Member Info for gilesfitzh

Flippin' ek :) @ 14.41: 6.2300 / 6.2899

@ 14.10: 6.0300 / 6.1899

As @ 10.16: 5.9250 / 5.9799

Every single ad for CFD providers, that I see on Bloomberg, states in the 'small print' that 75+% of people lose money trading CFD's. That should tell you something :)

@Raaydaar: I didn't think anyone was offering CFD's on ALGW. The leverage you can get on CFD's make them way too risky for me.

@COYS1882: Too much for an ISA subscription.

What do you guys mean by a rollover? I wasn't aware that anyone offered long/short positions on ALGW. If someone sold their shares at 5.55 and straightaway bought again at 5.60 it 'cost' £750. Why would you do that?

Anyone else think this is probably Pello selling their freebies?

@SecretBlueprint: welcome back m8 :)

@Raaydaar:
While it would be more profitable for ALGW if the RCF counterparty were to invest in an SMA/SPV they were, of course, doing all the due diligence etc. on the BOAGF and I don't know if SLIM were involved in the negotiations. As GS didn't specify exactly how the potential investment would be made I guess we'll find out when the announcement is made :)

Yes, I said "However each of these 3 things:"

:)

Fair value for the Company as it is today? Who knows but the ALGW group is not yet making a profit so it's all about the potential. However each of these 3 things:
1/. The RCF being signed off.
2/. The BOAGF getting to $100 million.
3/. The first $50 million investment in the G&I fund.
would, IMO, be worth 5p.
Now we know that the RCF counterparty is assessing 100 life policies (probably worth $100 million) so while the RCF isn't likely to be signed off any time soon the BOAGF could get to $100 million any day now.
In 5 years? Frankly ALGW will have been bought by one of the massive US asset managers long before that, maybe at 20p in a year/18 months.

If you bought ALGW shares today I would be interested to know why you left it until today rather than buying during the last few days.

Look above, Bid 4.70, Ask 4.90, all good so far. Then what's the sp/mid price? 4.58????? This then produces a 'change' of -0.22 (-4.58%).
How hard is it to program the fields correctly?

11th Feb: Acquisition announced, 14.8 million shares traded, SP moved from 2.32 to 2.80
5th March: AGM report, which said nothing, 1.8 million shares traded, SP drifted from 2.50 to 2.40.
8th March: £3,750,000 worth of new shares sold to investors at 2p with attached warrants at 3p valid for 2 years, 1 million shares traded, SP moves from 2.40 to 2.51 which is remarkable as you would normally see the SP move to more or less match the placing price.
16th March: TR-1s submitted following issue of new shares, 8 million shares traded, SP unchanged. People don’t seem to understand what the acquisition means.
17th March: People realise that Mark Ward invested a further £1 million pounds in ALGW, 8.5 million shares traded, SP moves from 2.50 to 3.25.
23rd March: Announcement of acquisition of Northstar, 12.6 million shares traded, SP moved from 3.30 to 3.65.
Friday 9th April: Trading update, 15.8 million shares traded, SP moves from 3.65 to 4.49.
Monday 12th April: More people twig that ALGW is going places, 10 million shares traded, SP moves from 4.49 to 5.00.
Tuesday 13th April: Slower people finally get it, 5.8 million shares traded, SP moves from 5.00 to 5.15.
Wed, Thurs, Fri 16th April: So, buyers have bought, sellers have sold, traders have done what they do, a measly 6 million shares traded over the last 3 days, SP drifted from 5.15 to 4.65.

My analysis: GS has delivered a stunning coup in buying Northstar, putting the ALGW group on a break-even footing and putting ALGW in front of an established group of asset investors. The RCF counterparty is in the process of reviewing a block of 100 life settlement policies which were sourced by ALGW and will be managed by ALGW. This will be absolutely transformative for the company.
People, not invited to participate in the share placing, who think the above is good have bought shares, those who are happy with a 100+% profit have sold. Total shares traded over the 2 months is about 167 million, which is an average of less than 4 million per trading day. The SP has moved from 2.32 to 4.65.
The MM’s have no idea where the SP might go so are cautious and the SP can move on very little buying or selling. The share needs more liquidity which should come as more people become aware of ALGW, in particular US citizens.

Online quote: 5.1220 / 5.1744

Any trade since about 09.20 above 5.25p is a buy. The LSE and ADVFN algos are completely thrown when the 'official' bid/ask doesn't reflect reality. The real buy/sell volumes are nearer 2 million bought and 0.5 million sold.

https://www.youtube.com/watch?v=B78zLVlY9hE

Yes, new highs two days in a row.