Cip Merchant Capital Share Discussion Threads

[spittingbarrel] 07/9/2021 08:32

The discount is almost obscene now so I made another small top up this morning.

[skyship] 07/9/2021 07:15

Net Asset Value almost hits 94p:

CIP Merchant Capital announces that as at 3 September 2021 the unaudited net asset value ("NAV") per ordinary share was 93.93 pence.

[imnotspartacus] 06/9/2021 10:38

9.4m I like it!

[boystown] 06/9/2021 08:25

SKYSHIP - what's the "outer" here with no divi and very high charges AIUI?

Are you simply looking for a closing of the gap to, say, c.25%, so an share price of c.69p?

[skyship] 06/9/2021 08:08

NAV at the close of play on Friday likely to be closing in on the 92p level. VTU was also a good riser last week.

In light of the above and with the AGM on Thursday, I topped up on Friday; and again this morning.

[skyship] 06/9/2021 08:05

Actually £9.4m now the value of our CTH holding - 18.8% of NAV

[imnotspartacus] 04/9/2021 10:33

£5.2m invested in Caretech, nice!

[riskvsreward] 02/9/2021 15:26

Not just the management fee, the profit share is set at 20%, even higher than most hedge funds and absurd for persistent poor performance. The directors are sleeping on wheel and it is about time to shake it up or wind it down.

[skyship] 02/9/2021 14:09

Anyone else here? Any views on the likely outcome?

[skyship] 02/9/2021 08:13

An interesting move. Will the other directors seek to cut the absurdly high 2% management fee. If truly independent then of course they should do so...

[skyship] 27/8/2021 10:57

Well, let's hope for something a little more sensible. I'm sure something in the low 70s would be acceptable to most - though not the directors obviously!

[mammyoko] 27/8/2021 10:38

CFE now able to make another bid

[skyship] 10/8/2021 07:08

6th Aug'21 NAV up to 89.56p. At 56p the discount = 37.5%.

[daicaprice] 29/7/2021 16:08

I tried earlier and not available to purchase notice came up.

DC

[ohisay] 29/7/2021 15:55

I cant buy these on HL ..is there an issue ?

[badtime] 20/7/2021 19:47

That's kind of what I was thinking....perhaps a toe back in to start with

[skyship] 20/7/2021 16:45

No; though thinking of it as seems likely that CFE might return with, say, a 65p bid.

[badtime] 20/7/2021 15:42

You back in yet Sky?

[skyship] 19/7/2021 15:44

CFE now up to 29.14% - 16,027,317 shares. Maximum allowed without a bid is 16,499,999 shares!

[skyship] 05/7/2021 08:01

Corporation Financière Européenne buy another 700k to take them to 26.7% (14.682m shares).

[padraico] 01/7/2021 09:40

Skyship - yeah saw that large purchase yesterday - the pricing of this seems all over the place. I currently hold but not convinced with the mgt charges - very high for such a low market cap. This has always been held at a large discount going back years despite consistent tips from Simon T from Inv Chronicle. Might be a good exit point for the summer here.

[skyship] 01/7/2021 08:12

Corp. Fin. Euro buy another c4m shares @ 55p; taking their holding up to 25.42%

[skyship] 06/6/2021 15:27

Well, obviously any actions on those fronts would help close in the discount - so a difficult call.

Personally I'm out just because it was a quick turn; so my decision was an easy one.

I would buy back in again on a fall to c54p; purely on valuation grounds - there's a right price for anything mentality!

[dlp6666] 06/6/2021 14:53

Is this good enough reason to sell, or worth waiting till the discount narrows further?