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Real-Time news about Dhir India (London Stock Exchange): 0 recent articles
|wexboy: Thanks guys, I think I can safely assume some of the readers/contributors here helped to make Dhir my top blog post in 2011:
The endgame for Dhir (well, this time 'round!) was pretty much over yesterday with Acorn confirming a 93.1% acceptance rate of its GBP 42p Cash Offer, which is now declared unconditional in all respects. Needless to say, I was one of the acceptees. Settlement of the Offer consideration will occur on Jan 25th.
At this point, I think it's safe to say this investment will return a gross +162.5% since my recommendation in November.
Acorn continues to repeat that they intend to maintain Dhir's AIM listing. Surely Alok Dhir's not arrogant enough to think he can return to the market for funds in due course?! When you consider Dhir India's investments, and some of the other companies Alok Dhir deals with professionally, I think it's more likely he hopes to reverse an Indian business into the Dhir listing in the next couple of years. Eyeballing the average annual listing costs, I think this commitment is probably a sensible enough investment for him.
OK, time to move on - but it will be interesting to keep an eye out to see if the listing does survive, and how the share price/volume will develop from here.
|hugepants: Tilton I reckon you are probably correct as regards Cygnet has not completed. However I'm a bit disappointd there has been no RNS, especially since the share price has totally collapsed! I mean what are the management thinking.
I think they should just try and sell the whole company to a private company that specialises in this field. The time scales are long and Dhir isn't suited to being a plc imo. There must be larger vehicles in this field that would regard Dhir as a tasty snack.|
|hugepants: Well the interims are this month. Hoping for a positive update on the Cygnet disposal (basically land & buildings) with £12M agreed at public auction. The current share price would suggest this has not completed for whatever reason. However if it does then 16p will be a distant memory! dyor|
|moreforus: lol now this is what we need
Athol Gold & Value
Statement re Share Price Movement
RNS Number : 2215T
Athol Gold and Value Limited
02 December 2011
02 December 2011
ATHOL GOLD AND VALUE LIMITED
("Athol" or the "Company")
Statement Re Share Price Movement
The Board of Athol notes the recent decline in its share price. It is unaware of any reason for the share price movement and notes that the shares trade at a steep discount to Net Asset Value.
The Directors are in negotiations to conclude two transactions which will materially increase funds under management and which, if concluded, will be executed at a price materially in excess of the current share price.
The Directors will keep investors informed of developments.
For further information contact:|
|pugugly: No rns on change of significant share holdings - OK I know (think) the obligation is on the vendor to advise the company and the exchange BUT given the apparent selling I would have thought (assuming the seller originally held more than 3% which I understand is the trigger point above which changes of more than 1% in the holding muct be notified) is that there would have been a trigger event.
Also Investment manager given notice in May cannot be helping -
The fact that no rns on share price movement is worrying as the message that it gives is that there may be a reason.
"As Dhir India Investments plc is not incorporated in the UK the rights of shareholders may be different from the rights of the shareholders of a UK incorporated Company."
Does anyone know if it has to comply with AIM regulations in respects of notification of changes in significant shareholdings ?|
|hugepants: The current share price suggests the portfolio is worth jack. That doesn't tie in with the agreed sale reported in the last results of one of the investments for £12M (approx 70p per share). I think the company should make a statement.|
|hugepants: Share price looks completely nuts here IMO. Got a few more last week.|
I just copied that note 6 from the annual report ( now on the website).
I did read that about Lords Chloro Alkali but it only comprises 3p towards the NAV so its pretty much insignificant. They did value it on 3rd May. It may have property and plant supporting the value
"..In determining the valuation of the investment in Lords Choloro Alkali Limited ("LCAL"), the Directors have reviewed the quoted share price in the period from 1 January 2011 to the date of agreement of the valuations by the Directors, 3 May 2011. The Directors have also examined further factors, such as the level of trading of LCAL shares as well as the size of the shareholding, and have determined the value of the investment to be INR25 per share..."|
|daytraders: Amazing how the price changes on this share with so little trading, down 6% today and there was more shares bought today, 1 little sale and 1 buy and the price moves alot, when more good news come the share price will rocket when people scramble for the few shares that are out there.|
|daytraders: envirovision - hope you dont mind but i just added a bit of that to my UPS post.
Bit late in the week i know for a UPS but news only just come out, so will add next week as well.
DHIR 39p ( 38p / 40p )
NAV 125p £5.1 M in cash and interests in five projects, share price was over 90p earlier in year, the Board has decided to seek to accelerate the process of returning value to shareholders, assuming 80% of assets realised cash would be 33p + 73p = £1.06p(but see no reason why we would not get the 100%), so it seems share price is at almost cash and we have with 5 projects in for free, no brainer.|
Dhir India share price data is direct from the London Stock Exchange