Share Name Share Symbol Market Type Share ISIN Share Description
El Oro And Exploration Co LSE:ELX London Ordinary Share GG00B77Q7194 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 67.00p 62.00p 72.00p 67.00p 67.00p 67.00p 0 06:39:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.5 -0.6 0.4 167.5 42.33

El Oro And Exploration Share Discussion Threads

Showing 76 to 100 of 100 messages
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even later this month!
still takes 19 days to add up the month end nett assett vlaue sad really that they can't be bothered with smaller shareholders and that is why the value of the shares has fallen so much really need outside influence to change performance which has been very poor
Note that the controlling family (3rd generation, at least) have not confirmed their intention to vote in favour of their own Resolution to liquidate. Some gems are left in the portfolio. In particular, their brewery shares. Sad that they sold many of their commodity shares before the bounce, hence the disappointing NAV this year. Restoring a second London jobber would help the company's rating. However, they would like to go private (was Fully-Listed; then AIM; now Channel Islands Stock Exchange Listed)and be rid of all the red tape. If so, a second jobber combined with a formal share buy-back scheme for minority investors might suit every party. The next AGM statement may contain a clue -between the usual Bible recitals.
the discount is technically larger than stated as they quote a mid price of 62.5p yet for months the spread is 60-70p . should valued at bid imho also not sure if nett assets are quoted at bid prices or mid prices. the investment in art work appeared in the last accounts with no explanation of where it was purchased from or why it was bought yet they are supposed to be winding it down and art work is a long term investment.!! i only have have a few share and it is not worth buying anymore unless the discount opens to say 50% or more because of the spread. they could increase the dividend greatly as they are winding down and also leave the chance of a specialised fund taking it over as the deadline approaches buying in now could give a good annualised return but will get better as we approach nov 18
Good morning NTV I have just stumbled across this trust. The chairman 's statements are magnificent, in the last annual accounts he starts quoting from the bible.... This looks to have some decent assets and the discount is deep , not much liquidity I imagine, I suppose the big question is will the shareholders pass the special resolution in November 2018 to keep it going? If the directors support the resolution then presumably they will not vote to keep it going, however the Chairman receives a large salary so one might imagine he would want to keep the party going , but, as a director he has supported the resolution. It could be that this was simply done to close the discount but the chairman must be quite old and the trsut isn't really working in their favour so maybe it's better to split it all up and everyone go their seperate ways. Nov 2018 is not so far away and I see they are taking steps to do that re cancelling bank lonas etc. One to watch. R2
hurricane energy should have helping the performance recently
they also purchased some artwork according to the full year accounts. This is a bit of a strange investment for a listed company i wonder where they purchased it and it would be nice to know what the artwork is, especially as it cost £500k !!
another small increase in asset value about 2% over the month spread is what kills this stock, only the big boys can get inside the spread always puts me off buying more as if markets turn downwards you just can't exit without being stung. keeps a lid on traders and the stock is less volatile but keeps the discount at a large 30% plus not sure where the company gets the bid price from as it was only 60p on 28th feb so discount was still 35% a monthly fact sheet and a list of holdings would be nice but not much chance of that
Currency NAV %change Valuation Date GBp 84.6 -0.70 31-12-2016 GBp 87.1 +2.50 31-01-2017
large buyback the yesterday
armstrong buying more or directors topping up? buyback would be more beneficial nett asset update, doesn't take long to add up on a computer, so where is it??
and dee valley not sure mp evans will go ahead after the run the malaysian currency
The directors, who effectively control the company, have passed this liquidation resolution to narrow the discount and repel boarders. Upon the actual vote to liquidate, whether the directors will vote in favour is another matter, methinks. Meanwhile the higher bid for M P Evans is a nice little earner for the fund.
going to be wound up in a couple of years time or so what about Armstrong investments? will they buy any more as discount is closing would be nice for the nett asset value to be reported more regularly and closer to the period it is reporting sometimes we have to wait over a month to see nett asset figure this period was a fortnight late which is good for El Oro why not once a fortnight and only a day or so after the date end? surely not that difficult to calculate on a computer programme
mp evans and dee valley increasing nett assets here
winding up is pushing share price closer to net asset value. i wonder if they will ditch the dividend this year? more news in results i guess along with winding up so regular lumps sums to come over the next year hopefully i never understand why they issued RNS after hours either
.....Be patient and they'll recover.??!! How patient are you? 2 years on and they are lower. The chairman is becoming increasing loony in his bizarre statements: "The honeymoon of the emergent Conservative government has been brief in the extreme, as its doyen the Chancellor now concocts a cunning ploy to finish what Mr. Brown started, the destruction of the British pension industry: not content with reducing to laughable levels the upper limits, there are suggestions he will remove the tax-exemption altogether, thus yet again removing any incentive to save and make provision for the future. This is aligned with his assault on middle-England's favourite past-time and source of wealth-creation, Buy-to-Let, by introducing a discriminatory rate of stamp-duty, and removing tax-relief on the cost of the mortgage. He may well accomplish a repeat of what his exorbitant stamp-duty increases have done to the higher-level housing market, where its revenue has been considerably reduced, and the market itself ground to a halt. The imposition of the Living wage, raising wages across the country to £9 by 2020 is another example of management by diktat, taking no account of regional differences in cost levels, nor more especially of the vast subterranean labour market that exists in South-East England, recruiting some of the migrants who now form 70% of London's population, and many of whom are outside the scope of any legislative controls....."
