Share Name Share Symbol Market Type Share ISIN Share Description
Altus Res. LSE:ARCL London Ordinary Share GG00B54BPN15 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 58.00p 0.00p 0.00p - - - 0 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 2.9 7.4 7.9 23.04

Altus Res. Share Discussion Threads

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no just watching at the moment
Off to flying start! First quote I could get was at 112.99 at 8.05am, almost 13% up on launch! Needless to say, I didn't take...Did you manage to get any, spob?
Yes you are right, I just didn't get around to doing a correct one
Hi spob. I presume this is a thread for the IPO tomorrow of Accrol, the discount/own-label toilet roll & tissue manufacturer? I believe the ticker is ACRL, not ARCL..? (according to Simon Thompson's recent review), don't know if its possible for you to change the header..? Apologies if I'm wrong, and it is actually Altus Res you're interested in, but having seen you on several other company threads that I invest in, suspect its not ! ;-)
wrong ticker
not so cool now though or a stonking buy perhaps
Announcement of NAV as at 31 January 2011 The Company announces that the unaudited net asset value per share has fallen 8.2% in January and has risen 123.1% since inception on 30 June 2009 to 211.99p, amounting to a net asset value of GBP84,202,133. - neither last month's rise nor this month's drop in NAV had any effect on share price. Clearly a cool cat.
Announcement of NAV as at 31 December 2010 The Company is pleased to announce that the unaudited net asset value per share has risen 15.6% in December and 143.0% since inception on 30 June 2009 to 230.8p, amounting to a net asset value of GBP91,688,429. Now we will see how this 15% increase in NAV in 1 month affects the share price.
Outlook – as provided by the Investment Manager, Altus Capital Limited "The outlook for the Company remains positive with further strength anticipated in metals prices and related junior mining equities. It is anticipated that the gold price will remain strong for at least the next eighteen months, given continued concerns over the speed of the global economic recovery, further quantitative easing in the US and fears over Euro-zone sovereign debt. In addition, central banks have become net buyers of gold and retail investment demand continues to rise particularly in Asia and the Middle East. A year ago, the Manager forecast a gold price of US$1,450 per ounce for the end of 2010 and, while there will be volatility and profit-taking which will cause pull backs in the commodity and related mining equities, we expect the price of gold to breach the US$1,500 per ounce level and rise as high as US$1,600 per ounce over the next twelve to eighteen months. Other commodities also have a positive outlook. The primary driver behind this outlook is the continued strong demand for raw materials from China and other developing economies. Chinese groups have made significant investments over recent years in industrial metal and mineral projects, and particularly in iron ore, copper and coal assets, but also increasingly in Western gold companies. Notably, portfolio company Kryso Resources, which is developing a three million ounce in Tajikistan, is negotiating a strategic 29.9% investment by China Nonferrous Metals. Uranium has also become an increasingly attractive commodity with the price rising over 10% in recent weeks to US$58.5 per pound. As with other commodities, much of this interest is being driven by demand from China. The French integrated nuclear group, Areva, recently announced a deal to supply 20,000 tonnes of uranium to the Chinese over a ten year period. This deal, worth US$3.5 billion, implies a uranium price of close to US$80 per pound of uranium which is well above the previous norms for long-term contracts of between US$70 and US$75 per pound. Rare earth elements, which are essential for many emerging and high-tech applications including the permanent magnets used in electric and hybrid cars, have also seen significant price gains in recent months. This price gain has again been influenced by China which controls over 90% of supply of rare earths and has been reducing export quotas. The Chinese have also been investing directly in the more advanced rare earth projects globally and look set to maintain their monopoly on this increasingly important mineral group. The platinum group metals market is also dominated by a single country with South Africa accounting for over 80% of global supply of platinum. Demand for platinum group metals is set to increase, driven by the rapid increase in the number of new cars in China and developing economies as well as an anticipated increase in the use of diesel engines (which require larger amounts of platinum) in the US. South Africa poses a number of issues for platinum group metals producers with power costs increasing by 25% this year and similar rises expected in 2011 and 2012. In addition, increasing industrial action is causing disruption at mines and other organisations throughout the country. The Manager therefore believes this creates an interesting tension in the platinum group metals market and anticipates that while the miners may struggle, metal prices will rise. The Manager has therefore invested directly in the metal through an exchange traded fund (ETF) but has also invested in Eastern Platinum, a junior producer with a very significant resource that offers leverage to a rising platinum price. Merger and acquisition activity across the whole mining sector is increasingly becoming a driver of value. Higher profile deals have been dominated by the mid-tiers and majors although this deal flow is beginning to impact the junior sector. An increasing number of the Company's portfolio holdings are either the subject of speculation about possible takeovers or have received takeover approaches. Recent deals in the gold space include the acquisition of Red Back Mining by Kinross for C$8.0 billion and the likely take-over of Andean Resources by Goldcorp for US$3.4 billion valuing its current resource at US$1,000 per ounce and pricing-in further expected resource growth. The Manager anticipates further takeovers of a number of its portfolio holdings and that M&A activity elsewhere in the sector