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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Grit Investment Trust Plc | LSE:GRIT | London | Ordinary Share | GB00BL594W83 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Svcs Allied W/exchanges, Nec | 96k | -155k | -0.0031 | -4.03 | 629.47k |
Date | Subject | Author | Discuss |
---|---|---|---|
13/4/2016 10:28 | Your latter point answers your question. Paying off the Debentures of @ £4.5m solidifies the NAV. Anglo African and Siberian Minefields is where the upside skew is. These should be on a 20-30% discount to NAV which implies a price of 20-25p. Biggest bargain out there in the markets IMO. | richie666 | |
13/4/2016 10:22 | @Richie - on which part? Website not been updated in a while but found the RNS re the placing falling through, 11th March: "...The Company is unable to restore the required Coverage Ratio and is therefore beginning the process of realising sufficient portfolio assets to repay the Loan Notes and de-leverage the Company. In addition, with reference to the announcement of 1 March 2016, the Company has not been able to come to an agreement with Primestar Energy FZE and LIM Asia Multi-Strategy Fund Inc. relating inter alia to the subscription, open offer and early redemption of Loan Notes and the reduction of the required Coverage Ratio." If they can raise £5m from sales and pay off the debenture holders (which seems not to have happened in the month since) then they'll also save the 9% interest payments going forward, which is a positive.. | spectoacc | |
13/4/2016 10:16 | 20-30p coming | falia | |
13/4/2016 09:44 | Spec with respect you are wrong. | richie666 | |
13/4/2016 09:26 | @richie666 - the issue is cash to pay off the debenture holders. You'll know that they previously agreed a massively dilutory placing at 2p per share to try to get the cash, but even that fell through (although with such a dearth of news from GRIT recently, I can no longer find the RNS). Have a look at how often even some of their larger co's actually trade. Hope that wasn't you who just paid 9p :) | spectoacc | |
13/4/2016 08:53 | Spec the NAV (term being NET Asset Value) is AFTER the debenture payment. 32p v 5p now is, to me, the opportunity of opportunities in the resource sector. And approx 60% is listed, the primary plays being Merrex Gold and Nulegacy - the former it seems being particularly attractive and involved with major IamGold. | richie666 | |
13/4/2016 07:11 | Except they've got to pay off the debenture holders? Much of GRIT's stuff is unlisted and unsellabale I thought. If they can raise enough to cover the debt holders, is unclear what will be remaining - though if it's anything it'll be the least sellable. The NAV suggests there'd be plenty left over but this is the same co that - ahem - allegedly doesn't have the best record in reporting accurate NAV. | spectoacc | |
12/4/2016 16:41 | NAV out just shy of 32p. The current stock price is pure madness. | richie666 | |
16/3/2016 11:37 | NAV 28p Though they probably couldnt achieve 8p with fire sales | mister md | |
09/3/2016 08:01 | Spec - the whole deal is fishy and RDP need bringing to task. | richie666 | |
09/3/2016 07:58 | @richie666 - agreed. Their wages keep rolling in mind. My main issue is how the NAV followed by sudden big revision and "oh dear we need to restructure". | spectoacc | |
08/3/2016 19:05 | Doubtful given that they carried out a root & branch review of the portfolio in the last cple months. Some v good assets in there too - Anglo African Minerals for a start. | richie666 | |
08/3/2016 18:57 | Isn't it recognition the NAV is vastly mis-stated due to illiquidity of holdings ? | the stigologist | |
08/3/2016 18:21 | NAV near 30p and we are taking in capital at 2p with massive dilution. The Board and fund managers need shooting. | richie666 | |
28/1/2016 11:26 | What have Primestar seen?....recent acquisitions include a defunct Ukraine Bank and $100M plus oil storage facility and now, potentially GRIT......GL S | swizz | |
28/1/2016 10:23 | Welcome to our new owners?......GL S | swizz | |
28/1/2016 08:15 | Because of the post-dilution NAV - though why we should believe the latest NAV when the previous one was so false for so long.. | spectoacc | |
28/1/2016 08:06 | Excuse my ignorance ... if the placing is to be at 2p why are people buying at 2.75p now? | mypension | |
27/1/2016 21:45 | Why not stop buystock ? I told you I will expose every new handle you set up on twitter but now there is others doing my job for me. Interest list of names. Oh I see I'm loverat now lol Like your new attempt to copy topinfo which was spotted instantly. topinfo@topinfo_advf Why are you obsessed with being a conman inventing false rumours must be a reason ? | sharetips6 |
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