover potential domestic problems such as the car dying, not that I'm driving anywhere except to the supermarket every 2 weeks or so :p

I too have sent numerous emails to GS and yesterday I was finally in contact with him and these are the main points of interest to us all:
RNS within a week.
Web site update this/next week.
JV not denied.
The RCF/warehousing facility is on track but delayed by the Covid-19 restrictions and, perhaps more importantly, by the lenders absolute insistence that they have control of the news/information flow.

GS is confident that, as soon as travel restrictions are lifted here and in the US, that he will be able to bring the warehousing facility and other (unspecified by him) deals to fruition and that DS will likewise be able to close deals providing BOAGF with AUM.
For what it’s worth my opinion is that GS is very frustrated by the situation but finds that there really is nothing he can do about it and we all need to try and relax, try not to worry too much about the drifting sp and have patience during this decidedly weird time that we all find ourselves in.

is 1.1055 - 1.1375

In an earlier reply to an email GS told me that: "The advertising is by the LS middlemen who are actively looking for policies to broker to groups to like us." ALGW won't be mentioned.

For once my timing could not have been better. I converted my pension pot into an annuity on the 18th February this year. That was 3 days before the bottom fell out of the stock market :)

the original reason that we have a game changer on our hands. Leaving aside the 'other' income streams, Hybrid etc. that have been mentioned I should like to remind you of the potential of BOAGF alone and it's scalability. With £600 million of assets under management, which I don't think is beyond DS's ability given a couple of years, and a performance of only 12% ALGW's fees and performance bonus would be £7.5 million. For a company with just 201 million shares that's earnings of nearly 4p/share. What multiple of earnings would the share price of a company in this sector command?

Tell them to make sure the spread is only 0.0025 which is what I got.