Investment Share Discussion Threads

[solarno lopez] 28/5/2013 13:52

interesting

[solarno lopez] 28/5/2013 12:18

Another positive rise

[solarno lopez] 24/5/2013 14:00

Nice buy by someone

[topvest] 17/5/2013 20:56

I'm happy to hold here for the longer term. It's definitely getting difficult to find real value in this market though!

[vizcaya2] 14/5/2013 22:39

Well Topvest...further to my comments and you reading them back in November and you buying then I sold out all my holding this Monday. Cash of my portfolio risen to 34% including these proceeds.Three stocks now on horizon for a bad market day.

[solarno lopez] 14/5/2013 08:53

Edging closer to your prediction TOPVEST

[topvest] 10/5/2013 19:57

They will - there is only a couple of major holders. They will have been brought on-side already. Still think this is a good opportunity. Should trade closer to net asset value as a bigger investment trust with a strong yield. It won't go higher than proforma NAV - 5% though in my opinion, until the placing is done.

[solarno lopez] 09/5/2013 13:13

I cannot disagree but their is bags of scope and what happens if the Prefs do not convert !!

[topvest] 09/5/2013 13:08

solarno - the diluted NAV is not £4 post transaction, so I think it's a bit misleading quoting the current £4 net asset value. It's about 50p less after conversion of the preference shares and costs of the transaction.

[solarno lopez] 09/5/2013 08:06

And the price ticks up

[solarno lopez] 09/5/2013 07:44

With underlying investemnts topping £4 the new managers have lots of scope to turn the portfolio and make some handsome gains .....all for our benefit

[topvest] 08/5/2013 18:53

I added a few more at 310p - price should move up to the placing price once the deal is more commonly known.

[solarno lopez] 08/5/2013 15:17

Investors are begining to appreciate the deal and the discrepancy that exists with the pricing and asset value

[solarno lopez] 08/5/2013 14:03

Fully agree but its still a very tasty investment especially as they are aiming for a yield of 6%.

Current asset value is £4

[topvest] 08/5/2013 13:59

The placing is at £3.29 and the proforma net asset value about £3.50 by my calculation. Great news today as Miton are a quality manager and this should be quite a unique vehicle. Probably worth adding if you can get in below the placing price. Gervais should do a pretty good job and it looks like ongoing charges will be cut from 4% to 2.5%. High costs was probably the biggest problem for this company. I think it's a bit unfair that they are doing a placing without an open offer to existing shareholders. Looks like the CEO is on a decent consultancy arrangement and will be at the table for the placing no doubt. Why couldn't existing holders (without having preference shares) have an opportunity to buy some shares at the placing price?

[solarno lopez] 08/5/2013 10:12

This is not on anybodys radar apart from the three of us hence no serious buying of £4 of assets for £3

[solarno lopez] 08/5/2013 08:49

The price should be higher to reflect the net asset value of £4 when the market price is only £3

[solarno lopez] 08/5/2013 08:44

And me this is great news with such an asset backing of near £4 something had to happen

[topvest] 14/11/2012 17:20

Having look at the latest accounts, looks like they may have sold in 2012. Bought a few of these.

[topvest] 11/11/2012 21:02

It's not material - £200k.

[vizcaya2] 11/11/2012 13:05

As the Administration of Manganese Bronze was confirmed on 30th October (after MNGS announcement of intention on 22nd) the INV Chairman's statement was dated the 9th November I am not concerned. INV is pretty transparent and if material they would have said so I believe.

[topvest] 10/11/2012 16:51

See they hold £200k or so in Manganese Bronze prefs - that's not looking good, following the administration.

[topvest] 09/11/2012 21:50

Thanks - anyone hold in a crest personal member account, rather than nominee? I understand that this might not be possible as it's a residual stock. Like Casdon.