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USPI Global Spec.Inc

33.625
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Spec.Inc LSE:USPI London Ordinary Share GB0030313315 INC SHS 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 33.625 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 33.625 GBX

Us Special Opps Trust (USPI) Latest News

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Us Special Opps Trust (USPI) Discussions and Chat

Us Special Opps Trust Forums and Chat

Date Time Title Posts
16/8/201220:36Global Special Opportunities Trust23

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Us Special Opps Trust (USPI) Most Recent Trades

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Us Special Opps Trust (USPI) Top Chat Posts

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Posted at 20/2/2011 14:08 by holliss
USPI get first prioity of assets up to a max 121p so will get all the net assets currently 40p. USPC will get nothing and the few zeros are a leftover 99% have been paid back and the rest will be taken in the new tax year and have already been accounted for.
They said they are not disposing until the last 3 months i.e. 1st March onwards. If the Russell2000 and the $ remain stable should get 40p. However if the $ falls 5% from 1.62 to 1.70 to the pound, that will knock that to 38p and vice versa. The strong pound is not helping these and has mitigated the recent Russell2000 rise.
Posted at 18/2/2011 10:19 by envirovision
Praipus, do you see a 40p return here for people with the USPI shares or more?

Im struggling to work out the zeros, do zero holders get nothing, 120p or 180p ?
Posted at 08/12/2010 11:05 by holliss
Yes you are correct, the first 121p of net assets go to USPI, so USPC are in effect worthless.
Your 'tracking the arbitragers' site is very good, just ploughing through their holdings now.
Posted at 08/12/2010 09:51 by praipus
Am I right in thinking the USPI rank before the capital shares USPC in a wind up situation?

And that in theory the USPI are owed £1.28 per share?
Posted at 07/12/2010 21:16 by praipus
zastas excellent....10p...isn't that great investing?

Similar experince with ECWC after Utilico (UTL also trade at a discount) bought a block at 25p (I bought nervously at 40p and all the way up!) the subsequent rally took them to £9...of course I didnt sell any then. The inevitable drift to £8-£6-then the 2007 and £4 followed before conversion to the current incarnation ECWO. ECWO (pays a dividend) trades at a nice discount to NAV but no short or medium term liquidation events to narrow it at the moment.

The trouble is there are many more failure and mistake stories which arent so easy to brag about. As you say we hope we learn from "too many mistakes".

USPI 9% in cash too so it's not a scary portfolio, from what I can see.

IWN Ishares Russell index chart added to header.
Posted at 07/12/2010 20:40 by zastas
USPI I bought as part of the great institutional sell-out bonanza of the splits, in 2002/3. I bought them at 10 pence, and then swithched some more funds into it in 2004 at about 40 pence I remember. As I said, somehow I didn't sell out completely in 2007; don't know quite why other than inertia.

Gerrards, yes I think they got taken over or absorbed; was it Singer& Friedlander? It didn't do me any good handing Nigel some of my cash; but then you hopefully learn from too many mistakes!

As you said, roll on May 2011; I feel like USPI is like an unruly outstayed-his-welcome guest to me! I notice they have moved 20% into an Ishare fund now; let's hope they can encash the illiquid bits on time without too much of a haircut.
Us Special Opps Trust share price data is direct from the London Stock Exchange

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