Third Point Share Discussion Threads

[anley] 21/6/2013 10:51

Sony are considering Mr Loeb's letter but the Japs are being slow so expect some pushing from the Yanks............

[anley] 18/6/2013 12:16

Loeb has since increased its stake in Sony to around 7% - pressure on the Sony board this Thursday.

[anley] 21/5/2013 11:39

I am surprised that this stock is not followed by more brokers and their clients............but that is the City for you!!

[checkers2] 16/5/2013 20:25

Discount moved from around 20% to less than 5%. Still a buy imho, Loeb a remarkable truly contrarian investor.

[anley] 13/5/2013 17:48

AND it may have started to close...............

[anley] 23/4/2013 09:53

Sorry about the spelling mistake.

Still a good gap between NAV and the market price!

[checkers2] 22/2/2013 16:39

Loeb not Loab Anly.

A very interesting investor, but unfortunately pulbicity shy, so hard to learn more about his strategy. They only give out quarterly reports with a bit of meat on them.

Admired his moves on Herbalife, cornering Pershing nicely. Classic.

[anley] 21/2/2013 12:41

It will be interesting to see what happens to the price if the market in the USA were to go down say 7/10%...........a test for LOAB and his team and how they have orgainsed the funds portfolio..........we shall see.

[mangal] 11/2/2013 20:01

Interesting to see that all trades today were BUYs.

[mangal] 11/2/2013 15:59

This w/e's article may well have given this a bit more visisbilty & let's hope a bit more liquidity too:

[anley] 11/2/2013 14:30

Not really ......however, the liquidity is the problem so dealing in this share could be tricky for short term punters.

This is for medium and long term holders and it was my son in NY who told me to buy this on dips but even that could be difficult if all of a sudden the fund goes short and the short then becomes profitable.

[mangal] 28/1/2013 22:29

still trades at discount to NAV, even after the recent dizzing rise in sp; strange !

[checkers2] 28/1/2013 21:11

Here is their 4th quarter report, dated 9/01/2013

[badtime] 21/1/2013 18:10

geez..how much higher

[langostino] 22/12/2012 09:09

More on the Greek bonds

[checkers2] 19/12/2012 19:10

Good news today, and convinced me to add more to my holdings, and share price hardly budged.

[aa29] 19/12/2012 15:52

Profit on Greek bonds

[langostino] 14/11/2012 20:15

I will not be applying to tender. Maybe after reading the small print, filling in the forms, waiting for the cashback it would be worth it. But I am just hoping it works as a catalyst for reducing the discount and waiting to pocket the 56.4p dividend. That is a misnomer anyway because it is coming straight out of capital. I am amazed there is not more volume on this share. It is such a good entry into a fund otherwise closed to us mere mortals. This discount is going to close soon. I am only sorry to hear the Loeb financially supported Obama in 2008 and switched to Romney in 2012. Hope it was his own money!

[mangal] 14/11/2012 19:54

My thinking is that if you can tender at a discount better than the current share price discount, you might as well sell by tender and then buy back in later, after receiving the proceeds of the tender offer.

[checkers2] 14/11/2012 18:42

Am I correct in thinking the discount is now around 20%. So worth buying more surely!

[checkers2] 14/11/2012 18:39

I personally intend to hold on to mine, as I believe in the long term prospects of the fund. Having the discount in effects gives you a slighly leveraged play on the fund.

[mangal] 14/11/2012 17:48

langostino, r u going to tender? if so, at what level? I hold these in both my ISA & sipp. I have tendered the smaller of the two holdings at 6% discount; & now, wondering whether to pitch the other holding at a larger discount - say, 10%. any ideas?

[langostino] 26/10/2012 17:51

Finally done something about the discount plus a November dividend. Great news.