Member Info for Simgod

Daisy - You have now said that the company has not delivered and you are not prepared to wait another 3-6 months but you have previously said that you are not selling until you reach your target. I don't know what your target is but that might yet be achieved in the next 3-6 months! If you are not prepared to wait why don't you sell now? I don't get it.

More trades today for the same amount Raayaar

Daisy - You have just seen a 25% increase in the SP and you're still not happy? No sign of any further business added? The BOAGF has doubled in the last 12 months and we were told in the RNS dated 2nd February that Providence has increased it's balance sheet assets so on the face of it further business and AUM has been added. What will it actually take for you to start being just a little more positive?

Candi_Cane is quiet today.

I'm also glad you sold out but you're still here. Not sure why

Daisy - you have previously stated that you won't be selling until you have reached your target price in which case you clearly still believe that the company will deliver, If you didn't you would have walked away by now. Why therefore do you persist with the negativity and what exactly do you think that will achieve? I just don't get it.

Why don't you just give it a rest Daisy? The entire market is down today. Havn't you noticed?

ODX and ALGW are hardly the same sort of business are they? I would suggest ODX tanked because of their poor results, a big loss compared to a small profit the previous year.

This board isn't policed by anyone other than the moderators. The SP has gone down due to a lack of news from the management team. The business model is to build AUM which they are doing. If you're not happy then i suggest you might want to invest your money elsewhere.

Yes the lack of news is damaging to the share price and it's not unreasonable to expect regular updates but I am happy to give GS and the management team the benefit of the doubt. It was mentioned in the last RNS that the Providence Life Assurance fund was performing well so we should see an increase in AUM when results are announced. Building AUM is the business plan after all. It was also stated that the company has made strategic advances in both business segments. I think we should wait and see what the results are in April before passing judgment.

Daisy - we won't need to wait another year as the next set of audited results are due sometime before 30th April. Assuming we don't get an update from GS over the next few weeks, the results will obviously give us a better idea of how the company is performing. He has already indicated that Providence Life Assurance has increased it's balance sheet so assuming the BOAGF has also added more value we can expect an overall increase in AUM.

I agree Rambo, I have been a holder for over 2 years now. Something I have noticed is that the SP often seems to be influenced by negative sentiment (and indeed positive sentiment) on forums such as these. I am not sure why anyone would want to potentially damage the value of their investment by posting negative comments. Like everyone, I am a little frustrated by the lack of news but I still believe in the business model. If I didn't I would have sold up a long time ago.

Meeten - I don't post very often but I think you will find there are a good number of people here with a decent holding who are not necessarily TR1 holders.

Good post jg99. Best of luck with your future investments and yes, congratulations Giles. A savvy investor indeed! I decided to hold through the lean spell but so glad I did and even though I have a relatively small holding (under 1M shares), this stock has given my SIPP a huge boost. Fingers crossed for another positive update which will take us up to the next level.

Nothing available through A J Bell

Me too Iceman. I have held here for quite a while now. It has taken a fair bit of patience but it looks like the company has finally started to deliver. Let's hope the good news keeps coming when the April update is released.

To be fair, people have been buying! The share price has risen over 160% in the last 12 months. I would be quite happy with another similar rise in the next 12 months but I think it is likely to be much more than that if we can get these deals signed off. I'm quite happy to wait as I see the potential here.

Ricardo2019 - Yes it's encouraging to see the SP has held up fairly well today. Hopefully we can push on towards 3p next week. Excellent news this week IMO and if we can get that RCF signed off that will be the icing on the cake. I'm glad I kept faith in the company and I think ALGW has a very bright future. I am also invested in ZOE by the way.

It's only a deficit/loss if you sell

Highfive - the Board had already mentioned in their November update that the BOAGF return would be in the range 10-14%