Diurnal Share Discussion Threads

[affc21] 10/3/2021 14:07

That's a serious amount of money £4m to invest in DNL, I presume they must have had some sort of contact with the company prior to investment...

[affc21] 10/3/2021 13:58

Chelverton UK Equity Growth FundA UK small and mid-cap fund investing in highly cash generative companies with strong market positions that are expected to grow faster than UK GDP. Aims to deliver progressive long-term capital growth.Our ApproachIn common with other Chelverton managed funds, we look to invest in companies which are listed in the UK, but which fall outside the top 100 UK equities. Our aim is to deliver capital growth to investors over the longer term and we do this by concentrating on companies that have particular qualities. Mainly we are looking for companies that are highly cash generative, which enables them to fund their own growth. Typically, they will have some form of sustainable competitive advantage, such as a unique product or a dominant position in a particular market, leading to high margins and thus, generating surplus cash. We like sensible, pragmatic management teams who have a clear idea of how to push the business forward without diluting shareholder returns through unnecessary equity issuance or off-piste excursions into unrelated activities. The portfolio contains companies at various stages of their development, but all have potential which has yet to be fully recognised by the market.Our Investment ProcessOur starting point is to use a formal quantitative screening process, which we have designed to look for certain characteristics, or put another way, the companies have to pass some tests before we will look at them in any detail. These include the ability to convert a high proportion of operating profit in to free cash flow and generate sustainable high margins We also test the balance sheet to see that debt is not too burdensome and that the amount of working capital is not too high. Whilst the screening of 1,000 stocks is reviewed monthly, in practice it evolves on a daily basis. Initially, this will generate some 250 ideas which qualify for further assessment. In the second stage, we are seeking to gain a far better understanding of the company beyond the bald statistics; we want to know what makes it 'tick'. We start by looking at sales, to what extent they are repeatable, and how broad the customer base is. We then look at the margins, and how likely it is that they are sustainable, and the management team. Finally, we assess the valuation of the stock, to ensure we pay a sensible price when margin and growth rate are considered.https://www.chelvertonam.com/fund/pfs-chelverton-uk-equity-growth/?user_approval=y

[trotterstrading] 10/3/2021 13:39

Looking good now added a few more on that TR-1 confirmation. They will have been convinced to invest

[l0ngterm] 10/3/2021 13:20

Aha, should hope so as it seemed we had a 10k buyer all along and that's now filled.

[aimmafia] 10/3/2021 13:18

Bloody hell. Life!

[aimmafia] 10/3/2021 11:42

The 50k was a buy as well....

[cyberbub] 10/3/2021 10:17

7M shares, approx £4M, seems like a big investment for what seems to be a modest sized regional investing firm. They must be confident IMO

[aimmafia] 10/3/2021 10:10

That's certainly a vote of confidence for me. Roll on end of March

[vikingwarrier] 10/3/2021 10:04

We've consolidated nicely over the last couple of months.

[aimmafia] 10/3/2021 09:58

Wow that's good - maybe this is why we haven't been moving as this has taken a long time to sort out. Or is this from placing?

[affc21] 10/3/2021 09:56

That's a vote of confidence, if ever you needed one...

[affc21] 10/3/2021 09:55

News,New Institutional Investor,Chelverton Asset Management Limited / MI Chelverton UK Equity Growth Fund.With 8,000,000 shares, 5.78%

[mikeh30] 10/3/2021 09:54

Ooof chelverton

[trotterstrading] 10/3/2021 09:52

New II TR1

[aimmafia] 10/3/2021 07:24

You too bro. Nothing to see here

[affc21] 10/3/2021 07:03

Have a good day Aim

[aimmafia] 10/3/2021 07:00

7:00am anddddd see you tomorrow all

[aimmafia] 10/3/2021 07:00

Patiently awaiting rns at 6:59am

[lovewinshatelosses] 09/3/2021 12:04

I have kept my core holding, but sold those that I planned to trade on the side (at a small loss). That is probably the sign to load up :)

[simon_64] 09/3/2021 10:12

cyberbub

Ok mate, i thought it was issued when they had stopped or dropping below 5% and 3%.

[cyberbub] 09/3/2021 10:04

Simon, the rules state that you have to issue a TR-1 whenever passing a % threshold, not when you stop buying or selling.......although some large sellers/buyers interpret the rules differently! Hence why Polaris released an TR-1 saying they had dropped 2%, without having issued one when passing the previous 1%!So yes I would think they have stopped selling (for now at least).NAI

[simon_64] 09/3/2021 09:18

tarlok

I am sure polar are done for the time being otherwise the RNS would not have been released.

[tarlok] 09/3/2021 07:52

All this does is keep the shares suppressed for longer, Polaris have another 7% , are they selling those too ? MM are not moving price up and the sells yesterday confirm MM reluctance to move price up, not sure even the best RNS would move this stock..will have to wait ans see....very disappointed with this share

[cyberbub] 08/3/2021 22:10

Potentially, but only if they already held 1%+Or the Polaris shares could have been bought by a few HNWs, 500k each say, inter-broker placements.Who knows!

[s34icknote] 08/3/2021 20:18

Another rns for the buyer then ?