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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Global FX | GFIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 16.00 | 16.00 |
| Top Posts |
|---|
Posted at 22/5/2017 17:12 by zcaprd7 Yeah. Me too. What's wrong with a special dividend? |
Posted at 05/5/2017 11:28 by tiltonboy It will be interesting to see if GFIR manage to buy back any shares at 14p! |
Posted at 03/5/2017 08:06 by zcaprd7 Still some problem children in the portfolio it seems... GLOBAL FIXED INCOME REALISATION LIMITED 3 Investment Manager's Report For the year ended 31 December 2016 Introduction Gottex Asset Management (UK) Limited ("Gottex" or "the Investment Manager")) has continued to act as the Investment Manager of Global Fixed Income Realisation Limited ("the Company" or "GFIR") during this financial year pursuing its mandate of making realisations in an orderly and timely manner. There have been distributions from the following holdings: Autonomy Global Macro Class L Clearwater Capital Partners Side Pocket Serengeti Opportunities Sola La Paloma Co-Investment (fully redeemed) Trafalgar Discovery Fund (fully redeemed) Apollo Asia Opportunity (fully redeemed) No positions were sold in the secondary market or via auction. One small position was funded, in an attempt to protect the Company's existing investment in the Vision FCVS PB Fund. The Company now has holdings in 1 company and 16 fund entities (10, if the Vision funds are considered as a single entity) managed by 6 different investment managers. Since the appointment of Gottex, holdings in 19 fund entities have been fully redeemed or sold. As at 31 December 2012, immediately prior to the effective date of Gottex's appointment as Investment Manager, the market capitalisation of the Company was £41,718,226 (based on 77,113,172 shares at a price of 54.1p) and the net asset value (the "NAV") was £71,626,559. 72.5% of the starting market value of the Company's equity and 42.2% of the starting NAV has been returned to shareholders in cash over the 4 year period since that date. As at 31 December 2016, the Net Asset Value per ordinary share was 38.90p, an increase of 7.78% during the financial year 2016 (31 December 2015: 36.09p). The single largest negative contributor to performance was South Asian Real Estate ("SARE"), reflecting updated third party valuations of SARE's underlying properties and additional debt and liabilities, contributing -6.2% for the year. The Vision funds were another negative contributor, -3.5% across the various vehicles, through a combination of additional reserves on the FCVS funds and markdowns reported by the manager, largely reflecting additional uncertainty and a likely extension to the timeline for novation. The impact, however, was partly offset by FX gains. Offsetting these losses was positive foreign exchange impact from the only Brazilian Real ("BRL")-denominated holding, Autonomy Fund II D. Though performance was flat in BRL terms, performance in GBP terms was 45.2%, resulting in a strong positive contribution of 12.1% for the year. A cash distribution well in excess of marks from Trafalgar Discovery Fund towards the end of the year was another strong positive contributor, approximately 4.6%. |
Posted at 17/2/2017 11:29 by hugepants Interesting update yesterday. NAV up to 41p and cash now about 40% of market cap. They must have sold some assets. |
Posted at 20/12/2016 19:06 by hugepants As I pointed out on the ALF thread GFIR are not expecting any significant realisations for about 3 years so good luck. I think you may have a long wait. The reason I mentioned GFIR was because it has some of the same investments as ALF and so you have another perspective on how to value them. |
Posted at 28/4/2014 17:41 by marben100 Final March 31st NAV out: - Further NAV decline to 58.92p (probably largely due to $ weakness, though) - Cash as at today's date £5.9m |
Posted at 24/12/2013 12:04 by skyship To all holders here - I wish you all Health and Happiness for Christmas and the New Year; and hope most sincerely that 2014 will bring you better news from GFIR after the nightmare of 2013! |
Posted at 24/12/2013 11:48 by waterloo01 Divi, you seem to be a decent fellow and I wish you a happy Xmas and a much better 2014. |
Posted at 09/11/2013 09:47 by skyship GP - "..but it's not been a bad ride so far..."!!Surely with the price performance of the past year, even allowing for tenders it can only have been a profitable ride if you were short. GFIR has been an appalling investment; and holders have my sincere sympathies. However, at some stage the share price may become oversold; and the recent "Holdings" announcements are perhaps a signal that more than one party believes that moment to have arrived. Laxey have managed to sell 4.576m (9%); but the only buyer revealed was a top-up of 900k by William Henry Peter Jackson.....is that Deep Value Investor on this thread perhaps!? Who took the rest of the stock; and who has made the better trade. Laxey in managing to find a buyer, any buyer, and managing to dump a large line; or the buyer(s) sensing hidden value. |
Posted at 23/7/2013 17:04 by marben100 May factsheet just released. See hxxps://www.gottexfuNAV decline to 90.87p previously announced here: That latter announcement [dated 27th June] also says: "The total cash held by the Company as at the date of this announcement is GBP 2,820,047.94" The new factsheet states that £8.4m (~£8m of which is due from Cedar Hill) is expected to be received within 30-60 days of 1st June (however, it also indicates that the £8m could be up to 45 days from 30th June). Anyhoo... AFAICS there should be around £10-£11m available for distribution by mid-August latest. That's in line with my expectations. ISTM that GFIR may hold off on making the distribution until a little later in the year, because a further ~£4m is expected by around end-October (according to earlier figures). May be more efficient to do one tender covering a larger return. Cheers, Mark Twitter @marben100 |
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