RE: That's a BIG ONE16 Sep 2022 00:07
Great day today, what was really good to see was no real appetite for selling despite the best efforts of the MMs messing with the spread. 69k buy came out of the blue, someone with deep pockets obviously likes what they see and put their money in. Reckon the majority of holders are now in for the rerate, the flippers are done and it's just too risky to try and trade it now given the projected newsflow incoming by the end of the month. Acquisition sign off is imminent which virtually doubles AUM, the earnings from the additional AUM should equate to an mcap somewhere in the region of where we are right now, throw into the mix the current AUM and then add a sprinkle of a significant news on the fund side of the business and wash it down with a nice chilled achieving key objectives over the summer and we have the makings of a perfect meal finished off with a dessert of new highs. Grace Dent would no doubt love to eat at the ALGW restaurant, 3 Michelin stars incoming