Livermore Investments Share Discussion Threads

[maloneyt] 20/3/2012 19:31

It is reported on td direct that this company has been delisted from the AIM market as from 19 December 2011. Does anyone knows as to how this affects this stock and is it now difficult to trade this share, and what does it mean for the future of this stock.

I bought this piece of sh...t at 135p and have been holding, sitting on a big loss hoping that one day I would get my money back

[hugepants] 23/1/2012 19:32

Big trade at 13p. Buyback perhaps?

[wexboy] 31/12/2011 13:47

Hi Folks,

I've included LIV in my Baker's Dozen for 2012 – see my latest blog post on:

wexboy.wordpress.com

Best of luck in the New Year!

Wexboy

[spectoacc] 14/12/2011 15:13

Past its sell-by date (June 2005 - £2.60).

[hugepants] 14/12/2011 14:48

I think its half-baked.

[spectoacc] 14/12/2011 14:27

Or cooked.

[hugepants] 14/12/2011 13:04

its gone off the boil

[hugepants] 14/12/2011 09:35

is something cooking

[hugepants] 31/10/2011 14:29

Everest Special Sits
Livermore - Letter to board
RNS Number : 7406I
Everest Special Situations Fund
20 June 2011




EVEREST FUNDS L.P



May 26th, 2011



To: Livermore Investments
Board of Directors
Ron Baron - Executive Director and Chief Investment Officer
Gartenstrasse 10
8002 Zürich
Switzerland
Tel: [phone]
Fax: [phone]







Dear Sirs,



We are substantial investors in Livermore, having initiated our investment during very rough times for the company. Despite very positive developments reflected in Livermore's massive cash position, its profitability and the diversification of its assets, the share price, which is the ultimate barometer of successful management and shareholder satisfaction, does not reflect the intrinsic value of the company and regrettably so.



We believe management should take an active role in making Livermore properly understood in the market. This requires a concerted effort to ensure the investment community fully understands the company's strategy, assets and direction well beyond the semi-annual financial statements read only by a handful of shareholders. In our opinion this will serve to increase liquidity, which in turn will be followed by share price appreciation.



It can be argued that the current situation is not unintentional. It serves mainly the controlling party as the grossly undervalued share price allows the company to utilize its existing cash to buy back stock at ridiculously low prices from the minority shareholders who do not understand the fundamentals and true situation of the business. We have serious concerns in this area considering that another business controlled by Livermore's controlling shareholder, also a public company, enjoys extensive public relations, media coverage and endless presentations to asset managers. It also pays handsome dividends annually. This is in complete contrast to the situation at Livermore and one can only seriously question the different agendas and conflicts of interest.



We urge the board and management to immediately take the necessary steps to serve all stakeholders' interests. These measures include acting in line with their fiduciary duties to take any and all appropriate action to elucidate to the street the fundamental soundness of the Company's business and what we believe is at least the 100% potential upside in Livermore's share price, which will be realized once the street perceives the strength of its business. This can be accomplished through sharing important and relevant information with the investment community, presentations and meetings. If management does not accept this minimal fiduciary duty, it should consider an alternative route to unlock value for minority investors by means of a tender offer, M&A, dividends or liquidation.



We trust that our recommendations will be given the serious consideration befitting a board that seeks the best interests of all its shareholders.





Sincerely,



Nani Maoz

Chairman

[hugepants] 23/9/2011 09:24

Well NAV is now 36p per share. So at 13p trading at a huge discount now. Should be buying more really but who knows whats going to happen to the market in the next few months.

[spectoacc] 23/9/2011 07:32

More good results but there's a "what's the point" element to owning LIV - no divi, no share price rise. Probably get taken out on the cheap in the end?

[abix74] 31/8/2011 21:58

mots - 31 Aug'11 - 21:50 - 14732 of 14734

Bellamy and Suarez will be a handful for anyone - Carroll wont, mark my words,one of the worst deals in transfer history.

abix74 - 31 Aug'11 - 21:54 - 14733 of 14734 edit

mots, you're better than me at fantasy football but I know sport better than you.

Carroll will come good.

[hugepants] 28/7/2011 20:27

LIV have just bought back 6% of the company at 16p.


28 July 2011

...Livermore announces that it has acquired an additional 17,500,000 ordinary shares of the Company at an average price of 16 pence per share. The Company will hold these shares in treasury for the time being....

[spectoacc] 20/6/2011 16:14

Interesting; long out of these but no question cheap vs NAV. But can they really do anything vs big majority s/holder?

[hugepants] 20/6/2011 14:37

Shareholders not happy!

[hugepants] 19/5/2011 11:28

I suspect they'd have no problem delisting now if they want adam. This is the reason I wont hold too many even though Im certain there would be an associated tender offer. At what price though?

They bought back over 8M shares at 50% of NAV last year, so must have effectively made over a million pounds profit. I think they are probably quite happy to keep doing this.

[adam] 19/5/2011 10:37

I haven't bought yet mainly because of the large shareholding of the CEO.

Investors, me certainly, are probably discounting the possibility that they declare there is no necessity for an AIM listing and the added cost. They need 75% of the voting shares. Of course with over 50% and probably few voting it won't be long till they can do that.

Why not offer NAV or say 10% discount to NAV in a tender offer to shareholders to allow them exit?

Why are they hard-balling their own shareholders?

I think a share buy-back at a steep discount is morally defensible when there is liquidity in the shares. It is at least then arguable that the price is a fair market price. There is no liquidity here apart from selling your shares cheaply back to the company.

[hugepants] 19/5/2011 08:57

Good set of results today


NAV up 13% to over 30p

[hugepants] 07/4/2011 20:58

Ive picked up a few given downside looks limited. They are buying back shares and it looks cheap with 28p NAV including a decent amount of cash and liquid assets.

[spectoacc] 21/4/2010 12:55

Aye depends what they do with the proceeds; a fat loss overall for them but a good exit from what's been a pretty dire investment.

Am waiting for Hell to experience a mild frost before I go back into LIV.

[adam] 20/4/2010 16:15

can't see it being bad for Livermore as i think the guy that runs LIV owns a good 50% of the shares, so would not shoot himself in the foot. I am not in these ATM, but might consider re-investing if it looks like the NAV is firming up with cash and easier to value assets.

[spectoacc] 20/4/2010 15:52

"Fragiolig (a wholly-owned subsidiary of the Izaki Group, the Israel-based real estate development firm)". So def not LIV it seems.

And a quick search brings up:


So the bidder is the eponymous group of the chairman of the investment committee? LIV is Israeli-owned too, definitely no connection?

[adam] 20/4/2010 10:59

> LIV are doing the buying!

How?

It looks like FRAGIOLIG are buying and LIV are selling, no?

[spectoacc] 20/4/2010 10:40

LIV are doing the buying! Averaging down by buying the entire co - two points spring to mind:

1. They're getting a bargain, and may well succeed with the bid due to large shareholding
2. More cynically, are they just doing it so they can quote the NAV fig, rather than Atlas's s/p?