Ish Us E Hi Dis Discussion Threads

[energyi] 26/10/2003 16:32

Any interest in these?

[energyi] 17/4/2003 18:30

Good.
I expect a decent rally in Gold & Gold shares into May.

I may do some serious selling then if it happens.
And if so, may sit out what i hope is a drop in Gold shares into
the usual seasonal low in July/Aug.

Some money may get parked in some of these INCU Funds, if they
get cheap enough

[captain swing] 17/4/2003 18:21

I havent bought a share yet.
I am studying the sector, not investing yet
My money is in gold shares

So's mine

[energyi] 17/4/2003 18:05

Victim?

Capt. I havent bought a share yet.
I am studying the sector, not investing yet.
My money is in gold shares

[captain swing] 17/4/2003 18:03

Hey Mike chin up!

I've studied REI investments, some are well dodgy e.g. River Diamonds

Some have potential e.g. Thistle, Celtic.....

It was only an 800 quid investment
--------------------------------------------------
Poor Mike -- last victim of the Internet bubble!

Internet incubators! Big yock here...... Words fail.... I teach students.... on this planet its a big thank G the easy internet opps have gone away...

[energyi] 17/4/2003 17:47

I was asked to put some money into one of these.

The problem is that once the hold period is up, all the loose stock
from the reluctant holders hits the market at the same time, and that
drives the price down to a huge discount. Where these companies hold
sahres in each other, it can create a viscious spiral.

Also, their stock selection was poor.
Basically, they did deals with any company which was foolish enough
to play. And many of these were dodgey companies themselves.

REI at least aimed for some decent companies.

Poor Andrew Woollet (of ZincOx) fell prey to this scheme.
Pity, because I think he is running a serious company.
His shares now consistitute about 20% of the MktCap of NOIT,
and what will he do with these shares?

Advfn has the same problem with the shares they took.

[captain swing] 17/4/2003 17:40

Thanks for your reply Mike.

People should get angry about HAO, NOI and JIT (if they are what they may appear).

[energyi] 17/4/2003 17:24

NOIT: 23,529,802 shares in issue at present, & 4,362,094 wts.
23.5mn x 25.0P= £5.9 MktCap

NOI HOLDING...(Sym) .Pct. Shares Price .£Cost Curr. £Value
Global Energy (GED) 7.14% 2,000K 50.0P 1,000K 50.5P £1,010K
ZincOx Resrcs (ZOX)16.41% 3,428K 41.5P x,xxxK 39.0P £1,337K
LatinAmerCopr(Ofex) x.xx% ?????? ????P x,xxxK xx.xP £0,???K
GTLResources..(GTL) x.xx% 3,600K ????P x,xxxK 13.8P £0,495K

Other Non-Rs
Greenchip.....(xxx) 15.6%
ADVFN.........(AFN) 14.9% 50.7mn 1.25P 0,633K 0.95P £0,481K
London&BostonI(LBN) 14.0% 11.7mn ????P x,xxxK 3.88P £0,454K

[captain swing] 17/4/2003 17:14

Hi Energyi. Inquiries are proceeding re Jubilee, chaired by former Tory minister Francis Maude, see JIT thread. Related companies are New Opportunities Trust NOI, and Hanover Capital HAO. Hanover was formerly Tera, formerly Oxygen -- founded by 19 yr old daughter of Man Utd director Michael Edelman at height of internet bubble March 2000. HAO now developing gold mining opps in Mali (yes), called Valley Forge.

I'm only worried cos Resources Investment Trust REI has been using the same share swap idea as Jubilee. Also JIT and REI share an interest in River Diamonds I think.

Regards the Captain (Pat)

[energyi] 17/4/2003 16:57

FIASCO?
these Share-Swap-Funds may prove to be a repeat of the Split Capital scandal... at least fewer individual investors were involved

[energyi] 17/4/2003 16:31

1/24/03...
1)
£2.5million minority stake of 18.5% in Jubilee Investment Trust by Hanover Capital

2)
£2.5million minority stake 28.49% Hanover Capital by Jubilee Investment Trust

These two are imploding together as the three month hold period finishes...

[energyi] 17/4/2003 16:24

THE THINGS THEY GET UP TO!

Regen Enters Placing Commitment with Jubilee Investment Trust
By Staff Writer
ILF News England ... January 22, 2003.
LONDON, UK (ILF News) -- Regen Therapeutics Plc has entered into a conditional agreement to purchase 750,000 new ordinary shares in Jubilee Investment Trust Plc in a bid to facilitate its future financing efforts.

The London-based biotechnology company will secure the new shares of 10p each in Jubilee at a price of 100p per share, which is to be settled by issuing 15 million new Regen ordinary shares of 5p each to Jubilee.

Jubilee is a new investment trust seeking admission to the official list of the UK Listing Authority and trade on the London Stock Exchange. Admission is expected to take place first thing Friday morning.

The company's holding in Jubilee will represent just over 5 percent of their issued share capital, while Jubilee 's holding will represent nearly 14 percent of Regen's issued share capital following the issue of the new shares.

Regen has agreed not to dispose of any part of its holding for a period of three months from admission and to be limited to selling a maximum of 10 percent of its initial holding in each month thereafter.

Disposals of Jubilee shares may be used by Regen to partially fund itself, according to its ongoing working capital requirements it said.

"Our holding of shares in New Opportunities Investment Trust PLC has enabled us, whilst leaving our holding intact, to raise a further £730,000 of funding through a share issue and a secured overdraft facility," said Regen executive chief, Percy Lomax.

"Accordingly, we shall also endeavour to utilise the Jubilee shares to secure further finance," he added. "In the current very difficult market conditions the company will continue to be innovative about its financing."

Shares of Regen were unchanged Wednesday at 4.25p on the London Stock Exchange, where it is quoted under the symbol RGT.

[energyi] 17/4/2003 14:59

Jubilee has a stake in the sector...

sate_uk - 24 Jan'03 - 17:41 - 33 of 35
Who understands why Hanover has 'given away' 28.49% of the company for 18.5% of what exactly ? A piece of paper with the name of a company called 'Jubilee' which has only listed today. What security is there for the £2,500,000 ?
Sate

[energyi] 17/4/2003 14:57

That is my style, Bob.
I avoid what is popular and follow what is out of favor

[a.fewbob] 16/4/2003 22:22

Thats funny, everyone else is trying their best to forget them!