Member Info for gilesfitzh

Take a look at the two trades of 700k shares @16.81.
First of all why would you sell today when there is a good chance that Monday will see the overdue RNS which could advise us that the counterparty has invested $100 million into the BOAGF.
Second, if you're going to sell (actually if you're going to buy or sell ALGW) you need to do it a bit at a time. The 'Market Size' for ALGW is 100k shares, any other quantity might not get you the best price. The bid at 16:18 was 7.1560 and this is the price you would have got for 100k shares. By selling 2 x 700k shares the seller got poor prices resulting him/her receiving over £1000 less for the 1.4 million shares that he/she sold.
It's hard enough to make money on the Stock market so there's no point in making it more difficult for yourself.

I can't see any fund managers buying into ALGW as we're much too small. They might invest in BOAGF or G&I but I don't think GS is marketing to fund managers as he is concentrating on Family Offices and Ultra High Net Worth Individuals. Though one of the mega US Asset managers, who employ fund managers and operate many funds, may eventually buy ALGW.

Can you message me please. Search my LSE nickname on FB and you'll find me.
Thanks.

Ignore that last '??'
Seems you can't copy/paste a thumbs up emoji :)

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Presumably you mean 'Is the RCF counterparty's investment' a done deal?
The RCF isn't going to happen any time soon, and it may be 'replaced' by the investment.
I think that the 'counterparty' will invest, it's just a matter of how much.

They use an algorithm which looks at the quoted buy and sell price, which is frequently bears no relationship to the real world, which decides what each trade is simply by whether it is above or below the mid price. If you are close to making a trade it is well worth keeping an eye on the real world bid/offer so that you can make a realistic judgement on trades. Having said that you should not let what other people are doing influence your buying or selling as their circumstances are probably very different to yours.

By 'dummy trades' I mean start the process, get the quote, at which time you should have the confirm option. Obviously don't complete unless you actually want to do the trade.

You should make dummy trade(s) through your online broker to see what the real buy/sell quotes are. Some brokers will require you to have sufficient funds in your account to get a buy quote and, I imagine, all require you to have shares to get a sell quote.

So the first 2 trades are sells.

LSE is being very slow in actually showing posts atm.

10:12:07 7.01p 250k shares IMO a sell
10:03:05 7.10p 250k shares IMO a sell
09:09:30 7.16p 322k shares IMO a sell
09:01:22 7.41p 250k shares IMO a sell
08:54:41 7.55p 214k shares IMO a sell
08:52:38 7.55p 250k shares IMO a sell
08:32:09 7.77p 257k shares IMO a buy
08:27:16 8.00p 336k shares IMO a buy
08:23:16 7.61p 250k shares IMO a buy
08:00:37 7.83p 212k shares IMO a buy

@ 10:12am, both sells IMO

250k shares traded at 7.1p @ 10:03am

More buys than sells and the SP is down 0.5p !!!

Quote @ 09:17 = 7.2400 / 7.3800

If you recall there were 3 x £30k trades the other day, assumed to be someone rolling over a leveraged position. This may be closing out that position.

Consider that, over the last couple of weeks, a daily net buying or selling of less than 1 million shares has moved the SP about 10%. Today a net buying of 700k shares has moved the SP 15%.
IF, and it is still an 'IF', the RCF counterparty invests the full $100 million in BOAGF (or a G&I fund where ALGW get all the fees) we could see a buying frenzy.
Last time there was a really exciting RNS, on 2nd December 2019, 68 million shares were traded. How high would the SP have to go to tempt holders to part with 25-30 million shares?

@Iain2351: See my post of 20th April @ 16:00 for where I think we'll be short term (up to 18 months).
raadaar's guestimates on the SP are in the same ball park but I don't think ALGW will get to $1 billion AUM, I'm much more conservative thinking $250 million could be added to AUM this year.
At the moment the Group is roughly at break-even. An additional $250 million of AUM should generate a net profit of £2.25 million which, using the current shares plus warrants would give an EPS of 0.36p. Using a P/E of 25 this would translate to an SP of 9p. Of course EPS and P/E etc. are for established Companies whereas ALGW is still full of potential so maybe an SP of 20p could be achievable in the next year / 18 months.
20p would result in a Market Cap of £120 million or so at which point ALGW becomes a 'target of interest' to the big US asset management organisations and we can expect a buy out to follow.
So somewhere between my 20p and raadaar's 32p in a couple of years time :)

"If I were to take the advice of some experienced investors"
Don't.
Watch some Warren Buffett YouTube videos and listen to what he says about all the 'gurus' - charlatans the lots of them, he also thinks diversification is for idiots.
Basically only you know what your circumstances are and what your hopes and aspirations are. The only thing that matters is RESEARCH. Do it, do it properly and exhaustively. Only invest in something you understand and have belief in.

@bots: LOL, 45% of the shares in issue are held by about a dozen people. You'd need to see 10s of millions of shares trading each day to come to that conclusion.