We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Active Capital | AIT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.50 | 8.50 |
| Top Posts |
|---|
Posted at 24/8/2009 12:46 by foster Not having looked at this company for some while, I was amazed to discover the following. Any prospective investor in the shares of this company MUST read this carefully...One excerpt:- "When the Company was launched in April 2001, the objective was to return to Ordinary Shareholders 99.9p per Ordinary Share plus an amount equal to 7.5 per cent. per annum compounded annually (based on an issue price of 100p per Ordinary Share from the Company's launch date to the date of payment) by 31 May 2007. Following Shareholders' approval in July 2006, the target date for such return was extended to 31 May 2012. When the target date for such return was extended, the Board gave a commitment to provide Ordinary Shareholders with an opportunity to vote on the Company's future at the annual general meeting in 2009 if certain performance objectives were not achieved as at 31 May 2009. "Following the Company's [or should it be investment manager BLUEHONE'S] FAILURE to meet those performance objectives, the Board consulted with the largest Ordinary Shareholders and subsequently considered proposals for the Company's future which were received from several interested parties, including BLUEHONE. Having considered the feedback received from the Ordinary Shareholders consulted and the proposals received from the interested parties, the Board concluded that it is in the best interests of Ordinary Shareholders as a whole to convert the Company into a realisation fund and that this would be best undertaken by BLUEHONE." [my caps.] For nearly five years I have posted warnings about the performance of this company and highlighted the generous rewards for investment management failure. With each crisis, it has become ever more incredible that, somehow, BLUEHONE not only survives but continues to do so on generous terms. Even now, their flair in negotiating their own position seems to me infinitely more successful than generating returns for shareholders. |
Posted at 18/11/2008 15:06 by foster "The Trust is managed with the aim of providing investors with medium to long-term capital growth."... resulting in - providing investors with a 75% LOSS in the seven-and-a-half years since launch. But the latest fund factsheet... shows fund manager Bill Brown still grinning, despite the Trust's poor showing against the sector average. Why? Possibly the accumulated fees of around 9% of total assets over that period? |
Posted at 23/1/2008 22:37 by foster I came across something interesting today, on the AIC website: up-to-date data for AIT that shows gearing has reached 150. This looks like the level at which the managers have to take action to comply with the financial covenants of their loans. Total borrowings must not exceed 50% of NAV. If true, it could mean trouble ahead.Remember that this is the team that decided, when running Aim Trust, to increase borrowing during year 2000, at the top of the last bull market. For the next two years, they kept gearing high as the market collapsed. They were up against their loan covenants so badly that by 2003 they needed to sell shares and hold more than 20% of assets in Gilts. The solution was to merge Aim Trust with the ungeared 3PC trust, change the name, and forget about everything before 2003. Poor old investors in Aim Trust who bought at launch in 1996 (if there are still any left!) are today seeing no share price return and no dividend return over all that time. They must be hoping that history isn't about to repeat itself. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
