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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aurrigo International Plc | AURR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 95.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 95.00 | 95.00 | 95.00 | 95.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 10/4/2015 11:04 by papy02 I'm only paying attention to Tim Slesinger selling his full 15%.That says a director holding a large stake thinks more than 10p from here is not a slam dunk. I would have increased my stake if he had sold materially less than his entitlement, but as it is, this is bearish, so I will stick. I can understand other non-BoD (pension funds etc) preferring the certainty of 10p for 15% of their holding - given this is now a roll of the dice on what Unistream can be sold for, and there is no recent guidance from AURR on their expectations - so I don't think this non-BoD takeup is necessarily bearish. |
Posted at 07/4/2015 15:34 by papy02 Azalea, do you have a link re your 460? I can't see an RNS or other news re John Walton (BTEM) 5% stake? Many thanks.Are you a holder, may I ask? Do you have a view on the 10p share buyback on April 10th? It seems light on details - no director intentions re their holdings, no NAV comments. I've speculatively bought a small position today at 10.74p, as - "The Directors will receive a net reduction in fees until distributions to the Shareholders exceed approximately GBP5.3 million", which I make over 12p/share after this buyback (assuming full takeup of the buyback at 10p, and that my maths is right!). The new advisor performance incentive also cuts in at £5.3m - My estimate of proforma NAV comes out at 18.3p/share after the buyback (again if full takeup), assuming no change in the Rouble valuation of Unistream (but allowing for Superstroy sale, rouble depreciation vs £, other costs and fees, etc). Against that, AURR NAVs have been all over the shop (admittedly in an unprecedented environment). - What they will actually get for their Unistream stake is unknowable. If the outcome is anything like happened with Superstroy (sold for over double the last book value) then there is a lot of upside. The last Superstroy book value was savagely marked down before then selling at that premium. Unistream stake was not marked down (in fact up a bit) in the last results but maybe a similar kitchen sink pessimism was applied? Against that, an up to 6-12mo schedule to sell it may encourage a fire-sale approach by potential buyers of the stake? - The Directors have a significant interest, in the shape of Tim Slesinger (who historically sold OSD to AURR and still has a sizeable AURR holding afaics) so the BoD is hopefully more aligned to shareholders than in the typical closed-end fund windup. He participated in previous tenders. It will be interesting to see if he participates in the Buy-back. I suspect he will, but if he doesn't that would be a further bull point. - Obviously there are no end of risk factors - rouble, Ukraine, effect of sanctions, etc etc. So a speculation not an investment. Not for grannies/orphans. Comments and thoughts welcome. |
Posted at 11/12/2014 20:11 by praipus Happens a lot Skyship, and buys showing as sells....strange world.Have you got any AURR? Tracking Greenwood and others Weiss, Laxey, Lars. Damille etc they all seem to do it disguising trades? or clerical errors? who knows. |
Posted at 30/4/2014 09:08 by azalea I'm using Morningstar data which lists AURR. The 'indicated buy/sell volumes for Monday and Tuesday were 684,392/588,404 and 364,380/21,801,respe |
Posted at 13/12/2013 12:20 by horndean eagle Huge writedown in remaining portfolio and the commentary doesn't sound very good. I was amazed they got the disposal they did make at the level they did and thought that maybe I had totally got AURR wrong. Even with the discount I wouldn't be tempted at present. |
Posted at 05/8/2013 16:02 by azalea Simon Thompson(IC) has covered AURR extensively,most recently 23/7. He concludes that assuming the sale of Flexinvest, investors have a virtually free ride on the disposals of BOTH(my caps)Superstoy and Unistream. S.T. continues to give a 'buy' recc with a target price of 40p |
Posted at 24/7/2013 15:31 by azalea TRE share price is at an even greater discount to its NAV than AURR, by some 17%. Once the 15p payment is made, I expect recipients to return for a further bite of the apple. |
Posted at 23/7/2013 14:31 by azalea Simon says,"its fair to say that investors have yet to work out the true worth of AURR". Together with his tip on TRE, cash and the disposal of assets, both provide a non stressful free ride. |
Posted at 22/6/2013 15:44 by azalea blondeamonNo worries. From Simon Thompson's latest assessment of AURR, all going well, we could witness amongst other things, the following:- 1. IF the OSG year end accounts 31 March 2013 meet management expectations, then 30 days after they are signed off, £2.8m held in escrow with Deutsche Bank, will be released to the company. 2. This year we are still expecting the currently marketed for sale of one or more of the following assets -Flexivest bank, DIY retailer Superstoy and Unistream Bank. The directors have prudently put their combined value at £32m, (£9.1m less than the carrying value end of 2012). Simon Thompson calculates that AURR book value is 52.9p and on a 32.75p to 33.5p spread, its market value of £24.5m is a "hefty 38% below AURR's NAV. 'In the round',S.T. concludes with statements After deducting management fees, realisation fees and operating expenses- before the wind up of the company. "I still arrive at a sum of the parts value well north of 40p a share. I have a 3 month target price of 40p. BUY. |
Posted at 13/6/2013 09:02 by azalea So you had an account with both brokers each holding separate amounts of AURR shares in your name?I did not realise that each broker was allotted a certain amount of shares and could allocate them to their other clients if the quota was not otherwise taken up. It was my understanding that AURR restricted allocations to shareholders on an individual basis of 36.9%, as stated by the company. I too, submitted 100%. You and a few others here were very fortunate. I wonder how many other holders like me, were not aware of this arrangement? |
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