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Alternative Asset Opps Pcc Share Discussion Threads
Showing 201 to 225 of 225 messages
|Wexboy update today:
"With most of the consideration now in escrow & a successful EGM approval, the company will shortly propose a wind-up to yield an estimated GBP 54.4p per share capital return (reflecting a 1.2191 GBP/USD rate) for shareholders. "|
|Many thanks. I just top sliced a few at 52, to mitigate fx and other risks. Spoke to the company today - expecting RNS tomorrow with the timeline for liquidation EGM etc. First payout by liquidator sounds like early Jan.|
|It was a tweet, so very brief!
Alternative Asset Opportunities $TLI:LN sale of portfolio approved: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TLI/12995652.html … I now estimate a 53.6p wind-down NAV...|
|Hi - do you have a link (or can copy/paste) Wexboy comment plse?
Am wondering if he has deducted the 1.2p transaction and winding up costs.
A straight translation of the RNSed approx 51p gives 53.9p shareholder return at today's ex rate of 1.23 (vs 1.3 assumed in RNS). Actual depends how much of current cash is already in £, vs how much of the expenses are in £.|
|Approved - as if there was any doubt
Wexboy suggests 53.6p NAV|
|We can add another penny to my last post now.|
|Current fx rates add about 1p to the 51 at the moment. Of course, that can change....positive as well as negative.|
|lol! I'll settle for 51p in any case, though. Not quite a good as outcome as hoped for but it frees some cash.|
|Bloody typical now the policies have been transferred they start dropping like flies :-)
New owners more proactive! :-0
|I bought in Oct 13 and Apr 14 (at an average of 38.85p) so could have been worse, especially when the COI issues arose - would have been easy to sell at a loss then.
I liked the lack of correlation with the stock market TLI exhibited along with the slightly morbid glee when a policy came to fruition :-)|
|Well I bought for 40.67p in Nov 12 and have had 4p back so it would be 25% - 40% in 4 yrs. Probably the right thing in the circumstances but a bit disappointing on what I'd hoped.|
|Liquidation to follow. Estimated range 47-53. In the circumstances (ie higher COI) I am happy with that.|
|B-shares schemes are still ok for offshore companies - LXB being a recent example.|
|I would imagine, if the issue of B shares is involved, that costs would be broadly similar to DREF. They always state the cost which is minimal.|
|Sky - it looks as if this info isn't publicly available. Try asking the BOD perhaps? (Though you might find some very general pointers at Note 5 to the Dec 2014 six-monthly interim accounts.)
I stand to be corrected, but I believe -
-- that the 2p distribution was done via a part conversion to B shares which were then cancelled;
-- that so-called "B-share" schemes have since been stamped on by Osborne, so that the value received is now treated as a dividend and the capital gains regime is not in point. What I don't know is whether that applies only to UK companies, or also to offshore ones. But I suspect that, should they want to make another payout, they might want to think of a different way. In which case the costs of the 2014 exercise wouldn't be relevant anyway.|
|IS - thnx, but only looking for the costs involved in the transaction - not the cost of the 2p/share payout.|
|The cost of a 2p distribution was £1.44m.
Also annual premiums are c£6m which could fund another 2p and leave them with sufficient premiums for 12 months.
Personally I would prefer a share buyback to close the discount and leverage the NAV performance.|
|The costs are very low because there are only about 150 shareholders.|
|NAV now over 52p with cash of nearly £7.5m once the latest maturity pays out.
and don't forget
"winter is coming . . . . "|
|Hi - can anyone help?
I'm trying to find the cost to the Company of making the occasional capital repayments.
The last one was of 2p back in Jun'14; but so far unable to find reference to the cost - other than the basic 2p/share of course - just the costs. £10k, £15k, £20k maybe...|
"The expected acceleration in maturities" has been expected for years and hasn't happened. Why should it happen now?
Why ever not ? is much harder to explain ;-> !!
|They had an average age of 91 last year but, as usual, fewer than expected maturities|
|Because the insured now have an average age of 92! They are though showing every sign of having discovered eternal life!!|
|"The expected acceleration in maturities" has been expected for years and hasn't happened. Why should it happen now?|
|Welcome RNS - Nav now 51.1 which includes some of the increased costs. I think we can make a similar assumption for the others and reduce NAV to 50p. Discount is 20%. Anyone who bought at recent lows will be very pleased.
Exchange rate movements was the most significant impact. I am not expecting lots more from this but their may be a bit more.
Now we just need the expected acceleration in maturities to turbo charge NAV.
Great hedge in this climate.|