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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Goldman D GBP | LSE:GSDO | London | Ordinary Share | GB00B8L0V788 | ORD NPV GBP |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 75.625 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 75.625 | GBX |
Goldman D GBP (GSDO) Share Charts1 Year Goldman D GBP Chart |
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1 Month Goldman D GBP Chart |
Intraday Goldman D GBP Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/1/2013 | 09:30 | Exchange Listed Multi-Hedge Fund | 30 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 05/12/2012 10:13 by praipus RNS Number : 2497S Goldman Sachs Dynamic Opportunities 28 November 2012 28 November 2012 Goldman Sachs Dynamic Opportunities Limited Redemption Announcement Further to the approval by the Company's shareholders of the managed Winding Down proposals as described in the circular to shareholders dated 18 November 2011 and the first distribution payment made in June 2012, the Company has resolved to make a second distribution to shareholders of approximately US$72 million (the "Second Distribution"), from the Continuing Portfolio only, by way of a compulsory redemption of shares at a Redemption Price of US$1.6699 per GBP Share and US$2.0232 per US$ Share (the Company's NAV per GBP Share and US$ Share respectively as at 30 September 2012 with the NAV per GBP Share converted into US$ using the GBP:US$ spot exchange rate at close of business on that day). The Second Distribution will be effected (i) between the GBP Shares and US$ Shares pro rata to their respective aggregate NAVs as at 30 September 2012 and (ii) within each class pro rata to holdings of GBP Shares and US$ Shares on the register at the close of business on 30 November 2012 (the "Redemption Record Date"). Approximately 71 per cent. of the Company's issued GBP Shares and 71 per cent. of the Company's issued US$ Shares (the "Relevant Percentage") will be redeemed on that date. Amounts payable to holders of GBP Shares will be converted into sterling using the GBP:US$ spot exchange on a date selected by the Directors for the purpose (expected to be close of business London time on 5 December 2012). The amount to be applied to the redemption of Shares comprises the monies from the realisation of the Company's investments received from 1 May 2012 up to and including 31 October 2012, less the costs and expenses of the Second Distribution and cash being retained for the Company's working capital requirements. The costs and expenses of the Second Distribution are estimated not to exceed US$15,000. In the case of GBP Shares held in uncertificated form (that is, in CREST), redemptions will take effect automatically on the Redemption Record Date and redeemed Shares will be cancelled. All GBP Shares in issue will be disabled in CREST on the Redemption Record Date and the existing ISIN applicable to the GBP Shares ("Old ISIN") (which, for the second redemption, in respect of the GBP Shares is GB00B8K9XJ24) will expire. A new ISIN ("New ISIN") in respect of the remaining GBP Shares in issue and which have not been redeemed will be enabled and available for transactions from and including the first Business Day following the Redemption Record Date. This New ISIN is GB00B8L0V788. Up to and including the Redemption Record Date, GBP Shares will be traded under the Old ISIN and as such, a purchaser of such Shares may have a market claim for a proportion of the redemption proceeds following the activation of the New ISIN. CREST will automatically transform any open transactions as at the Redemption Record Date (which is the record date for the purposes of the redemption) into the New ISIN. In the case of the GBP Shares held in certificated form (that is, not in CREST) and all US$ Shares, redemptions will take effect automatically on the Redemption Record Date. As the Shares will be compulsorily redeemed, certificated Shareholders do not need to return their Share certificates to the Company in order to claim their redemption monies. Shareholders' existing Share certificates will be cancelled and new Share certificates will be issued to each such Shareholder for the balance of their shareholding after the Redemption Record Date. Cheques will automatically be issued to certificated Shareholders upon the cancellation of any of their Shares. Payments of redemption monies are expected to be effected either though CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) within 14 Business Days of the Redemption Record Date, or as soon as practicable thereafter (expected to be 10 December 2012). Shareholders will be paid their redemption proceeds in the currency of the applicable Shares. The Second Distribution is equivalent to approximately 35 per cent. of the NAV attributable to the GBP Shares and US$ Shares as at 31 