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I agree. The Nightcap brand of bars target a younger crowd the majority of which live at home and are not exposed to increased mortgages costs. They still have their disposable income.
It’s a great deal, looking forward to watching the team turn it around. The Dirty Martini location on Covent Garden is one of the best on the square.
Massive! This is another company transforming RNS, doubled AUM again, over a 3rd of the way to the 2B target. The comms have stepped up in line with where Alpha is heading. The patience is paying off. The share price should be 4/5x where it is now. When they released the 2B plan, I commented that they wouldn’t announce it if they didn’t feel it was achievable, they’re proving it is.
I've been in Alpha for a couple of years, this is by far the best update we 've had. Its full of information and positivity.
Think about it... you don't announce a target that you don't truly believe you can hit - they'll hit the 2 billion.
Investors have been fairly raising issues with the lack of communication. The below statement(pillar) is the start of change.
"Engage our shareholders: We have an engaged and active shareholder base. We want to build upon this by ensuring we provide a platform to give you a voice and to have your questions answered."
Thanks gregpeck7
I just stumbled across this article by Mark Ward on LinkedIn. Its really interesting to know how much has been going on in the background, it feels like the beginning of a new chapter.
https://www.linkedin.com/feed/update/urn:li:activity:6879759329331884032/
I've had this on my watch list for a few months now, the technology and leadership style sits nicely with me. It also seems to have found strong support at this level, it could be time to jump in.
I've just realised a little bit of cash to buy some more here, just waiting for sub 0.4 again. This has got a long runway ahead of it.
Fantastic race, Hamiltons experience won it in the end.
Another vote of confidence from Mr Ward. I'm going to buy a few more on the back of this signal.
https://www.londonstockexchange.com/news-article/IDP/director-pdmr-shareholding/15125847
LSE having issues reporting RNS's! Look at this one for a vote of confidence, Mark Ward has increased his holding again.
I’m going to take this as a sign they’ve eventually managed to undo most of Joe’s dodgy business mistakes and can bring the company into the 21st century.
Absolutely crazy that previous management didn’t have a strategy around Influencers, they must have been the only beauty company that didn’t see value in it - maybe they were just too old to understand that’s how the z generation is influenced to buy now, they seemed content to continue using Facebook which seems mostly to be full of mums and dads - how was that sustainable? Let’s advertise to people who no longer go out clubbing... weird...
Also means they should start using better looking/none scary models, the ones they have previously used were a joke. Would have put me off buying the product.
The Amazon move is well overdue - again crazy that they weren’t on the worlds largest e-commerce platform...
Glad something is being done with life sciences is eventually - signals moving away from an era where Joe would buy a company or product range and then do nothing with it. That guy wasted so much money it’s criminal - our money!
At least we seem to now have a management team who are willing to make changes - I expect the next few updates to will be quite positive - it will be interesting to see how much revenue is gained from these new approaches.
I was very close to selling out however going to buy more. Gla
Great update, significant increase in AUM.
This is a really interesting statement, especially "significant asset managers" - "The Company views its exercise with the UK asset manager as time well invested in developing its separate managed account strategy, this has increased the interest and exposure from other significant asset managers that we are now working with to offer a similar strategy to investors for similar asset purchase opportunities and/or credit facilities."
Eaton Partners could be rocket fuel. Well done GS for getting them involved.
RNS Dec 2nd 2019 - "After many months of engagement, the Company is now in the final stages of securing a revolving credit facility up to a $100,000,000 with a leading UK asset manager. The discussions have progressed well whereby the Company and Asset Manager have now agreed life settlement valuation methodologies and acquisition strategies."
Wow! Is it just me, or are Gobind and Alpha on fire just now.
I have been in Alpha for ages and was starting to lose faith however they seemed to have turned a corner over the last 6 months, especially so this year. The messaging coming seems more upbeat, clear and confident - do we think the new marketing guy has been involved already and is starting to finesse how they present themselves? If he is then it is a good sign. Looking on LinkedIn he looks like he is the right type of person they need and also very well connected.
My takeaways were..
The BOAGF is continuing to attract investors. It increased AUM by $5m in one quarter, considering they increased AUM by $10m in 2020 that seems a decent result; even if they keep that pace it means they will double again by the end of the year. When you start compounding that growth rate it adds up very quickly.
They talk about a pipeline of acquisitions and showing similar gains over this year – I’m assuming this means they have 1 or 2 targets that will add at least $300m AUM? Going from $10m to $700m – I have not heard of anyone doing that before.. Does everyone else read that the same way or have I misunderstood?
Giles – You mentioned before about additional acquisitions – does that fit with your updates with Gobind?
I did not fully understand the prospectus paragraph however did not sound like anything worth talking about, maybe this is just for institutions?
Very bullish at the end which is great to see, also good there is detail on the main areas they are focussing on.
I was about to say that I can not wait for the next update however that probably makes me sound sad. I blame lockdown, need to get out more!
Giles – Assume you knew all this anyway, is there any additional colour you can add?