Acencia Share Discussion Threads

[simon gordon] 28/3/2012 13:59

SKY,

Investment Week have a piece on UK listed private equity investment trusts, you'll need to register to read it:

[skyship] 28/3/2012 13:32

Interesting - we may have seen a 1.175m buyback @ 82p today - a nice 1% chunk which will add £200k to the net assets; ie c.0.17p to the NAV/share - not a lot - but it all helps...

[skyship] 26/3/2012 08:38

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AcenciA Debt Strategies Limited - Transaction in Own Shares

AcenciA Debt Strategies Limited announces that on 23rd March 2012 it acquired 35,000 ordinary shares of nil par value ("Shares") for cancellation at an average price of 81p per share, representing an 18.85% discount to the net asset value per share as at 29th February 2012.
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[skyship] 23/3/2012 10:46

Looks as thought they're finding it more difficult to affect buybacks down at the 80.75p level...

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AcenciA Debt Strategies Limited - Transaction in Own Shares

AcenciA Debt Strategies Limited announces that on 22nd March 2012 it acquired 23,367 ordinary shares of nil par value ("Shares") for cancellation at an average price of 81p per share, representing an 18.79% discount to the estimated net asset value per share as at 29th February 2012.

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[skyship] 21/3/2012 15:27

Seeker - no matter - I found the route (eventually) through the Library!!!

Here's the Factsheet to end Jan'12:



...and herewith the Qtly Newsletter:

[skyship] 21/3/2012 15:14

Seeker - thnx for thatn - but unfortunately you've downloaded Saltus Euro Strategies instead of Acencia Debt Strategies. Could you perhaps find the ACD version?

Anyway, what is the process? Don't want to bother you every month to update the Header, so what did you do?

When I went to Saltus.co.uk I couldn't progress beyond those boring pages of who we are etc.

There must be a different route.

[seekerofvalue] 21/3/2012 14:34

SKYSHIP, here you go. I just had to go through the process I used last time, but temporarily could not remember.



Here also is:
Saltus European Debt Strategies Quarterly Investor Letter Q3 2011

[skyship] 21/3/2012 14:02

Seeker - in yr Post Mo.2 on this thread you stated as below, so I assume you managed to pick it up from Saltus somehow:

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Here is ACD's most recent fact sheet, you could add it to your header.


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[seekerofvalue] 21/3/2012 13:28

SKYSHIP, I don't know. You won't have to wait long for an update.

AcenciA Debt Strategies Ltd will announce its final results for the twelve month period ended 31 December 2011 on Tuesday 27 March 2012.

[skyship] 19/3/2012 17:53

148k trade @ 80.75p - likely to have been another buyback...

(certainly wasn't my earlier top-up!)

[skyship] 19/3/2012 14:55

seeker - how do I get hold of the most recent Factsheet to add to the Header?

[skyship] 19/3/2012 12:36

Made a small top-up @ 80.75p today...

[seekerofvalue] 19/3/2012 11:54

Sector positive signals:

'Golden age' foreseen for distressed debt sector February 26, 2012


Clock Ticks on Buyout Debt March 6, 2012, 11:03 a.m. ET

[skyship] 17/3/2012 16:37

15 March 2012

As at the close of business on 29 February 2012 the Company's Estimated Net Asset Value per share was as follows:

Ordinary shares - 99.74p

This reflects an increase of 1.1% versus the Net Asset Value per share on 31 January 2012

[skyship] 13/3/2012 14:47

And another 119k bought-in @ 80.5p yesterday. That's 3 buybacks over the past 3 trading days; totalling 339k at an average price of 80.74p.

[seekerofvalue] 12/3/2012 13:09

Sector positive signal:

Hedge funds witnessed US$20 billion in net positive asset flows, positive returns for all regions and strategies.

[skyship] 12/3/2012 12:44

AcenciA Debt Strategies Limited - Transaction in Own Shares

AcenciA Debt Strategies Limited announces that on 9(th) March 2012 it acquired 205,000 ordinary shares of nil par value ("Shares") for cancellation at an average price of 80.87p per share, representing an 18.04% discount to the net asset value per share as at 31(st) January 2012.

[skyship] 29/2/2012 11:49

Yet another positive signal:

On 21st February 2012 AcenciA Debt Strategies Limited (the "Company") was notified by Mr M J Gross, President of Sandalwood Securities, the Company's Investment Adviser, that on 15th February 2012 he acquired 50,000 shares in the Company at 79.16p per share and that following this purchase he is interested in 836,806 shares in the Company (representing 0.7% of its issued share capital).

[skyship] 27/2/2012 16:22

Over the past fortnight we've see ACD buy back 60,000 shares @ 79.5p - a 19% discount; and we've seen the Company's Investment managers (Saltus Partners) increase their stake from 6.93m to 7.59m shares (6.36%). We've also seen the NAV amended upward slighly to 98.67p as at end Jan'12.

The more I look at this the better I like it. From the dividend, the 3yr growth to liquidation and the likely portfolio upside, seems to me that we should be looking to perhaps a 12% GRY to Qtr1'15.

[skyship] 15/2/2012 17:36

RNS out:

Acencia Debt Strategies Limited announces that on 14(th) February 2012 it acquired 30,000 ordinary shares of nil par value ("Shares") for cancellation at an average price of 79.5p per share, representing a 19.39% discount to the estimated net asset value per share as at 31(st) January 2012.

[skyship] 13/2/2012 15:33

A good rise in the NAV in January:

[praipus] 10/2/2012 22:48

Thanks Seeker for the idea and Skyship for the thread. PI team_ work at its best.

Looking at the ACD share register Newton Investment Manage_ment whom I consider an active value investor are the largest holder which I think should give PI's an additional degree of comfort.

I'm tracking the rest of Newton's holdings here:

[skyship] 10/2/2012 16:28

Thanks Seeker - Factsheet added to the Header

Starting with the next factsheet I'll place it as an Appendix at the bottom of the Header.

[seekerofvalue] 10/2/2012 15:18

SKYSHIP, very kind of you to start an individual thread. ACD''s very first on ADVFN. I am hopeful that in the current environment, they can navigate themselves into some profitable positions. Also of note is that Newton Investment Management holds a stake.

Here is ACD's most recent fact sheet, you could add it to your header.