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Symphony Share Discussion Threads
Showing 26 to 49 of 50 messages
|Discount now 30%
|Not often one can move posters' relative contributions from 33% to 25%. Expecting a bit of consolidation here before next leg up.|
|Shares are very tightly held - look how illiquid this is compared to the market cap.
They don't seem to disclose the major shareholders, and it's a BVI company so good luck finding out.
That said, at least it's a main market listing not AIM.|
|At last its getting to a reasonable level.Still at a 40% discount to NAV HTtp://tools.morningstar.co.uk/uk/cefreport/default.aspx?SecurityToken=F00000MEP2]2]0]FCGBR$$ALL|
|choppy ride tho|
|4 May 2016
NAV about 87p
Symphony International Holdings Limited (the "Company")
Net Asset Value
The Company today announces that, at the close of business on 31 March 2016, the Company's unaudited Net Asset Value was US$683,247,482 (31 December 2015: US$695,590,436) representing a Net Asset Value per ordinary share of US$1.2938 (31 December 2015: US$1.3172). On a fully diluted basis (adjusting for in-the-money vested options), the NAV per share was US$1.2782 (31 December 2015: US$1.3011).|
|These are still far far too cheap....|
|MIDAS Investment Managers opinion;
One of our favoured funds Symphony International introduced a dividend policy last year in order to try to reduce its discount. This year, the ordinary dividend was maintained at the same level (1.56c), but a special dividend of 3.13c was also paid, up 20 per cent on last year. The total dividend of 4.69c represents a yield of 5.8 per cent. Major shareholder British Empire believes that Symphony’s shares are “excessively cheap” on a discount of c.40 per cent with investments in listed shares and cash covering the market cap 1.3x. British Empire continues to engage with management regarding other measures to tackle the discount.|
|All the themes in SIHL are fantastic, but I still sit on my hands watching from the sidelines due to the obscurity of this share in the eyes of the general market, it's got ASEAN, India, demographics etc all on its side but it stays a long way out from its NAV. Anyone got an opinion on the recent slight dip - would that be currency related? In dollars is another plus point in a way!|
|Still a bargain Dave - directors buying - I posted on it this time last year and have done very well...
Problem is no-one cares.
|Problem is dave no-one cares this is a screaming buy - old post on my blog www.deepvalueinvestments.wordpress.com
Plus management are a bit .... you know...
I recon this will go in an MBO - probably for less than it is worth !|
|Panmure's note out today sets a target price of $1.47 -a potential 80% rise.|
|Good rise today - on no news - maybe this is starting to move...|
|MIDAS Investment Management comment;
Symphony International Holdings Ltd -finally see the sense of a dividend
Recommendation - Buy
Symphony has announced a material change in dividend policy with the announcement of a maiden dividend and an intention to pay ordinary dividends annually and extraordinary dividends as and when the Board feels it would be appropriate to do so.
The change in dividend policy is designed to address the circa 40 per cent discount of the share price to Net Asset Value. The ordinary dividend will be 1.56 cents and the extraordinary, 2.35 cents, implying a total yield of around 5 per cent. We think this move will be taken positively by the market and reiterate our Buy recommendation.|
|Divi!! At last!|
|Thanks Des, price dip on SIHL of late - so another chance to get in...|
|Hi Rob - Good luck with your website. I enjoyed reading your review of SIHL and LCG. I own an indirect position in the former via BTEM. Clearly there are structural and governance issues overhanging the stock. Des|
|Lots of posts on SIHL on WAM thread also on
Very cheap but management are enjoying a meal at my expense.