Aim Realisation Share Discussion Threads

[tam oshanter] 11/3/2009 16:02

why are people buying when the RNS says that ordinary shares are worthless?
Am I missing something?

'On the basis that there is expected to be insufficient assets available to repay the Redeemable Preference Share entitlement in full, the distribution to
Ordinary Shareholders on a winding up of the Company will be nil.'

[pugugly] 11/3/2009 11:38

End of the road.

[double6] 04/3/2009 16:29

NIL NAV for ordinary shares - any worth holding them ??

[double6] 04/3/2009 16:29

NIL NAV for ordinary shares - any worth holding them ??

[pugugly] 19/1/2009 16:05

ALS:- Try their last accounts - There is a partial list there. If you are interested in any of them I suspect it could be sale time - Like make me an offer !!

[arthur_lame_stocks] 11/12/2008 19:25

I phoned the company today to see if there was a list available of their current investments but was told that there wasn't.

[pugugly] 11/12/2008 10:31

As I understand it Prefs ahve a repayment value of £1 plus possibly rolled up interest (will need to check this out) assuming that there are ufficient assets.

the ordinary shares take the balance. Could be a very highly geared play at these prices but the underlying assets are not too exciting.

More potentially interesting plays out there at teh moment that need my time to investigate.

[vision88] 09/12/2008 04:48

looks like a possible bounce at 2p must be worth a reasonable punt 1=5 hundred £s its a good posibility it might double or trebell, but its a pure speculation at these lows.

[stuart14] 28/11/2008 11:32

It must still have some holdings surely?

[pugugly] 28/11/2008 11:10

NAV Now ZERO yes ZERO- whish I had been able to short this one - Even the prefs are now well submerged.

07 November 2008


AIM Realisation Fund Limited

The unaudited Net Asset Value per Ordinary Share based on mid prices as at 31 October 2008
including income was 0.00p based upon
9,193,965 Ordinary Shares.
The unaudited Net Asset Value per Ordinary Share based on bid prices including income was
0.00p per Ordinary Share.
The unaudited Net Asset Value per Redeemable Preference Share based on mid prices as at 31
October 2008 was 86.19p based upon 3,806,800
Redeemable Preference Shares.

[pugugly] 11/7/2008 08:20

The waste is even more toxic ---

A dustbin for failed IPO's - A lot to learn from the list of investments.

[pugugly] 07/2/2008 10:59

Looks like toxic waste. Check the caution re NAV

"The unaudited Net Asset Value per Ordinary Share based on bid prices as at 31
January 2008 was 49.78p based upon 9,193,965 Ordinary Shares.

Please note the above net asset values include a write down of certain
investments where the Investment Adviser deems the fair value to be lower than
the quoted market bid price, as approved by the Board.

[pro_better] 20/10/2007 11:35

looks very tempting!

[pro_better] 20/10/2007 11:34

AIM Realisation Fund Limited has been established to target the realisation of value from a portfolio of AIM Securities. As consideration for the acquisition of Qualifying Securities in AIM traded shares, the Company will issue Ordinary Shares and Redeemable Preference Shares of equal value to Shareholders. The Company's investment objective is to manage its Investments to provide value and liquidity for Shareholders. Collins Stewart Fund Management (the "Manager") will manage the Company's Investments. The Manager is a subsidiary of Collins Stewart Tullett plc. The Portfolio Management Division of Collins Stewart Limited will provide the Company and the Manager with investment advisory services. It is expected that no single investment, at the time of acquisition, will represent more than 20 per cent. of the company's gross asset value, although there is no guarantee that this will be the case. The Company only intends to incur borrowings to meet the expenses of the Placing or finance working capital pending realisation of investments.

Shares Held:
19-03-2007 Smith & Williamson Holdings - 541,074 5.8900
26-02-2007 Majedie Asset Management - 914,409 9.9500
07-02-2007 Morgan Stanley Securities Limited + - 671,444 7.3000
08-09-2006 Dresdner Kleinwort Wassertein Group - 1,486,050 16.1600