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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Bramdean � | LSE:BRAL | London | Ordinary Share | GG00B1XCHB94 | STERLING PART SHS NPV |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 53.75 | GBX |
Bramdean � (BRAL) Share Charts1 Year Bramdean � Chart |
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Intraday Bramdean � Chart |
Date | Time | Title | Posts |
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05/11/2009 | 09:25 | Bramdean Alternatives Limited | 11 |
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Posted at 05/11/2009 09:25 by alpal2 The next report from Bramdean is due 20-Nov-09. Does anyone have any views on whether this is likely to indicate whether Tchenguiz has any plans to realise the NAV.The fact that the share price is now dropping tends to indicate that he also hasn't any idea what to do with this |
Posted at 23/7/2009 08:15 by lionheart79 We have a NAV discount of over 30% by my calculations. Price depressed by buyout speculation? Surprised there is not more interest on this thread... |
Posted at 09/6/2009 09:58 by ianbrewster Nicola Horlick offers to buy out Bramdean investorsBy David Campbell | 10:12:10 | 09 June 2009 Nichola Horlick has been revealed as the mystery bidder seeking to buy out the assets of the Bramdean Alternative fund. The bid was received from Petersfield Asset Management, owned by Horlick, who also manages the Bramdean fund. The bid had been widely interpreted as a proxy dispute over strategy between Horlick and Vincent Tchenguiz, the largest single shareholder in the trust with 28% of shares. Following the initial notification of the bid, Tchenguiz called an extraordinary general meeting in order to oust the board and install executives in his pay. Horlick is not thought to be a significant shareholder in Bramdean Alternative but her asset management company owns the contract to manage the hedge fund and private equity portfolios. She has not yet put any price on the offer. Shares recovered sharply from a deep discount following the notice but no alternative bidder has emerged. Last month the company called for shareholder patience on the proposals by Tchenguiz and promised the reveal the identity of the bidder by 9 June. It also signalled that it would be prepared to consider a return of cash to shareholders. Shares in the fund were unchanged following the news. The £78.70 million trust is currently trading at a 35.5% discount to net asset value. |
Posted at 11/5/2009 18:55 by ianbrewster Chairman becomes first victim in Bramdean battleThe battle between Vincent Tchenguiz and Nicola Horlick for control of the Bramdean Alternative fund has claimed its first casualty with the chairman's exit. The company said in a statement that Peter Barton, who is also chairman of Bramdean Asset Management, would step down to avoid any accusation of partiality. Tchenguiz is the largest single shareholder, controlling 28.8% of the fund via holding company Elsina Limited, which is ultimately owned by his family trust. He called an EGM at the beginning of May in order to oust the board following an initial offer from an unidentified investor for the entire share capital of the troubled multimanager trust. The board of Bramdean said: 'The board has concluded that given the position of Peter Barton as chairman of the manager it is in the best interests of the company for the board to remain fully independent of the manager. 'As such Peter Barton has offered his resignation as a non executive director of the company which the board has accepted with immediate effect. The board wishes to thank Peter Barton for his contribution to the company.' Shares in the trust have bounced hard since the initial offer at the end of April with the discount narrowing 10%, although it remains 40% off net asset value at 55.5p. Barton is also a non-executive director at F&C US Smaller Companies trust and worked as a City lawyer before moving into investment banking for Lehman Brothers and Robert Fleming. |
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