||EPS - Basic
||Market Cap (m)
EF Realisation Share Discussion Threads
Showing 176 to 196 of 200 messages
|Thanks SpectoAcc for the MM direction here.|
|...Some of which are worth nothing ;)
Personally, I'm just a bit wary that Lonestar is a play on the oil price ($40 or $70 would make a massive difference) & that the majority of EFR is Lonestar.
Still - I'm in, & reasonably big, with fingers crossed.|
|The recent fund raising by lonestar seems to have put a base value on EFR.
If EFR had exited in the placing at $5.75 it would have realised about 36p/share to EFR holders, leaving the residual holdings in for nothing.|
|Lonestar still debt-heavy but a lot more secure after recent capital-raise. I worry slightly that EFR reckon Lonestar worth at least double current price, that they're setting themselves up to not take less, and that they'll end up with fire sale when they bump against the 2 year lifespan of co.
Or they could have another reconstruction!
Selftrade not bad for me - WINS the MM to get them to speak to.|
|Care to share the name of the broker as mine has been quite unsuccessful getting any (IG Index)?
GBP/USD... I think some are shorting lonestar on NASDAQ|
|You buy about a month ago. ;)
GBP/USD (& everything else!) only relevant if/when they realise value (ie flog Lonestar, mainly).
Edit - the non-facetious answer - call broker. I got well inside by leaving an order. Has been weeks of small sellers flogging their allocations from the ECWO reconstruction, though they do seem to have dried up a bit now. (& before I sound too clever - think I paid higher than current offer for one lot, & failed to buy at the recent bottom).|
|How do you get size in this investment?|
|GBP down is a good reason for EFR to go up|
|Nice tick-up on the bid but can't see any reason for it - Lonestar its usual poor self?|
|Woodfuels uk holdco is showing as dissolved on the companies house website, so EFR only has 7 holdings to dispose.|
|Menhaden are terribly illiquid (/sh*te), hope they can find a buyer for them.
Water rights are interesting but I've not the first clue how to value them - hopefully EFR have more idea :)
Edit - just to qualify my off-the-cuff comment on Menhaden (former shareholder), this is their Standardised Discreet Performance table (hasn't formatted) - since inception, NAV -10%, index +28.8%, leading to share price -33%:
1 month YTD 1 Year Since Inception* NAV +2.2 +4.3 +4.3 -10.4 Share Price +1.3 -13.8 -13.8 -33.6 Index ^ +3.5 +28.2 +28.2 +28.8
|What are the "water rights" mentioned in the monthly statement?|
|Lonestar holding up, EFR finally showing signs of life, but all reliant on them disposing of Lonestar and as yet no sign of that.
Didn't add at the lows, got more than enough already.|
|Yep all valid possibilities.
Weiss have publicly stated they do not currency hedge although if you can buy us$ at 40% off with crude oil and stirling currency kickers why not?|
|Wonder if they're simultaneously short Lonestar? Just a thought - would be a great trade! (Unless, of course, EFR couldn't sell the Lonestar stake for love nor money. Or they sold it only at a massive discount).|
|Weiss are US based. The CFD (in the RNS) for 1.74% of the company also impressed me:)
And the discount still... 40%! ?|
|Had a few shares that Weiss have taken a position in to me it's a positive.|
|Happy New Year.
Belated noticed that Weiss Asset Management now hold 19.22%!
I'track Weiss (an active value investor and arbitrager) on the "Tracking the Arbitrageurs" BB.
|In fairness the main holding is Lonestar and its price is calculated as a 5 day volume weighted average price, so they would probably have used a figure of about 6.5 against the 7.7 it is now,i.e. up 20% on about 2/3 of the holdings.e|
|Me too but not in size. The good news is someone has taken all Artemis's stock!
Edit: Doh looks like a technical things it's still owned by Artemis just a "spin-off" business. They've got more faith than I gave them credit for....|
|Can't blame them - NAV sinking, Lonestar kept alive but only with dilutory share issue.
I'm still in, & pretty big, but haven't added in a while.|