March 2012 and cumulative payments now made are equal to approximately 85 per cent. of the NAV of the GBP Shares and US$ Shares at 31 March 2012. Following the Second Distribution the aggregate NAV of the Continuing Portfolio (using estimated NAVs at 20 November 2012) will be approximately $29.2 million. The Continuing Portfolio will comprise 8 investments, of which 6 are Illiquid Investments, together with a small amount of cash. Accordingly, the Board expects to write to Shareholders in December 2012 with proposals for a voluntary winding up of the Company and cancellation of the listing of the GBP Shares. Expected Timetable for Second Distribution Redemption Date 30 November 2012 Redemption Record Date 5.00 p.m. on 30 November 2012 Settlement of Second Distribution by 10 December 2012 All references to times are to times in London. Enquiries: Robin Amer Tel: +44 (0)1481 744 000 RBC Offshore Fund Managers Limited Niklas Ekholm Tel: +44 (0)20 7051 9270 Head of International Public Relations Goldman Sachs Asset Management Anisha Patel Tel: +44 (0)20 7774 2523 Media Relations Goldman Sachs Asset Management Stuart Klein Tel: +44 (0)20 7029 8703 Jefferies Hoare Govett Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular dated 18 November 2011. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 19/8/2009 13:05 by gdp2 Better performance, also been reflected in the slow tick up of the share price over the last week |
Posted at 03/8/2009 09:46 by gdp2 I'm in this morning. 40% opportunity for upshoot IMO as the price hasn't reflected what will undoubtedly be revealed as a huge increase in NAV in GSDO's next announcement. |
Posted at 01/1/2009 19:40 by 19joyns59 Agreed, but those who are patient will be rewarded in these names and I'm not sure that the opportunity will remain around for too long. I'm more than happy taking advantage of investors who panic out at irrational prices! Anyone selling now is mad, regardless of whether the funds have failed to deliver on what was promised and even a worse case scenario of a further Madoff or two (highly unlikely in my view) is more than discounted in what are extremely diversified funds. The smaller funds are particularly attractive in this respect as there should be no liquidity issues if their boards ultimately decide that closing them down is the only way to remove the discount. I'm sure shareholder pressure will increasingly force this on them (and I've had experience on this with a number of trusts I've been directly involved with in the past), especially once vulture funds start to take an interest in this sector, which they will inevitably do. These funds are a six to twelve months opportunity in my opinion, so I don't think that you'll go far wrong buying them now. Both TRMA and GSDO have bounced 10%+ since I bought into them last week. I expect a lot more and will be buying more over the next few weeks as I struggle to see such compelling risk / reward investment opportunities elsewhere in the current market. |
Posted at 31/12/2008 19:02 by 7kiwi I tihnk the worry is are there any more Madoffs ready to make off with your money, so people are shunning hedge funds. Also, whilst NAV performance has been reasonable, share price performance has been abyssmal, and people who invesrted here wanted low-risk/return.So, might take a while to bounce back. I'm keeping my eye on this and TRMA. |
Posted at 21/12/2008 16:40 by 19joyns59 Agreed, but I've started buying a basket of these names (TIC,TRMA,GSDO). My rationale is that the discount narrowing that we will ultimately see will more than offset any NAV drawdown that occurs (what probability is there of them falling another 20%? I think it is extremely low given the risk aversion that has been sweeping through the sector), which makes these an extremely compelling investment against any risk-free asset in the market i.e. cash / govt bonds, over the next 6 - 12 months. My timing might not be perfect, but irrational selling by other investors should be taken advantage of, particularly in thin markets around Christmas. The arrival of a further "Madoff" discount has moved these from attractive to compelling. I've held back on this sector for long enough and no-one else seems prepared to commit (again like certain "high quality / low risk" split caps in 2002. Another closed-end fund you should look at is IPE. You will be able to get out of this at NAV by May 09 as this fund will not get a renewal vote, given the terrible performance that it has delivered when it was supposed to be an absolute return fund. 20%ish in equities and the rest in credit, so a good "risk asset" recovery play with little 6 months downside given the 15%+ NAV discount and likely closing of the fund. |
Posted at 21/6/2008 00:53 by 7kiwi GSDC shares already trading at a slight premium to issue price. |
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