Eaglet Share Discussion Threads

[tooredtobleed] 02/9/2005 16:40

should have kept my mouth shut, spread has expanded but twenty percent discount to NAV should see some upside before the next set of results.

[scotswhaehae] 02/9/2005 09:41

Looking good!!

[tooredtobleed] 30/8/2005 12:58

seems to have a very narrow buy/sell spread at the moment and plenty of upside based on NAV

[tole] 26/8/2005 08:39

Came across this from citywire today - and I see a few here already. (If still in it) Looks promising.



A snippet -

"Eaglet holds nearly 60% of its funds in ten shares (see www.unicornam.com for further information), which looks a fair balance to achieve focus yet limit risk. I believe any investor needs very sound reasons to overweight classic cyclicals, also to challenge oneself as to why a share should be retained when the story changes adversely. If stop losses seem crude, a mental sense to cut losers still helps."

"The beauty of smaller companies is that despite inevitable mistakes (investors must try to recognise early) there is potential to make multiples of your money. The trading balance and awareness required is a walk along a tightrope!"

"Eaglet's portfolio turnover is low, which I respect with the caveat that no investor can be complacent about any underperforming share."

"It is possible that bid activity benefits Eaglet's holdings, for example consolidation is expected among recruiters. My case for the trust's shares as a medium to long-term investment is however based on the odds that heavy losers are dealt with, the portfolio looks well-placed and trades at a discount. Management is substantially invested in the trust, has learned its lessons, and there is additional value from an experienced pro-active approach."

Heres the top ten from 31st July - since I was having a look.

1 NSB Retail Systems 7.7%
2 Harvey Nash 7.3%
3 Robert Walters 7.0%
4 Solitaire 6.5%
5 Deltron Electronics 6.0%
6 Mears 5.0%
7 Compel 5.0%
8 Volex 4.7%
9 Thomson Intermedia 4.1%
10 Systems Union 4.1%

[scotswhaehae] 22/8/2005 11:44

Harvey Nash going well...and important to Eaglet...

Could also be significant for Whitehead Mann...

Just a thought!

EIN now looking a great prospect imho...

Good luck all!

[cockneyrebel] 29/7/2005 12:38

fund valuation Monday - should benefit from WOC rise in July on bid news.

Next month should benefit from WHI's great results today - should go a lot higher when seller clears off imo.

15% discount to NAV unjustified when the SMX is breaking out to new highs imo.

CR

[cockneyrebel] 28/7/2005 14:21

Small Cap Index making a new high - making EIN's discount to NAV look even more attractive imo.

Trading 15% discount to NAV, is that justified when Small Caps are rising at a rate of 3% in 3 weeks?

Portfolio and valuation update on Monday from Eaglet

CR

[cockneyrebel] 14/7/2005 20:21

I think he has a lot of undervalued stocks in his holding frances2.

The fund now trades at 16% below NAV. He holds 5% of WOC which has risen 30% in past few days after bid talks.

His top 10 holdings are:

Mears Group Ordinary

Harvey Nash Group Ordinary

Robert Walters Ordinary

NSB Retail Systems Ordinary

Solitaire Group Ordinary

Deltron Electronics Ordinary

Compel Group Ordinary

Imprint Ordinary

Thomson Intermedia Ordinary

Volex Group Ordinary

----------------

He's holding a lot of recruitment stocks which are all reporting strong business.

He has 7% of WHI - results this month - they have already said sales will be up 30%+ and profits significantly higher.

WOC is the first to get bid for lately - he's renown for having his stocks bid for and as lots of them are looking so cheap it loks and even cheaper way into those stocks, and a way to get AIM stocks in your ISA.

I bought back in today.

CR

[frances2] 17/6/2005 09:44

looks readyu to bounce, last mm on offer
need webby to buy some

[scotswhaehae] 31/5/2005 11:09

Begining to look promising again! Move through to 300p plus ....?

[rambutan2] 27/5/2005 16:24

well, that will depend on how the port does!

[markth] 27/5/2005 14:45

Discount is the harbinger of upwards price action on a small, illiquid IT like this one.

Eaglet's share price has underperformed the Smaller Companies Index by about 30% or so in the last 12 months. The discount during the last three years has widened by about the same amount from +10% premium to -20% discount. Currently discount is at a historic low and once Nav starts to tick up, it is likely that the discount effect will gear the rise and cause the share price to be corrected.

I still think 4.00 is not too far fetched but realistically we might see 3.50 by Christmas.

[slogsweep] 27/5/2005 13:02

300 surely its 260 now!

[scotswhaehae] 27/5/2005 11:37

There is indeed institutional interest on a NAV discount basis...small companies have taken a hammering recently and EIN is well placed as a vehicle to enjoy the deserved rebound...

Over 200p again before long imho...

[samg99] 27/5/2005 11:04

Wouldn't want to be short of this one at present.....

Only bought this recently - had cut it off my list because it only had 4 MMs, all quoting 10p spreads, a year back. Now it has 7 MMs and spreads mostly in 7p (one in 6p) it's a lot more attractive. Does anyone know when the extra MMs and tighter spreads occurred?

[markth] 12/5/2005 15:01

about as likely as my 400p.....

[frances2] 11/5/2005 20:33

120p target

[drbeat] 18/4/2005 14:05

any chance of getting these down to 180p

[scotswhaehae] 07/4/2005 11:42

Nice start to the thread!

[scotswhaehae] 07/4/2005 08:44

Added chart thread to what looks a very interesting investment...

[markth] 16/2/2005 09:09

Four quid by May. Then I shall sell and go away ;-)

[scotswhaehae] 16/2/2005 08:37

Director buying...and NAV discount = a lot more to go for!

[markth] 12/1/2005 09:59

High discount to NAV, big rise in NAV since August, largely overlooked by the market and now starting to play catch-up with recent small price moves.

And it is in all the right stocks; for example Harvey Nash is 10% of the trust, and look what it's share price has done since the summer.