Share Name Share Symbol Market Type Share ISIN Share Description
Nthn.Investors LSE:NRI London Ordinary Share GB00B08S4K30 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 837.50p 810.00p 865.00p 837.50p 837.50p 837.50p 414.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.0 0.6 12.3 68.1 73.10

Northern Investors Share Discussion Threads

Showing 476 to 499 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
15/11/2016
15:02
NAV/share as at 30th Sept'16 = 728.6p
skyship
01/8/2016
09:55
Wow, a nice buy of £50k's worth of shares gone through at £7.59. Promising.
forensic
20/5/2016
13:27
Hi SBP Each to his own! On the more optimistic side: - of net assets of £17m, £10m is cash - there is a dividend of 24p in the offing - 'It is still our objective that the return of cash to shareholders should be substantially completed by December 2017; our latest review indicates that the further amount to be returned could be in the range from GBP18 million to GBP23 million, making an ultimate total of between GBP95 million and GBP100 million. This is equivalent to between 160% and 170% of the net assets at the start of the realisation process, and implies future cash distributions of between 720 pence and 920 pence for each share now in issue.' - there are only six remaining companies of note, all seemingly rather healthy, and only two of which (Weldex and CGI) are worth less than they cost : Axial Systems Holdings 3,519 Optilan Group 2,747 Cawood Scientific 1,984 Weldex (International) Offshore Holdings 1,921 CGI Group Holdings 819 Lanner Group 730 - as discussed before on this thread, the £5m bonus set off against assets is very unlikely all to be needed
westcountryboy
20/5/2016
13:18
Sold out entirely because of this statement:- "Our orderly realisation strategy has produced excellent results to date, but we recognise that it may be necessary to take a pragmatic approach to the realisable value of some of the remaining investments in order to maintain progress towards the final outcome. " I might have blinked too soon, but this has been a star performer for me and I'd rather exit with a great profit than keep risking for a bit more. Good luck all holders. Best regards SBP
stupidboypike
09/5/2016
09:36
Mildly pleased (at the moment) that I did not tender....
ursus
14/4/2016
20:12
Yes, I ended up selling all mine in the tender. It's been a profitable realisation for me. Looks like there could still be some upside for remaining holders. Not sure I'm tempted to buy in again though. Think that's it for me on this one.
topvest
14/4/2016
08:35
Wonder if news is leaking, we seem to have suddenly burst into life. Offer is 650 this morning. Best regards SBP, Glad I didn't tender any!
stupidboypike
01/4/2016
12:28
From rns The Tender Offer was therefore undersubscribed and in accordance with the terms and conditions of the Tender Offer, the Company has accepted in full all applications made by Eligible Shareholders. 49.05% shares offered in the tender Company wanted to buy and cancel 64.29%
yieldsearch
11/3/2016
09:22
To tender or not to tender? My quick back of envelope calc below assumes that 64.29% of the shares are tendered (may well be wrong as some of the managers are only tendering 50% - will this and other shortfalls be taken up by those who tender up to 100%?) At present the co estimates an end 2017 wind up at 155-170% of opening net assets (£59m) - so take mid point at £95.87m. Call it £95m. Less current nav (ex perf fee) of £81.4m - so £13.6m to come, spread between 1.75m shares is 777p per share. nb - that £13.6m shd be compared with the post tender nav of approx £11.5m (ie 31.5m less 20m tender amount). 777p per share equates over 21 months to a gry of 12.7% pa
ursus
11/3/2016
08:58
WCB, I'm also having problems correlating the level of the managers performance fees but my take on the situation is that the £4.85m is the current estimated (notional) total performance fees based on prior and the current shareholder returns and assuming the remaining companies are sold at their current NAV. The £2.81m is the actual performance fee that will be due after the current return to shareholders and will be paid in May now that the shareholder returns have increased above the payment hurdle. IMO there will be a further estimated £2.04m to be paid in performance fees using current assumptions (but subject to change if amounts returned or timing changes).
