Eur.Residual Share Discussion Threads

[zastas] 25/5/2014 15:49

Spec,

Thanks for your commiserations, but luckily no. I haven't had a bust since about 2009. I just think it's all too jolly, especially those overvalued IPOs; I am getting uncomfortable. I am usually (far) too early , so the circus will go on for a while. I just like to be in nothing but cash from time to time.

[spectoacc] 24/5/2014 11:34

Not due to the rest going bust I hope zastas ;)

Been doing a lot of culling here too - moving to Linkers etc.

[zastas] 24/5/2014 10:38

Thanks for noticing it; it had skipped me. Must be another pay-out coming. Soon ERII will be my only share holding left.

[insipiens] 23/5/2014 16:44

getting closer to nav (68.21?)

edited to correct nav based on last fact sheet

[zastas] 13/2/2014 09:54

Rather a disproportionate jump yesterday; the announced divi is less, but good again. It just keeps throwing off cash without much reduction in the asset values, albeit that these as volatile and imprecise to measure.

[davebowler] 03/2/2014 16:08

ERII Cell Position Summary (in € million)
Number of Positions 5
Residual Income Portfolio Valuation (31 December 2013)8 €9.9m
ERII Cell Cash Summary (in € million )
Cash as at 15 January 2014 €1.1m
Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above.
8. This figure contains the Residual Income Positions remaining as at 15 January 2014, but at the pro forma dirty fair value per 31 December 2013.

[holts] 10/1/2014 17:08

Lolly in today , a very lucrative item this has turned out to be.

[davebowler] 19/12/2013 10:51

From fact sheet 15Dec;
ERII Cell Position Summary (in € million)
Number of Positions 5
Residual Income Portfolio Valuation (30 September 2013)8 €10.1m
ERII Cell Cash Summary (in € million )
Cash as at 15 December 2013 €1.7m
Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above.
8. This figure contains the Residual Income Positions remaining as at 15 December 2013, but at the pro forma dirty fair value per 30 September 2013.

[davebowler] 05/12/2013 14:24

ERII Cell Position Summary (in € million)
Number of Positions 5
Residual Income Portfolio Valuation (30 September 2013)8 €10.1m
ERII Cell Cash Summary (in € million )
Cash as at 30 November 2013 €1.6m
Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above.
8. This figure contains the Residual Income Positions remaining as at 30 November 2013, but at the pro forma dirty fair value per 30 September 2013.

[davebowler] 27/11/2013 10:22

ERII Results presentation;
Cell holds the legacy portfolio of residual income assets
•
The GAV of the Cell as at 30 September 2013 was
€
11.4 million
•
Dividend of 4.8 cents per share declared with respect to the ERII shares
16

.
Name
Expected Refinancing/
Maturity Date
Commentary
Magellan 1
December 2020
(refinance)
Portfolio
of
prime
Portuguese
residential
mortgages
originated
between
1997
to
1999
.
Average
LTV 40%

[davebowler] 21/11/2013 13:27

hxxp://www.securitisation.pt/report_files/2013%2009%20Mag1_Investor%20Report.pdf

[davebowler] 21/11/2013 11:34

ERII Cell Position Summary (in € million)
Number of Positions 5
Residual Income Portfolio Valuation (30 September 2013)8 €10.1m
ERII Cell Cash Summary (in € million )
Cash as at 15 October 2013 €1.2m
Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above.
8. This figure contains the Residual Income Positions remaining as at 31 October 2013, but at the pro forma dirty fair value per 30 September 2013.

[insipiens] 02/10/2013 15:01

Dave, you're suggesting another redemption may be forth coming?

[davebowler] 02/10/2013 13:39

ERII Cell Position Summary (in € million)
Number of Positions 5
Residual Income Portfolio Valuation (30 June 2013)8 €10.8m
ERII Cell Cash Summary (in € million )
Cash as at 30 September 2013 €1.2m
Source: Cheyne Capital. Unaudited. Valuation of the Residual Income Portfolio may change, possibly materially, on the next reporting date. The NAV at the next reporting date may be materially different from the valuation implied above.
8.This figure contains the Residual Income Positions remaining as at 30 September 2013, but at the pro forma dirty fair value per 30 June 2013. This figure has been reduced by EUR 0.4 million from its 30 June 2013 pro forma fair value following cash received from a partial repayment on one of its positions.

[zastas] 20/9/2013 18:25

Many thanks, now I do not need to talk/email. Interesting difference between brokers though; Holts should be pleased.

[insipiens] 20/9/2013 15:04

spoke to tdw - close of play Monday for the credit to a/c

[zastas] 20/9/2013 13:02

No sign yet. Selftrade-NWSB/TDW: 3-0

[insipiens] 19/9/2013 12:34

Still waiting on tdw, unsurprisingly. may call them later....

[zastas] 19/9/2013 11:58

Fair enough. For small amounts not worth it, but then you/we have to expect retail prices, not wholesale ones for conversions.

Well, Holts ( and others), there are advantages of having Selftrade: I assume you have already 2 days the cash- albeit in GBP - in your account but I am still waiting with my NatWest one, still not visible at this moment. I am not worried though . it will turn up again as before.

I used to have an account with Self, or more precisely their predecessors, Comdirect, then Squaregain, and then Selftrade. I loved their (=Comdirect) admin, and the liquidity of illiquid bits , such as the splits.....the good old days! But I left when I found the limitations with their exclusive RSP dealing, leaving orders stranded when the RSPs could and can just turn down the NMS. And single currency only ofcourse.

[holts] 18/9/2013 18:22

Don't have enough coming in in Euros to justify , thanks for the idea though, if they used the credit card wholesale rate it would be better.

[zastas] 18/9/2013 16:26

Move to a broker which as multi-currency cash accounts. Such as TDW or NatWest.No conversions unless requested.

[holts] 18/9/2013 15:57

crooks at selftrade have settled at 1.2140 exchange rate

[horndean eagle] 15/8/2013 14:30

What is the current NAV here?

[zastas] 15/8/2013 14:25

More distribution of money announced on 13/8/13 with compulsory partial redemption.

[cerrito] 05/8/2013 08:24

see that in this morning's announcement of portfolio for July 31 of the residual income portfolio valuation the valuation as at June 30 dirty value is now E13m compared to the valuation as at March 31 of E14.3m; given that cash remain at E1.1m I assume something has happened to their portfolio that has caused them to reduce the values of their holding.