We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tiger Royalties And Investments Plc | TIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.20 | 07:43:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 26/9/2020 08:23 by danawinner Sadly Bruce Rowan died last September. Please see my post earlier this morning on LSE which highlights the situation far more clearly than TW has. I have been trying to buy TIR for months |
Posted at 12/12/2012 09:45 by mine cap Tiger Resource Finance Plc is an Investment Fund focused on the Resource Sector. The company is listed on AIM, the London Stock Exchange's Alternative Investment Market. Its mission is to invest in natural resource companies globally, capitalising on early entry level in mineral projects, and adding technical and management expertise where necessary.The company intends to be a unique player in the Mineral Resource Sector, offering investors the opportunity to invest in several well-managed and well-researched Mineral Resource projects. Board : Ronald Bruce Rowan - Chairman A businessman who is a shareholder in a number of UK public companies. He is also chairman of Sunvest Corporation Limited (listed in Australia) and Starvest Plc (AIM listed). Colin Bird - Director - Chief Executive Officer Colin Bird has a Diploma in Mining Engineering, is a Fellow of the Institute of Materials, Minerals and Mining and is a certified Mine Manager both in the UK and SA. The formative part of his career was spent with the National Coal Board in UK and thereafter he moved to the Zambia Consolidated Copper mines and then to South Africa to work in a management position with Anglo American Coal. On his return to the UK he was Technical and Operations Director of Costain Mining Limited, which involved responsibility for gold operations in the Argentina, Venezuela and Spain. In addition to his coal mining activities he has been involved in the management of Nickel, Copper, Gold and other diverse mineral operations. He has founded and floated several public companies in the resource sector and served on resource company boards in the UK, Canada and South Africa. Michael H Nolan - Executive Director A director since 1995. He was appointed chief executive officer of Minmet Plc in November 1999, having held the position of finance director for all the companies in the Minmet Group since 1994. A Chartered Accountant, he worked with Deloitte & Touche in Dublin and was executive director of Equity and Corporate Finance Plc, the London based corporate finance and investment house. Raju Samtani - Finance Director Previous experience includes three years as Group Financial Controller at marketing services agency - WTS Group Limited, where he was appointed by the Virgin Group to oversee their investment in the WTS Group Ltd. More recently he was finance director of Kiwara Plc which was acquired by First Quantum Minerals Ltd in January 2010. Over the last few years, he has been involved in senior managerial positions for several AIM quoted/JSE listed companies predominantly in the resource sector and has also been involved in FSA compliance work within the investment business sector. . |
Posted at 24/8/2012 12:05 by safman Large upside already in XTR... If it was worth buying anything it would probably be TIR... XTR shareholders have taken a fairly large shafting.. saffy... |
Posted at 11/11/2011 18:56 by witteklip So how do the charts work here? 08/11 TIR dealt at @ 2.412 09/11 " 2.25 10/11 " 2.34 11/11 " 2.30 So, how is it that the ADVFN TIR chart charts appears to tick up between the 8th and 11th? The achieved sale price appears to have fallen, but the spread has widened 2.25p/2.7p. Is the mid bid/ask the criteria? - If so the market makers can use that to paint charts? |
Posted at 29/9/2011 09:14 by mutantpoodle thats an intreresting post maxbubblehow about turning it around 100% applying it to your post and your opinion keen to keep people 'in' TIR this of course would enable anyone applying to 'get out' to get more than the 40% or so that would be available if all applied IOW we can't take any notice of anyone posting on BBs unless of course we share their opinion and have been following their opinions for some time personally I havent read anything from anyone on TIR boards here that have praised BR or the TIR performance over the past few years your opinions are new! and yes having held 1m+ since IPO I have finally given up and sold they had their chance and they failed to deliver my selling will help others get a larger share but my cash is (will be this week|) in the bank and no longer a variable/hope! |
Posted at 17/8/2011 12:42 by johnhpayne Does the board plan to offer to buy our shares back at 3.75pence? I had understood that the plan was to give a dividend, by way od distribiting cash in hand........ ? |
Posted at 17/8/2011 11:10 by witteklip TIR Interim Results " Tiger Board decision to proceed with Share Buyback through a Tender Offer at 3.75p per qualifying share" "The formalities of this process are in train and the Directors hope to issue the Circular detailing the Tender Offer and containing a notice of general meeting to consider the necessary shareholder resolutions shortly, on the receipt of regulatory approval." |
Posted at 17/8/2011 08:48 by skyship Well the professional ("sic") advisors obviously read this B/B, even if BR himself may not - though who knows...Anyway, as a result of my Post Nos. 173 & 178 I'm sending TIR an invoice for my professional fees in the sum of a paltry £1000. I hope that as shareholders you won't object. |
Posted at 01/3/2011 17:19 by witteklip curt3 - 1 Mar'11 - 15:40 - 1411 of 1411Re: "surely there would have been some benefit in taking short term positions in this very active market over the past 2 years." Curt - I believe that B.R. agrees with you because he does take positions - but for some inexplicable reason does not appear to be able to apply the benefit of his decision making to Tiger despite having a strangle hold on the company. On another TIR thread Simon Caldwell pointed out the position Rowan took on ZEST (now Rare Earth Minerals) 100m at 0.15p which when Simon posted were at 1.1p So Rowan appears to still have the ability to research and take decisions on investments for his own benefit but we long suffering shareholders at TIR are left in the cold. I have copied Simon's post from the other thread below. "Simon Cawkwell - 16 Jan'11 - 13:14 - 80 of 120 Gentlemen, I would add that Bruce Rowan personally bought 100m ZEST (now Rare Earth Minerals) at 0.15p about eight weeks ago. These have been circa 1.5p and are currently 1.1p. It is true that I think REM should really be 0.5p or lower (I traded them from 0.45p to 0.55p). But one must ask oneself why, if REM were to hand at 0.15p, TIR did not take a suitable tranche. This failure by TIR is not right or just. Simon Cawkwell" |
