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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Investika Di | LSE:IVK | London | Ordinary Share | AU000000IVK1 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 123.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 123.00 | GBX |
Investika Di (IVK) Share Charts1 Year Investika Di Chart |
|
1 Month Investika Di Chart |
Intraday Investika Di Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/11/2011 | 08:14 | Investek - Copper Nickel & Uranium assets | 10 |
| 31/5/2008 | 08:00 | Investika - emerging resource opportunities | 1,085 |
| 05/6/2007 | 22:57 | Investika | 209 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 23/5/2008 08:26 by stemis The market capitalisation of IVK is £21.3m. As usual the Advfn data above is wrong.The deal raises £19.0m for IVK. It also has the cash from the placing and convertible (however you value the later). Little if anything in the IVK price at the moment for Puquois. Looks like the have the cash to take the project forward and clearly IVK see more value in it than BNC. Kyriakou has also sold his shares in TMC so he's clearly now focussed here. I don't know why the market has failed to react to this deal (TMC price is shooting up as we speak). The deal was worth at least an extra 10-15% just from the increased price received for their shares in TMC, so we should be 120-125p. I couldn't get much stock but I've taken what I can. Looks like a no brainer from here!! |
Posted at 07/3/2008 22:26 by nghomi SteMiS, I'd expect a sudden rise in TQN share price before any significant anouncement made on Puquios. I take the recent rise in the share price a simple reaction to the fact that copper prices hit an all-time high recently and the market knew before us that CK had bought a few more shares after results were announced. TQN share prices have barley changed since last November while IVK was almost halved at 102p. Remember that we valued IVK's shares at $4.40 when we paid for TQN. |
Posted at 01/3/2008 17:00 by nghomi SteMis, While I agree that it is not good to give 1.15m shares for BNZ when you know it is a write-off. But you have to look at the bigger picture. The deal was done at the same time as the fund raising at $4.30 agreed: "raised $12.9 million in new equity through the placement of 3 million shares at $4.30 each." Remember when share prices were £1.50, they issued 2.9m at £1.90! Nobody could understand the logic then. (In fact more recently the share price was £1.05, IVK raised 100k at A$4.30 or £2 per share)!!!! What about we say that IVK raised $12.9 by issuing 4.15m shares! This would make the fund raising at A$3.10. Which is more believable to most of us! |
Posted at 16/2/2008 19:32 by nghomi strow, I do not know the financial muscles of CK but I would be surprised that he can afford buying IVK and also afford providing IVK's future funding requirements. Buying out IVK at a discount would only mean screwing the existing shareholders in my mind. By doing so, he has no other alternative but financing the LP after BFS and also Berong for VA and also zinc project etc. by his own money. NOBODY will offer him any sort of funding at any point in future if he screws them up by buying IVK at these prices. So I agree with david that CK's confidence in IVK can only be a good thing, imo.One more point is that what would be CK's percentage of IVK in 10 years time? We would require a number of fund raising from now to then. I could see IVK's market cap of >£1B in 10 years time if all of these projects are successful. The chances are that even CK's holding would be diluted to less than 5% by then. |
Posted at 05/1/2008 14:46 by nghomi As strow says the notice of general meeting was dated 6/12/07. So I think it is a matter of formality and the placing has already happened at $4.30 on 18/12/07. Note that TNQ recieved a loan of £1.3m on 19/12/07 from IVK. Where else IVK could potentialy provide this loan to TNQ?Also, note that even the shares issued for TNQ and BNZ needs to be ratified by the shareholders too. My best guess is that some of the shareholders who have sold BNZ and TQN to IVK have taken additional stake in IVK at $4.30. Note that TNQ and BNZ were taken over at $4.40 per share and TNQ share price has not moved since then while IVK's share have gone down by some 20%. I have already talked to James Joyce of WH Ireland and he has confirmed that the agreement is signed and provided the shareholders do not disagree, it is a done deal. |
Posted at 02/1/2008 22:01 by nghomi strow,As Kimboy2 suggests selling TMC or IVK shares are both be translated to dilution of IVK assets per share. I am not suggesting that IVK sells entire TMC holdings by any means but I can see what you are saying. You are saying that it is better to have TMC shares than cash. Imagine the following scenarios: 1) IVK sells ~400k TMC shares to raise approximately £1.0m before 10th of Jan. Then I could easily beleive that the recent placing would go through (i.e. 3m shares at 191p as the current exchange rate is £1= AUS$2.25). IVK would have 0.145 TMC share for every IVK share IVK would have 35p cash per share 2) IVK fails to complete the recent placing. So it would be forced to issue 5m shares to raise the same amount of money at 135p per share. IVK would have 0.152 TMC shares for every IVK share IVK would have 31p cash per share. ==================== You could see that in the above simple example while IVK has more cash per share in the first case scenario, TMC asset is slightly less than that in the second case scenario. So what you are saying is that 0.007 shares of TMC is a lot more valueable than 4p cash per share in the long run. So you are assuming that TMC share price will be £10, so 0.007 of TMC share will be 7p which is better than 4p. |
Posted at 28/12/2007 12:49 by nghomi strow, if they fail to raise their required funds, imo IVK share price would sink to sub 100p quite easily. Las Pascualas, belitung and UMC require fresh funding to survive as a viable projects. So imo 10th of Jan EGM is fairly critical for the health of the share price. Perhaps IVK would need to off load 2% to 3% of TMC to boost their balance sheet before 10th of Jan in order to get successful fund raising at 188p and 240p (convertable bonds). imo the share price would not be anywhere close to 150p by the 10th of Jan, it would be either a lot higher or a lot lower! |
Posted at 23/10/2007 17:24 by nghomi peroman and SteMiS,IVK valuation is very complex to say the least imo. Also the investment companies are always traded at a discount to their assets. We have this converable bonds in sight as well which could dilute ~10% of the company. But I summerise my thinking in deriving the current values of various IVK's assets: 2) BNC = ~£22m. IVK owns 18% of BNC. I have "guessed" the value of BNC based on TMC market cap of £75m. I have put BNC part of TMC at £66m and TMC has 54% of BNC, then we get £22m for IVK's share. 3) Las Pascualas: I have used TNQ market cap to guess Las Pascualas value. TNQ owns 51% of Las Pascualas and market cap is £4.0m. So 70% of Las Pascualas cannot be less than £5.5m 4) imo UEP is a write off at the moment (based on what is announced by UEP) last Friday. It is unknown how much UEP needs to re-do phase I of feasibility study. BNZ is a fully funded company with several million pounds funding. So 40% of it is probably at least £1.5m. I have tried to be conservative in my valuations but I have to say that the credit crunch could potentially dilute IVK's assets imo. Perhaps this is one of the reasons for 30% discount on the share price. One more thing to be cautious about is the BNC project. I am concerned about the 140k tone of ore awaiting to be shipped. I am inclined to think that BNC is struggling to find buyers at a good price. Perhaps this is another reason to discount IVK's share price on ( TMC + BNC). Overal, imo IVK's share price is not expensive at these levels provided we do not see a slowdown in Chinese economy in coming years. |
Posted at 23/10/2007 16:59 by stemis nghomi,My analysis is a little different from your but the outcome is pretty much the same. At current prices I make IVK share price about 29% discount to the sum of its parts. Actually I make its interests in TMC and berong to be worth about 188p, so pretty much the rest (TQN, Tommy, UEP, BNZ) is in for free. |
Posted at 13/9/2007 10:53 by buetowa I've noticed that the TMC share price has gone up by around 10%. What % value does the TMC holding represent of the overall IVK share price? |
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