Alternative Liquidity Share Discussion Threads

[hugepants] 09/6/2017 11:18

yes excellent.

[skyship] 08/6/2017 18:01

OK - not 50% - but I'll settle for 48%!
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RETURN OF CAPITAL:

The Board is pleased to announce that it has resolved to return an amount of 2.5 cents per share to shareholders, being US$3,666,110 in total based on the current number of shares in issue. This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption of those B Shares.

[skyship] 05/6/2017 08:17

Recent redemptions were:

# 5.5c in Nov/Dec'16
# 2.0c in Sep'16

With 5.2c in the bank; we look to be overdue release of perhaps half of that...

[hugepants] 04/6/2017 20:19

Quite.

5 cents a share in cash now

[skyship] 03/6/2017 06:04

March NAV up another 2.6% to 79.02c

[skyship] 25/5/2017 13:08

Bought a few at 18c last week; only a few but difficult to assess the underlying values. Still, as has been said, the discount here surely too large; whilst the run of higher lows on the chart suggests a rise to 25c quite likely...

[zcaprd7] 25/5/2017 09:54

Things seem to be panning out here. I missed my chance. Still, gfir doing OK, thanks for that one!

[hugepants] 24/5/2017 11:03

February's update:

Another $0.2M proceeds received from portfolio disposals and another $0.3M expected soon. Pretty good going. NAV of 77 cents

[rjmahan] 19/4/2017 20:42

True - but if they add $15m to the NAV they then charge fees based on the NAV so we could end up paying more in fees than we get back - if it takes long enough...

[hugepants] 19/4/2017 19:39

"We have paid $1M for a portfolio with a NAV of approximately $15M. We expect to recover $3M over the next few years"

If they expect to recover $3M in total why did they say the NAV was $15M?

[rjmahan] 19/4/2017 17:42

They shouldnt add $15m if they say they are going to recover $3m - don't encourage that sort of behaviour !

[hugepants] 19/4/2017 12:07

Fact sheet for up to end Jan 2017 was released on the website yesterday.


NAV = 76.8 cents

They've agreed to sell the remaining GLG holding over the next 12 months. This will bring in 1.75 cents by my calcs.

They also say they've recently bought some assets off a liquidator. They claim to have paid $1M for $15M of NAV! They say they expect to recover $3M (2 cents per share) over the next few years and have already received $200K. It will be interesting to see if they add the $15M from this acquisition onto the total NAV of the company. If they do that would add 9 cents to NAV.

[zcaprd7] 18/4/2017 07:26

No wonder I can't get hold of any at a good price...

[hugepants] 11/4/2017 18:27

There was quite an interesting holding RNS yesterday



Deutsche Alternative Asset Management (UK) Limited have increased from below 3% to 16.52%

[hugepants] 23/3/2017 20:58

Interim results out today.


NAV of 75 cents. That's after returning 7.5 cents to shareholders over the course of the year. Discount to NAV is 78%.

They say they will make a further return of cash once they make another disposal. However they have net cash of about $7M (4.5 cents) so not sure why they cannot make an immediate distribution of 1-2 cents?

[zcaprd7] 02/3/2017 17:10

Hmm, do you think I'll get another chance?

[hugepants] 13/2/2017 23:34

The November fact-sheet is on the website. They seem to put them online on a couple of months delay. NAV of 76 cents with 2 of the smaller positions increasing in value by $1 million. NAV holding up very well so far which bodes well.

[hugepants] 25/1/2017 11:16

I'd say so. The whole point of this company is to liquidate the assets and return cash to shareholders so yes, we should expect them shortly to return the $2.5M (1.7c) they recently received.

[zcaprd7] 24/1/2017 00:07

I can't work this one out at all! Are we expecting another redistribution?

[zcaprd7] 19/1/2017 13:26

Missed my chance there to get in?

[hugepants] 18/1/2017 23:25

we're probably due a monthly fact-sheet.

[zcaprd7] 17/1/2017 15:46

Perky here today, any news?

[hugepants] 03/1/2017 22:22

yeah this really needs to be renamed the Alternative ILLIQUIDITY Fund.

[rjmahan] 03/1/2017 21:40

That will be why the price went up...

[hugepants] 03/1/2017 16:20

Bought a few more of these today.