From tomorrow's (well they are ahead of us !) Australian press: ".....The mining sector is growing increasingly cautious about the future, with confidence in the local industry now at a five-year low, according to the latest Mining Business Outlook. The study, conducted annually by Newport Consulting, discovered industry leaders were worried by weakening demand, softening prices and a challenging regulatory environment. A majority of those surveyed indicated a belief the sector's future is now out of their control, a sign of troubled times ahead. In all, 93 per cent of respondents were not confident about growth in the coming year, while 82 per cent expressed pessimism about large-scale projects being committed to in the coming 12 months. Economist Saul Eslake suggested the next major projects for the sector would be at least three years away." Personal view: Buying El Oro at their present discount (which I am doing) reminds me of buying bank shares 5 years ago when nobody wanted them. Be patient and they'll recover.
Solid director buying at 70p by Robin W-P ...... a good sign , now on a 30% discount with a prospect of NAV rises if gold price , gold shares and U$ slowly improve . I am reluctant to pay 73p and wondering who sold so much stock to RW-P at such a cheap price .
Always worth reading the results. From latest: "As the suntan fades along with the memories of a sublime summer, it is both salutary and sobering to see the remorseless result that a swoon in the Gold price has had in lowering the asset value from our 2011's highs. Whilst the portfolio has fallen by 17.7% overall, the Gold Price has fallen by 25.4%, and many of our holdings in that sector, and especially our principal holding in Troy Resources, have fallen by significantly more than that. Whilst being wise after the event is a valueless commodity, it is certainly apparent that many more profits should have been locked in after Gold reached over $1900 in September 2011, even if the consensus at the time was that $2200 or higher was the next objective. We certainly failed to anticipate the speed and extent of the decline that occurred in late March and early April, dragging the price down by nearly $500 in quick time, and decimating some explorers' prices in the true meaning of the word."
Love the Chairman's statement in the results: "This soggy set of results, saturated by incessant rain in May and June, followed the failure to heed the old adage of 'Sell in May'."
El Oro disclosed as a £2m creditor of MF Global:
Just to update the thread: Announcement Admission to Trading in London | Announced - 6 June 2011 El Oro Ltd ("El Oro" or the "Company") announces it has been admitted to trading on the Stock Exchange Electronic Trading System - quotes and crosses ("SETSqx") of the London Stock Exchange. SETSqx will allow the Company's securities to be viewed by the London investment community. The admission to trading on SETSqx does not affect the listing of all of the Company's shares on the Channel Islands Stock Exchange. The ticker for El Oro is ELX. El Oro is a collective investment vehicle which holds discrete portfolios which are segmented and managed along different investment styles. The UK portfolio focuses on mature sectors with higher yields and the Guernsey portfolio holds stocks selected in pursuit of growth. El Oro was formed from the restructuring of the El Oro Mining and Exploration Company plc to allow El Oro Ltd to be subject to a tax regime that puts it on a par with other investment vehicles such as unit and investment trusts. Robin Parish, Chairman of El Oro, commented, "I am delighted that the London investment community will now be aware of El Oro, as the Channel Islands investment community continues to be." For further information, please contact: El Oro Ltd Robin Woodbine Parish, Chairman Steven McKeane Tel: 020 7581 2782 Dexion Capital (Guernsey) Limited Gillian Newton Tel: 01481 732814 finnCap Limited Matthew Robinson (Corporate Finance) Ben Thompson (Corporate Finance) Tel: 020 7600 1658 ------------------------------------------------- Regards. DYOR
james dean
Just stumbled upon this share when looking for indirect gold exposure -I hold CYN for the same reason,and it strikes me as cheap on a discount to NAV basis. Today's Price Data Bid close: 550 Ask close: 600 Mid close: 575 Close date: 31-12-2010 Net asset value: 814 Date: 31-10-2010 Normal Market size: 500 VWap: -
voted against for my small holding...
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