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Share Name Share Symbol Market Type Share ISIN Share Description
Avi Global Trust Plc LSE:AGT London Ordinary Share GB0001335081 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  11.00 1.52% 737.00 138,316 16:35:15
Bid Price Offer Price High Price Low Price Open Price
737.00 739.00 742.00 725.00 742.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 26.21 21.83 19.08 38.6 804
Last Trade Time Trade Type Trade Size Trade Price Currency
17:18:05 O 186 737.037 GBX

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Date Time Title Posts
19/9/202016:10AVI Global Trust82
28/10/200813:36change your broker sans i am not a happy investor15
26/10/200812:26Argonaut Games Shareholders' Action Group (AGSAG)124
30/12/200723:19Aldgate Capital Plc5
08/6/200513:08AGM 2003 Meeting9,175

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DateSubject
26/9/2020
09:20
Avi Global Daily Update: Avi Global Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker AGT. The last closing price for Avi Global was 726p.
Avi Global Trust Plc has a 4 week average price of 708p and a 12 week average price of 680p.
The 1 year high share price is 802p while the 1 year low share price is currently 493.50p.
There are currently 109,069,633 shares in issue and the average daily traded volume is 184,475 shares. The market capitalisation of Avi Global Trust Plc is £803,843,195.21.
23/6/2020
09:37
davebowler: One of our holdings- Liberum- Pershing Square Holdings Additional $100m share buyback programme Mkt Cap £3,031m | Prem/(disc) -31.2% | Div yield 1.7% Event Pershing Square Holdings has announced a further $100m share buyback programme. Any shares acquired will be held in treasury. The existing $100m buyback programme commenced on 16 April and is 84.5% complete. In total, the company has acquired $762m of shares since the first buyback programme in May 2017. Liberum view The buyback programme will be the second by Pershing Square this year following the completion of three programmes totalling $300m in 2019. Share buybacks added 1.9% to NAV in 2019 and 0.8% in Q1 2020. The renewal of the programme is in line with guidance from the company and it has authority to purchase up to 14.99% of the shares in issue. The manager has a clear preference for buybacks over tenders, believing the latter favours opportunistic investors. We expect the company will remain proactive in taking steps to address the discount and we regard the current discount as highly attractive, especially given the record 58.1% NAV total return in 2019. As of 16 June, PSH had delivered a 29.3% YTD NAV total return, compared to a 25.9% share price total return (S&P 500 TR -2.6% over same period). This has resulted in the discount widening to 31.2%, despite the liquid nature of the portfolio. The manager has a strong alignment of interests with shareholders, regularly purchasing shares in the company. At 6 April 2020 the manager owned c.22% of the shares outstanding.
07/4/2020
13:13
davebowler: HTtps://www.aviglobal.co.uk/content/uploads/2020/03/AVI-Global-Trust-2020-FEB.pdf Extract- At the time of writing (12.03), AGT’s double discount (which combines the portfolio discount with AGT’s share price discount to NAV) was 47% – the widest level since 2006, exceeding even those reached during the 2007/8 financial crisis (39%) and the Eurozone crisis (41%).
