Port Erin Share Discussion Threads

[rivaldo] 18/7/2013 15:29

Good info Fastbuck, thx. I've started a new thread for PEBI which incorporates charts if you're interested (I'm not a holder yet:



I am however a holder of APHB, which Port Erin have a stake in - you may not know that PEBI had a £60k stake in APHB which, after APHB's rise of the last few days, is now probably worth around £175k-£200k. Here's my APHB thread:



Perhaps you might post on the other PEBI thread since it has charts and the thread originator here appears to have gone AWOL?

[fastbuck] 18/7/2013 12:26

At 30 June 2013 Port Erin NBV was 10.63p a share

Not bad, but since then the gap between share price and NBV I believe has increased significantly. Looking at the top holdings that represent 46% of the NBV you can see that all have risen in value, furthermore the 3rd & 4th largest investments at 30/6/13 have risen by 37% and 78%.

Using fixed exchange rates I believe the disclosed shareholdings are showing an overall 19% increase. I realise this is just a snap shot and only covers the top holdings and there wont be any growth in the cash on hand but I think its enough to estimate that the NBV is probably between 11% - 14% higher than at 30th June giving a NBV of between 11.8p and 12.1p vs a share buy price of 7.6p

That gap needs to narrow


30/06. 16/07. 30/06. 16/07. Gain/Loss
Synergy 4.32 4.54 £277,748 £291,893 5%
Summit 4.12 4.63 £212,500 £238,547 12%
Arrowhead 2.00 2.73 £207,364 £283,052 37%
Plethora 2.18 3.88 £166,625 £295,889 78%
TrovGene 6.99 7.05 £137,224 £138,402 1%
Pfizer 28.01 28.68 £136,562 £139,829 2%
Nektar 11.55 12.68 £127,303 £139,758 10%
Sanofi 51.51 52.20 £91,349 £92,573 1%
£1,356,675 £1,619,941 19%


Btw I was the smaller buyer today at 7.6p

[rivaldo] 17/7/2013 12:18

This PEBI thread is partly due to its stake in Ampliphi Biosciences (APHB), in which I have a holding. The APHB thread is here:



PEBI's m/cap with 23.2m shares in issue is exactly £1.9m at 8.25p (the ADVFN figure is wrong). NAV per share at 30/9/16 was 9.96p per share. As at around 23/11/16 a contributor to this thread has calculated it has increased to around 12.2p.

Investments as at 30 June 2016

Value % of Total Portfolio

Magna Biopharma Income Fund £1,312,807 56.4%
Regent Pacific Group £302,568 12.9%
Summit Corporation £197,513 8.5%
Other quoted holdings £114,716 4.9%
Other unquoted holdings £401,964 17.3%

Total £2,329,568 100.0%

As at 23/11/16, Regent Pacific has doubled since 30/6/16 (an increase of £300k), SUMM is up 50% (increase of £100k) and Magna is down around 8% (say £100,000 down).

Plus, in late'15 PEBI invested £95k in the Diabetic Boot Company.

This recent RNS from LIFE (shares currently suspended) indicated that DBC will be reversing into that company and floating on AIM:



I'd imagine that the new valuation will be substantially above cost.

Quote for Magna Biopharma Fund:

[adred] 08/2/2013 22:10

In my 01 Feb post, I thought Port Erin should buyback shares as the share price does not reflect NAV, looks like Jim Mellon shares my views althought not a share buyback today but Jim increasing his holding to 20.5%.

I bought at IPO and consider this stock a long term hold and its good to see Jim buying more stock at these low levels, still think Port Erin should buyback shares at these level.

[adred] 08/2/2013 19:51

Port Erin, the AIM listed company focused on investing in the biotechnology and biopharmaceutical sectors, was informed that the Chairman, Jim Mellon, purchased 744,000 Ordinary Shares at an average price of 8.23 pence per share on 6th February 2013. The Company was further informed that Galloway Limited had acquired 1,000,000 Ordinary Shares at a price of 6.00 pence per share on 5th February, 2013.



Galloway Limited is wholly owned by a trust in which Jim Mellon, Chairman of the Company, has a life tenancy. Denham Eke, a Director of the Company, is a Director of Galloway Limited.