cockerhoop
10/3/2016
20:10
I believe there are eight investments left, but only six have value, the largest being Axial Systems, Optilan, Weldex and Cawood Scientific. I have now read the offer document and I note that John Barnsley and the Managers are (almost) all tendering 50% of their holdings rather than the 64.29% they might tender. I can't quite get the sums in the offer document to add up. The value of the eight investments is quoted at £10.9m whereas their previous value at 30 September was only £8.75m, and if that is all gain since September that bodes well - but I am not sure that this is a like-for-like comparison. There is £25.6m cash or near-cash. This makes £36.5m in total assets. However the company's quoted net asset value is £31.46m - but this is after taking off £4.85m for a managers' performance fee which will have to be paid. (That is presumably why the offer is for £20m rather than £25m.) However there is also mention of what seems to be a further £2.81m potential management fee and I am not sure whether this is all extra to the £4.85m and if so how it would be paid. On the other hand there is £1.44m potential deferred income due from investments already sold, presumably most of it from Kitwave. All in all there seem too many imponderables to be able to predict the future of the rump company. It might be wise to follow the managers in tendering 50%. With only £11.1m of net asset value left after the tender offer, each extra £1.1m of value would mean a gain of 10%. However, bearing in mind their large performance fee they will be winners whatever happens!
westcountryboy
07/3/2016
18:55
Rather odd that there's no mention as to where NRI holding has been sold - nothing on Control Risks web site or Twitter, so looks like it's a private sale of the NRI holding only. Will be interested to see which holdings are left - and valuations.
garbetklb
07/3/2016
15:31
7 MARCH 2016 NORTHERN INVESTORS COMPANY PLC PORTFOLIO UPDATE AND PROPOSED TENDER OFFER Northern Investors Company PLC ("Northern Investors") announces the sale of its investment in Control Risks Group Holdings Limited ("Control Risks") for GBP7.30 million in cash. The directors' valuation of the investment in Control Risks for the purposes of calculating Northern Investors' unaudited net asset value as at 31 December 2015, which was announced on 17 February 2016, was GBP7.30 million. Consequently there is no change to the net asset value as a result of the sale. On 2 March 2016 Northern Investors announced the sale of its investment in Kitwave One Limited ("Kitwave") for initial cash proceeds of GBP8.14 million. As previously announced, the directors intend to make a further distribution of funds to shareholders by way of a tender offer. Following the successful realisation of the investments in Kitwave and Control Risks, the directors now envisage that the amount to be distributed will be approximately GBP20 million. It is expected that a circular giving details of the tender offer will be published on 8 March 2016 and that the ensuing re-purchase and cancellation of shares will be completed by 31 March 2016.
spectoacc
02/3/2016
10:45
I'm liking that! 10.6p uplift with a further possible 23p, given NRI's very conservative reporting style I would say that 23p is pretty likely. May well not tender as I did before. Best regards SBP
stupidboypike
02/3/2016
10:13
notice out.. may be that's why someone was keen to buy above the last reported 635.5 Northern Investors has received initial cash proceeds of £8.14 million for its holding of ordinary shares and redeemable loan stock in Kitwave. The directors' valuation of the investment in Kitwave for the purposes of calculating the unaudited net asset value as at 31 December 2015, which was announced on 17 February 2016, was £7.62 million. The uplift in Northern Investors' net assets resulting from the realisation is therefore £0.52 million, equivalent to approximately 10.6 pence per share based on the 4,900,000 shares currently in issue. Northern Investors may, subject to future performance and tax claims, become entitled to receive further sale proceeds of up to £1.13 million over the period to December 2017. These proceeds will be recognised in the financial statements as and when received.
yieldsearch
01/3/2016
18:33
Yes I saw that and vaguely tempted to sell some, but maybe someone knows something, we get a statement in a couple of days so will hang on. Last time the price went up above the tender price within a few days of the tender. Best regards SBP
stupidboypike
01/3/2016
17:20
2500shares traded at 651.. last reported NAV 635.5 .. There must be someone really keen to buy above the NAV, I guess it is not often private equity trust are trading above NAV???
yieldsearch
25/2/2016
23:31
I'm with you WCB, it was striking at the last tender how few shares the directors gave up. I know it's not necessarily your style but you really should post more.
cockerhoop
25/2/2016
22:11
Cheers, Sky... I am always lurking somewhere or other! I am in this until the end, for better or worse - in which I am following the directors!
westcountryboy
25/2/2016
19:21
Nicely done Sky.....foolish me took these off my radar
badtime
25/2/2016
17:44
I went to buy at the time, after your mention, but the price had already moved up to around 545 so didn't. Lol !!! Too timid.
eeza
25/2/2016
17:36
Thnx Eeza - kind of you. Hadn't come across WCB before, or had forgotten! I owe him one.
skyship
25/2/2016
17:17
Well done on that scalp, Sky. Well deserved.
eeza
25/2/2016
16:15
Posted on NRI back on 1st Feb. Thanks to WCB for flagging up the cheap offer as I bought then @ 516p and sold today @ 630p...perhaps too early, but couldn't resist a turn of that order in these difficult times. Thnx again WCB.
skyship
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
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P:30 V: D:20161207 22:13:46