|Alternative Asset Opps Pcc
||RED PTG PRF SHS NPV US TRADED LIFE INT
||EPS - Basic
||Market Cap (m)
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Alternative Asset Opps Pcc Share Discussion Threads
Showing 226 to 249 of 250 messages
|Idealing have finally coughed up today!|
|Final NAV is now 2.3p per share.
Should be minimal risk now of seeing a lower NAV, and IMO liquidators may have left some wiggle room for a marginally higher NAV ultimately...for the moment, it's probably best to assume a 2.3p final payout. Liquidator has confirmed they plan on making one more (i.e. a second) distribution to shareholders in due course, but wouldn't confirm timing & size at this point. Any further disclosure(s) will be made on the website:
Looks like everybody's received the distribution at this point, yes? And to answer a reader query, does anybody here hold TLI via Fidelity UK? If so, have you actually received the distribution yet (& when)?
|Got my 52p worth yesterday from Hargreaves and another broker. I notice on the above link that there is an email for the liquidators so I may drop them a line later today to see if they will indicate what is to come. I have been budgeting for 54p.|
|Two separate holdings at different brokers.|
|"Shareholders are advised that the initial distribution of 52.0 pence per Share held in the Company has been made by the Liquidators.
"The initial distribution date was confirmed as 3 January 2017 and the payments have been made by cheque."
Per website as at 10.13pm 11/01/17:
Poacher, are you saying that you had a second payment as well, or that you have two separate holdings on each of which you got 52p per share?|
|Nothing yet from idealing - their admin has really deteriorated of late, especially it seems when presented with cheques.|
|Both of my payments were credited last Friday.
Of course with the last four policies taking such a long while to transfer it could mean that they had already matured and alternative assets did not realise.|
|So far I have 52p from AJBell.
From what I understand there is another 2.4p of NAV to pay out.
I think they wanted to do a big payt quickly which is fine by me.|
|Hi poacher - I guess and hope you are right, though the initial notice talked of retaining a reserve of only £100k out of £39m so I can't see why the rest can't be distributed sooner than that. We have not actually had news that the last four policies have been transferred, though their transfer was expected to be shortly after the last announcement on 8 December. Perhaps that's why only 52p has been credited. I would be interested to know the experience of other shareholders with different brokers. As I say, I have 52p cash from my TDW holding but not from my selftrade one.|
|The answer to that is this is the first payment so you still have the shares. Probably another 2-3p a share to come but perhaps several months down the line.|
|Curiously, TDW has already credited me with the cash for my shares, but at 52p. Whereas my Selftrade shares are still showing in my account.|
|Well thats it. The fat lady is now clearing her throat - the orchestra is tuned - the conductor is turning to face them.
Its a shame as it had the potential to be so much more.
But all in all a 50% return in 2 years. Hat tip to Wexboy who put me on to this one.
Hope all shareholders enjoy some of it before starting the next dance.|
|"...the net asset value of the US Traded Life Interests Fund at 31 October 2016 was 54.9 pence per share. The associated exchange rate at 31 October was £1/US$1.221."
Although a good proportion of the assets have now been converted into sterling, I'd expect recent conversions to have been at less favourable rates than on 31 October (as I write, the rate is £1=US$1.2419, having been over $1.25 earlier today). Trump's election has somewhat knocked the US dollar (not by as much as some feared, but still...), and it could well be that the proceeds of the remaining US policies don't attract such a good exchange rate either. So I won't be very surprised to see the next NAV announcement down a few points.
That said, I fully expect something comfortably above 54.0p.|
|'In light of shareholders approving the change of investment objective on 10 October 2016 to effect the disposal of the portfolio, the net asset value is now prepared based on the aggregate portfolio sale price of US$43.25 million, plus cash previously held, with provision for an estimate of the Company's future running expenses and the expenses expected to be incurred in the proposed liquidation process.'|
|Now 54.9p of assets to be returned.|
|We should get another RNS today confirming the next lump has been transferred. FX around 1.25. So far so good.|
|The 54p is based on a fx rate of 1.25. Since the announcement and post Trump the rate has for most of the time been below 1.25. Based on the timing of previous transfers of the policies I would expect another announcement tomorrow of another lump of policies. 54p looks pretty well nailed on to me.|
|With over 50% of proceeds still to come and be exchanged to £, the 54p must be hostage to the post-Trump $ ex-rate?|
|The forecast has now been raised by the company to 54p.|
|Hmm not that uncommon I try to track all Weiss trades (and post them, when I get round to it) on the WAM thread. Worth a look if you like liquidation arbitrage.|
|Curious to see Weiss increase with the end so close at hand.|