Aurrigo Share Discussion Threads

[badtime] 19/3/2013 11:06

Well the 180k this morning was relatively large

[azalea] 19/3/2013 09:51

where are you seeing the individual trades. How large was the one you speak of.

[badtime] 19/3/2013 09:27

tht large sell was mopped up easily enough

[azalea] 13/3/2013 17:18

Along with SPK and TRE this company will be returning loads of cash to investors in due course.

[azalea] 09/3/2013 09:30

Cracking news -received the first but major net and unconditional payment of £21.6m for the sale of its stake in OSG. Leaving aside a further most likely payment of £2.7m 30 days after the signing off of the 31 Mmarch 2013 year end accounts, share holders are looking at a return of cash per share of £21.6m divided by the 112.5m shares in issue.

[azalea] 08/3/2013 15:00

Volume a paltry 37.6k(all buys), but enough to move the share price up, despite a director standing down and selling his 250k; which I suspect Mr Badar picked up when he bought his 1.1m News of another disposal will take the share price well clear of 40p even before a return of cash is announced.

[praipus] 08/3/2013 14:51

cheapskate:)

[badtime] 08/3/2013 14:42

Nibbled at 38

[badtime] 06/3/2013 21:48

Million bought today....who from?

[azalea] 06/3/2013 17:11

4/3/13 Lars Bader adds 1.1m shares and now holds 8,349,307 = 7.42%. My previous copy of his holding showed 4,429,307 3.78%. So I dont know when he last added in between those holdings to hold 7,249,307. His first holding I recorded was 3,249,307. I make total major holdings = 72.83%

[azalea] 28/2/2013 11:56

No doubt the BoD is already working on how much money to return to investors from the first tranche of money due in March. To that end I expect the payment to be actioned within weeks rather than months.

[azalea] 26/2/2013 14:15

Given that the BoD has begun to honour its Aug 2011 commitment to realise the value in its stakes in 4 companies within two years, it is not unreasonable to expect further disposals by August this year. 70% of shares are held by directors and institutions.

[azalea] 25/2/2013 12:40

S.Thompson update today, concludes:-"In the cicumstances, I believe that a cash return expectation of 45p to shareholders could prove conservative. So, with AURR trading on a 38-39p spread and further disposals likely to be announced in the months ahead, I have no hesitation in keeping the shares on a buy with a further 15% upside on the table".

[azalea] 25/2/2013 10:53

There is another 13 months to achieve the earnout figure which equates to circa 3p a share.

[spectoacc] 25/2/2013 10:16

Fair point @scburbs, but if OSG's not growing that fast & potentially able to turn in numbers like that (£6.3m is EBITDA, not even profit) then the sale price would be eye-watering, even if just $42.6m.

[azalea] 24/2/2013 18:44

The earn out payment is a mere U.S.$5.2m.

[azalea] 22/2/2013 16:51

Keeping to its August 2011 promise to dispose of its 4 investments within 2 years, one down three to go. Two of which(Unistream Bank and Superstoy) are together worth 24.8p a share. "there could even be a cash distribution from the third one - AURR's wholly owned Flexinvest Bank,this is in the books for £13.2M and when the non core mortgage book is sold by the bank, some of the proceeds will be transferred back to AURR". Happy days.

[spectoacc] 22/2/2013 16:23

Making a fair few assumptions, I reckon should be trading at 45p/share.

Previous NAV: c.62p. Assuming no adjustments other than OSG, NAV now c.64p. Assume full consideration eventually received: 27p. Remaining NAV (investments & cash) 37p, apply 50% discount, add back the 27p cash: 45.5p.

Could argue a smaller than 50% discount now management are proving themselves.

[spectoacc] 22/2/2013 16:06

Also:
"..The Board intends to distribute the proceeds of realisations to Aurora Russia shareholders.."

Not sure if we'll get the lot, & might take a while, but entire rest of the co is worth a lot more than 12p IMO.

[davebowler] 22/2/2013 16:00

''The NAV of Aurora Russia's investment in OSG at 30 September 2012 was GBP29.9m and the total purchase price represents 101.3% of this value, equivalent to 27p per Aurora Russia share''

[azalea] 22/2/2013 15:55

Bingo! Another S.Thomsom hit. Entered a sale and purchase agreement with Elbrus Capital relating to OSG records for £30.3m(before transaction costs). RNS 5173Y 22/2/2013