Member Info for raaydaar

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

Someone keen to load up before news.

2.6p taken out

MM games, order filling perhaps?

Let the traders trade that's how they make their beer money. Personally wouldnt try trading this right now as we are on the cusp af what I think will be a major rerate, anyone trading now could easily get caught out when the first of at least 2 good RNS drop. Would also only take a big buyer to come in and hover up all the cheap stock and we're up 50% back over 3p again

Completely amateur way those shares were dumped today, someone must have been desperate for the cash. Thankfully they were taken by willing buyers. Share22k is right though had it not been for the dump the SP would have been north of 3p. One consolation is that they cant sell them again. Hopefully the buying appetite we have seen over the last couple of sessions continues tomorrow and if we are lucky GS will release the first of the news he alluded to last week in the morning. Good things are coming, we all know that, just how good we can only speculate but I'm confident and look forward to the month ahead

Found a link for you

https://simplywall.st/stocks/gb/diversified-financials/lse-algw/alpha-growth-shares/management

Theres currently only 2 major shareholders, Mark Ward and Roy Rawlins, there are a few people holding just under the 3% notifiable threshold. By my back of an envelope calculation, close to 50% is held by a small number of people who are long term investors and another decent chunk held by other long term investors, hence why it moves quickly on volume as theres not a great deal available at any one time

Who knows but whatever it is it sounds promising, clearly entering a news rich period with a couple of significant announcements to be made in the short term. Very exciting time to be an ALGW shareholder, could we see new highs over the next few weeks?

Not much left at 2 5p then it's a swift move up to 3p. MMs not expecting the interest we have and been caught napping.
200 code for the believers - I need shares badly but dont take the price down.
Published spread is way off the mark too real spread is 2.4 / 2.5

Yesterdays rns has all the information anyone needs to see that theres plenty of news in the pipeline short term grab what you can at these levels and hold into them. Theres always going to be sellers at every level but if you look at the bigger picture then it's obvious that selling now is crazy

MMs dont have much stock, last hour could be interesting

My thoughts on the RNS:
1. DS leaving not a surprise, I had questioned his role in the business when it was announced that the RCF wasn't going ahead.

2. Chad brings a lot to the table in terms of contacts, experience and I'm impressed with the number and size of deals he has done.

3. The use of the word "supercharge" I interpret that to mean that they expect rapid progress and Chad to hit the ground running

4. "It's been a very busy summer period for Alpha Growth and we have continued to successfully execute a number of key initiatives to support our overall business strategy" That statement speaks for itself and I look forward to reading about what they've been doing.

5. Acquisition on target for completion be end of the Months - not long to wait now, could happen anytime

Really pleased with what's happening and more confident than ever with my investment here

I'm not going to do your research for you Daisy! Perhaps if you did some you might be able to post some facts rather than vague statements to cause confusion and doubt. I said the other day I'm happy to debate any facts that you can come up with but generic negative statements aren't worthy of my valuable time.

Daisy is was definitely the company, I'm looking at page 7 of a document published by the company and it clearly states:
"Current valuations of similar asset management companies (none have the regulated license that we do in order to provide insurance based wealth management solutions) have an average 29x PE Ratio."
Once again you post without having the facts to hand.

Once the acquisition completes there will be $750 million AUM, earnings from that I reckon conservatively will be around 0.5% so $3.75 million or around $3 million after tax. Company have already stated that a typical PE for the sector is 29, that equates to a mcap of $87 million or around £75 million. What's the current mcap?

Guilty as charged for my positivity. I'm invested here for the long term, the big payout when we get sold, when will that be? I spoke with GS a few months ago and mentioned that I will be retiring in 4 years and was looking forward to living off of the dividend payments from ALGW. He said we would be sold long before then. Martini Girl is right that the fund information and performance is readily available and the performance has indeed been much much better than the S&P 500. I think this will prove to be a very attractive investment for family funds and HNWI who will be looking to protect and increase their wealth. In these uncertain times an investment opportunity with a "degree" of certainty is something these people will be looking for.
I'm more than happy to debate any negatives or uncertainties anyone has about the company. Banal trivial negative statements excluded

Nobody sold £50k of shares yesterday.

Thanks Acker, but where has this change to a drawdown been explained? Surely the company should make some sort of announcement now that they're not getting the "lump sum" as per the original RNS.

Can someone help me out here as I'm a little confused. According to the 24th June RNS, PREM received $3,450,000 as an initial payment for the total agreed amount of $34,644385
"Suzhou TA&A have agreed to provide a pre-funding amount US$34,644,385 ("Pre-Payment Amount") to enable the construction and commissioning of a large-scale pilot plant at the Zulu Project. Upon the signing of the Agreement, US$3,450,000 has been made immediately to Premier to commission the securing of the pilot plant. The remaining balance of the Pre-Payment Amount will be paid in one lump sum following completion of the transaction documents."
The key statement from that RNS as I see it is the final sentence
"The remaining balance of the Pre-Payment Amount will be paid in ONE LUMP SUM following completion of the transaction documents"
3rd August RNS states that :
"as set out in the announcement dated 24 June 2022 and is in receipt of approximately US$18.1 million of the pre-payment required to have been paid to date."
Correct me if I'm being stupid but surely the 3rd August RNS should have notified a payment of the outstanding $31,194,385 as one lump sum as per the 24th June RNS it references.
They received "approximately" $18,100,000 so where is the remaining "approximate" $13,094,385 that the company should have received as the one lump sum.payment (as per 24th June RNS)? What's changed? Why hasn't an RNS been issued to clarify why Suzhou haven't complied with the agreement?