Caribbean Investment Share Discussion Threads

[montyhedge] 07/1/2020 10:08

If the final dividend the same has the interim, that will do, what's that a 32% yield. Can't be many shares in free float. So won't take much buying to get this to 50p anyway.

[noirua] 07/1/2020 09:57

Due to light trading it looks as if it will not take that much to move the price on. How seriously one should take SimplyWallStreets' £1.44 share estimated value I'm not sure. Maybe Simon Cawkwell's mention of 50p is fairer and considerably more if the Belize government repay what they owe.

[montyhedge] 06/1/2020 16:04

Yes someone accumulating in batches of 50,000 it seems everyday. Good way of building a stake slowly, without spiking the price higher.

[noirua] 06/1/2020 14:12

Someone quietly picking up 50K shares on occasions.

[montyhedge] 04/1/2020 14:00

Good information, I wonder if GoB pay their loan back, could shareholders get a special dividend.This may turn into a cash cow for shareholders.

[noirua] 04/1/2020 13:40

Simon Cawkwell'

The company is based in Beckenham. I need to check further though it seems to represent the holdings of: Royce and Associates 4.37%, Gabelli ( Gabelli Multi-Media Trust Inc) (Mario Gabelli), Waterloo Capital Holdings*, Peter Michael Reeder-Gaze, Peter Michael Reeder and Parr Holdings Limited.

Connections:

Waterloo Investment Holdings Limited:
Investments held are forbidden. Listed in Bermuda.
Lord Ashcroft holds 93.22%
Annual Report 2019:
Half Year Report to 30 Sept 2019:
Owns The British Caribbean Bank Limited
Peter Gaze is a director.

WIHL was incorporated in the British Virgin Islands on October 26, 2011 to replace BCB Holdings Limited, parent of The Belize Bank Limited and British Caribbean Bank International Limited, as the primary holding company for all its non-Belizean and several of its offshore assets. WIHL shares are traded by JP Jenkins (London) on a matched bargain basis. Other directors on WIHL's board are Philip Osborne, Peter Gaze - CFO, Andrew Ashcroft - COO and Philip Johnson.

Waterloo Investment Holdings Limited ("Waterloo") is an international company with significant investments in the Caribbean and Latin America. Waterloo's businesses have a long history of investing in the Turks and Caicos Islands and continue to believe in its future as one of the most pristine destinations in the Caribbean.


2014 - Peter Michael Reeder-Gaze



Mario Gabelli:

Royce Investment Partners:

Updated 6 Jan 15:15


---------

Still given fair value at £1.44 against closing price at 26.5p by SimplyWallStreet:

[simon cawkwell] 04/1/2020 12:11

Noirua,

Whom or what does Link represent?

Simon Cawkwell

[noirua] 04/1/2020 10:51

With less than 6.73% of shares available to trade, after deducting Lord Ashcroft and Link's share ownership, it will be interesting to watch should a few decide it's worth taking a considerable position in CIHL. Holding 1 million shares means having about 14% of those remaining after Lord Ashcroft and Link's holdings are taken out. My own smallish holding is nearly 1%.

[noirua] 03/1/2020 10:07

Lord Michael Ashcroft

Wiki -

Lord Michael Ashcroft and Prime Minister David Cameron


Lord Ashcroft on Twitter:

Forbes:

CIHL -
CIHL is not subject to the UK City Code on Takeover and Mergers.
As at 31 May 2019
Lord Michael Ashcroft KCMG PC - 77,522,848 (75.07%)
Link Market Trustees (Nominees) Limited - 18,821,000 (18.2%)

Shares in issue: 103,264,000

Press Releases:

CIHL -

[montyhedge] 03/1/2020 10:00

Of course all gone quiet until the next rns. Let's hope the final dividend bigger than the latest one.

[noirua] 31/12/2019 13:51

Trading is light for a share that so many must know about by now. That alone can put off heavier traders who will know the difficulties in unloading large quantities of shares in that situation. IIP was an exaggeration of this and I had to sell into the rise just in case some start dumping.

[simon cawkwell] 31/12/2019 11:29

montyhedge,

I am not party to Lord Ashcroft's innermost thoughts but I surmise that until this debt matter is settled he has an incentive to keep CIHL quoted since that acts as a constant reminder of GOB's foolish behaviour. However, once it is settled, I suppose the noble lord will pay shareholders a knockout cash offer. After all, the cash involved is damn all - even at 50p it is only £10m or so.

I contacted the Belizean High Commissioner here in London perhaps three years back but was merely told that the debt due by GOB was being resisted by GOB. Since then the final ruling has gone against GOB.

As we have seen in recent times governments in Latin America and environs are not very sensible. But the fact is that Belize needs banks that operate. BOB does just that and, sooner or later - possibly a lot later, CIHL will surely be cleared up.

I have paid 31.875p this morning, taking my family's holding to well over 1m.

Simon Cawkwell

[montyhedge] 31/12/2019 09:06

If GOB play ball, this could be the big winner 2020.Interesting GOB can't borrow overseas money until they pay money back to BoB.In the meantime collect a superb dividend.

[montyhedge] 30/12/2019 15:19

Some investors don't want the dividend, sell now hoping to buy back cheaper on ex div date.

[noirua] 30/12/2019 14:45

MI -

Addendum time: I omitted to stress on Christmas Eve that Caribbean (LON:CIHL) is in an interesting position in that featuring on its 30th September 2019 balance sheet is a large amount due to CIHL by the Government of Belize (GOB)...

[montyhedge] 30/12/2019 12:15

I stuck a few in a isa , dividend tax free. If they pay the same again on the final, I think they will, yield 33% in a isa tax free thanks very much, lol.

[noirua] 30/12/2019 12:14

spittingbarrel, difficult to quite be sure though the bid moved up to 32p.

[montyhedge] 30/12/2019 12:13

It's only a couple of investors taking a profit, no harm taking a profit.They don't want a 16.7% dividend, they are looking to buy back cheaper after ex dividend, they will be unlucky.

[spittingbarrel] 30/12/2019 11:55

There's clearly a seller in the background feeding all the buyers, anyone got a clue as to who it is?

[montyhedge] 30/12/2019 10:55

Still juicy dividend on its way, ex 2nd Jan.

[noirua] 30/12/2019 10:24

Very quiet on this thread and many must be sleeping in this morning as us small PIs pick up some extra stock at 32.9p and 33p. The bigger PIs like Evil are probably sleeping in this morning and looking out at the frost and getting back under the covers or out there in sunnier climbs.

[montyhedge] 28/12/2019 16:00

Thanks, wow, that's what you call a dividend.

[noirua] 28/12/2019 15:34

-- interim dividend declared of US$0.07 per share = 5.3435p a share.

At 32p a share = 16.7% interim dividend.

Evil at Master Investors:

xd is in fact 2 January 2020. Belize is 6 hours behind GMT.

[montyhedge] 28/12/2019 09:25

I must have that wrong dividend sterling 0.77p that's a massive yield or is it 0.07p more like it.