Menhaden Resource Effici... Share Discussion Threads

[robertspc1] 10/5/2023 10:30

I assumed it was uplift in US quoted portfolio but guess it could be X Elio. Thought they might announce that specifically

[hedge fund harry] 10/5/2023 08:34

NAV jumps from 140.4p to 146p. What would explain that if not x-Elio?

[robertspc1] 09/5/2023 21:08

146 NAV excluding x Elio uplift

[hedge fund harry] 30/4/2023 20:30

hxxps://www.menhaden.com/application/files/1516/8129/4339/MHN_Factsheet_March_2023.pdf

Within our private portfolio, KKR agreed a deal to sell its 50% stake in X-Elio to joint venture partner, Brookfield Renewable. The transaction is expected to close during the second half of 2023. We are waiting for confirmation of the final terms.

[hedge fund harry] 27/4/2023 09:50

Microsoft was up 12% yesterday

[robertspc1] 26/4/2023 11:17

See insider buying 300k shares. Good to see but who is selling at these levels

[robertspc1] 26/4/2023 11:14

Maybe another investment trust will take the opportunity to acquire this at a big discount when the X Elio deal goes through. Otherwise the Board and Investment Manager will just keep taking the fees

[steve3sandal] 25/4/2023 12:55

I did write to them a while back and they’ve done what they said would fix it. Presentations, meet potential investors and do some buybacks. As you say it’s not made any difference. Meanwhile they are still accumulating fees.
If enough of us contact the Board maybe it would help, though there seems to be some large friendly institutional holdings so they can carry on hiding behind them.
An orderly sale down and distribution of 140p or whatever must be in everyone’s best interest and isn’t that what the Board are there to achieve?

[chrisdgb] 25/4/2023 11:26

Thanks for the info.........

[robertspc1] 25/4/2023 11:12

The share buyback has made absolutely no difference. Time for someone to put pressure on the Board for radical action. Otherwise just liquidate the holdings over the next few years and release the cash before the next continuation vote

[robertspc1] 24/4/2023 20:32

X elio in process of being sold, presumably at a premium to NAV

[chrisdgb] 20/4/2023 12:52

Can you comment on the X Elio uplift..????

[robertspc1] 14/4/2023 13:39

NAV back to 140p with X Elio uplift to come. The discount will close in time otherwise they will rightly lose continuation vote

[robertspc1] 02/9/2021 13:15

NAV over 160p, why would anyone be selling with this massive discount

[robertspc1] 23/8/2021 22:35

NAV higher again on Microsoft results ... just hope some way to close the discount is found

[steve3sandal] 04/8/2021 21:03

29% discount to NAV and we have another insider buy of £3k. Jeez.

[steve3sandal] 04/8/2021 12:59

Good point and another inherent contradiction to the public listing here. Rising NAV, the share price is an embarrassment.

[kohsamui] 04/8/2021 11:43

Although less than a decade of fees wipes the discount….I don’t think cost conscious discretionary managers can invest as costs look too unreasonable and at least their clients would ask questions- unfortunately to their discretionary manager not the trust!
This removes many private investors so it’s odd that they say they are active in the PI marketing…

[steve3sandal] 31/7/2021 02:12

That small purchase by a person closely associated with a partner looks a little desperate PR to me.But following Alphabet blow out earnings now Charter follows up with their shares hitting an all time high. Good stock picking but Board and management need to get their discount message out.

[robertspc1] 20/7/2021 13:30

More insider buying. They can clearly see the valuation gap, what are they going to do to close it ?

[steve3sandal] 07/7/2021 16:09

https://citywire.co.uk/investment-trust-insider/news/james-carthew-menhaden-remains-a-fish-out-of-water/a1527755?section=investment-trust-insider&_ga=2.206717461.740776996.1625594600-346806473.1625594600An interview with Citywire. Judging by the article and the comments it's not gone well. NAV at 151p, excellent, everything else is poor. Hopefully the directors look for feedback.

[robertspc1] 24/6/2021 18:43

Thanks ... some smart people will spot the opportunity I hope