Shareholders
First before turning to our mutual interest, ALF Group Holdings AG, I would like to extend the season’s greetings to you and your family and we wish all a happy new and prosperous new year.
Now
1. ALF reverse split
2. Kingsley free shares
3. Terms and conditions
4. Share buy back
5. 2011 first quarter at a glance
As you are now aware the reverse split has been completed , the split actually occured over a number of days with Kingsley only today being credited with its shares .
The current net asset baking of the shares based on valuation and purchase price of assets is in excess of 1 euro per share , further as new acquistions the subject of existing agreements are
Finalised we believe that this net asset backing will increase substantially.
Based on an Ebit calculation over a blended three year estimate of income ALF should have a value of in excess of 3-50 Euro per share
Kingsley free shares ,
To review the terms and conditions and the application , you can either go to the ALF web site at
www.alfgroupag.com then move the mouse or cursour to investors , three drop down boxes will appear , click on documents , then there is a small box you must click last line after the 3 paragraphs on the right .
Once you click on this a new page opens with all the attached documents uploaded by ALF , the top document is the German version of terms and conditions , and a basic explanation as to why Kingsley have given shareholders this generous gift and an explantion as to why shares are blocked for a period ,or go to
www.alfgroupag.com/media/documents/...itions_Application-D.pdfterms and conditions are most important and we want shareholders to understand our interest are aligned and the long term interest and prosperity of the company are our first concern . providing the companies fundamentals are correct , the underlying assets are valuable , the income stream is steady and growing then share holders will ultimatly rewarded by the increase in the value of there security over time .
Share buy back
The company advised that intended to declare a dividend in early 2011 for the 2010 period .
After carefull consideration the company in agreemnt with Kingsley agreed as following.
The company has sought to essentially tie up existing shareholders and made them agree not to trade there shares so they can obtain the free shares . Some shareholders will want to unlock some of there equity in ALF , and ALF recognise that many shareholders increased there holdings as the price fell.
So based on our view of the real value of the stock ALF have agreed to a select buy back on market .
The price will be limited to a maximum of 3-50 euro , ALF will buy over a a 10 working day period on market . Kingsley finance have agreed not to participate in the buy back , thus we anticipate the price will be very favourable to shareholders who wish to dispose of some shares and still maintain the ability to get free shares from Kingsley , we urge you to read the terms and conditions carefully .
2011 at a glance
1. ALF , USA subsiduary has now proceeded to documentation for the aquistion of an intial 9.9% of the Floridan Comunity Bank .
2. ALF have agreed to establish a JV company with the bank to acquire distressed mortgages from the FDIC and the TARP fund . these mortgages can be bought from 30c on the dollar to 65c on the dollar , this is likely to produce substantial cash flow form this trading.
3. ALF resources is moving to increase its postion in Zeus uraniam Limited and will act as a sub underwriter and have secured an agreed placement for ALF shareholders should they wish to invest at IPO stage in what we at ALF believe promisses to be an outstanding investment .
4. ALF is currently establishing a german subsiduary for the purpose of acquiring property portfolio that ALF have been in negotiation for some time to buy .ALF are currently in a binding agreement to acquire aGerman Portfolio at 32m Euro . ALF have a right to withdraw if the 60 day due diligence is not satisfactory , however ALF directors have done extensive research and are very pleased to date with this intended aquistion . ALF will be seeking funding from a german bank. The net yield after all runing costs but before interest in in excess of 9% and there are a number of vacancies and with occupancies reduced the yield shoud exceed 10% net before interest
5. ALF have conditional agreements for the appointment of three new independant directors
6. ALF expect to hold the 2010 AGM in march and present 3 years IFRS accounts at that time
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