Member Info for wideisland

Nice £50k delayed purchase gone through. Any loose shares appear to be being mopped up. Looks like somebody is building a stake pre announcement.

(Apologies if you are refering to something else)
My statement on institutions refered to the fund being considered an investable asset class. Before I invested I commissioned a fund manager to review the opportunity for me (pre acquisition). Alternative investments , such as life products, are very attractive at the moment as returns from many mainstream asset classes are delivering lower returns and higer risk. Life assets are rececssion proof, which makes them very desirable; institutions are actively trying to balance their portfolios as a hedge. His initial concern was that, whilst the performance of the fund was impressive, the size of the fund was relatively small. He stated that for the fund to be considered an 'investable' asset class by big institutions and family offices that the fund would need to be £100m+. The aquisition was pivotal for Alpha, however, iin addition ncreasing the size of the fund is essential. Alpha clearly recognise this and appear to be taking significant positive action to dramatically increase funds under management. I'm hoping for / expecting a big announcement this month. Alpha is becoming a very attractive proposition in a highly aquisitive sector, where scale delivers efficiencies and profits. Likewise, Alpha has a significant opportunity to grow by aquisition and increase shareholder value.

Did anybody pick up on the extract from the RNs below? At first read it looks fairly innocuous but I believe it's quite significant. My understanding is that each contract should add 500k to 1m to the AUM? I.e £50m to £100m for 100 contracts. Can anybody verify my understanding above?

Larger fund size , £100m+, will bring in a much broader range of institutional investors / family offices, which is significant. With an AUM of £100m it moves into the category of being properly recognised as an investable asset.

Extract from RNs starts:
As announced last month, the asset management company which we are in discussions with regarding the RCF is now planning to directly invest in a block of life settlement assets. This is very positive for Alpha Growth as it means we will benefit from the fee revenue associated with the ongoing management of these assets without the costs of a new structure.

We are pleased to update that the asset management company is currently in the process of reviewing a block of 100 life settlements, these assets were sourced by Alpha Growth and will be managed by Alpha going forward. Once this review completes it will further add to our AUM and revenue.

The Company expects to make a further update regarding this before the end of April.

Skyfarmer I chose leave the unbalancedviewers to bombard themselves with irrelevant messages all day. The boards are supposed to be a place where you can share and learn. You certainly won't learn from some of the idiots on this thread. I don't believe that number of them are investors as nobody would be stupid enough to talk down their investments all day long. You can see the ones I mean, as they only comment on one share and more than likely have multiple accounts posting on the same thread.

@balancedviewer Before chat boards existed, did you used to sit infront of a mirror and talk to yourself all day. You really are proliffic. : )

That's really interesting. I had no idea that the activist groups were live on the chat boards, that makes perfect sense. I'm completely on board with supporting 'Green' and 'Ethical' invesments. It would make a lot more sense if they spent more of their time promoting those kind of companies, which would create jobs and be good for the environment. At the end of the day the long term share price depends on whether or not ANGS gets the finance sorted, not whether or not the price is temporarily lower. It appears to be a very short term approach, to spend ones time being negative all day long. @balancedviewer @Alan2017 @Yanis2005 any share tips for 'green''ethical' investments, I'd be happy to take a look.

@unbalancedviewer. If you didn't give a hoot then you wouldn't post 15 negative comments before lunchtime. : ) Very odd, as if you had shares then you wouldn't want them to go down and if you don't hold shares then why would you devote your days to trashing ANGS ??? What's your agenda, I'm intrigued.

@balancedviewer I just love your tag. Over 300 negative posts in 4 months, with around 14 today. : ) All the posts related to ANGS. @Balancedviewer, what would you regard as unbalanced. #UnbalancedViewer.

Great to see the price holding up so strongly with the placing shares live on the market. As soon as the acquistion goes through this is going to fly. Price looks grossly undervalued at these levels.

It's clearly a risky punt, which is reflected in the Share price. It obviously all hangs on getting the financing, which there does appear to be support for. Price seems cheap, I've been trying to top up all week with limited success at buying smallish chunks of a million shares every day. Liquidity is severely limited, which bodes well. If/when they get finance it should fly though, looking for it to double from todays prices.

Positive extracts:
Based on our professional judgement, we determined overall materiality for the Group financial statements as a whole to be £250,000 (2019: £330,000), based on 2% of Group total assets. I.e. £12,500,000 asset value.
I am pleased to say that we were able, during this accounting period, to complete a Competent Persons Report confirming our original view of the Field as being worth multiples of Angus' market capitalization
...
On the other hand, the renumeration increases look outrageos, although to be fair they have significantly reduced costs vs 2019.

Disclosure: I hold a decent chunk of shares in ANGS.

I consider myself to be fairly aware of the current situation. I have participated in ANGS placings, albeit not the most recent one; which infuriated me, and most of the other shareholders including the largest independent holder (hence the supplementary placing). The nature, reasoning and timing of the placing / warrants etc, wasn't clever at all.

If the finance was unlikely to proceed then the company would have had to have issued an RNS to the same effect.
The paperwork with these types of deals tend to be fairly onerous and I know from deals that I have been directly involved in that they can drag on. Solicitors paid by the hour have a habbit of doing that!

Whilst like most of you I find the missed deadlines incredibly frustrating I still feel that the shares are significantly undervalued; therefore I am continuing to hold. If I didn't already have such a large holding then I would be adding more. It seems inevitable that with low volumes and delayed news that hte price will gradually slip back.

Fantastic news, Dr Kunwar Shailubhai, is grinning like a Cheshire Cat on proactive investors and endorsing it with words like phenomenal. This should pull some serious interest. https://www.proactiveinvestors.co.uk/companies/news/940095/tiziana-life-sciences-reports-strong-topline-data-from-foralumab-covid-19-trial-940095.html

That's very positive news flow and a strong endorsement of the prospects of Angus. G.P. Jersey (Forest) must have a 13% share now. (Also looks like a clip round the heels for George Lucan for excluding them from the placing).
I'm looking forward to a significant run on the share price over the next few weeks. G.P. wouldn't have taken such a large stake if the weren't confident of angs getting funding.

This is my opinion only, not investment advice.
My only gripe is the ABB was at a heavily discounted price, and marked the end of a decent rise, which we have all be desparate for. The day started with the feeling of elation with my holding having risen substantially of the preceeding week, to a drop 10% above the ABB price after which I averaged down with a substantial investment this morning. The ABB undermined a lot of loyal investors, including Forest, myself and a lot of people on this board.
The fundamental reason for investing remains the same though. If they get the financing in the next couple of weeks, which I believe that they will, then I believe that the shares will smash through 1.5 and personally I'm holding out for a lot more.
Yes, I'm fed up, but it offers an opportunity to buy more, with a decent short term return. I would imagine that the people that invested this week would be sophisticated / in the know investors. ; )