will drive up the value of its holdings. A further driver of value is expected to come from the fact that resource equities and gold miners in particular have not performed as strongly thus far as would have been anticipated on the back of the metal price gains. Further value is expected to be realised as these higher metal prices flow through to increased margins and enhanced earnings in mining equities. For example, gold has gained 46% or US$428 per ounce since the Company's launch in June 2009 when the price was US$930 per ounce to the end of October level of US$1,358 per ounce, Major gold mining indices, the FTSE Gold Mines Index and the S&P/ TSX Gold Index, have risen 44.3% and 29.4% respectively therefore performing in line with and underperforming the metal. If we assume mine operating costs are US$550 per ounce (close to the industry average) and attribute a further US$200 per ounce for corporate overhead and non-mining costs, the total cost is US$750 per ounce. This cost structure would have realised an operating margin of US$180 per ounce based on the June 2009 gold price rising to US$608 per ounce based on the gold price at the end of October 2010, representing a 238% increase. We therefore anticipate that mining equities will continue to perform strongly even if there are no further advances in metals prices as these enhanced earnings are realised". End of Investment Managers Outlook report.
I'm thinking of switching some of my funds in "CF Ruffer Baker Steel Gold" to this one. I initially bought the Baker Steel fund to get exposure to a basket of junior gold miners. Although I don't much like unit-trusts it was the only suitable fund I could find at that time & it's done v well since. However, having recently seen this one, I would much prefer to shift some funds here as this has a broader remit & is not confined to precious metals' miners; also this being tradable "real-time" is an added advantage. Any thoughts or suggestions plz? tia.
Altus Strategies Adds To Its Firepower Ahead Of What Looks To Be An Interesting 2010 By Alastair Ford Even as most market participants were shutting up shop last December ahead of Christmas, one company was still doing the rounds. Altus Resource Capital has plenty of cause to look back on 2009 as a satisfying year. After raising a bumper £26 million in July, the company took a little under five months to find and identify enough equity opportunities to be fully invested by December. Any investors in Altus itself who want to know how all that's gone won't have long to wait – at the end of this month the first issue of a new regular monthly newsletter detailing the latest investment weightings and updated NAV per share valuations will go out. Ahead of the detail, the general feeling is that it's gone pretty well. Indeed, how could it not have done, given the ebullient nature of markets last year? All but those with exceptionally short memories will recall that July was some way ahead of the big run that gold went on in the second half of 2010. With its key focus on gold, Altus's positioning, and its timing were next to perfect. In a sense it's no wonder that the company went into December fully invested – there were opportunities all over the place. And no wonder too, that the Altus team felt there was room for more. That was certainly a sentiment that the backers of Altus shared too. Altus's prime mover, Steven Poulton, explains that several of his investors are major market participants who focus on companies a lot higher up the food chain than those Altus is typically interested in. These investors want to participate at the smaller end of the market, but have limited resources and too little time to do their own research. So Altus represents an opportunity to for one set of specialists to let another set of specialists go to work. At the end of last year, both sets of investors agreed that the market in 2010 would have more to offer, and Altus Resource Capital duly raised a further £14.66 million. That's easier to say than to do, even if markets are running your way, so it's a measure of the faith that Altus's investors have in Steven, and his consultants and advisers, that the deal closed off fairly quickly. It's helpful, of course, that the Altus mantra is keep it simple. The fund aims for 70 per cent exposure to gold, through a core portfolio of between 20 and 30 companies. "We recognize", says Steven, "that liquidity is an issue". Which is why the companies in the portfolio all look to be potential takeover targets, at least eventually. Lest anyone protest that you could say that about any company, it's worth knowing that Altus held a nice chunk of Kiwara, the copperbelt miner that's just been acquired on favourable terms by First Quantum, on just such a supposition. Steven seems slightly rueful that the first such takeover materially to affect his portfolio was outside the gold space, but profits are profits. Interestingly, Altus has steered clear of Kiwara's sister company, Jubilee Platinum. The new money will largely be spent on increasing the size of the funds' existing holdings, rather than on diversification. That may mean there's a buyer out there again for Kryso, a company of which Steven is now a director, thanks to Altus's stake. Shares in Kryso have crept up from 11.5p at the end of December to just over 13p in the first few days of January. We'll know more on that and other investments when Altus's market update comes at the end of the month. Meanwhile, at the other end of the market, in the world of what is sometimes referred to as "bottom-fishing" Altus's sister company Asterion [] is hard at work under the stewardship of Steven's long-time colleague Matthew Granger. Companies in this space that Steven tips as poised for a turnaround in 2010, and in which Asterion has shown an interest, include Serabi, on which we have reported in some detail on Minesite recently, and Triple Plate Junction, which, says Steven, has great assets but has rather lost its way lately. It will be interesting to see how those, and others that may go into the Asterion portfolio, fare in 2010. As Steven says, the market has started with a "rip-roar". Whether all boats will rise, though, remains open to question. Altus's backers at least, still think that this is a stock picker's market.
