Resources Investment Trust Share Discussion Threads

[mangal] 14/11/2003 16:43

Share price jumped up 10% today.
Is there more to it than simply a change in sentiment & thus narrowing of discount to NAV?

[bionicdog] 14/11/2003 15:43

hmmm now 76.4%

[bionicdog] 14/11/2003 11:28

can't see any reason for this being marked up , but now reflects a much more reasonable 73.9% of NAV.

[karzy] 11/11/2003 22:02

Thistle is taking a pounding, but bear tooth platinum coming out of hibernation.(at last)

[karzy] 06/11/2003 20:59

Final results out today, some of their holdings are catching the market up at last,nav 122p today.Sister company, oce's holdings are quietly gaining ground as well. Probably now worth more than when it listed.

[flatboxertwin] 21/10/2003 16:09

Broken resistance @ 79p. Hope it can hold. Don't know how applicable TA is to ITs though. Now, if they would only do something about narrowing that spread!

[energyi] 16/10/2003 15:16

NAV: 15th October 2003 was 114.47p

Stock Price: 77.50p - - - 32.3% Discount

[bionicdog] 15/10/2003 14:20

good to see that somebody was listening , now up to 67.79%.

[bionicdog] 15/10/2003 14:07

price now reflects only 66.47% of NAV

[karzy] 09/10/2003 21:43

GTL had some good news today in the form of a aus$35 million grant for its Barrup peninsular project, they just might get one this off the ground.

[karzy] 03/10/2003 01:04

Methanex have pulled out of the Barrup Peninsular project (gas to liquid) slating the WA state goverment, wether GTL can capitalise on this remains to be seen, but as one of the largest holdings of REI any movement up or down by GTL will have a impact on it's NAV. Olympus Pacific Mining stirring but not sure if its just market sentiment (oym;tse)

[schober] 01/10/2003 08:41

possibly;if they went to a premium then shares would be sold into the market
they dont seem to have made any attempt to manage the discount; perhaps they are waiting for it to widen

[energyi] 01/10/2003 08:21

s.
that would shrink the company & shrink the management fee

[schober] 01/10/2003 08:13

what are they doing to manage the discount?
surely it would be better to sell a few of their shares held & buy their own sharres?

[energyi] 01/10/2003 07:59

Discount:
74.5 / 8th September 2003 was
106.70p
=======

69.8% = -30.2%discount

[karzy] 10/9/2003 20:53

Another good day, Jubilee,Olympus and a great jump from Thistle, I wonder if they off-loaded any Thistle today they seem too when the price gets above 70c.

[karzy] 09/9/2003 21:03

energyi
Still holding but only 100k,cal,btp,tht and others up tonight, see what Thurs' brings.

[energyi] 09/9/2003 17:10

Discount:
74.5 / 8th September 2003 was
105.79p
=======

70.4% = -29.6%discount

[energyi] 09/9/2003 16:50

krzy,
The excerpt from Cambrian's presentation which applied to Ivernia
sounded rather upbeat to me

[hypocrite] 20/8/2003 09:00

CER up again now 354 bid.....
The above would have no effect presumeably....only had 183000 shares????
Cant win 'em all.

[energyi] 16/8/2003 17:10

REI lags.\
And gold stocks are hot. So these are moving higher.\
What's the right discount? 20-25%?

[hypocrite] 16/8/2003 09:58

I agree......Robbie is pretty interesting for the small cap investor!!

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXx
Friday 15th August

I've used up the last of the cash I have available in another buy today!

The buy is (unusually for me) an investment trust - Resources IT (REI). I bought some for the pension 4,500 at 76.5 and some for the isa - 6,000 at 77. For web purposes we'll call it 6,000 at 77. Stop loss 65, target 105.

I've bought for a few reasons. By the way for those of you who don't know about investment trusts, it's just like a fund that buys into certain areas of the market. Its shares are traded just like normal shares.

The trust has a great website www.rei-trust.com which I've enjoyed reading. The trust invests in what it believes are undervalued companies in the natural resources sector, top holdings include Caledonian Mining, Celtic Resources, GTL Resources, Jubilee Platinum among others.

This buy will give me a little exposure to some AIM stocks that normally I can't buy, also gold - which could go well if the market drops - as well as mining.

The company issues a statement every day giving its net asset value which today is just over £1 - so at 77p it stands at a nice discount.

Also the NAV is going up quite nicely right now. So although risky, with often a wide spread this trust - unlike other slow movers - could increase in value quickly.
Robbie Burns

[insideryou] 15/8/2003 20:53

the robbi effect has weaved its magic again i see...
the man is a cah cow for the greedy mm's who lie in wait for the sheep.
Having said that, his track record is stunning,so more power to him,
rie seems to be in the right sector,especially gold, which i see at 400 per oz before years end.