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Mithras Inv.Tst Share Discussion Threads
Showing 201 to 225 of 225 messages
|Sky, I do hope not. We are only just hitting the sweet spot in nav per share uplift. Fewer shares means greater returns, much greater, as the younger part of the port matures. Remember, Pomona, which is the obvious buyer of MTH, only bought its 50% stake in the underlying in july 15. It wasn't buying into a tail. imho
|By Dunedin Enterprise perhaps? ;-)|
|IMS out. Doesn't reveal much other than their holding in AdvancePierre has been reduced and the cash balance as at 30th Sept'16 now up to £4.1m.
It does occur to me that with Net Assets now below £30m; and possibly destined to reduce further to c£22m after the next Tender; might the Board now not be receptive to a takeover as a sure way of completing the task in hand.|
|RAM - great stuff.
Incidentally, after yr 200p f/c now c 5yrs ago, that 250p has to be a given in my book!
|Has also been talk earlier this year of sale of Cyanco, which third largest stake:
|PAI V has still got five or six cos and good potential for write ups:
|And fifth largest in port could also soon be a leaver:
That would leave Riverside III nearly dry:
|Hi Sky, yes hits the 200! Has to be plenty more growth in the nav though, with a fair wind, 250 doesn't look outrageous.
Fourth largest holding at 30 June has been sold, by CVC V, don't know if at premium:
|Last year the bald statemnent of ther 30th September NAV was issued on 22nd October; followed by a detailed IMS on 4th November.
So, expect an IMS within the next fortnight which will shed some light on that great NAV result.
I may be being over-optimistic hoping for a December Tender. Really depends upon when they cash in their Advance Pierre holding. A Tender announcement with the March Finals would be just as welcome!|
Yes indeed - once again Skyship's alerts have been invaluable to those looking to top up :-) But the effect is much the same in the end...|
|westcountryboy - sry - you are right - its not tracking nav upwards
|Just below the chart in the Header above...|
|I can see it on the HL RNS feed but is is still not coming up on investegate…..|
where are you seeing that announcement? It's not on Investegate and I can't see it on MTH's own website.
|WOW - today's NAV statement from MTH surpassed my very best expectations; and in doing so fulfilled a long held conviction that the NAV here would surpass 200p (thnx to Rambutan on the ADVFN "PE" thread).
The increased offer price of 175.5p (as I type) should still look pretty good value in December, when, as I expect, they announce their next Tender.
25 October 2016
MITHRAS INVESTMENT TRUST PLC (the "Company")
Net Asset Value
As at close of business on 30 September 2016, the unaudited Net Asset Value per Ordinary 2p share of the Company was 206.3 pence.|
|Not really - it's responding to buys from those of us alerted to top up by Skyship on the PE thread :-)|
|Tracking nav upwards|
|APFH strengthening again:
free stock charts from uk.advfn.com|
|APFH hit $26.50 last night before closing just below $26. I estimate every $1 gain adds another 1.16p to our NAV...|
|At 30th Jun'16 our NAV was reported as 185.2p. Since then the £Sterling has slumped another 2%; but better yet, AdvancePierre has moved from its recent IPO price of $21, up to $25.
AP was valued at £2.72m in Dec'15; and £3.00m in Jun'16. There is no mention of whether that valuation was at $18, $19, $20 or the full IPO level at $21.
If we value conservatively at $21, then the uplift adds another 4.8p to our NAV and AP is now worth c29p/share.
So, if MTH sell their holding at this level, we could be looking at £2.3m + £3.6m in CASH, sufficient to fund a 22% Tender @ 185p - a very pleasant 12% upside to the current offer price of 165p...|
|"Still, looks to me to be on track for a Winter'16 Tender..."
& even if only @ 180p, that would be at a 16% premium to the true 155p bid; or an 11% premium to the true 162p offer.|
|RAM - thnx for yr two links above - would have thanked sooner, but rather pre-occupied with the Grounhog Day over at LMS!
I'm surprised that MTH didn't mention the listing of APFH and its effect on the 30th June valuation. Looks like minimally a 10% uplift there; and of course now the liquidity to dispose of the holding, assuming not done so at the time of the listing.
Also slightly surprised at a "mere" 4.9% uplift in the NAV to 185.2p. Based upon the currency changes I was expecting 190p. Do you have a view on that one?
Still, looks to me to be on track for a Winter'16 Tender...|
|Currently 2nd largest individual holding at 13% of port is recently NYSE listed AFPH.
Whilst largest holding TMF, at 14%, has decided not to sell itself for the time being ie until a good enough offer is made.
|Spot on SKY, and showing steady progress as the harvesting continues.
|Interims due any day now.
For some reason they always announce the Interims & Finals after Market hours; so keep an eye out...|