Resources Investment Trust Share Discussion Threads

[karzy] 05/3/2005 22:21

latest monthly summary

[bangor] 26/1/2005 10:14

120p plus here we come...

With a NAV of around 157p and some tasty companies on board this is looking cheap. Perhaps a rerating is due.

[bionicdog] 24/1/2005 15:18

Hefty jump in the NAV today (friday) , could break out above 120p again , but I doubt it :o(

[munin] 17/1/2005 20:29

Am I correct in my understanding that every 6 months, 20% of any capital growth in this trust disappears into the pockets of the directors, as a so-called performance bonus"?
If so, am I the only one who finds this rather excessive?

[hypocrite] 16/12/2004 08:41

Moneybags in Phoenix-Dublin is still long on CER....
has this to say also....
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
THE PHOENIX December 17, 2004 37
Minco – a very
solid buy at 13p
Minco's
share price should be a multiple
of its current level

2000 word article
caveat Emptor!!

[hypocrite] 14/12/2004 13:07

very strange.....whoare the other directors...who makes the decisions...
dont you need two signatures in every company??Who are the 2??

[energyi] 13/12/2004 21:55

complete portfolio ?

If you have it, post it, and I will add it to the Header

[bionicdog] 08/10/2004 08:11

now that is impressive.

[ino results today] 05/10/2004 07:48

Take a look, have a read, discover that they have NAV 11.3p per share - this is even stated by the Directors.

Up 11% pre-market to 7.25p.

Expect a massive surge of this tiny microcap (£0.85m) today.

50% gain is very possible even with small buying.

AND NEWS OF A 3RD ACQUISITION

[hypocrite] 05/10/2004 07:48

So0rry...not able.......
Asked Ener5gyi to do...no sign...gone maybe...

You re start under same heading and I'll
delete mine!!.

[djalan] 05/10/2004 01:06

Hypocrite
New thread for an interesting stock
Will you be putting a couple of REI charts in the header?

and perhaps some graphs of the main holdings
cheers

jal

[hypocrite] 04/10/2004 18:32

Company reports it's NAV over 133p.....??????

[hypocrite] 04/10/2004 13:42

RNS Number:6382D
Resources Investment Trust PLC
04 October 2004


RESOURCES INVESTMENT TRUST PLC

Top 10 Holdings 30th September 2004

Resources Investment Trust PLC announces its top ten portfolio constituents as
at the quarter ended 30th September 2004.

Company Value # % of portfolio

Emerald Energy Plc #3,387,500.00 11.44%
Cambrian Mining Plc #3,303,993.68 11.16%
Celtic Resources Holdings Plc #3,243,750.00 10.96%
Toledo Copper Corporation Plc #1,540,000.00 5.20%
Olympus Pacific Minerals Inc #1,537,117.90 5.19%
Atlas Cons Mining & Development #1,488,674.63 5.03%
Expatriate Resources Ltd #1,473,799.13 4.98%
International Taurus Resources Inc #1,266,375.55 4.28%
GTL Resources Plc #1,125,000.00 3.80%
US Gold Corp #910,980.45 3.08%

Total #19,277,191.34 65.12%

4th October 2004

[hypocrite] 04/10/2004 10:59

Went in again at 96......they were reporting 126p NAV for days.....

[hypocrite] 04/10/2004 10:57

Energyi........

Can you start a new thread with the complete portfolio as before
but updated.....do they still have all those Celtic shares and more
importantly the spin off companies????

[bolador] 02/10/2004 09:19

Estimated NAV 132 after the rise in Cambrian to 85p.

[energyi] 04/8/2004 15:44

NAV on 3rd August was 113.84p per share.

So... 92.5 / 113.84= 0.812 , or a 18.8% Discount


...& falling...
9th August was 109.32p

[energyi] 20/7/2004 19:01

REI is way oversold now

NAV: 19th July was 119.28p per share.

[bionicdog] 25/5/2004 08:02

from oil barrel.

25.05.2004
Resources Investment Trust Buoyed By Strong Commodity Prices And A Revived Emerald Energy
Resources Investment Trust, which invests in undervalued companies in the natural resources sector, has had a good year to date, buoyed by the strength in the commodities markets. Launched in January 2002, when it was listed on the main board of the London Stock Exchange, the company invests in a range of mining and oil stocks, although its natural bias, given its management expertise, is towards hard rock mining.

Its main oil investment is London-listed Emerald Energy, which focuses on the oil-rich basins of Colombia and last year emerged from a severe financial mire to drill its first well for several years.

"Our largest holding is Emerald which is now performing very well," David Hutchins of RIT told oilbarrel.com. "They have really turned themselves around. It is a very exciting company."

RIT recently reduced its holding in Emerald, a reflection of how the company has transformed its fortunes from the dark days of a few years ago when a blow-out at its main producing asset, the Gigante-1a well, damaged its revenues and cash reserves.

"Emerald is our largest individual holding and we have a board policy to reduce any holding when it goes above 15 per cent," said Hutchins. "That is prudent fund management and the disposal does not reflect on Emerald; in fact, it is a huge vote of confidence in the management because the company went from not being significant to the most significant asset in the portfolio."

Emerald's new management - an all new board was appointed in August 2003 - certainly recognise how the once ailing company has recovered.

"In the first half of 2003 the company faced severe cash restraint and an uncertain future," acknowledged chairman Alastair Beardsall at the release of Emerald's full year financials, which showed a profit of US$86,000 versus a loss of US$36 million in 2002. Over the course of 2003, the company raised £6.8 million through a share issue and rights issue, putting it back on track to work its attractive acreage in Colombia.

"It was a very positive second half for everyone in Emerald who successfully implemented the first steps to recreate Emerald Energy as an active exploration and production company," said Beardsall.

The highlight of the year was the drilling of the company's first well for several years, the Campo Rico-1 well, which tested at 250 barrels per day and which is now being readied to be put into production at an anticipated rate of 750 bpd.

At current high oil prices, Campo Rico-1 will make a significant contribution to cash flows for 2004. At least one further well, and possibly two, are planned for this year, bringing the promise of further positive news flow for Emerald's investors. Seismic acquisition is planned for the company's new Fortuna Association Contract and studies are being finalised to identify a location for a second well to complement the 750 bpd Gigante-1a well on the Matambo licence. Gigante 1-a never recovered from the devastating blow-out but production now seems to have stabilised, albeit with the help of regular chemical treatments. Drilling Gigante-2, however, which has been a longstanding goal for the company, would require either a new fundraising effort or finding a farm-in partner.

[energyi] 06/5/2004 21:55

alot of that NAV is in EEN. Hard to Sell

[hypocrite] 29/4/2004 16:45

Mostly to dowith Celtic esources???
25% fall seems to be echoed by REI at well nearlyb 25%
Who knows?

[keene] 29/4/2004 08:42

energyi, any thoughts on this drop would be much appreciated. looking cheap , very cheap at first glance. yesterday nav 1.61

[energyi] 19/4/2004 22:20

Uopdate?
I dont have the data.
Post it here, and I will cut & paste into the Header

[bionicdog] 15/4/2004 07:52

no it didn't , but the NAV figure is always a day behind and the price of gold was falling sharply yesterday.