07/4/2020
09:53
davebowler: Liberum - (c.8% of our portfolio) Pershing Square Holdings Record year for NAV performance in 2019 Mkt Cap £3,031m | Prem/(disc) -36.1% | Div yield 2.3% Event Pershing Square Holdings delivered a NAV total return of 58.1% during 2019, the highest return generated by the manager since inception of the strategy in 2004. This compared to the S&P 500, which increased 31.5% over the same period. From 1 January to 31 March 2020, the company's NAV has increased 3.3% compared to a 19.6% decline in the S&P 500. NAV performance in 2019 was driven by particularly strong share price performance from Chipotle (+93.9%) and Hilton (+55.5%), which were both relatively large positions in the portfolio. During the year, PSH made new investments in Agilent Technologies and Berkshire Hathaway and exited its positions in Automatic Data Processing, Platform Specialty Products and United Technologies. It also exited its position in Starbucks in January 2020, although has since made a new investment in the company following the decline in share price caused by the outbreak of Covid-19. Over the course of 2019 the company approved share buyback programmes totalling $300m. An additional $100m buyback programme has been announced today. During the year $174m of shares were repurchased at an average discount to NAV of 28%, which contributed 1.9% to NAV accretion. In total, since 2017 PSH has repurchased $671m of shares and the manager has purchased a further $540m, reducing the free float by 32.9% since IPO. Following the outbreak of coronavirus in 2020, the manager made the decision to enter into hedging transactions in early March. Two weeks later the company unwound these hedges, generating proceeds of $2.1bn for the fund. These proceeds have been largely redeployed, adding to its investments in Agilent, Berkshire Hathaway, Hilton, Lowe’s and Restaurant Brands. The company currently has c.18% in cash. Liberum view 2019 represented a record year of returns for PSH and this out-performance vs the S&P 500 has continued in 2020 to-date. The hedging strategy, in the form of credit protection on global investment grade and high yield credit indices, contributed 37.7% to NAV growth in the two weeks they were held. A large proportion of the net proceeds from the sale of the hedges were used to invest $432m in a secondary share offering by Howard Hughes. Management and its affiliates have been purchasing shares during the year and now own more than 22% of the total shares outstanding, ensuring alignment of interests with shareholders. Despite the strong performance of the fund, substantial buybacks and introduction of a dividend, PSH continues to trade on a 36.1% discount to NAV, which we believe is attractive.
20/6/2019
08:30
davebowler: Liberum re one of our holdings; Pershing Square Holdings $100m share buyback programme Mkt Cap £2,902m | Prem/(disc) -30.9% | Div yield 2.4% Event Pershing Square Holdings will commence a buyback programme of $100m of shares on the LSE and Euronext. The maximum number of shares to be purchased under the programme is 6 million (2.8% of outstanding public shares). The buyback programme is expected to last until the next AGM (expected to be in May 2020). Liberum view The buyback is the latest in series of initiatives that have implemented by the company to address the discount to NAV. Other measures include a $300m tender, the introduction of a dividend, a significant investment (in excess of $300m) by principals of the investment manager in the stock and a refocused investment strategy. More importantly, NAV performance has picked up materially with a 43% YTD NAV total return. Despite this, the discount to NAV has widened to 30.9%. The buyback does represent a significant change of view from the board. As recently as March, the company stated it did not believe buybacks were in the best interests of shareholders because of the reduced free float and impact on liquidity. This change has likely been influenced by the continued widening in the discount despite the strategic initiatives and the upturn in NAV performance. The NAV uplift from the buyback will be relatively small (c.0.9% assuming shares are acquired at current price) but may have the desired effect on the discount by reducing selling pressure from shareholders seeking to realise profits given the 31.5% share price increase to date in 2019.
18/6/2019
11:25
davebowler: OCI is jumping nicely. Liberum; Event Peter Dubens, co-founder and Managing Partner of the Oakley Capital Group, has acquired a further 5.3m shares in Oakley Capital Investments at a total cost of £11.7m. He now holds 14.9m shares (7.3% shareholding) in the company. In addition, David Till, co-founder and senior partner of Oakley Capital Group, acquired £0.5m of shares and now holds 0.27% of the company. Liberum view Partners of the investment manager have consistently acquired shares over the past two years. The scale of the investment demonstrates confidence in the prospects for future NAV performance. Increased alignment of interest is one of the main initiative's identified by the company to address the discount to NAV. The company is poised to deliver a strong return in 2019 following a 16.5% NAV TR in 2018. We estimate the increase in Time Out's share price and the Inspired transaction have added 11% to NAV to date in 2019.
