Assetco Share Discussion Threads

[rjmahan] 08/1/2021 21:09

No worries Konrad... Big buys today - I suspect this will be turned into a 'growth' vehicle - not my cup of tea...

[velocytongo] 08/1/2021 19:44

This is like those SPACs. Enjoy the ride!

[konradpuss] 08/1/2021 19:23

rjmahan, I would not be here but for you. I thank you for that.

I wonder what is in the mind of the buyer of your shares today?

[zcaprd7] 08/1/2021 19:08

Well done all, I missed out on this one... Any new targets?

[rjmahan] 08/1/2021 15:57

Sold the rest now... Not wanting to be in Mr Mills investment vehicle - but best of luck to those that are staying... 4.40 being paid for shares now...

[rjmahan] 14/12/2020 21:01

Tendered all.

[konradpuss] 14/12/2020 19:24

I also tendered all.

[velocytongo] 14/12/2020 09:52

I tendered the lot

[boystown] 14/12/2020 09:25

So are people tendering some or all their shares? Deadline 5pm acc' to EQI

[konradpuss] 02/12/2020 07:31

Tender offer announced for part of the G.F. settlement at £4.11 per share.

In the RNS it also states Tudor Davis gets a 15% reward fee of the G.F. settlement paid in shares. Nice work if you can get it!

[konradpuss] 20/11/2020 19:38

I see the liquidators for Patisserie Valerie might have ago at Grant Thornton.

I wonder what Grant Thornton's P.I. costs!

No news on the distribution, what are they waiting for?

[konradpuss] 07/11/2020 20:03

I am wondering when they will distribute.

They must have received the money by now.

[velocytongo] 04/10/2020 15:15

Not sure Goals is a result !

[konradpuss] 04/10/2020 13:25

Topvest, that is interesting.

I would still prefer the cash currently.

I wonder how long it will take to distribute?

[topvest] 04/10/2020 13:19

Actually he's such a genius that he hasn't lost money on AssetCo. I can't quite remember now, but part of the original investment wasn't in ordinary shares. Page 14 of NASCIT annual report for 31 Jan 2020 year-end. Cost £10,162k Valuation £12,238k + the share price is up significantly since then. I would go as far as to say that Chris Mills is the best activist small cap investor of his generation. His long-term record is superb.

[velocytongo] 04/10/2020 13:11

Mills has lost so much on this investment that backing a good private company into will allow him to recoup losses

[topvest] 04/10/2020 12:15

There is a chance, I suppose, that Harwood Capital decide to use Assetco as an investment vehicle. Its a good time to be sitting on so much cash to invest if Harwood were investing it for you!

If the money is repaid you might still end up owning shares in a listed shell.

[konradpuss] 03/10/2020 19:45

Velocy, there will be a distribution.

I am assuming the distribution will not be by way of a tender offer with a cancellation of your shares.

[velocytongo] 03/10/2020 19:37

Topvest .. if the money is repaid, do we still retain shares in the vehicle .. which wld be a free option ! VT

[konradpuss] 02/10/2020 20:16

The costs and interest could add a few quid.

[topvest] 02/10/2020 18:12

Chris Mills will want the cash I suspect. He doesn't play around with shell companies as far as I have experienced. I suspect they might use the listed shell for something once the money has been returned. A bad day for GT!

[konradpuss] 02/10/2020 16:48

Very good news indeed.

[value hound] 02/10/2020 15:55

Yep - GT aren't taking it further - now a NAV /cash shell of £52m / >425.8pps

[konradpuss] 18/9/2020 18:26

I would much rather have the cash.

If you rate Chris Mills, I think you can invest in one of his funds.

I am actually optimistic that Grant Thornton will not appeal as interest is running at 8% per annum.

If they do, I think that it is much less than 50:50 that it will get heard by the Supreme Court.

[velocytongo] 18/9/2020 17:56

So AssetCo is effectively a cash shell now. Surely, it makes sense to buy a good a business at a reasonable price and we (and Chris Mills) can make some decent money.
VT