Acencia Share Discussion Threads

[tiltonboy] 15/1/2013 16:22

I'm meeting them on Thursday; will report back.

[badtime] 15/1/2013 16:09

Gonna buy a few more then sky

[skyship] 15/1/2013 16:00

Nice trade Mr Gross - now 89.5p-90.0p!

At 90.0p the GRY on my stats is still 10.29%; so what's not to like even now...

[skyship] 14/1/2013 11:27

Frankly, you can't find a more bullish RNS than this one, other than perhaps the one issued earlier today of course!

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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

On 11(th) January 2013 AcenciA Debt Strategies Limited ("the Company") was notified by Mr M J Gross, President of Sandalwood Securities, the Company's Investment Adviser, that on 11(th) January 2013 he acquired 210,000 shares in the Company at 88p per share and that following this purchase he is interested in 1,046,806 shares in the Company (representing 0.9% of its issued share capital).
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[skyship] 14/1/2013 09:54

It is certainly proving correct to assume some portfolio growth in the Gross Redemption Yield calculations:

==============================================
14 January 2013

As at the close of business on 31/12/12 the Company's Estimated NAV was:

Ordinary shares - 103.24p

This reflects an increase of 1.5% versus the NAV on 30/11/12.
==============================================

[badtime] 14/1/2013 09:27

Dam jaws u beat me to it lol

[jaws6] 14/1/2013 09:26

103 NAV RNS out

[badtime] 02/1/2013 13:42

Not bad at all

[skyship] 02/1/2013 12:25

87.5-88.0 - now that's what I call a good start to The New Year!

[skyship] 27/12/2012 15:49

SoV - I view it in similar vein; though if you do the stats - slow and sure wins the game. Your entrypoint of, say, 80.5p to the now 86p, allowing for the 3.46p of the two dividends, means a return of 11.1% thus far.

There's a living out of that sort of Capital Preservation!

[seekerofvalue] 26/12/2012 10:10

SKYSHIP,
Yes I have held position in ACD since early February, just prior to you starting this informative thread.

I don't have any targets for ACD. The emerging and distressed debt market themes appear to have some legs, so I will continue to hold ACD as a capital preservation vehicle.

[badtime] 20/12/2012 22:19

Yep ..nice and comfy ..might add if HPEQ hurry up and do the business with that tender! ..one more day!

[skyship] 20/12/2012 17:50

Nice move. That 85p resistance may now provide support:

[skyship] 20/12/2012 07:21

As predicted, final NAV higher than the estimate.

(OK- only 1/100th of a p!!!)

================================================
20 December 2012

As at the close of business on 30 November 2012, the Company's Final Net Asset Value per share was as follows:

Ordinary shares - 101.74p
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[jaws6] 19/12/2012 09:18

tiltonboy
Tks ,they got some as you said.good info.

[tiltonboy] 19/12/2012 07:30

Not a massive holding, but I think ACD have got 3.6% of the portfolio in this one:

[skyship] 14/12/2012 13:07

Another small uptick in the NAV. This is the estimate. £ to a p the final figure will be slightly better...

==============================================
14 December 2012

As at the close of business on 30 November 2012 the Company's Estimated Net Asset Value per share was as follows:

Ordinary shares - 101.73p

This reflects an increase of 0.6% versus the Net Asset Value per share on 31 October 2012.
===============================================

[skyship] 27/11/2012 14:44

SoV - you obviously have a position here - as have I. I've granted it a maximum 10% allocation in my SIPP portfolio as I see the Gross Redemption Yield to full repayment by 30th Mar'15 as being minimally 12%.

Do you mind stating what your target(s) might be?

Incidentally, if I split the payout dates to 20% @ 30/06/13 and the balance of 80% to 30/03/15, then the true GRY inc. dividends actually rises to over 14%.

NB: That assumes no capital gain in the portfolio - and I believe that also to be a conservative assumption.

[seekerofvalue] 27/11/2012 13:10

SKYSHIP

Thanks for adding the link the factsheets.

Related news:

3 Risks to Emerging Market Debt Nov 26


Guest post: why EM bonds are strong, cheap – and safe Nov 26


Emerging Market Debt's Growing Appeal Nov 20

[skyship] 26/11/2012 16:47

Monthly & qtly factsheets can now be found on the new company website:



This can now also be found at the end of the Header.

[praipus] 13/11/2012 12:20

If you cant beat them join them:-)

Just in case anyone here doesnt know I track Weiss and other arbitrage type investors activities on the WAM thread

[skyship] 13/11/2012 11:08

Absolutely - paying 80.912p to take some of the Seven Asset Management stake, now up to just under 10%. Already fully committed, otherwise I would be adding today.

[tiltonboy] 13/11/2012 11:04

Nice to see Weiss buying a chunk of ACD.