RE: Does Alpha Growth really need the RCF?2 Jul 2020 06:33
Thank you for your input into the discussion SBP.
We are in agreement over the reality situation of the Hybrid as first put out by the company and that it is effectively off the table. The RCF, for me, was primarily to fund that concept of the Hybrid deals but it is back burner now. A smaller loan facility is a possibility because as we know the $inputs in BOAGF are smaller. I do not see the more expensive high value RCF spoken of being necessary, at this time. In any case who is likely to provide it to ALGW at this moment in time?
UHNWIs funding there own " bundle of LS policies" which ALGW having advised on the purchase of, seems a very logical and attractive market to focus on and work with. There $inputs is self determining based on their own wealth to be managed but $inputs are said to be larger than for the BOAGF.
In addition, following on from your thoughts, maybe the "Alpha set up" could become part of a Larger Wealth Manager in a Joint Venture affiliation. The LIfe Settlement Assets become another part of the individuals overall estate, to be managed. It could be that a ready made Market of UHNWIs exists for ALGW to tap into via this Larger Wealth Manager. .....now that is appealing !! The marketing has effectively been done for ALGW..... and after all you say ALGWis a tiddler.
Never the less your interesting thoughts SBP add to the fascination of ALGW and its go forward. We are in agreement also that $AUM in play, on the table need to there for advisory, management and performance fees. At one level you see BOAGF as the main play but I see SMA being that.
I guess we shall see soon with the news to come but carnage with no RCF I do not see if the SMA is to be the way forward or real, not potential, $AUM are tabelled.
GLA
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