STATEMENT "ALTUS RESOURCE CAPITAL LIMITED Interim Management Statement for the period 30 June to 30 September 2009. Overview Altus Resource Capital Limited (LSE:ARCL) (the "Company") is a Guernsey registered, closed-ended investment company which listed on the Specialist Fund Market of the London Stock Exchange on 30 June 2009. The Company is pleased to announce that the unaudited net asset value over the period from launch to 30 September has risen 15.9%. Investment Objectives and Policy The Company's objective is to realise capital growth from a concentrated portfolio of junior resource equities and to generate a significant capital return to shareholders. The Company invests in companies engaged in the exploration, development and/or mining of metals and minerals with a focus on companies that operate in the gold sector. Portfolio companies will be predominantly, but not exclusively, listed or quoted on either UK markets or other recognised stock exchanges including the Canadian and Australian markets and typically will be capitalised at less than £100 million at the time of investment. Financial Highlights and Investment Review by Altus Asset Management Limited The unaudited net asset value of the Company increased to 110.1p over the period, showing a 15.9% rise. During the three months following the Company's launch on 30 June 2009, a total of £18.3 million has been deployed in 26 holdings. These holdings comprise junior mining and exploration companies as well as gold and other commodity exchange traded funds (ETFs). The Company has acquired its positions in the market and through participating in new equity issues. The Company has benefitted from its exposure to an improved junior resource market and in particular the rising gold price which gained 8.3% during the period to US$1,007/oz. By the end of the period the Company was 60% invested in gold equities and ETFs with these investments being the primary driver behind the Company's 15.9% increase in NAV. As at 30 September 2009 the Company had cash of £6.2 million. Outlook The outlook for the Company remains positive with increasing M&A activity within the gold sector and continued strength in the gold price since 30 September 2009. Following the mid-tier acquisitions of Moto Goldmines by Randgold and Sino Gold by Eldorado, further consolidation of the gold sector seems inevitable and is starting to spread to the junior market. In addition, the gold price appears to have found a new trading range above US$1,000 having reached a new all-time high of US$1,069 per ounce on 13 October 2009, as a result of which the portfolio has continued to benefit strongly. Investment Allocation At 30 September 2009, the Company's assets were allocated in the following approximate proportions: Asset Allocation by Commodity Asset Allocation by Geography Gold60.9% Africa34.4% Bulk Minerals6.1% Europe9.6% Base Metals4.6% North America0.0% Energy Minerals3.1% South America7.7% Platinum Group Metals1.6% Central Asia and Russia3.4% Diamond1.4% SE Asia5.9% Other0.4% Australasia8.0% Cash21.9% Other (ETFs)9.1% Cash21.9% Asset Allocation by Development Stage Production31.1% Development31.8% Exploration6.1% ETF9.1% Cash21.9% Material events Other than the information set out above, the Board is not aware of any events during the period from 30 June to 30 September 2009, which would have had a material impact on the financial position of the Company. Investor Information The latest available information on the Company can be accessed via This document is for information purposes only. It is not, and is not intended to be an invitation, inducement, offer, or solicitation, to deal in the shares of the company. The price of shares in the company and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of shares in the company. An investment in the company should be considered only as part of a balanced portfolio of which it should not form a disproportionate part. By order of the Board Altus Resource Capital Limited Administrative Enquiries: Shareholder Enquiries: Anson Fund Managers Limited Nimrod Capital LLP Tel: +44(0)1481 722260 Tel: +44(0)20 3355 6855 15 October 2009 E&OE – In Transmission END OF ANNOUNCEMENT"
Nice rise today, still too cheap imho.
A bit of news.
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