Livermore Investments Share Discussion Threads

[fozzyb] 24/4/2007 10:08

LBO - Would you consider buying in at these levels?

It takes bravery considering virtually anyone holding these is at a loss, but surely these levels cannot stay forever once Lanir gets investing..

Lanir has certainly been buying big (although he can afford it from IPO price!)

[lbo] 24/4/2007 01:14

Fozzy, they only have $4.96m in overdrafts and have Trade and other payables of $33.91m which I have factored in the Total liabilities figure. (see the minus £20m above) And no one is shooting you and I, for one, am always glad for any information but I think in this case people may be shooting shares mag for not getting or perhaps choosing not to get its facts right. I wonder were they telling punters to buy when it was so obviously overvalued over £1 and is now telling them to avoid after its plummeted and is now trading at discount to its real cash value of actually more like £137m (Yes sterling not dollars) Surely thats a case for shooting them and their message! LOL

[lbo] 23/4/2007 16:10

Not another stalker! I think you will find a short here was more profitable! LOL

Anyway, I still watch this as buying £1 for 84p is always interesting.

[liarspoker] 23/4/2007 16:01

I had to unfilter you to see your investing prowess LBO.

Looks like you would have made more money if you had invested in Anglo. ;O)

[lbo] 23/4/2007 15:57

The time to buy is when their is blood on the street! Sadly shares mag don't have their facts right on the amount of cash ($137.7) they have as they did not include the cash which will come from the partygaming shares which seem have not been sold yet and have been rising in value. (65,951,297 x 55p = £36m) They also have £60m in fixed asset investments which really gives over £160m in cash - £20m liabilities = £140m trading at £120m = 16% discount.

[ok,yah] 23/4/2007 13:46

yes and all this has going for it is cash

[fozzyb] 23/4/2007 13:44

Some news on this in shares magazine, did anyone see it or shall I copy it here?

It basically said *avoid*

[spectoacc] 20/4/2007 13:58

Aye I'm in; weakening $ prob not helping cash pile, but still a 20%+ discount to NAV. Will wait to see what investments Lanir actually makes, & whether he employs good managers or mates.

[fozzyb] 19/4/2007 22:54

A new low reached, anyone else holding?

[fozzyb] 08/4/2007 16:53

"shareholders would get cash at prevailing price in event of de-list"

Who's cash? I know you are not sure, but I dont think this is right, Surely the shares remain, just the regualatory requirements of being a public company are removed further and as such means Lanir can do even more what he likes, Great!

Investing in private companies is difficult, but if lanir wants shares he has to buy 97% to force compulsory purchase (remember man U and glazers) and as such price will go up under this sort of pressure..

Just my bit, I continue to hold.... although not happy

[bletherer] 04/4/2007 17:12

fozzy - I sold, though I still think there's every possibility it could go up again. You put your finger on the ambiguity here: it should be worth more than this on strict valuation grounds, even on yield grounds, but there's a huge question-mark about Lanir's intentions, and basically he can do everything - or nothing - with this company. I don't particularly like to be invested in a question-mark, even if it looks a rather undervalued one. And it's worth keeping in mind that this company MUST make an investment by next January, otherwise it will fall foul of the AIM rules on cash shells, and be required to delist. I'm not actually sure what would happen in that case, though presumably shareholders would get cash for their shares at the then prevailing market price. So far I don't see any evidence of progress towards that first investment...

[pinemartin9] 04/4/2007 16:11

Just started to look at this. I am going to wait for further clarification before investing.

[fozzyb] 03/4/2007 22:39

I am tempted even though I am several K down on this one, to buy more strangely, One half of me thinks LIV will go up and up, after all they are trading at discount to cash, but the other half of me thinks lanir is a con artist and will stitch us all up, whats everyone elses opinion? buy sell hold?hide?

[bletherer] 02/4/2007 11:45

Results out!! - 11.30 in the morning and looks like I'm the first to notice! Not exactly a huge market reaction... Of course given that they have no continuing operations the results in themselves are less important than what they have to say about their future direction, which is I'm afraid very little. This was about all I could find: "Livermore will invest in public
and private equities, real estate and credit products through separate
divisions, which will engage specialist teams that will focus on each investment
category. Livermore's investment strategy will have a global remit with a focus
on value added opportunities in emerging markets." Not exactly giving much away there, and since it's phrased in the future tense it looks as if not a lot has happened in the last 3 months. The one bit of good news is that Lanir is still paying himself a generous dividend; I suppose that's one small advantage to shareholders of having a CEO with a huge personal holding. In total, 2006 dividends are 2.7p or over a 6% yield at current prices, which I suppose is one (perhaps the only) reason for continuing to hold. I don't think it will push the share price much further north, though, until Mr Lanir's intentions become clear.

[fozzyb] 29/3/2007 09:44

Correct me if I'm wrong but I thought it the settlement was in USD, and thus it is not trading at 50% discount, but approximately the cash value.. The recent move down represents the strength of £ moving above 1.95 again. At present until announcements are made re:investments, then this share will mirror exchange rates I think.

Does anyone even have an inkling as to when they may announce results?

[lbo] 26/3/2007 10:23

not sure! I would love to know if they have sold their Partygaming shares?



"The total consideration for the Disposal will be satisfied by the issue to the Company of 83,325,934 new PartyGaming Shares, valued at approximately US$47.96 million, based on the average middle market closing price of PartyGaming Shares for the 15 dealing days prior to the date of the Sale Agreement, of which 65,951,297 new PartyGaming Shares (valued at approximately US$37.96 million on the basis outlined above) will be retained by and/or disposed of in an orderly manner by the Company in due course"

The FT


PartyGaming, the online gaming group, topped the FTSE 250 leader board with its shares jumping 15 per cent to 53¾p after the European Union told several German states to rethink their plans to ban internet gambling.

[bletherer] 20/3/2007 12:12

Cheers, LBO. Incidentally finals last year were in early April - do you have any idea when they will be out this time round?

[lbo] 20/3/2007 11:50

What will Mr Lanir have in store for this Investment company?






"It is believed to be considering spinning off a separate vehicle that would target investments in industries less risky than online gambling, such as a tractor business in India"

[stucom] 26/2/2007 16:01

houlier, heart of lyon!

[this_is_me] 16/1/2007 09:12

Still useless