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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% | 101.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 101.00 | 101.00 | 101.00 | 101.00 | 101.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 22/4/2015 10:52 by stemis If anyone is interested, here is the web site for Unistreamhxxp://intl.unistrea and here are the sets of accounts hxxp://intl.unistrea Net asset value(31.12.13) was RUB 860m (£10.3m) and it made a profit after tax of RUB 124m (£1.5m). I don't think things have improved since then. So is our 26% stake worth more than £2m? Maybe.... Is it worth the £8.4m it's in the accounts at? Seems unlikely.... |
Posted at 11/12/2014 17:14 by skyship A rather bizarre Holdings RNS today. States that NJ Greenwood - one of the UK's star private investors - topped up his holding with another 300k to take him to 4.553m (10.2%).The last Holdings statement for NJG was back before the May Tender - 4.007m (5.4%). The implication is that he didn't tender his holding; but that would have been extremely unlikely. More likely that he did tender; and also bought out the Canadian pension fund which sold 3.97m shares on 21st May. But we should have received transaction statements... |
Posted at 10/3/2014 15:14 by inki Simon Thompson's recc - main points......That's because even after a series of asset write-downs on Aurora's remaining three investments, Aurora's net asset value per share was still 40.7p at the end of September 2013, albeit down from 55p in March 2013. To put the value on offer into some perspective, with the company's shares trading on a bid offer spread of 19.5p to 20.5p, then based on 74.7m shares in issue Aurora's market capitalisation is £15.3m, or half the last reported book value of £30.2m. That is quite an extreme share price discount once you factor in a series of transactions that have taken place since September to bolster the cash pile. It's also worth flagging up that the company is cash rich and is not a forced seller of its assets, so can bide its time to attain the best prices from its asset disposal programme. ----- It seems to have been completely missed by investors that Aurora's board have stated in a release last month that they will be making an announcement on a further return of capital. It's only reasonable to assume that this will be carried out by the same tender offer process as last year with shares in the company being purchased most likely at the March 2014 year-end net asset value. |
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 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 30/4/2013 12:24 by azalea But still a rise on the day with an absolute certainty of making a profit from this level on whatever shares investors sell in the T.O. Moreover, this method may be repeated when one or more of the remaining three stakes are sold. The only LOL I hear is my repeated journies to the bank. S.Thompson will no doubt be reporting on events tomorrow. |
Posted at 30/4/2013 09:36 by azalea Have I got this right.The AURR Board is offering to buy up to 38,237,554 for 52.3048p a share? If so, given that AURR has 112.5m shares in issue, what if investors collectively want to sell more than the Board want to buy? Is the qty each investor wants to sell scaled back pro rata? |
Posted at 20/3/2013 15:44 by davebowler Hopefully OSG proceeds will be paid out as a capital distribution;Budget 13: Government extends tax relief for Seed EIS 20 March 2013 | By Tanzeel Akhtar Chancellor George Osborne has announced that capital gains tax relief for seed enterprise investment schemes will be extended. In his Budget 2013, the Chancellor said he plans to maintain the 50 per cent tax relief to encourage private investment. SEIS offers tax reliefs to investors in smaller, higher-risk companies, in order to help these enterprises raise finance. "Our Seed Enterprise Investment Scheme offers generous incentives to investors in start ups," Osborne said. "My HF for Braintree and David Young have done a great job helping promote it around the country. They have asked me to extend the CGT holiday - and I will." The government will legislate to provide a 50 per cent relief against CGT chargeable on gains realised in 2013-14 and which are reinvested in the SEIS in 2013-14 or 2014-15. Seed Mentors founder Harvey Shulman, who runs the Seed EIS Fund One, says: "The extension of the CGT deferral means the potential tax relief available on SEIS investments remains incredibly attractive. "This means Seed EIS will continue to offer unbeatable tax reliefs and represent an on-going opportunity for investors to back start-ups and be well-rewarded for doing so with the potential for an extremely attractive return on their money." |
Posted at 19/3/2013 12:26 by azalea Even if the 180k wwere all sells ,in the scheme of things, not really a large trade. The seller must be desperate given the imminent significant return of cash to investors. |
Posted at 15/2/2013 21:14 by gingerplant He's the main "value" tipster for the Investor's Chronicle who recently pointed out that Aurora's shares trade at less than half net asset value, and the board plan to demerge its major investment and list it separately on Aim in a few months' time.He said the company's 92.8% owned subsidiary, OSG, which plans to list on Aim after Aurora has published its full-year results to end March is a flotation that will appeal to UK investors since OSG is a fast-growing and profitable records management provider with operations in Russia, Poland, Ukraine and Kazakhstan. OSG's core market is Russia, accounting for 70% of its income, where it is a market leader servicing the needs of international and regional blue-chip clients in the banking, telecoms, retail, insurance and service sectors. The bulk of the remaining revenues comes from Poland. The business involves the processing, scanning and safe storage of documents and data through online technology and a network of specialised service facilities. OSG reported cash profits of £1.7m on revenues of £11m in the six months to end September. It's fast-growing as turnover rose by 19% in the half year, which translated to a £500,000 rise in cash profits given the operational gearing of the business - which show no sign of slowing. With annualised profits around £3.4m and growing fast, a carrying value of £29.9m on the 92.8 per cent stake held by Aurora looks sensible. The Aim listing of OSG should also provide the company with some significant gains - since making its initial investment of £5.3m for a 37.1 per cent stake in 2006, Aurora has made further investments of £9.2m to take complete control of OSG as well as providing loan facilities of £3.4m. The investment case becomes even more interesting when you consider that Aurora's £29.9m stake in OSG, worth 25p a share, accounted for 43% of the company'sNAV of £70m, or 62.3p a share, at the end of September. Factor in cash of £2.1m on the balance sheet and £700k of property assets up for sale, and the current share price is virtually covered entirely by property, cash and that stake in OSG. That leaves holdings in three remaining investments in the price for free, including a 26% stake in Unistream Bank and a 24.3% stake in Superstoy, a leading DIY retailer in Russia. These are in Aurora's books at £13.6m and £14.3m, respectively, or £28m in total - but could be worth 24.8p a share. There could even be a cash distribution from Aurora's wholly owned subsidiary Flexinvest Bank. All in all - excellent value! |
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