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Ah well BMN is in situated in the rugby World Cup winners corner :) viva la Springboks!
Interesting read. I see they put the valuation at 82p. That is some fantastic upside!
Ah sorry, I mistook what you meant.
Cc'ed in DS
I cant say definitively but the msg. I sent a couple days ago, I got a reply from GS and I noticed that he cc'ed JS in. Wouldnt make sense of he was leaving.
Yes, they need one more person on the BOD... Jerry Maguire. "Show me the MONEY!"
As HullFC mentioned to was a rather disappointing week. After some disappointment I find it's good to remember why I got in in the first place, particularly when nothing significant has changed besides expected news not coming as quickly as people would like. I've blatantly stolen the below from a previous post by 2Mex (credit where credits due).
1. Alpha has probably the top life settlements market maker, Danny Swick, with $8Billion of trading experience.
2. Alpha with SLIM has in-house actuarial expertise specific to life policies - a quality not found in usual settlement businesses
3. The above two points are validated in the progress towards $100million credit facility
4. Points 1&2 are inlet and processing. Austin King, with extensive connections has been brought in for the outlet; the sales.
5. KPMG has validated a 16.2% annualised return on this uncorrelated asset
6. "this uncorrelated asset": the asset class is not affected by general market
7. Alpha has structured a tax-efficient system which will bring in global investors
8. Black Oak fund has already received commitments for seed capital of $15 million
9. The market is absolutely massive at $19Trillion with $57Billion policies lapsing each year
10. Only $2.8Billion of policies are settled each year. The $57Billion lapsing is there to be taken.
11. The market will climb over the next 10years as baby boomers retire
12. Note the wave retiring is more tech-savvy, internet dependent: ideal for targeted marketing
13. Point 12 also means that social media / marketing will build life settlement awareness
14. Perhaps THE key point: Life settlement is a great option, far better than surrender or lapsing
15. The $100million credit facility can be used to buy $500m of face value and repeated 4x per year
16. Alpha has a unique situation with specific talents amalgamated for Life Settlement
17. Legislation is already present in 6 states to ensure life policy holders are made aware of the settlement option.
18. 2019 Annual report: "..For 2020, we expect to be generating material revenues and as 2019 closes, at the date of this report, the company has approximately £450,000 of cash balances, so the group is very well positioned as we move into this new phase.."
19. This is a scalable, low overhead business which has potential ahead to 10bag, 20bag etc.
20. Based on the projected targets Y1:FUM $100m, Y2:FUM $350m etc, the projected FUM after 8 years will be approaching $8 Billion
21. Potential for asset manager(s) to increase credit facility
22. The initial $100m trade target for year 1 indicates confidence of business developing quickly. After Y2, expected annual increment more than $250m
23. When asked about 3-5 year target/valuation: Danny Swick's reply "..Yes, I think the ultimate goal which I think about on a regular basis is where we get to a point where we have a market cap in excess of $100million.."
There are slew of 'sells' @ 1.9475 with Bid = 1.90 and Buy = 2.00.
Anyone else suspects those are actually buys?
* many years ago I got nervous...
I learnt the lesson of patience that hard way. Many years when I got nervous and cashed in a fairly nice sized chunk of ARM holdings. If anyone is familiar with that company from early 2000's you will know why it still annoys me to this day :|
Next week is certainly going to be interesting in run up to AGM!
Interesting to see this was at Drax. Seems to be a bit of a partnership developing there...
"Velocys, the sustainable fuels technology company, joined Kwasi Kwarteng MP, the UK’s Clean Growth Minister, at Drax Power Station to discuss the opportunities for carbon capture usage and storage (CCUS) technology in the Humber region."
https://www.velocys.com/2020/01/30/velocys-and-uk-clean-growth-minister-discuss-negative-emission-fuels/
Article of interest...
"In February 2016, after six years of talks, the U.N. International Civil Aviation Organization (ICAO) agreed on a global standard aimed at makers of small and large planes, including Airbus SE and Boeing Co, that will apply to all new aircraft models launched after 2020."
"To achieve carbon-neutral growth after 2020, despite rising traffic, commercial airlines aim to use more fuel-efficient aircraft, find more direct flight paths by improved air traffic control and substitute conventional fuel with more sustainable biofuels."
https://uk.reuters.com/article/us-usa-airplanes-emissions/u-s-environmental-groups-plan-to-sue-trump-administration-on-airplane-emissions-idUKKBN1ZT2LV
I also messaged the company today and received a reply from GS. Nice that he does take the time out to reply to PI's. I wasn't asking about placing rumours, but he did say something similar about ignoring uninformed speculation and that news will come via RNS.
I'm currently getting quoted buy @ 2.0475
They do look like they would fit the bill.
I see they have their fourth quarter and full year 2019 investor conference call today at 2pm UK time.
Prey tell how you know this?
Seems quite a few planning related docs have been posted.
http://planninganddevelopment.nelincs.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=PUW79ZLJH1F00
I read the gas pipeline comments as due diligence needs to be adhered to and National Grid should be involved to ensure this is the case. Not sure what delay impact that would incur.
There are with some positives though related to the habitat assessments.
Quoting the last 'conclusion' point from "STAGE 1 HABITAT REGULATIONS ASSESSMENT SCREENING REPORT & STAGE 2 AA" - this report now has a status of 'final'.
7.1.3 It is anticipated that the provided information is sufficient to demonstrate that the requirements of Regulations 63 and 64 of the Habitats Regulations have been fully considered, and will allow the competent authority to undertake an HRA Screening exercise & Appropriate Assessment, and reach the same conclusion as detailed within this report i.e. no significant residual effect upon any statutory designated site/qualifying feature.
For someone who supposedly hates people like Doc H he certainly acts the same. Posting the same thing over and over, rubbishing what other people say & making up things about RNS releases etc.