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ORT Ortus Vct

25.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ortus Vct LSE:ORT London Ordinary Share GB0003945101 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ortus Vct Share Discussion Threads

Showing 201 to 224 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
12/12/2012
07:49
badtime - I have sent you a pm re sippdeal. If you have not used before it is the little envelope in the header.
alanji
11/12/2012
19:22
is it .co.uk?..

Ive sent it to .co.uk and .com

:)

badtime
11/12/2012
19:20
of course not. Send it through to me.
tiltonboy
11/12/2012
19:18
ah..i wondered as theree was a sale earlier of 20k at 22.2

Tilts do u mind if i email u about something re the way a stock purchase/tender offer has been handled

badtime
11/12/2012
18:14
No, not me.
tiltonboy
11/12/2012
18:07
Was that u Tilts picking up tht 20k at 22.5
badtime
11/12/2012
12:08
Lol can't even get a online quote
badtime
11/12/2012
12:02
Thnx for reply Tilts ..doubt I'll get them tht cheaply with Sippdeal
badtime
11/12/2012
11:59
Not if you can get them at the bottom end of the spread. News should be forthcoming soon!
tiltonboy
11/12/2012
11:57
Too late to buy?
badtime
06/11/2012
16:16
I have spoken to Ortus, and they confirm their valuation is in line with an offer that has been received for Espresso. The Avanti valuation was at 31st July, so it looks like a timing issue more than anything else.
tiltonboy
06/11/2012
14:32
Cheers tboy.

AVA had this to say in their Annual Report today about Espresso - sounds positive, and their valuation is unchanged year-on-year:



"Espresso

During the year to 31 July 2012, Espresso, the UK's leading educational digital content company achieved its 4th year of profit growth.

Over the past several years Espresso has been taking steps to expand the business outside the UK. Key events include the launch of Espresso in Sweden through a partnership with a leading publisher in that market, the launch of Espresso in the USA and Canada as well as the development of relationships with publishers in Ireland and Germany. All of these initiatives are at various stages of development, with the initial investment into the development of Espresso in Sweden delivering a profit to the business in the latest financial year (July 2012). Given that these investments into the development of subscription based businesses generally take several years to deliver positive margins, management believe that Sweden's positive EBITDA contribution and the positive market reaction to the new services in the USA and Canada bodes well for future years. All this comes against a backdrop of stable revenues and margin improvement of approximately 25% for the core UK business.

As at 30 June 2012, the carrying value of the company's investment in Espresso was £0.4 million (2011 - £0.4 million) equating to 4 pence per share (2011 - 4 pence per share)."

rivaldo
01/11/2012
15:56
riv,

Totally off-topic.

Anything worth sharing will be posted on here.

tiltonboy
01/11/2012
15:27
Anything worth sharing? :o))
rivaldo
01/11/2012
13:30
Alan,

Thanks. Reciprocated via e-mail.

tiltonboy
01/11/2012
11:29
Thanks Tilts. I have sent you a PM.
alanji
01/11/2012
10:57
Alan,

The deal is being done on a NAV to NAV basis, so with MAV4 trading on a discount of 5%, I am hoping that ORT will be the equivalent of 30p.

I picked some up at 20p this morning...but not enough.

tiltonboy
01/11/2012
09:50
Looks like you might get your 30p, Tilts.
Was that a serious comment? Unlike my usual investments, I have not attempted to value this one but I do only have a small shareholding.

alanji
01/11/2012
09:41
rivaldo

I'm onto it, I will feedback if I get an answer.

timbo003
01/11/2012
07:38
Yep, that's excellent news if the merger is to be at 33.4p NAV.

The discrepancy re Espresso is extremely odd. If I was cynical I'd suggest that ORT's downwards valuation was a mechanism for keeping the NAV down. Valuation is of course a subjective exercise, but there does seem something wrong here.

Does anyone have contacts at ORT to get more info about the Espresso valuation as it makes quite a difference?

rivaldo
31/10/2012
18:37
I will happily sell my Ortus at 30p.
tiltonboy
31/10/2012
18:04
Tilton

Indeed a very pleasing development, but slightly marred by a significant mark down in the value some of the legacy portfolio (see interim results, released after the market close). NAV/share down 5.3p to 33.4p

I note that Ortus have down valued Espresso from £2.795M to £1.5M during the last 6 months, despite the upward revaluation of Espresso by ProVen earlier today (see their interim results out today and rivaldo's post above). I'm a bit confused by that, anyone got any ideas?

timbo003
31/10/2012
17:38
riv,

and also a merger with Maven 4 for Ortus.

If I have read it correctly, it looks like a fantastic deal for Ortus holders.

tiltonboy
31/10/2012
15:40
I note that Proven VCT have in their interims today increased their valuation of Espresso Group to £3.964m from £3.567m. Quite a decent uplift:
rivaldo
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