Member Info for IvorHunch

I suggested a while back that the sp would probably range between 5 and 6p for a period until some more concrete news is forthcoming. I don't think the figures for 2020 will produce fireworks, in fact the board has suggested as much. What will be interesting is news about new contracts and orders.
The sp fell from 8p when the speculative day traders etc bailed out when ITX was no longer a hot ticket, but the basics are there and the potential remains enormous.

Congratulations Giles - but sadly no anniversary celebrations in the Caribbean !
We had our jabs 2 days ago. We both felt extremely tired the following day with a headache, but fully recovered today.

I think the most reassuring aspect of the RNS is that finally something is happening. I have also been in ALGW for some years and have built a reasonable stake, but my patience has been sorely tried by the lack of news and poor communications. Finally it looks as if the share has come to life and that my patience will be rewarded.

Very encouraging to see a strong closing price of 10p, up some 12% on the day. It's a very exciting share because it is virtually impossible to estimate it's true worth. It is obviously worth much more than its present MCAP, but how much more? I had looked at and rejected Tern years ago when it was a speculative stock, and only returned recently, buying a stake at just under 8p. I like the new Tern much more than the old one - it is a serious player in various fields of IOT etc and seems to have made a number of good investments. So I'm happy to be in for the ride.

MCAP @ 0.5p = £167 million
MCAP @ 5p = £1,670 million
MCAP @ 50p= £16700 million or £16.7 billion
Something doesn't add up IMHO

A somewhat naive comment. The issue is not about stocks rising and falling - I've been investing since 1970's so I've seen all that - it's about the lack of PR and therefore visibility in ALGW. The company needs to send out a clear message about what it does, how it hopes to achieve it, how AUM is growing, what its projections are going forward. To do this it needs an effective PR agency and some clearly written RNS's - is that asking too much?

I must say that I cannot get very excited by today's price rise. I've been holding for some time and have seen countless rises followed by falls, and we are pretty far down at the moment. I believe in the company and its potential, but the PR and communications are dreadful. We were told about a massive loan which was going to be forthcoming over a year ago, but then told that it was held up by Covid which was blatant nonsense. I'm involved in property and loans are hardly ever done or even signed face-to-face these days. The company is incapable of producing coherent RNS statements and the management seem to think that there is no need to advertise the company. I know that the management has experience in its area of expertise, but none in PR, shareholder communication nor in company promotion.
Maybe Giles, our resident poster who has a notifiable stake in ALGW, should use his influence to get the company to take on a good PR company to help them get things moving.

Another long wait for anything to happen. A share to test the patience of a saint.

I reckon we are going to remain within a 5-6p band for some time to come. The shares were pushed by speculative buying to 8p but those punters have cleared off. We should remember that after the last market update in the autumn ITX shares fell because everyone was getting too optimistic. We need patience because it takes time to turn a struggling business round. When the year end figures come out they will look respectable but they will not cause a massive revaluation. What we know is that the products are being taken up by more and more companies, that the factory is running a night shift which is significant, that they focussing on wider sales having appointed a new sales director. In the long term, say 2-3 years, this will fly, but as always with turnaround situations we are going to need patience. Will we get back to 8p by the year end? Maybe, but not certain. An announcement of a deal with a major like Unilever would certainly do the trick!

There seem to have been a couple of largish trades this morning - two sales of over 500,000, but on the whole the trades have been pretty small. I cannot see any signs of any big buys this afternoon. It would be good if we did have some institutional interest, but none as yet.

My reading is that the company wanted to dampen down the speculation and rather frothy share price with a fairly bland statement that the results are sound and slightly above market forecasts. They couldn't issue actual figures, I reckon, because they have not been audited and probably are not even complete. I cannot see any evidence that they are lining up an agreed bid. If they wanted to do that they would wait until the figures are really spectacular which will be a year or two off, in my view.

Dickie, You suggest that the sp could be .85p on return. That is up 60% on suspension. Suspension MCAP was £160 million . If you are right the MCAP on return would be £250 million. This defies all logic. I'm not a holder but have looked at SYME a couple of times, but have always been put off by its absurd MCAP

I hope your 'tech buddy' is right - we could all do with a tech buddy like him (if he's right!)

I would never give advice on specific shares, but I can maybe suggest what you need to consider. I look very carefully at the market cap of any company. Some companies are valued at hundreds of million while others languish at under £20 million or less. This is not always justified by sales or future potential. The stock market is a very irrational machine not necessarily based on actual figures. I first noticed ITX because I was interested in the concept of eliminating phosphates from household and industrial products. ITX seemed to be doing that, its sales were increasing fast and its market cap was tiny. So I bought a fairly large holding at an average of 1.7p. It is still very lowly valued at £33 million and is still a micro-cap share. The potential is there especially if detergents are eventually banned. Much will depend on the sales figures for 2020 and news of new contracts. But they seem to be getting their products used by many companies and we should hear of new contracts in the next report due in February. So I'm not top slicing yet.
Good luck!

Good comment Giles. I am often amazed by large rises and falls in small marketcap shares and before either despairing or rejoicing, I always check out the trades involved. Often a 5-10% rise or fall can be triggered by a tiny number of trades of minimal value. So it's all a matter of MMs tempting punters in and out of the shares. After all a steady share price means no profit!

I'm still a bit mystified by the huge number of tiny deals today, some worth less than £2 and less than the dealing costs. I'm sure there is an explanation - can someone clarify please?

Very interesting post on advfn yesterday by '2mex' listing 28 points why he believes that ALGW has a great future - hope he's right.

It's worth remembering that in 2012 when Itaconix was re-listed it issued 25 million shares adding to the existing 28 million shares making a total of 53 million shares at the launch price of 100p so the marketcap was £53,000,000. The company has come a long way since then, and still is only valued at just over £10 million, so there is huge potential here.

I had a run in with TW over Brexit some years back. I found his obsession with Brexit illogical and badly thought through, so I have dismissed him and his views on shares and no longer read what he writes. While it's annoying to have him de-ramping
VDTK it can only do temporary harm to the sp. I suspect that the management ignore him as they would an annoying fly.

Let's just hope that the forthcoming RNS has some really positive info because if it's vague and non-specific the shares will take a tumble. We've already had a couple of spikes followed by quite large falls as a result of a vague RNS. We need some concrete facts and actual proposals to keep the sp moving upwards.