Share Name Share Symbol Market Type Share ISIN Share Description
Mithras Inv.Tst LSE:MTH London Ordinary Share GB0005962864 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 219.50p 214.00p 225.00p 219.50p 219.50p 219.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.8 0.0 0.1 2,195.0 31.23

Mithras Inv.Tst Share Discussion Threads

Showing 276 to 300 of 300 messages
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DateSubjectAuthorDiscuss
04/9/2017
19:10
May be one of those occasions on which it might be best NOT to bid for 100% - canny shareholders might hold back, the bidder might get the 100% and forfeit future gains?
westcountryboy
04/9/2017
17:37
39.5% @ 223.7352p: ================= Seventh Tender Offer The Company has today published a circular (the "Circular") to Shareholders setting out details of the Seventh Tender Offer to purchase up to 39.5 per cent. of the Shares in issue as part of the Company's Realisation Strategy. Shareholders (other than certain Overseas Shareholders) on the Register on the Record Date (being 6:00pm on Wednesday, 27 September 2017) will be able to tender none, some or all of their Shares within the limit of the Seventh Tender Offer. Tenders in excess of a Shareholder's Basic Entitlement will only be accepted to the extent that other Shareholders tender less than their Basic Entitlement and will be satisfied on a pro rata basis to the number of Shares tendered. The Tender Price is 223.7352 pence. This is equal to approximately 98.8% of the unaudited NAV per Share as at close of business on 30 June 2017
skyship
11/8/2017
11:23
Perfect: Seventh Tender Offer As highlighted in the Company's Interim Report and Financial Statements for the period ended 30 June 2017, the Board is pleased to announce that it is currently preparing for its seventh tender offer. It is expected to be for GBP9.0 million and should be completed, including obtaining approvals and receiving tender offer requests, before Friday 6 October 2017. The seventh tender offer will be priced at net asset value less costs, which are expected to be in the region of 1-2% of net asset value. The seventh tender offer will be based on the 30 June 2017 net asset value. Shareholders will be able to elect to tender their proportionate entitlement under the tender offer and to apply for more than their proportionate entitlement, satisfaction of which will depend on other tender elections received. Documentation is expected to be sent to shareholders in early September 2017.
rambutan2
31/7/2017
07:53
Thnx for that RAM. Ista is/was our 3rd largest holding @ 7% - so c16p/share at the Jun'17 valuation.
skyship
31/7/2017
02:08
Agree, cash drag should rule out much of a wait. TMF, assuming an ipo happens, is one for next year. No doubts re Ista sale though... hTTp://www.cvc.com/Media-Centre.htmx?tabyear=2017&mediaitem=14081708072001
rambutan2
27/7/2017
08:23
Yes, 226.5p NAV a tad disappointing perhaps, but the cash build-up impressive. That £9.0m would fund a 40% Tender @ 224p; and they could do that now. Of course, a successful TMF IPO might well boost that NAV somewhat...so do they wait...I suspect not.
skyship
26/7/2017
17:51
Here you go SKY. Nav only up a tad, but cash gushing nicely: Liquidity and Outstanding Commitments The Group's liquidity position continues to be strong. During the period the Group's cash position has increased from GBP5.7 million to GBP10.0 million. This is after the return of GBP9.2 million to shareholders from the sixth tender offer in April 2017 and the 1.0 pence per share dividend paid in May 2017. Excluding subsidiary company cash balances, the Company's cash balance of GBP9.4 million compares to a maximum outstanding commitment at 30 June 2017 to MCF of GBP3.2 million although our current expectation is that only up to GBP0.4 million will be drawn, leaving a cash surplus of GBP9.0 million at 30 June 2017. The Company is now giving consideration to the timing of its next tender offer. htTP://www.mithrascapital.com/pdfs/247.pdf
rambutan2
21/7/2017
17:16
Interims to 30th June likely to be next week; 27th July last year. Hopefully a further advance in the NAV and possibly even news of the next Tender...
skyship
05/6/2017
08:26
Thnx for that RAM. I see TMF is our 2nd largest holding accounting for 10% of the portfolio.
skyship
05/6/2017
01:37
Noted: htTP://www.telegraph.co.uk/business/2017/05/06/1bn-boost-stock-market-tmf-opts-london-float/
rambutan2
02/6/2017
17:18
MTH continue their almost daily tick-up. Closed @ 220p-224p today.
skyship
10/5/2017
23:33
Skyship No Don't think HL supports blogging/discussion. This advfn thread is very useful source on this specific topic. ADVFN is real. curate's egg. Some threads are mayhem and anarchy. Others such as this are civilised and precious. Just have to take rough with smooth.
tournesol
10/5/2017
18:27
Twixy - question - is there an HL researching/watching/blogging website half as good as here?
skyship
10/5/2017
17:50
My allocation with HL was 77%, not 100%, as the balance of my account read, so still in the game. Agreed Skyship; little doing on stock and what there is available is above the spread.
twixy
10/5/2017
14:35
I haven't calculated the exact figures; but the sale of Advance Pierre delivers c£8.2m CASH and an NAV increase from 223p to c237p. That AP CASH = c37% of the post tender net assets. That cash stat suggests another tender may be on the cards sooner rather than later. Looks to be little chance of getting any more stock at a discount to the last tender price of 217.5p. Personally I bought back just 3k @ 213p; so sadly getting squeezed out, though still a c6% allocation to what has proved a superb investment these past 3yrs.
skyship
04/5/2017
15:20
IDealing confirmed 32.525% as per Ian's calcs above. Also apparently the few holders they had in Group Nominees all accepted 100% - so no overage. Rare that... No problem as the next Tender will likely be at a higher figure sooner rather than later, following the cash bid for their largest asset - Advance Pierre foods...
skyship
04/5/2017
14:28
Yieldsearch - my 75.6% with AJ Bell Sippdeal, like Skyship's, was in my SIPP.
westcountryboy
04/5/2017
09:38
This does seem to be all over the place. I tendered 100% of mine. Successfully did 100% with HL (as others are reporting) but 'only' 42% with Stocktrade.
langland
04/5/2017
09:36
Great tks. mine is with youinvest / AJ Bell. I have requested clarification from them and will report back
yieldsearch
04/5/2017
08:56
Skyship - that was my initial reaction but it is only 4.28% of the excess you asked for so 4.8% of (100% - 29.5%) YS - I got 32.53% from AJ Bell. difference is probably rounding to whole shares.
ianbrewster
04/5/2017
07:46
YS - 75.6% - as stated above. The difference may be that between AJ Bell brokers, or a Sipp with YouInvest. Mine were in the latter.
skyship
03/5/2017
23:58
i got 32.453% from AJ Bell / Youinvest.. and i tendered 100%? can people pls confirm their %result for youinvest, tks
yieldsearch
03/5/2017
23:01
I got 100% via HL
tournesol
03/5/2017
18:35
Idealing have screwed up!!! They told me 32.525% I've delicately pointed out the minimum is 29.5% + 4.2791% = 33.7791%. I accepted for 100%.....so they need to revise their figures...........
skyship
03/5/2017
18:27
TD came through today, was the minimum tender amount, I'd asked for 50%. In retrospect a good result! Alliance trust arrived yesterday, was 33.4%, which is what I'd requested.
rambutan2
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