Share Name Share Symbol Market Type Share ISIN Share Description
M&g Equity Inv Tst LSE:MEQC London Ordinary Share GB0005511661 CAP SHS 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.425p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -34.6 0.0 - 6.24

M&G Equity Share Discussion Threads

Showing 151 to 174 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
04/3/2011
12:35
And the definite result is .... Capital shareholders get 0p! OK I made a loss, but I sold out about 4 or 5 weeks ago at 0.4p. Something was better than nothing. Details in :- http://www.advfn.com/p.php?pid=nmona&article=46735113&symbol=meqi
lizzie ii
22/2/2011
19:12
Robizm, yes I agree the caps will most likely be wiped out. Did you notice that incs' NAV was 0.1p yesterday but 0p today? Is this because the zeros' liabililty of yesterday was fully covered & the residue was assigned to the incs? I too have been investing in splits for years but still can't understand why there is such a big difference (£2m) between the two published NAVs.
mangal
22/2/2011
18:34
it is income and costs etc but 2 million seems high. these caps need a miricale to be honest
robizm
21/2/2011
17:48
NAV keeps creeping up despite the markets falling! Interesting to see that they have included the portfolio breakdown in the NAV announcement today. With only two weeks to go, the u/l is still 65% in equities. At least that gives the portfolio a chance to perform should the markets rise. Robizm, since you are an expert on splits you may be able throw some light on why there is a difference between the two NAVs published daily. eg Today's NAV is £171.5m and the NAV of zeros is 98.25p(£169.43m). So, how does one account for the difference of £2m? Surely, that can't all be management expenses? Is there still a loan outstanding?
mangal
18/2/2011
20:50
I have been investing in splits for years and trust me the current nav is 98.15p which is why capital shares are currently worthless. read the rules and you will know i am right
robizm
18/2/2011
08:34
The current NAV of zeros is NOT relevant; it is only their final liability, 172.45m, that is relevant when working out how much growth is needed. c post 142.
mangal
18/2/2011
07:32
of course nav of zeros is relevant as stated in my post they sill need more growth
robizm
17/2/2011
23:09
The zeros' NAV of 98.19p is irrelevant, I think, as that is based on their value "From 31.00 GBp on 08 Mar 1996 increasing at 8.19% p.a., 12 times p.a. to 100.00 GBp on 08 Mar 2011". The relevant figure for current assets is the "net asset value at 12:00 noon today", ie £171.4m. Apprx required rise in Footsie = 0.82% of 6087 = ~50 points If the current market trend continues then the ~50 points rise might just be possible but for the caps that might not be enough as the u/l assets need to be fully invested, which I don't think they are.
mangal
17/2/2011
22:55
todaysp rns say zeros nav is 98.19p so they still need 1.8p x 172.5 million = £3 million to break even and another 1.725 million for caps to be worth 1p. you are missing out fund manager costs etc so more than 1.4 mill is needed. we need 100 points on the footsie imho to make it, i hope they do but i dont think it will happen.
robizm
17/2/2011
22:47
Assets assuming all revenue_reserves have been paid out = £171.4m liabilities: Zeros = £172.45m Incs = £0.172m wind_up_costs = £0.2m say Total liabilties = £172.8 deficit now= 171.4 - 172.8 = £1.4m % rise to clear the deficit= 1.4/171.4 * 100 = 0.82% Can the assets rise £1.4m(0.8%) within the next couple of weeks?
mangal
17/2/2011
19:51
Nav of zeros (yesterday) was 97.5 approx. multiply 172,500,000 = 4.25 million approx and need another 1.72 million for caps to be worth 1p
robizm
17/2/2011
14:01
RIBIZM, how did u get the figure of £5m?
mangal
17/2/2011
13:45
this still needs £5 million increse in assets for the capital shares to be worth anything though
robizm
17/2/2011
11:19
So the revenue_reserve(0.46p) will be paid out soon(ex-date today). http://www.advfn.com/p.php?pid=nmona&article=46507013&symbol=meqi
mangal
15/2/2011
11:23
Well, nothing wrong with punting as long as u don't mind getting soaked occasionally.
mangal
15/2/2011
10:54
Whoever bought in this morning must think we both have.
zutalors
14/2/2011
21:17
c post 132. have I missed anything?
mangal
14/2/2011
19:17
I get : Assets 170.8 million Liabilities 172 Reveune Reserve -1.2 Show me what I've missed
zutalors
14/2/2011
18:41
Assets = £171.3 - 0.8 = 170.5m %rise required ~1.1%
mangal
13/2/2011
19:54
Is revenue_reserve = 0.47p * 172,000,000 = £0.8m ? So, assets = 170.8 - 0.8 = £170m liabilities: Zeros = £172m Incs = £0.172m wind_up_costs = £0.2m say Total liabilties = £172.4 So % rise required = 172.4/170-1 * 100 = ~1.4% Is that possible within 2-3 weeks if most of the portfolio has been liquidated?
mangal
13/2/2011
16:18
Isn't the answer to that in the latest daily RNS? As per :- http://www.advfn.com/p.php?pid=nmona&article=46420179&symbol=MEQI
lizzie ii
12/2/2011
16:53
NAv down by £1m yesterday; probably the div payment. Wonder how much revenue reserve is left now.
mangal
09/2/2011
20:04
NAV keeps creeping up; now £171.8m For caps to finish positive, assets need to rise by: £0.37m + revenue_reserve + wind_up_costs
mangal
09/2/2011
08:41
OK, point taken. does anyone know what the current revenue reserves are?
mangal
Chat Pages: 7  6  5  4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20161205 18:42:28