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Alternative Liq Share Discussion Threads
Showing 51 to 75 of 75 messages
|Interim results out today.
NAV of 75 cents. That's after returning 7.5 cents to shareholders over the course of the year. Discount to NAV is 78%.
They say they will make a further return of cash once they make another disposal. However they have net cash of about $7M (4.5 cents) so not sure why they cannot make an immediate distribution of 1-2 cents?|
|Hmm, do you think I'll get another chance?|
|The November fact-sheet is on the website. They seem to put them online on a couple of months delay. NAV of 76 cents with 2 of the smaller positions increasing in value by $1 million. NAV holding up very well so far which bodes well.
|I'd say so. The whole point of this company is to liquidate the assets and return cash to shareholders so yes, we should expect them shortly to return the $2.5M (1.7c) they recently received.|
|I can't work this one out at all! Are we expecting another redistribution?|
|Missed my chance there to get in?|
|we're probably due a monthly fact-sheet.|
|Perky here today, any news?|
|yeah this really needs to be renamed the Alternative ILLIQUIDITY Fund.|
|That will be why the price went up...|
|Bought a few more of these today.|
|No worries. No legal obligation!|
I certainly did not advise you to buy gfir or anything else.|
|You have phone Hargreaves. 50 quid commission.|
|Took your advice and went for both gfir, and also argo for a punt... Headline spread not as bad as they make out by the way!|
|Oh. I see. It's 15 cents to buy. Hargreaves won't let me buy it online...|
|There was a disposal of $2.5M (1.7 cents per share) announced late friday.
So on the basis any disposal at NAV is significant here then I've been buying back a few of these. I'd expect another 1.5 cents returned early next year.|
|? Have they got their decimal point in the wrong place? Do the mean US cents not dollars|
|If you got 7.5 cents in distributions, how come you only made 50%?|
|zcaprd77 Dec '16 - 10:53 - 29 of 30 0 0
Am I missing something stupid. It's not even a penny share, but it's worth say 60p a share?
It's worth checking out GFIR also. They have some of the same investments as ALF and they have put a timetable of 3-5 years before they anticipate any material realisations. They have also written down the book value of their Vision funds by 65%. ALF have not done this and their Vision Funds investments comprise 35% of the NAV. Still I'm pretty sure you'll make money buying at this price, just not sure when.|
|I guess Brazil and Ukraine aren't exactly flavour of the month, but hey, they returned some money?|
|Am I missing something stupid. It's not even a penny share, but it's worth say 60p a share?|
|Well played Sir. Nav was around 80 cents a share though?|
|There's been 2 distributions of 7.5 cents in total since I bought in August. I've made a stonking 50% profit in 3-4 months so I've sold out. Don't want to tempt fate by holding on. The shares still trade at a massive discount if you believe the NAV. I don't but even if you write the NAV down by 50% the shares look cheap. The concern is , given the illiquidity of the assets, you just don't know when they will be able to realise more assets and be able to distribute more cash. It could be next week or alternatively years away.|
|Yes. It keeps dropping. Where is a good entry point do you think?|