Posted at 16/1/2011 15:49 by skyship Found the letter - I see I addressed it to BR rather than CB. It was CB who answered!Mr Bruce Rowan TIGER RESOURCE FINANCE PLC 2. Cromwell Place London SW7 2JE ROYAUME UNI 24th August 2007 Dear Mr Rowan RE: TIGER RESOURCE FINANCE "TIR" Perhaps the only disadvantage of no longer living in the UK, is that I am in practical terms unable now to attend the AGMs of companies in which I invest both my pension & personal investment funds. That said, I was pleased to read that you welcome shareholder comment, so I would now like to pose a few questions and suggestions: 1. TRANSPARENCY Over the past few years, in a time when every listed company has sought to improve shareholder communication and investment companies in particular have provided more regular asset valuations and portfolio declarations, you have moved in the opposite direction with now just Quarterly NAV declarations and Half-yearly portfolio declarations. Over the same period the dealing activity of TIR has been almost moribund, so the previous reason given of "necessary secrecy so as not to hinder stake building or liquidation" clearly has no base in fact. Might I therefore suggest that you immediately, in the interests of good shareholder communication, change your reporting to: # NAV declarations - weekly # Portfolio declarations - monthly 2. MIT VENTURES CORP. Listed in the TIR portfolio is a holding valued at £40k and described merely as MIT Ventures Corp. Loan Note. Could you please provide some information on this investment, in particular whether we earn any interest, whether there is any capital upside and when it is due for repayment? 3. ADMINISTRATIVE EXPENSES Over the 3 years of 2004/5/6 Administrative Expenses have escalated markedly as a %age of Shareholder Funds: 2004: 3.7% 2005: 4.2% 2006: 5.4% In view of the relative inactivity over this period, could you please advise why such an escalation has occurred, how it can be justified and whether you recognise that a cap on costs should be instigated. 4. CHAIRMAN'S STATEMENT 26th June 2007 A very brief study of the TIGER portfolio shows a bundle of frankly rather poorly performing mining companies, saved wholly by the holding in Franconia. Fortunately the overall performance of the portfolio relies on the two major investments in the junior oil & gas exploration sector together accounting for over two-thirds of the TIR non-cash portfolio as at end May'07. In spite of this fact your Chairman's Statement of 26th June makes absolutely no mention of OIL. Could you tell me something as to your thoughts in that area? 5. INVESTMENT STRATEGY & PERFORMANCE Again over the 3 years of 2004/5/6, a period of massively increasing commodity prices, soaring share prices and almost historically low interest rates you have been keeping an average of 45% of TIR net assets in CASH. This policy has quite naturally severely constrained the investment performance of TIR. To respond that over this period there was a lack of assured good investments in the Natural Resource sector is patently absurd. With hindsight of course, just buying into the leading global miners (BHP Billiton, Anglo-American, Xstrata etc.) would have proved well worthwhile, as would have been a policy of delegating responsibility by buying into any of the leading Natural Resource investment trusts. Sitting on CASH in such boom conditions shows what can only be kindly described as questionable judgement. Of course, we can't wind the clock back, but equally an alternative to the recent relative failure surely needs to be found. The Board's principal responsibility to shareholders is to maximise shareholder value. Other than through investment performance, the Board in my view quite correctly sought and received shareholder approval for a series of Section 163(3) share buybacks with the stated objective of reducing the share price discount to the underlying NAV. However, the Scheme has only partially been successful. By buying-in stock at such a discount to NAV, the underlying NAV per share has been improved; but over the period of the buybacks the NAV discount has simply widened further. A couple of weeks ago, when Ascent Resources was trading above 30p, the NAV discount exceeded 50%! Might I recommend a solution: GENERAL TENDER OFFER Another tactic used by many listed companies has been to return cash to shareholders via a general tender offer. This has the subsidiary benefit of reducing the NAV discount as it confirms the Board's intent to more closely align the share price to underlying value. What can be done once, can be done again should the excess discount continue. In the case of TIR a 1 for 3 buyback @ a price in the region of 4.5p-5.0p / share would seem to be appropriate bearing in mind the current Market price of 3.65p; the current Gross NAV of c.6.3p; and the recent share price intra-day high of 4.85p-5.0p. Allowing for costs of 200k (perhaps too high an estimate), the cost of the tender would be £2.82m-£3.11m; ie an amount easily fundable from existing cash balances. I suggest that the above course of action will: a). Reduce the future NAV discount b). Provide shareholders with a cash bonus more than compensating for past lack of dividends c). Utilise a fair %age of the cash reserves for which TIR has had no apparent use over recent years I assume that you will wish to discuss the contents of this letter with both other Board members and retained professional advisers, so I have forwarded copies to: # Colin Bird # Michael Nolan # Davy Corporate Finance # WH Ireland I look forward to hearing from you regarding the various questions above; and most especially regarding the Tender Offer proposal. Please do feel free to respond by Email. Yours sincerely |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
