|HG Capital Sub
||SUB SHS 1P
||EPS - Basic
||Market Cap (m)
HG Capital Sub Share Discussion Threads
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The Board has today sent to holders of redeemable subscription shares of 1p each in the Company (the "Subscription Shares") a circular (the "Circular"):
(i) reminding them that they have the right ("Subscription Right") (but not the obligation) to subscribe in cash for ordinary shares of 25p each in the Company (the "Ordinary Shares") on 31 May 2013 (the "Final Subscription Date") at 1025p per share (the "Subscription Price");|
|Yes, for a change, people started to buy rather than all sales.|
|some movement today ?|
|actually NAV is 1259.8 after the latest RNS.|
|Results today show fully diluted NAV of HGT on 28th February as 1255p, share
price 1166-1169, 144p above conversion price of 1025p of Subscription Shares until 31st May.
Subscription Shares languish at 121-123.25, geared 9.48 times.|
|Happy to be part of the "ghost town" to communicate that,
despite sellers now waking up to the sharp rise in HGT but
in smaller quantities than the avid buyers this morning,
buy price is 1145p, which in the strong market following
the significant breach of the 14000 resistance on Wall Street,
merits at least a 5% premium on the "convertion" price on 120p,
taking a "middle of the road" buy price of 128p against 112.75p.
HGT 2012 results due March 8th.|
|small tick up ?|
|Only 7 weeks 'time' left for the Oct. 950 ex. price.
However, there's a good case for a re-rating of the u/l which should drive the sub. pro-rata.|
|That`some drop this week!!!!|
|That's some drop today!|
|MMs asleep this morning ? Very cheap after those NAV figures. Picked up another 9K.|
|That is now 2 investment that have been sold well ahead of June valuations (33% & 50%). Bodes well for the year end valuation hopefully.|
|Really motoring today could`nt resist buying given the company`s excellent performance.
Much more to come I think.|
|HG Capital Subscription shares give the holder the right to buy one HG Capital share at 950p on 31 May or 31 October in 2011 and 2012, or at 1,025p if exercised on 31 May 2013.
The Company gives investors access to a private equity portfolio run by an
experienced and well-resourced Manager that makes investments in fast growing
companies over a number of geographies and sectors.
The objective of the Company is to provide shareholders with long-term capital
appreciation in excess of the FTSE All-Share Index by investing in unquoted
companies. The Company provides investors with exposure to a diversified
portfolio of private equity investments primarily in the UK and Continental
Prospectus - http://www.hgcapitaltrust.com/2010
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