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ECIT Eclectic Inv Co

97.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eclectic Inv Co LSE:ECIT London Ordinary Share GB0003419479 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 97.50 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 97.50 GBX

Eclectic Inv Co (ECIT) Latest News

Real-Time news about Eclectic Inv Co (London Stock Exchange): 0 recent articles

Eclectic Inv Co (ECIT) Discussions and Chat

Eclectic Inv Co Forums and Chat

Date Time Title Posts
09/2/201510:16Eclectic Investment Trust - for global growth - strong buy - IMHO24

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Eclectic Inv Co (ECIT) Top Chat Posts

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Posted at 09/2/2015 10:16 by ian davenport
thanks Praipus, someone else had pointed out the bank details aspect - which to be honest had never occurred to me, I wont give them my email address, let alone my bank account !
I love the idea that ECIT still has "unrealised patents are other intellectual property rights" somehow hidden in the vaults , that we , as ex shareholders, are eligible to sell.
I raised this one as she rang 5 times in an afternoon, I really couldn't see what they thought they would get from me that was worth so much effort - usually when you say "this is obviously a scam" they give up-
and going forward , I now recall why I put almost all my shares into a nominee account - it gets you out of the scammers range
Posted at 06/2/2015 16:31 by ian davenport
Just in case anyone still has this in their favourites
I have had a few calls from a very very insistent young lady who is going to pay me well over the original investment , and hence infinitely more than the real value , for my shares in this IT - despite me having taken the offer in Jan 11
she already has my name and address from the (out of date?) share register, phone number, I guess from the phone book - what is she after? apart from my email address ( which I obviously haven't shared) , what's the scam?
Anyone else had any experience of this?
Posted at 27/11/2008 18:15 by praipus
Update (Eclectic)

RNS Number : 0700J
Eclectic Investment Trust PLC
27 November 2008



27 November 2008

Eclectic Investment Trust plc

Bank debt, portfolio and NAV update

Eclectic Investment Trust plc ("Eclectic") has, since the year end 31 May 2008, released
significant capital from its portfolio and
market hedge position and used the resultant proceeds to reduce its bank debt.

The proceeds from the realisations from the investment portfolio since the year end and
the unwinding of neutral index hedging position
have been used to reduce the bank loans and overdraft from £6.5m to £1.1m. Given market
conditions and the current size of the portfolio
this is considered a more appropriate debt level.

In addition, a dividend of 0.75p per share was paid on 31 October 2008.

The interim financial statements for the six months to 30 November 2008 are expected to be
published in January 2009 and will provide an
updated portfolio review. This period will cover the recent sharp market correction and the
impact of the above steps, which have also been
reflected in the monthly NAVs released by the Company. As at 21 November 2008, the Company's
net asset value amounted to 83.27p per share.

Ten largest holdings as at 21 November 2008


% of Gross Assets

Trust Company Limited
24.7%
Austral Pacific Energy Limited
20.6%
Aurora Investment Trust Plc
6.1%
eBet Limited
4.7%
Argus Group
4.2%
DTI Group Limited
3.8%
Intellect Holdings Limited
3.6%
Law Debenture Corporation Plc 3.1%
South Indian Bank Limited
2.0%
City Union Bank Limited
1.6%

74.4%

Eclectic also highlights that it holds a number of unlisted convertible notes which will
next be formally valued at 30 November 2008 in
the light of current market conditions. In particular our second largest holding as of 21
November 2008 was Austral Pacific at £3.4m.
Austral Pacific has announced that it is in discussions with its bankers regarding its bank
facility and is conducting a strategic review.
Dependent on the outcome of these discussions the carrying value of this investment may be
impacted.

In light of recent market developments and the relatively small size of the Company,
Eclectic is reviewing a number of strategic options
for the Company. A further announcement will be made in due course.

Enquiries:
Arbuthnot Securities,
Alastair Moreton,
+44 (0) 20 7012 2000


This information is provided by RNS
The company news service from the London Stock Exchange

END

Not quite sure if this is bad or good news.
Posted at 10/1/2008 15:37 by praipus
Happy New Year Rambutan2, quite agree.

Eclectic Net Asset Value(s)

RNS Number:5243L
Eclectic Investment Trust PLC
10 January 2008

Eclectic Investment Trust plc

It is announced that at the close of business on 31 December 2007, the
un-audited Net Asset Value per ordinary share (AIC Ex Income basis) of the above
investment trust company, managed by Ingot Capital Management Pty Ltd, is:-

Basic Net Asset Value: 180.79p per ordinary share

Phoenix Administration Services Limited - Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
END
Posted at 10/9/2007 22:23 by rambutan2
prelims out, not a great deal of info - need to get await the report and accounts for that...
Posted at 27/8/2007 23:30 by linhur
Praipus

Thanks for highlighting ECIT

Anyone know anything of the details of New Cap Re case? The new funding seems to be on hold until this is resolved so the outcome could be material to the NAV.

See ERG has dropped out ot the top ten holdings.This seems to be Ingot's weak link as it also affects UTL.

Do you know when the final results of Stocks Conversion were announced last year? The accounts were issued 18 September 2006, so I expect 2007 results to be announced this week.

regards

Linhur
Posted at 08/8/2007 16:55 by praipus
Formerly Stocks Convertible Trust Plc
Old thread


For historic reference interest 14/4/2007
Eclectic Inv Co share price data is direct from the London Stock Exchange

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