Following this transaction, the total Ordinary Shares in which Jim Mellon has a beneficial interest is 6,760,000 representing 20.5% of the issued ordinary share capital of the Company.

[pugugly] 05/2/2013 11:47

ADRED:> Thanks for the detail.

[adred] 05/2/2013 11:21

Port Erin holding (25 Jan 2013);

Plethora Solutions Holdings plc

valuation (@5p per share) £180,000.00

Portfolio 5.94%

Therefore paperloss this morning £90k (@2.5p) oops!

Market Cap of Port Erin £2.52m (before loss of £90k)

I would not be surprised if Port Erin (with another Jim Mellon company)is involved in third party Plethora are talking to regarding funding.

We may see Port Erin taking a bigger share of Plethora at a discount to the current share price.

[pugugly] 05/2/2013 10:57

Plethora - A significant holding of Erin down 50% today - Looks as though could go bust UNLESS a supportive rights issue - but at what price and what impact on Erin ?

thoughts ?

[johncsimpson] 01/2/2013 17:32

When you can only buy 10,000 shares on line (quoted just over £700 for 10k this morning), today's rise would just about cover the spread and dealing charges. Would have to hit pay-dirt big time and with all sorts of 'connections' past and present to Uncle Tom and friends - not worth buying IMHO . . .

[adred] 01/2/2013 13:00

Nice gains today. Not heared any rumours about going private, share price has been disappointing. I don't think Jim wants to take the company private, share buyback hmmm.... worth considering at these levels.

Port Erin's second largest holding (as at 25/1/13); Cytox Limited

Groundbreaking research in Birmingham that could revolutionise the diagnosis of Alzheimer's disease has been saved after a £3.5 million funding deal.

[fastbuck] 01/2/2013 11:10

Share price moving today, a reasonable buy at 7.5p and smaller buy at 8p. Is it just down to a lack of shares with the market makers or are rumours circulating that Jim will take the company private as the market isnt giving him any credit with such a large discount to NBV

[buywell2] 30/1/2013 14:59

MLS is now SBS
APPROX 5P HIGHER

[orado] 28/1/2013 12:56

Tom Winnifroth is a plonker

[bam bam rubble] 26/1/2013 15:53

Appointment letter for Jim Mellon. His remuneration will be paid in shares equivalent to 7.5% of the increase in NAV each quarter.


Renewed appointment of Jim Mellon. His remuneration will be paid in shares equivalent to 15% of the increase in NAV each quarter.


Share price down -40%, chairmans potential remuneration up 100%

[lagosboy] 19/1/2013 12:19

Why on earth would TW do that.

By liquidity event I was referring to the underlying investments, such as a take out.

I don't feel smug and I don't feel a dialogue with you will serve any purpose.

[phoenix1234] 11/1/2013 06:31

Lagosboy.. In the tip TW not only disclosed but said he would only sell 24 hrs after advising onefreesharetip.com readers to sell & that he would leave the brokers contract note at the ADVFN office to prove it.

Being a cynic on a BB without bothering to check facts, might make you feel smug, but does not add to your credibility. Maybe that is just you "marketing" yourself.

IT is illiquid but will rely on liquidity events, etc. If it is illiquid all it needs for major movements is a but of buying or selling. the vilumes of the last week show that. as such if you believe in mellon putting in a small amount and just waiting for the next results and NAV does not seem madness

[lagosboy] 02/1/2013 16:49

TW holds some stock in Port Erin from his Rivington days - presumably he disclosed that.

Without being specific to TW in any way,in my view tipsters are a complete waste of time and easiest way to lose money for the lazy investor.... what they are good at is sales and marketing.

Why bother being a tipster if you are such a savvy investor ?

This stock is undervalued on a sum of the parts valuation, but value depends entirely upon Jim Mellon's stock selection (it mirrors his personal hioldings) and he is clearly in the know and in the right space. You either back him or better putting your money elsewhere.

It is illiquid and it will rely on liquidity events for major price movements.

[christianf12] 02/1/2013 16:00

ramu, not sure SCLP could be classed as tiddler with a £100m market cap? Surely a tiddler sub £20m cap at most?

I aint in here anyway.

GL

[christianf12] 02/1/2013 14:25

Did everyone get their free tip today? : ))

[ronan7] 11/12/2012 20:45

just looking at the mo

to buy under 5p i may get a few

i will see