Eclectic Inv Co Share Discussion Threads

[ian davenport] 09/2/2015 10:16

thanks Praipus, someone else had pointed out the bank details aspect - which to be honest had never occurred to me, I wont give them my email address, let alone my bank account !
I love the idea that ECIT still has "unrealised patents are other intellectual property rights" somehow hidden in the vaults , that we , as ex shareholders, are eligible to sell.
I raised this one as she rang 5 times in an afternoon, I really couldn't see what they thought they would get from me that was worth so much effort - usually when you say "this is obviously a scam" they give up-
and going forward , I now recall why I put almost all my shares into a nominee account - it gets you out of the scammers range

[praipus] 09/2/2015 09:12

No experience but safe to assume it is an attempt to steal your bank details or enough personal details to steal your identity.

[ian davenport] 06/2/2015 16:31

Just in case anyone still has this in their favourites
I have had a few calls from a very very insistent young lady who is going to pay me well over the original investment , and hence infinitely more than the real value , for my shares in this IT - despite me having taken the offer in Jan 11
she already has my name and address from the (out of date?) share register, phone number, I guess from the phone book - what is she after? apart from my email address ( which I obviously haven't shared) , what's the scam?
Anyone else had any experience of this?

[praipus] 22/1/2011 08:54

Took the cash 35% loss since buying in 2007 difficult times.

[praipus] 08/12/2010 10:39

Take the cash or roll in to Utilico any views?

[praipus] 15/10/2009 14:04

50p to 80p not a bad run up.

[praipus] 27/11/2008 18:15

Update (Eclectic)

RNS Number : 0700J
Eclectic Investment Trust PLC
27 November 2008



27 November 2008

Eclectic Investment Trust plc

Bank debt, portfolio and NAV update

Eclectic Investment Trust plc ("Eclectic") has, since the year end 31 May 2008, released
significant capital from its portfolio and
market hedge position and used the resultant proceeds to reduce its bank debt.

The proceeds from the realisations from the investment portfolio since the year end and
the unwinding of neutral index hedging position
have been used to reduce the bank loans and overdraft from £6.5m to £1.1m. Given market
conditions and the current size of the portfolio
this is considered a more appropriate debt level.

In addition, a dividend of 0.75p per share was paid on 31 October 2008.

The interim financial statements for the six months to 30 November 2008 are expected to be
published in January 2009 and will provide an
updated portfolio review. This period will cover the recent sharp market correction and the
impact of the above steps, which have also been
reflected in the monthly NAVs released by the Company. As at 21 November 2008, the Company's
net asset value amounted to 83.27p per share.

Ten largest holdings as at 21 November 2008


% of Gross Assets

Trust Company Limited
24.7%
Austral Pacific Energy Limited
20.6%
Aurora Investment Trust Plc
6.1%
eBet Limited
4.7%
Argus Group
4.2%
DTI Group Limited
3.8%
Intellect Holdings Limited
3.6%
Law Debenture Corporation Plc 3.1%
South Indian Bank Limited
2.0%
City Union Bank Limited
1.6%

74.4%

Eclectic also highlights that it holds a number of unlisted convertible notes which will
next be formally valued at 30 November 2008 in
the light of current market conditions. In particular our second largest holding as of 21
November 2008 was Austral Pacific at £3.4m.
Austral Pacific has announced that it is in discussions with its bankers regarding its bank
facility and is conducting a strategic review.
Dependent on the outcome of these discussions the carrying value of this investment may be
impacted.

In light of recent market developments and the relatively small size of the Company,
Eclectic is reviewing a number of strategic options
for the Company. A further announcement will be made in due course.

Enquiries:
Arbuthnot Securities,
Alastair Moreton,
[phone]


This information is provided by RNS
The company news service from the London Stock Exchange

END

Not quite sure if this is bad or good news.

[praipus] 14/10/2008 19:31

rambutan2 or Linhur have either of you read the interim management statement yet?

