Acencia Share Discussion Threads

[badtime] 21/6/2014 18:29

Need to look for a replacement in the meantime sky

[skyship] 21/6/2014 15:11

pyemckay - correct, the question now has to be how much more is there to play for; before the interesting question of whether to roll-over to whatever continuation we are offered.

Here we are in the World of Conjecture.

The current NAV is now 110.86p. There will be a 2nd dividend of 1.93p in August. So the prospective net NAV is 108.93p

My guess (and now it is only that) is that we are likely to see further rises in the underlying NAV; so for my Model I am now assuming:

# further growth of 2.8% to provide a likely redemption option of 112p
# further growth of 3.7% to provide a likely redemption option of 113p
# further growth of 4.7% to provide a likely redemption option of 114p

If we then assume a 31/12/14 payout date (advanced from 31/02/15 in my earlier models); the annualised Gross Redemption Yields (inc. the 2nd dividend) would be:

# For 112p: 9.08%
# For 113p: 10.90%
# For 114p: 12.74%

On that basis, I'll continue to hold.

[pyemckay] 21/6/2014 13:05

surely the upside is less now. 4p or so. might get my money working elsewhere if we get a small boost on monday.

[skyship] 21/6/2014 09:27

BT - an obese allocation to ACD has proved to be a sensible weighting!

Sold my GLIF at 58.5p....XD of course, so a small profit. Will re-assess.

[badtime] 20/6/2014 20:31

i nearly bought some more first thing....but i'm not so much having a large allocation..but obese

[envirovision] 20/6/2014 16:45

great stuff

[scottishfield] 20/6/2014 14:53

wow, welcome news indeed.

[skyship] 20/6/2014 14:50

Great news - hence the price reaction:

20 June 2014

Enhanced Share Buy-back Programme: Narrowing of Discount Target

On 3 July 2013 the board announced a Discount Target of 10% below net asset value. This target was reduced to 7.5% in January 2014.

The board today announces that the Discount Target is reduced from 7.5% to 2.5%. The board will keep this target under review and reserves the right to amend it upwards or downwards during the course of the year.

To the extent that the shares trade at a discount wider than this Discount Target the board intends to use available liquidity to repurchase and cancel shares, unless it believes that it would not be in shareholders' interest to do so at the time in the light of the prevailing market conditions or any other such factor.

[seekerofvalue] 20/6/2014 14:32

ACD are holding up relatively well considering the impact Argentina could have on distressed debt markets.

Related news:

Argentina on the precipice? Maybe, says S&P 17/06/14


Vultures Circle Momentive Seeking $150 Million: Distressed Debt 17/06/14

[badtime] 18/6/2014 22:10

i think sky only bought a few....they hav com back a bit so not far from his buying price

[envirovision] 18/6/2014 21:58

Would have thought glif would have been some way outside of your risk profile sky

[skyship] 17/6/2014 12:38

Yes, but unfortunately I missed the exit over at GLIF - you certainly timed that well...

[envirovision] 17/6/2014 10:15

looking good Skyship ;)

[skyship] 12/6/2014 17:39

Good result last month:
======================

12 June 2014

As at the close of business on 31 May 2014 the Company's Estimated Net Asset Value per share was as follows:

Ordinary shares - 110.86p

This reflects an increase of 0.9% versus the Net Asset Value per share on 30 April 2014.

[seekerofvalue] 28/5/2014 13:04

Related news:

Rubenstein's Carlyle Group buys Texas Competitive debt 25/05/14
hxxp://nypost.com/2014/05/25/rubensteins-carlyle-group-buys-texas-competitive-debt/

The debt that's only for those on the A-list 22/05/14

[redhill9] 28/5/2014 10:02

Latest NAV:

As at the close of business on 30 April 2014, the Company's Final Net Asset Value per share ex-dividend was as follows:

Ordinary shares

109.93p

Please note that this net asset value per share takes account of the interim dividend of 1.92p per share paid on 2 May 2014.

[wirralowl] 12/5/2014 10:13

Finally got my dividend today from idealing - only 10 days late...!

[alanji] 09/5/2014 12:44

That has happened to me Sky - for some reason it occasionally unticks itself! Does not explain Monitor not working though.

[skyship] 09/5/2014 11:30

O/T - BT - I'm back up - Monitor working - BB working - the simplest solution ever - in FAVs my New Posts option was no longer ticked - don't know why!!!

[stupidboypike] 09/5/2014 08:34

Didn't realise I was sharing the board with a couple of seagulls fans. I was at the match. Premier here we come!!! (Apologies for off topic)

Best regards SBP

[skyship] 09/5/2014 07:33

BT - got my Monitor back this morning; but BBs still crocked. Is that the case for you too? Haven't been able to access the SHA thread for nearly a week!

[badtime] 08/5/2014 23:57

pffft..only halftime :)

tbh before the match i thought we would lose by more..if Derby had gone for it 2nd half and scored the third it would be game over..but they sat back and the bar and goalie saved them..draw would have been fair