RE: Couple of very basic questions if I may...31 Jul 2024 11:25
Someone added a decent 400K at 1.985p whilst this is quietly off the radar.
Good post Steve, Steadily increasing Revenues and No Debt seems to be overlooked by the market.
On $2BN AUM we should be looking at around £50M in recurring annual Revenues. Plop a P/E ratio on that for a Valuation.
The market is waiting for the next acquisition and to identify the cost, but we’re starting from an unusually low position imo, and that’s partly a function across the entire Micro-cap market.
In a much higher interest environment Money is expensive to borrow and Micro-caps need access to Capital.
However, Alpha Growth is unusual, it has plenty of cash, no debt, growing revenues and as stated in the most recent financial statement, unlikely to need to raise further equity Capital.