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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nthn.Investors | LSE:NRI | London | Ordinary Share | GB00B08S4K30 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 186.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 186.00 | GBX |
Northern Investors (NRI) Share Charts1 Year Northern Investors Chart |
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1 Month Northern Investors Chart |
Intraday Northern Investors Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/7/2017 | 08:43 | Northern Investors Company | 473 |
| 06/1/2004 | 10:33 | NovaGold: 4th Largest Undeveloped Gold Resource | 24 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 12/7/2017 22:06 by westcountryboy New NAV figure of 222.8p per share post divi has led to further share price falls. As we are still 60p over the NAV it will be interesting if this falls further, or whether investors remain cooler and still quietly hope that in addition to the £5.57m net assets remaining after the divi payment they may get at least £0.96m in deferred sale proceeds and up to £1.74m for the performance fee provision, making £8m = 320p per share before any increase in value of the remaining companies is factored in. |
Posted at 05/7/2017 20:16 by westcountryboy I can see why the price has fallen: now the divi has been paid the market is confronted with the statement in the annual report that the final return from here is anticipated to be between 240p-400p, or £6m-£10m - so we are pretty much in the middle of that range. The current buy price of 315p equates to £7.9m NAV against a NAV of only £5.8m for the four remaining companies. The 400p/£10m upper range estimate depends on three things happening in my opinion:1) an uplift in at least some of the remaining four companies before sale - the most promising being Axial - but none of them are laying golden eggs in the way that some of the previous holdings were 2) further payments for sold companies eg Optilan (up to £1.2m might be possible according to the report) 3) a lot of the money reserved on the balance sheet for performance fee not being needed. £1.75m is currently reserved in my estimation on top of (only) £771k used this year - difficult to see why much should be needed next year, but as I don't know the terms of the scheme I may be wrong! Other views welcome! WCB |
Posted at 05/7/2017 10:54 by ursus Quite a price movement over recent days |
Posted at 15/11/2016 15:02 by skyship NAV/share as at 30th Sept'16 = 728.6p |
Posted at 20/5/2016 14:27 by westcountryboy Hi SBPEach to his own! On the more optimistic side: - of net assets of £17m, £10m is cash - there is a dividend of 24p in the offing - 'It is still our objective that the return of cash to shareholders should be substantially completed by December 2017; our latest review indicates that the further amount to be returned could be in the range from GBP18 million to GBP23 million, making an ultimate total of between GBP95 million and GBP100 million. This is equivalent to between 160% and 170% of the net assets at the start of the realisation process, and implies future cash distributions of between 720 pence and 920 pence for each share now in issue.' - there are only six remaining companies of note, all seemingly rather healthy, and only two of which (Weldex and CGI) are worth less than they cost : Axial Systems Holdings 3,519 Optilan Group 2,747 Cawood Scientific 1,984 Weldex (International) Offshore Holdings 1,921 CGI Group Holdings 819 Lanner Group 730 - as discussed before on this thread, the £5m bonus set off against assets is very unlikely all to be needed |
Posted at 11/3/2016 09:22 by ursus To tender or not to tender?My quick back of envelope calc below assumes that 64.29% of the shares are tendered (may well be wrong as some of the managers are only tendering 50% - will this and other shortfalls be taken up by those who tender up to 100%?) At present the co estimates an end 2017 wind up at 155-170% of opening net assets (£59m) - so take mid point at £95.87m. Call it £95m. Less current nav (ex perf fee) of £81.4m - so £13.6m to come, spread between 1.75m shares is 777p per share. nb - that £13.6m shd be compared with the post tender nav of approx £11.5m (ie 31.5m less 20m tender amount). 777p per share equates over 21 months to a gry of 12.7% pa |
Posted at 07/3/2016 18:55 by garbetklb Rather odd that there's no mention as to where NRI holding has been sold - nothing on Control Risks web site or Twitter, so looks like it's a private sale of the NRI holding only.Will be interested to see which holdings are left - and valuations. |
Posted at 01/3/2016 18:33 by stupidboypike Yes I saw that and vaguely tempted to sell some, but maybe someone knows something, we get a statement in a couple of days so will hang on. Last time the price went up above the tender price within a few days of the tender.Best regards SBP |
Posted at 25/2/2016 16:15 by skyship Posted on NRI back on 1st Feb. Thanks to WCB for flagging up the cheap offer as I bought then @ 516p and sold today @ 630p...perhaps too early, but couldn't resist a turn of that order in these difficult times.Thnx again WCB. |
Posted at 05/4/2015 18:25 by skyship Posted this elsewhere today. Thought I might as well copy it here:==================== WHERE TO NEXT… I see it was back on 1st Sep'10 that I created the thread for liquidating Private Equity trust HPEQ. After that paid off in no uncertain terms, I cast around for a worthy successor and happily alighted upon the liquidating NRI, starting the thread here on 26th Jul'12. NRI has actually done even better than HPEQ, with the price more than doubling. We've had three Tenders along the way; and the third at 500p which closed last week is likely to provide my exit; though there could remain a small rump which I will hold and wait for an IPO of the largest portfolio holding - Control Risks. Private Equity remains my most profitable investment sector; and all along I should have had a higher weighting in NRI. Now I am looking for the next PE contender to carry the HPEQ/NRI torch. Happily there is a third, small, liquidating Private Equity trust – MITHRAS Inv. Tst. – “MTH” MTH is an admirable successor, though the returns will now not be so great as we have already had three tenders and a rising share price over the past two years. No matter, MTH looks highly likely to continue paying out favourable dollops, indeed the Board actually states that MTH is still quite early on in its liquidation. I look forward to another Tender later this year; and the shares can be bought at 146p at a good discount to the likely Tender price – see this link to my Post No.140 on ADVFN’s MTH thread: MTH is a tight Market, so if not already in there and tempted to buy a few, perhaps best set your limit to, say, 147p and wait rather than bidding up. ==================== Two other PE trusts well worth considering: # JP Morgan Private Equity – JPEL. This is now my largest holding thanks to continuing strength and a couple of top-ups lower down. In spite of its rise JPEL @ 93c offers a very attractive 23.8% NAV discount – much higher than the average of 18% for its peers. NB: Yes, JPEL is LSE listed but quoted in US$; so the currency has also added to past performance; and may continue to do so… # BP Marsh – BPM. This is another small trust; and a bit of a specialist being solely in the Insurance broker sector – a Market sector doing very well and going through an active period of consolidation. The major attraction here is the excessive NAV discount of 30%. That should close to something akin to the 18% sector average. That alone would raise the price 16% from the current offer price of 144p to 168p. |
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