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PDT Prelude Tst.

80.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Prelude Tst. LSE:PDT London Ordinary Share GB0006992480 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 80.00 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 80.00 GBX

Prelude Trust (PDT) Latest News

Real-Time news about Prelude Tst. (London Stock Exchange): 0 recent articles

Prelude Trust (PDT) Discussions and Chat

Prelude Trust Forums and Chat

Date Time Title Posts
03/11/201603:26PRELUDE TRUST : NAV 146p (40% cash), price 115p, world-leading investments646
01/5/200812:30A prelude to what?93
12/4/200722:50'A Prelude to a 10 bagger'7,772
21/7/200521:51Prelude Asset List - Ref only17
31/1/200410:18ROAST DINNER ! SAMSUNG DEAL1

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Prelude Trust (PDT) Most Recent Trades

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Prelude Trust (PDT) Top Chat Posts

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Posted at 03/11/2016 03:26 by rambutan2
A reappearance, albeit in a different guise:





Still has a few familiar (as in header above) names in run off ports under its management!
Posted at 10/9/2010 21:53 by timtom2
yep - shame really.

Back in May Phy shipped the 30 Millionth chip - a success story for UK Technology PLC. I hope the founders manage to get out with decent $ and do it again for the sake of the wealth creators in this country.

r.i.p. PDT.
Posted at 09/9/2010 22:49 by orange1
Stake bought by PDT for 2.5 mio, exit price around 5.8 mio.
Posted at 02/11/2009 12:25 by rivaldo
Many thx Orange1. I don't really bother keeping up, except for looking at ZBD occasionally as I had a fondness for it. Glad to see Displaylink doing OK. Sciona was predictable! I think PDT did well by shareholders getting out when they did, though long-term who knows. I suspect in the current climate many investee companies will have had to fundraise and therefore dilute etc.

I did come across this re Xmos which indicates it's doing well - could be a big winner still?



"XMOS foresees soaring sales, expects break even in 2010
By Peter Clarke

Page 1 of 2
Courtesy of EE Times Europe
(06/24/2009 9:37 AM EDT)


LONDON - Startup XMOS Semiconductor Ltd. (Bristol, England), a vendor of event-driven processor chips, is enjoying a sales boom that will see the company move from shipping over 50,000 units a month at present to hundreds of thousands of units per month by the end of 2009, according to CEO James Foster.

"We expect to break even next year, within five years of founding, which is remarkable," he said."
Posted at 02/11/2009 11:54 by orange1
In May 2008 the winding-up was announced:

"On Winding-up... Shareholders would receive approximately 86p per Share under the Proposals, of which it is expected that approximately 85.2p per Share would be paid by 20 June 2008 with the balance being payable at a later date (expected to be May 2009) subject to there being no claims under the Sale and Purchase Agreement or otherwise..."

The O.8p payment anticipated then for May 2009, has become 0.924p in November 2009. Nice!

Have you continued to follow developments at the various investee companies? Displaylink has continued to do well it seems and raised $8m in Sept 09, Phyworks and ZBD have progressed too. Hard to get a handle on the profitability (if any) of these companies though.
Posted at 02/11/2009 11:44 by rivaldo
Anyone there?!

I've just received a second liquidation payment of 0.974p per share in my ISA. Any idea what this relates to offhand (sorry, I'm being lazy and can't be bothered to dig out the sale agreement...).

A nice (small) surprise :o))
Posted at 26/1/2009 16:33 by orange1
m-spatial sold to mxdata. No price disclosed but I suspect that it was for less than the most recent Prelude valuation.
Posted at 24/10/2008 14:49 by rivaldo
I'm sure no-one is reading this, but it occurred to me to say well done to the PDT board in flogging off the company at what must now be seen as a great price.

Heaven knows where the share price would be now. I made a decent overall profit and am glad of it.

Many moaned endlessly about the directors, with some justification. But for example, the selling of a large stake in OXB at 25p or whatever it was looks like genius now, as does exiting the markets at just before the recession (for shareholders anyway).

Meanwhile those who moaned so repetitively and endlessly are, I notice as examples, stuck in Spark Ventures, at a fraction of former prices, or are/were heavily into Plasmon - now in wind-up mode. These were promoted as the much better alternatives to PDT. Enough said.

ZBD, DisplayLink and others still look to be doing OK, but valuations will surely have fallen markedly. I'm glad to have exited at 135p and then with the takeover, but just wanted to give a shout out to the PDT Board.
Posted at 06/4/2008 22:21 by fse
>hvs... what an idiotic and absurd remark to make.
I have held shares in PDT for many years and I have taken a loss on the disposal which was a decision that I did not take lightly.
I am hardly gloating over my mistakes !

You say "I am confident we will get an offer above cuurent share price for the lot."

Hopefully you will but I have stated my reasons above for throwing the towel in.

You also said this !


hvs - 4 Apr'08 - 19:15 - 574 of 578

Nice one Orange,

There is much more value here than the share price suggets.

The GITS who manage this have to be SACKED.
Posted at 08/1/2008 21:02 by russianlinesman
Fascinating psychology that there is now a bull thread and a bear thread. Apparently (according to rivaldo's feedback on the other thread) my comments are designed to talk down the price so I can buy back in. Shame I wasn't able to influence the share price in the other direction during the 7 years I owned some.

As rivaldo says, the lemons ripen before the oranges. Only problem is that PDT is now 10 years old, the good oranges were sold, and PDT used the money to buy some more fruit trees of uncertain variety. They announced in 2004/5 their move to invest in later-stage investments, which would be held for a shorter period prior to exit, but the portfolio (except for Ox Immu) seems to contain no late-stage investments.

Well, I said my bit and I will now withdraw, and let's see in 6/12 months what's going on. Remember 4 years ago, the discount to quoted NAV was above 50% and only Alphamosaic brought it out of that trough. Maybe DisplayLInk will be the one this time, but the NAV (whether the market accepts it or not) is still a lot less than it would have been if Prelude had put the £51m in the bank.

Remember that the Americans bought Prelude Management, not the funds - they recognise a good management contract when they see one, and is a win-win for them - investee company does well, they sing its praises, they all go under, and it was nothing to do with them. Meantime costs are covered by the NAV-related management fee (note the management fee is not related to the share price - but no need to re-visit the management is incentivised to claim a higher NAV to raise their fees argument).

Like Arnie, I'll be back (but just to see whether i'm learning anything, not to buy any shares!) I wouldn't want to be held personally responsible if the share price falls lower, seeing as how I have such a large influence on the price.

hasta la vista
rl
Prelude Trust share price data is direct from the London Stock Exchange

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