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TAR Third AD.

70.00
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Third AD. LSE:TAR London Ordinary Share GB00B0MV5G10 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 70.00 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 70.00 GBX

Third Advance Value Realisat (TAR) Latest News

Real-Time news about Third AD. (London Stock Exchange): 0 recent articles

Third Advance Value Realisat (TAR) Discussions and Chat

Third Advance Value Realisat Forums and Chat

Date Time Title Posts
10/4/200615:57Third Asset Value Realisation - A fund to hold ?30
17/1/200614:41The basket of basket cases8

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Third Advance Value Realisat (TAR) Most Recent Trades

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Third Advance Value Realisat (TAR) Top Chat Posts

Top Posts
Posted at 20/3/2006 22:36 by alexacj
Still very early days yet in the recovery of many of the stocks that TAR hold....9% below NAV on a stock that is currently growing its' NAV at 300% p.a......got to be one to be aboard!
Posted at 15/3/2006 10:12 by alexacj
Looking forward to the next NAV update....great set of results from DWSN....should really add to the NAV of TAR....:-)
Posted at 07/3/2006 18:34 by cockneyrebel
Not bad in 2 months ah?

At Jan1 the share price was 98p, NAV 84.7p

Today the share price is up 5% from Jan 1, the NAV up 34%.

Needs a re-rating imo.

CR
Posted at 23/2/2006 10:04 by cockneyrebel
yep, I've added some more TAR just now - looks like the NAV could soar here over the next few weeks.

CR
Posted at 22/2/2006 15:11 by cockneyrebel
Harvey Nash up 13% today - TAR have over (3%) £1m worth.

On their geared basis that could make a decent move upon the NAV.

Already trading well under the 111p+ NAV per share value - nice for a high growth fund.

CR
Posted at 11/2/2006 13:08 by cockneyrebel
FIO - tipped in SCSW - should boost FIO price and TAR's NAV imo.

CR
Posted at 06/2/2006 15:44 by cockneyrebel
Third Advance Value Realisation Company Limited announces that its unaudited net asset value as at the close of business on 3rd February 2006 was 77.498 million equivalent to 10.18 per 10 Unit. The Ordinary Shares and the Redeemable Preference Shares were issued in Units comprising three Ordinary Shares and seven Redeemable Preference Shares at a price of 10 per Unit.

The net asset values per share were:

Ordinary Shares 106.02 pence


--------------

Nice, a 6p rise in NAV in a week when the market was weak :-)

CR
Posted at 23/1/2006 10:24 by cockneyrebel
I'm not a huge fan of investment funds, I always think I can do better myself. But this one needs to be looked at.

The fund basically take stocks from larger institutions, those that have small amounts in companies that they are perhaps no longer interested in or can't justify the time pressuring the management to perform.

Funds may give TAR a chunk or all of the dregs of their small underperforming stocks in return for shares in TAR, or a bit of cash, or both. TAR management are apparently top guys in batting the management about in these small underperforming companies and getting them to perform. Large institutions like this fund as it frees them up of the small chunks of companies they have knocking around and it also helps get these stocks moving as the management know that TAR want results. The institutions also benefit by taking shares in TAR and as TAR grows they win too.

TAR have picked up some interesting holdings.

Dawson International, Lorien, Bede, Swallofield, UCM, Harvey Nash, Scapa and several more. All of these companies have been underperformers and if TAR can get a number of them moving the NAV could be set to soar.

The last NAV announcement was 98.73p, up from the 90.5p just 8 days prior.

TAR is currently trading around NAV but I suspect NAV is set to rise pretty strongly as these small underperformers recover and good performance may well see it trade above NAV too.

Seems like a fund were you can participate in the recovery of lots of underperfoming micro and small caps yet spread your risk while getting potentially top performance.

Worth a look imo.

Should apologise for the error in the title - the companyt nane is Third 'Advance' Value Realisation Company - you know what I mean tho!

CR
Posted at 17/1/2006 14:41 by cockneyrebel
TAR - just announced valuation, NAV has risen 10% in a fortnight to 98.73p.

DWSN's break out will no doubt add more over the next few weeks :-)

CR
Posted at 16/1/2006 09:08 by jonwig
The prospectus is here, might be worth putting the link into the header:



The Company is being launched as a new investment trust with the objective of providing value and liquidity to investors. It will acquire UK Listed Securities or Formerly Listed AIM Securities. As consideration for such securities the Company will issue Ordinary Shares and Redeemable Preference Shares at a price of 100p each in units comprising three Ordinary Shares and seven Redeemable Preference Shares. The Company follows the successful model of Advance Value Realisation Company Limited and Second Advance Value Realisation Company Limited, both of which were managed by Progressive Value Management Limited, which has been appointed to manage the Company's portfolio.
The placees of ADVARC and SAVR were principally UK institutions. The Directors believe that there continues to be demand for a company which provides institutions with the opportunity to:
" focus resources on core investments;
" dispose of non-core holdings and recycle the proceeds realised from them; and
" rationalise their portfolios to improve efficiency.

(Page 3). So they don't buy stock in the market, but direct from institutions.
Third Advance Value Realisat share price data is direct from the London Stock Exchange

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