11/4/2006
11:48
currypasty: RNS Number:3407B Aldgate Capital plc 11 April 2006 11 April 2006 Aldgate Capital Plc Admission to the Alternative Investment Market Shares in Aldgate Capital Plc (the "Company"), a newly incorporated company established to acquire and manage companies and businesses in sectors where the directors of the Company believe there are opportunities for consolidation, today begin trading on the Alternative Investment Market of the London Stock Exchange plc ("AIM") following an initial #5m fundraising. The Company's intention is to acquire one or more profitable businesses or companies and to use these as a platform for further acquisitions. The directors will focus on sectors undergoing structural, technological and/or regulatory change when assessing acquisition opportunities. The Company will consider the following sectors in particular: financial services; media and communications; and leisure. The #5m has been raised through a private institutional placing. Marwyn Neptune Fund LP, a Cayman Islands fund managed by Marwyn Investment Management LLP, has subscribed for #4.475m of the placing, and its interest will represent approximately 90% of the Company's issued share capital post admission to AIM. The Company is the eighth company to be launched by Marwyn in the last 18 months; of the others, six are public and one is private. These companies have collectively completed 13 acquisitions and raised in excess of #450 million from over 60 institutional investors. The average share price appreciation of the six listed companies since their respective initial public offerings is 106%, as at 3 April 2006. David Williams, Non-Executive Chairman of the Company, said: "We are delighted to be announcing the listing on AIM today of Aldgate Capital Plc. The company will provide an experienced management team with an excellent platform to pursue their investment strategy."
18/8/2004
13:49
mickbaxter: TinManor, "ok i guess i'm wrong. game prices are value for money and lower prices would not sell more units and oh yes, agt share price along with the majority of the games market isn't tanking. my apologies." I note the sarcasm, but you are wrong. Game prices are value for money. At 10-20 hours of entertainment, plus repeat plays, for £40, it's a lot cheaper than going to the cinema & as you suggest, people can always buy pre-owned games, yet most still fork out the fill monty. Of course lower prices would sell more units. Why not sell them for £1 a time, they'd sell bucket load then? Given the cost of development, licence fees, console fees & marketing, together with the high failure rate, games are a pretty good deal. Yes, share prices are going down, unfortunately both the good and the bad. IMO, the market clearly doesn't understand the sector. If your comments are typical, I can see why.
18/8/2004
12:54
tinmanor: ok i guess i'm wrong. game prices are value for money and lower prices would not sell more units and oh yes, agt share price along with the majority of the games market isn't tanking. my apologies.
23/7/2004
10:49
bhbh: LDM: "you could not accept other opinions that the contract can't generate enough profit." - Sorry, do you know how much the Catwoman contract was worth in total? All payments for the game are made in milestone payments and were not all made in H1, so i'm not sure what you're trying to say here. bhbh: my friend, Catwoman game is out, the job has been done. All payments should have been paid 100%. Agree? Well, if the contract can generate enough profit, then Argonaut should be better off financially after receiving all payments from Catwoman. The share price should be higher than prior the contract. LDM: If i had the financial data to back that up then so would the market and thus every share would be always at true value and there would never be a chance to buy a stock at bargain price. Only the management know the financial state of Argonaut at present (otherwise it would be insider dealing), all you can do as an investor is read between the lines and make a judgement on the little bits and bobs of information one can find. bhbh: you should become an honest man, not just playing with words. you said you have done research a lot, please do financial assessment. every investors must do fundamental studies (financials) to justify the share price, but you just want to ramp agt without giving financial state... anyway, you have no right to say "You should sell and move on if you're not happy with Argonaut, there's plenty of money to be made elsewhere". focus on agt, let's do a proper research as investor
24/2/2004
16:41
ldmachin: wally123, The MM's are just doing their job (i.e. creating a Market)... they simply dropped the price to a level which encourages buying... if you think this level is cheap (which it is)... i was buying for the past 6 months around the 6p-7p level! I couldn't believe my luck then and i'll be buying more at this level too! We'll get these wild swings along the way (it's the way the AGT share price moves)... but the share price will correct it self eventually. Have faith and enjoy the ride! Buy on weakness, sell on strength. Cheers.
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