Abingdon Cap Share Discussion Threads

[ntv] 25/4/2004 22:39

agree simon becoming more difficult to find any bargins at the moment,i've got quite a bit of cash in my portfolio,1st time for quite awhile,though did recently top up my holding in slp

[hugepants] 25/4/2004 20:09

Simon, In a previous post you said;

".....given £5.4m of net assets and a number of options/warrants (e.g. Multi Group)that are not held in the balance sheet."

The recent reallisation of the Multi-Group options should add over 0.5p to Nav based on a strike price of 1p. Do you have a note of the other options/warrants that ANC hold? Ive lost track.

[simonevans] 25/4/2004 19:37

Bittorrent - I'm the other way around at the moment - too much cash held in portfolio, not enough value shares to go for. This one was better value 6 months ago, but still cheap imo.

[bittorrent] 25/4/2004 19:33

Simon thanks for the reply, this is looking better the more I read about it.
Your post 243 explains the sharp fall on the long term chart!
Good luck to all holders of ANC and CFP-the problem these days is too many great shares but not enough funds to buy them!

[simonevans] 25/4/2004 15:10

sbl - yes, CFP are also interesting. I hold from the 0.35p days - part of the reason for the premium rating on this one is that the market is starting to believe the story.....i.e. that CFA will be another Seymour Pierce. Stephen Barclay and John Shaw have done it before....SYP only went wrong when they left.

Corporate Synergy are very different, but have moved on strongly from the difficulties that were experienced 18m ago from the Izodia debacle. Trading is very strong and so if they can keep their cost base under control then they should be heading for a good year.

[saddam bin laden] 25/4/2004 12:22

Thanks for the research guys - will dig deeper.

I know there is a lot of wind going on with CFP but some insiders are telling me there are some juicy deals in the pipe line. But I think we can't do much wrong by investing in this sector.

SBL

[simonevans] 25/4/2004 12:17

Normally take cash, but often get some options or warrants - e.g Multi-Group where have options for 1% i think at 1p.

[gay] 25/4/2004 10:24

Also found this via cfp board. Will do a bit more research but certainly looks very interesting. Might well take a nibble on monday.
Floppyhunter (on Gay's pc).

[bittorrent] 25/4/2004 09:46

I found this via the CFP board and it certainly looks interesting.
Do they usually take shares in a new company as payment, or cash?
If so, do they publish their holdings?
TIA, BT.

[hugepants] 25/4/2004 08:28

Saddam,

gives further info on clients

[simonevans] 25/4/2004 07:45

They have the following list of AIM clients but also a number of private company clients, £5m of cash, approx £1m of investments and 25% of a hedge fund.

1st Dental Laboratories PLC
4Less Group (The) PLC
Black Rock Oil & Gas PLC
Cytomyx Holdings PLC
Elite Strategies PLC
Envesta Telecom PLC
First Derivatives PLC
Hartest Holdings PLC
Lo-Q PLC
Multi Group PLC
Sports & Leisure Group PLC
Tom Hoskins PLC
Venturia PLC

[ntv] 24/4/2004 19:42

am going to the agm on 4th may,any one else?

[saddam bin laden] 24/4/2004 18:24

Can anyone tell me how many clients they have and value of shares in any of these companies?

[simonevans] 24/4/2004 08:36

If you compare this one to CFA Capital, it is quite clear how undervalued this one is in comparison.

[hugepants] 23/4/2004 12:20

Ive bought some more. You can currently buy at mid-price online. Market cap 6.7M, 5M net cash and group now trading profitably.

[optimist at large] 20/4/2004 22:10

All it needs is more buys than sells!

[simonevans] 20/4/2004 22:06

Yes, needs some positive spin. May they need a good PR company!

[ntv] 20/4/2004 20:12

still going down

[ntv] 18/4/2004 21:52

also floatation of 4less was successful as the shares were placed at 60p and opened up about 30%

[ntv] 18/4/2004 21:51

optimist at large
it should bring in some publicity but will also depend on how much money they bring in for the first fund

[simonevans] 18/4/2004 18:26

NTV - agree. not much interest on this thread. 4th May is the AGM date. You should have received the annual report about a month ago.

[optimist at large] 18/4/2004 17:33

Is the Mouncashel Hedge Fund launching in May? This should give the price some upward movement.

[ntv] 18/4/2004 17:18

i think there are only a few of us who realise what a bargin they still are simon
they are still certainly busy bees
haven't received my annual report yet.think agm is near the the end of the month
anyone going?