Ft Tre Discussion Threads

[azalea] 02/7/2013 14:18

Given the NAV remaining after the 15p, if the share price were to fall by 15p or more, it would provide a great buying opportunity.

[spob] 02/7/2013 13:40

get it while you can blonde parasite

hope the share price doesn't fall more than the dividend for you tomorrow morning or in the next few days

[blondeamon] 02/7/2013 13:35

Last day to get it is today, from tomorrow it runs without(ex) the dividend. Settlement day is not important for you, only the ex date.

[norbert colon] 02/7/2013 13:09

So excuse my ignorance but given the ex. date is tomorrow (and typical 3 day settlement) I assume they will not be entitled to the pay out? Can someone clarify for me? Thanks.

[blondeamon] 02/7/2013 09:24

One day before the 50% special dividend ex-date. Price is not budging though, weird.

[azalea] 01/7/2013 14:42

5.385m, which not merely suggests but tells us there is a lot more juice in the tank after the 15p a share pay out.

[blondeamon] 01/7/2013 13:32

VR Global Partners just bought 5 million shares.

[azalea] 30/6/2013 07:19

No. I am holding in a nominee account.Simply collecting the 15p for each share I hold.

[blondeamon] 29/6/2013 21:36

Azalea are you SBing this or got it in a broker account? I am wondering if IG for example, would adjust the position on the morning of July 3 and that's it. No waits no anything like normal accounts.

Is that how it is? Really appreciate all the advice.

[azalea] 27/6/2013 07:08

The Board is not hanging about, the 15p per share pay out is as good as in the bank.

[blondeamon] 25/6/2013 16:14

Thanks for the advice!

[jezza123] 25/6/2013 08:34

I would also be a bit careful about having such a close stop on an illiquid share like TRE (or others like it) - spreads can widen quite considerably, and if you have a long dated contract (say a DEC) the spread could easily result in a stop out - the MM's love tree-shaking guys like you on a dull day.

you have been warned.

[blondeamon] 24/6/2013 20:59

When you say your position gets adjusted, does this mean:

Let's say I am long 100 points on TRE at 32.83 with a stop at 28.8

1) They will add 1500 pounds cash to my account (100*100 = 10.000 stocks * 0.15 div = 1500 )
2) They will lower my position to be long 100 points at 17.83 with a stop at 13.8 ?

3) How much of the divi do you actually get with them? I heard it's 90% for IG.

[jezza123] 24/6/2013 20:41

u get the cash if you are with a spreadbet company - and u get it often sooner than the PI shareholders do. So your position will be adjusted 15p when the time comes, I know this because I have had several SB positions on this stock with IG.

[blondeamon] 24/6/2013 19:58

A bloke asked a good question in a thread, what happens with the return of cash if you are spread betting? Is this essentially a dividend or can we only buy this with our broker if we want to get it?

[azalea] 24/6/2013 19:36

Given declining global market indices, UK listed companies with share price at a large discount to NAV and notable cash holdings, could be big winners.

[azalea] 24/6/2013 11:43

S.Thompson has repeated his 'BUY' stance today:- Post the return in cash of 15p per share to shareholders, the adjusted share price of 19p is trading at a "hefty 50% discount to pro-forma book value of around 37p, that discount is still too deep given the scope for further capital returns, especially as the company is actively looking to dispose of its portfolio of carbon and private equity investments. from my lens, fair value is nearer 40p.

As I said in a previous post this is money for old rope. I am amazed that PI have not latched on to this company with both hands. This is an opportunity for some to sell their dead beat holdings{as I have} and use the money to buy TRE and recoup some of the losses.

[blondeamon] 24/6/2013 11:32

Just tipped by Simon Thompson in IC:

"Trading Emissions' adjusted share price of 19p is trading at a hefty 50 per cent discount to pro-forma book value of around 37p, of which around 9p could be in cash. That discount is still too deep given the scope for further capital returns, especially as the company is actively looking to dispose of its portfolio of carbon and private equity investments. From my lens, fair value is nearer 40p a share and I maintain my positive stance."

Here we go!!

[azalea] 21/6/2013 12:09

Bid is still 33p. This is money for old rope, all holders have to do is wait for the pay out, just as before. The company is showing a 40% discount to an estimated NAV of 51.96p and an NAV of 58.12p when last taken on 31/12/2012.

[jezza123] 21/6/2013 10:11

well despite lots of excited people posting on here... the market seems pretty nonplussed as down we go....

[azalea] 21/6/2013 09:19

There will be a lot more PI who know of S.T. than they do of Weiss Manangement

15p represents circa 30% of NAV. So there is lots more to come before the campany is wound up.

[grahamg8] 21/6/2013 09:17

Of course TRE is worth exactly the same today as it was yesterday. But the payout is larger than I expected and shows confidence in their ability to realise value from the remaining assets. Perhaps a trading update alongside the timetable for the B shares in the next few days?

[praipus] 21/6/2013 08:42

Lol my thanks go to Weiss Asset Manangement and the management at TRE.
I track Weiss and other systematic arbitrageurs on the WAM thread
:)

[azalea] 21/6/2013 08:15

Whoopee!
There was a hint yesterday, when the bid went to 31p. Patience has been rewarded. Many thanks to S.Thompson whom once again has hit the jackpot for his followers.