Intl Oil &Gas Share Discussion Threads

[jambo172] 18/3/2011 12:56

After a year's worth of problems, at last some good news.
Reading between the lines of yesterday's announcement, it looks like nearly $20m to be cashed in. That is approx 1/3 of the fund in cash.
Wonder if this will be returned to shareholders.
If so, rest of portfolio is rated at 50% discount.
Looks cheap IMHO .... DYOR of course.

[praipus] 01/3/2011 13:55

Thanks Seekerofvalue, I'm pleased you've done your own research and thanks for sharing your thoughts.

[seekerofvalue] 01/3/2011 13:36

Praipus, I got as far as June 2009 -June 2010 expenses up 65% and net investment income down 35% and nearly stopped reading. NAV up 49% over the same period whilst the share price is lower, looks like an anomaly. But the markets other than Weiss don't appear interested. It looks like a contrarian play, I prefer value plays with catalysts. If they do manage a sale of an asset above expectations then they would become a buy. But until then it will remain for me a watchlist stock. I hope your investment proves to be a profitable one.

[praipus] 01/3/2011 13:18

A chance that the market has got it wrong and that the manager will realise the assets for a lot more than is expected.

[seekerofvalue] 01/3/2011 12:06

Praipus, Weiss being involved grabbed my attention. But two of the investee companies are more or less in the hands of the receivers. What do you see that could give this fund an uplift in the next 12 months?

[praipus] 28/2/2011 16:03

Weiss Asset Management buying to track their other holdings see post 3 of

[praipus] 28/2/2011 15:55

40%+ discount to NAV

[praipus] 28/2/2011 15:46

Enormous discount.

[praipus] 28/2/2011 15:44

Weiss Asset Management have a holding here to track their other holdings see
post 3 on the BB thread.

For PLUS market trades.


Quoted in USD $'s see post 8 for FX USDGBP chart.