[praipus] 10/9/2008 22:21

Midas Capital PLC

[rambutan2] 10/1/2008 22:57

Have built up a position in Aurora IT, although i'm not sure why as manager isn't the greatest and it got through its continuation vote a few months ago...

[praipus] 10/1/2008 15:37

Happy New Year Rambutan2, quite agree.

Eclectic Net Asset Value(s)

RNS Number:5243L
Eclectic Investment Trust PLC
10 January 2008

Eclectic Investment Trust plc

It is announced that at the close of business on 31 December 2007, the
un-audited Net Asset Value per ordinary share (AIC Ex Income basis) of the above
investment trust company, managed by Ingot Capital Management Pty Ltd, is:-

Basic Net Asset Value: 180.79p per ordinary share

Phoenix Administration Services Limited - Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
END

[rambutan2] 02/1/2008 23:32

Praipus,

A happy new year to you.

Yes, a few in my pep.

I think Mr Saville is a good stock picker.

[praipus] 02/1/2008 15:46

Also worth noting that they and "other claiments have decided to appeal against the judgement as announced 13th August, 2007".

[praipus] 02/1/2008 15:37

Rambutan2 do you have any of these?

[praipus] 28/12/2007 16:27

Thanks rambutan added to header.

[rambutan2] 28/12/2007 13:08

for ref...

[praipus] 11/10/2007 21:26

NAV £1.74, share price 3.6% discount, according to the AIC.

[praipus] 08/10/2007 11:16

Very interesting rambutan2 SBM ADVFN EPIC PBAIN reminds me of PD Ports, development assets.

[rambutan2] 07/10/2007 21:43

re 3rd largest investment...

[rambutan2] 10/9/2007 22:23

prelims out, not a great deal of info - need to get await the report and accounts for that...

[linhur] 30/8/2007 13:01

Praipus

Not holding at present. I will probably wait for results.

I will try and give them a ring about date of results.

regards
Linhur

[praipus] 28/8/2007 21:33

My pleasure Linhur we meet again.

New Cap Re case I'm only aware that there are RNS relating to it.

ERG are/were in one of the Utilico holdings as well and cause of a question or two at AGM's. Charles Gillings defended positively. Some monopolistic qualities I believe. That said its not the obviously asset rich profit growing type holding we usually see from Ingot, so far.

Sorry I cant help on the results date without recourse to ringing them.

Perhaps I should say my holding is of a pilot nature at present.

Have you been in for long Linhur?

[linhur] 27/8/2007 23:30

Praipus

Thanks for highlighting ECIT

Anyone know anything of the details of New Cap Re case? The new funding seems to be on hold until this is resolved so the outcome could be material to the NAV.

See ERG has dropped out ot the top ten holdings.This seems to be Ingot's weak link as it also affects UTL.

Do you know when the final results of Stocks Conversion were announced last year? The accounts were issued 18 September 2006, so I expect 2007 results to be announced this week.

regards

Linhur

[praipus] 13/8/2007 17:32

Eclectic Re: New Cap Re

RNS Number:9996B
Eclectic Investment Trust PLC
13 August 2007

For immediate release on 13 August 2007

Eclectic Investment Trust plc ("the Company")

New Cap Reinsurance Litigation

On 30 March 2007, the Company announced that the case being pursued in Australia
by Ingot Capital Management Pty Ltd, the Company's investment manager, on behalf
of the Company and by other claimants in respect of damages relating to
investments made in 1999 in New Cap Reinsurance Corporation Holdings Limited had
been dismissed and that the Company was considering its response.

Following a review with its advisers, the Company has decided to appeal against
the judgement. The appeal process is not expected to result in significant
additional costs for the Company.

The Company will continue to keep shareholders informed of all material
developments.

Phoenix Administration Services Limited
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END

[praipus] 08/8/2007 16:55

Formerly Stocks Convertible Trust Plc
Old thread


For historic reference interest 14/4/2007