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EIN Eaglet It

199.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eaglet It LSE:EIN London Ordinary Share GB0002974375 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 199.50 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 0 199.50 GBX

Eaglet (EIN) Latest News

Real-Time news about Eaglet It (London Stock Exchange): 0 recent articles

Eaglet (EIN) Discussions and Chat

Eaglet Forums and Chat

Date Time Title Posts
17/3/200915:20Eaglet Charts60
14/3/200915:34Eaglet Investment Trust1
27/10/200516:11EAGLET INVESTMENT TRUST -in loke for a kicking84
29/8/200321:07Eaglet Investment NAV Slip sliding away28
25/5/200110:38EAGLET IT - ANY OPINIONS?48

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Eaglet (EIN) Most Recent Trades

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Eaglet (EIN) Top Chat Posts

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Posted at 14/3/2009 15:34 by hindsight
Further regular tender offers

It is the Board's intention that, subject to there being sufficient
distributable reserves available to the Company for such purpose, further
tender offers will be considered by the Directors based on the proceeds
realised from the sale of the Existing Portfolio. It is expected that such
tender offers will be considered at least every 6 months during the period of
18 months from the date of approval of the Proposals. Any such further tender
offer will be subject to Shareholder approval to be sought at the relevant
time. The Board expects to fund purchases of Ordinary Shares by the Company
under the further tender offers from cash resources arising from the
realisation of the Existing Portfolio and, if necessary, from the realisation
of assets invested in accordance with the Company's new investment policy.

In the event that the Company has insufficient distributable reserves then the
Board will consider alternative ways to provide Shareholders with the
opportunity to share in the realisation proceeds from the sale of the Existing
Portfolio.
Posted at 11/3/2009 11:20 by merrick2
Post the Tender Offer it looks like the the shares could come under pressure due to the equity in the fund.. I think the discount could ultimately widen to as much as 40% suggesting a price target of about £1.60
Posted at 21/12/2008 12:17 by gilston
Now that Knox`s proposals have been rejected & given the continuing dire state of the small cap. market, is there any other option left for Eaglet apart from liquidation of remaining equity portfolio, for whatever firesale price that may be worth?
Posted at 03/9/2008 13:05 by gibbo6
Investment Advisor

Eaglet trust moves over to directors' dealing strategy
Oliver Good
10th March 2008

The new management of the £105 Eaglet Investment Trust has confirmed the company will be renamed and its strategy converted to a directors' dealing approach.
The trust was the subject of an activist takeover in late 2007, by a group led by Knox D'Arcy Investment Management. It will now be called the Directors' Dealing Investment Trust.
The small-cap fund was managed by Unicorn Asset Management until a shareholder vote installed three new directors on the trust's board.
It had been rumoured that Knox D'Arcy planned to follow a directors' dealing approach – investing only in firms whose directors are actively buying their own stock – but the strategy had not been confirmed until now.
Knox D'Arcy said the investment concept would deliver outperformance in both rising and falling market. "Directors are better informed than the market about the companies they run and therefore their share dealings outperform the market across the FTSE100, FTSE250, and FTSE Small Cap indices," a statement said.
Knox D'Arcy said it had worked on the concept for three years with academics from Bristol and Exeter Universities.
The research involved analysing all directors' dealings between 1994-2007 and the analysis contained 7.1m data observations covering 187,000 directors' trades, the firm said.
A simulation of a small-cap strategy for the period 1 January 2000 to June 2007 demonstrated the Directors' Dealing Investment Trust would have returned 169 per cent, outperforming the FTSE Small Cap index return of 28 per cent, Knox D'Arcy figures showed.
The new trust will invest in UK companies with market caps of more than £25m and the portfolio will hold roughly 40-60 stocks.
In November, the trust's former manager, Peter Walls at Unicorn, queried the legitimacy of the directors' dealing approach, saying the strategy was not well tested. He also said there was little shareholder support for such a change in policy.
The Eaglet investment trust returned 5.6 per cent over three years until 1 January 2008, underperforming the AIC UK Smaller Companies sector which returned 48.5 per cent, according to Morningstar.
Knox D'Arcy said it would begin fundraising for the trust in the coming weeks, targeting IFAs, institutional managers and wealth managers. The firm said it aimed for the trust to be fully invested within six months of its relaunch.

Read this article a while ago. Sounds interesting but what do people reckon on the chances of it being successful?
Posted at 10/4/2008 12:45 by tenerife
According to money week ein is to change to a stratedgy based on director dealings in smaller companies.
Posted at 13/10/2006 15:29 by scotswhaehae
Very nice progress...and a share repurchase as well today...

Small company revival bodes well for EIN...

Still great value imho...
Posted at 03/3/2006 09:33 by scotswhaehae
Further good NAV growth to 370.78p should underpin further EIN share price progress imho...

Plus discount to NAV deserves to narrow as confidence grows that EIN has refound its feet/balance or however you wish to decribe it.

Good luck all!
Posted at 16/12/2005 16:28 by scotswhaehae
Interesting share buyback announced today...

Raised cash by selling MSB and spent it and more on EIN shares...

Nice and aggressive...

Could get very interesting imho...

Good luck all!
Posted at 22/8/2005 11:44 by scotswhaehae
Harvey Nash going well...and important to Eaglet...

Could also be significant for Whitehead Mann...

Just a thought!

EIN now looking a great prospect imho...

Good luck all!
Posted at 27/5/2005 14:45 by markth
Discount is the harbinger of upwards price action on a small, illiquid IT like this one.

Eaglet's share price has underperformed the Smaller Companies Index by about 30% or so in the last 12 months. The discount during the last three years has widened by about the same amount from +10% premium to -20% discount. Currently discount is at a historic low and once Nav starts to tick up, it is likely that the discount effect will gear the rise and cause the share price to be corrected.

I still think 4.00 is not too far fetched but realistically we might see 3.50 by Christmas.
Eaglet share price data is direct from the London Stock Exchange

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