|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
|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.|
|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.|