Athelney Share Discussion Threads

[topvest] 21/8/2006 21:33

I'm still here - this is a real steady as she goes share if there ever was one!

[mctmct] 21/8/2006 10:53

One for the collectors, then temelco!

Any views on where the price is going?

mct

[temelco] 27/6/2006 11:35

do you know that Athelney was one of the original 10 AIM shares.

[mctmct] 27/6/2006 11:33

Anyone still in here? Any news/views?

[Abuse team] 25/3/2006 15:01

Post removed by ADVFN

[mw8156] 25/3/2006 14:22

Guess the NAV may have been about 155.5 at the year end and about 167 now.

[mw8156] 20/8/2005 14:15

Guess the NAV could be 147.5

[mw8156] 18/6/2005 18:13

Little plug in the Indie yesterday.

[topvest] 09/4/2005 17:04

I agree on the AIM listing rules point. Probably worth giving them a call on 0207 222 8989. I'm 95% certain that they don't qualify for accelerated taper relief as they are an investment company.

[mw8156] 09/4/2005 12:45

Looks cheap but very difficult to deal in and a wide spread as well. No reference to the AIM listing rules in the results announcement; does this mean that they do not apply to ATY.
Does ATY also enjoy the tax advantages ie Inheritance and capital gains tax of other trading AIM COMPANIES?

[topvest] 08/4/2005 13:34

Results were strong. A good long term hold this co. imo.

[mw8156] 20/3/2005 15:42

Perhaps ATY could merge with an existing smaller companies investment trust eg Gartmore Fledgling/Smaller or Henderson Strata which is looking to move into microcaps ? It would be a pity if it had to do this because a small fund like ATY is the most effective at this end of the market.

[topvest] 19/3/2005 09:42

Anyone know how the new AIM rule impacts?

"(ii) Existing investing companies: Those investing companies admitted to AIM prior to 1 April 2005 which raised less than £3 million on admission, will need to make an acquisition by 1 April 2006 constituting a reverse takeover under the AIM Rules. Where an investing company raised more than £3 million on admission this requirement will not apply but such companies must adhere to the guidance for new investing companies set out above."

My reading of this and the earlier consultation is that unless some sort of derogation is received for their stated investing strategy, ATY will get delisted in due course along with a number of such companies.

[mw8156] 19/2/2005 15:44

Guess the NAV is over 142p so not surprising there has been some nosey buying of late - not by me since this is almost impossible to deal as itis a residual stock.

[mw8156] 18/7/2004 14:22

Big volume in ATY on friday WHY?

[mw8156] 13/6/2004 13:54

Stockpicking hasnt been quite so hot of late but the discount is still wide and overall reasonable value if the market as a whole holds up IMO.

[pylon] 02/5/2004 13:02

Oh. Thanks.

[pylon] 01/5/2004 14:15

Do they still have a steak in Dinkie Heel?

[mw8156] 01/5/2004 11:54

Their stake in Wynnstay Farmers is coming good.

[mw8156] 06/4/2004 19:33

Simon Evans
Cant fault them buying into patientline and cardpoint rok property though?
Agree with your comments about Collins and Hayes and J Beattie but it appears that Private and COMmercial has been disposed. pity they disposed of ESA inview of todays rise!

[mw8156] 06/4/2004 19:07

Results better than i expected with a lower than expected deferred tax liability but a little disappointed in the divi increase and disappointed also that they invested in cobra but overall highly satis.

[simonevans] 06/4/2004 18:44

Results today - definitely "steady as she goes" - must admit that I am not that impressed.

My diversified portfolio of small caps has significantly out-performed theirs over the last year, so they have not exactly done that well out of the small cap bull run. Not sure that I am that impressed with their investments in the year - some real dogs included - Private & Commercial Finance (just announced a second profit warning), James Beattie - struggling with Bham store - wrong time to buy as probably going lower?, Collins and Hayes - don't like this one at all, Park Group - missed the boat completely, Photo Scan - margins under pressure etc. etc. Only one that I would have gone for when they did - NBA Quantum.

Portfolio Review

During 2003, new purchases were made of the following: James Beattie, Park
Group, Rok Property Solutions, SecureBanking Trust Group, Vp, Alliance Pharma,
Cardpoint, Cobra Bio-Manufacturing, Collins & Hayes, Ideal Shopping Direct,
Oasis Healthcare, Patientline and a further 11 existing holdings were increased
in size.

Plasmon, Radstone Technology, Intelek, NBA Quantum, Estates & Agency, CRC Group,
Alphameric, Gowrings, Delcam, MTL Instruments, Photo-scan, James Cropper,
Private & Commercial Finance, Springwood, Ideal Shopping Direct and Dicom Group
have all been sold. Several other shares were top-sliced.

[simonevans] 06/3/2004 18:12

Don't know the details, but I think it is quite difficult to convert to an investment trust. I can't see that happening. This is a "steady as she goes" investment!

[mw8156] 06/3/2004 12:34

This would be an excellent buy if it was an ordinary investment trust since the discount may now be as much as 50%. We dont know as they havent revealed their figures yet for year to 31/12/03.. But as an investment company there is a large deferred tax liability of perhaps 15p a share or more. This protects the downside.
Does anyone know why they cant run it as an investment trust or seek similar status?