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% 250.00p 244.00p 256.00p 250.00p 250.00p 250.00p 740 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.3 0.4 3.8 65.8 35.57

Mithras Inv.Tst Share Discussion Threads

Showing 301 to 323 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
10/5/2018
13:54
Agreed - it was a great ride - following in the footsteps (& partly contemporaneously) of HPEQ & NRI... Moved on c2weeks ago. Thnx again to RAM for the intro to this great play.
skyship
10/5/2018
13:38
Sorry it's taken me so long to come back here after my previous post. As promised I've been through my notes of the AGM but frankly they contained no substantive information to add to what is already in the public domain. What I can say is that the Board seemed very positive about the final stage of the realisation process - relaxed, confident and optimistic. The impression I gained was that the final outcome is expected to be favourable - ie ahead of current NAV estimates. But this is based on the mood music and emotional dynamic of the communication rather than on any numbers. "we are very confident of a positive outcome" kind of thing. The question then is - is it worth holding for the final chapter of the realisation? Which begs the question, what upside might be obtained from here on in? Let's imagine for the sake of argument that the ultimate upside is another 10% between now and the last trumpet sounding. Is that enough of a reward to take the risk of something going wrong? And the loss of control over timing? (As I understand it when the liquidator is appointed, the shares will be delisted and investors will then be locked in to the bitter end.) My instinct is that it isn't enough compensation. It's easy to imagine some component part of the disposal process going awry for all kinds of reasons. And I am averse to the idea of being locked in for months on end. So would 20% be enough compensation? Yes, that's more like it. But how likely is it to be achieved? I think I might have just talked myself out of holding.
tournesol
26/4/2018
11:19
Tournesol - always enjoy seeing your moniker as we live in a "House in the Sunflowers" (title of book written by local author Ruth Sylvestre, mentioning our house as the restoration of a ruin!). The sector has been a great value play for quite a few years. You'll see most of the players on the Private Equity thread (PE): https://uk.advfn.com/cmn/fbb/thread.php3?id=26570589
skyship
26/4/2018
10:53
I attended yesterday's AGM - there was just a handful of PI's present. As a relative newcomer to this trust and a relative ignoramus wrt this sector I found the various presentations interesting and semi-enlightening - I think everyone else in the room had a better grasp of the detail than I did. Took lots of notes but given that all of the presentations have already been posted onto the website I'm not sure that there is much value I can add. Possibly there's a little additional flavour/texture to be derived from the voice overs which accompanied the slides. I'm rather stretched this morning/afternoon but will do my best to review my notes and identify anything worth posting here as soon as I can.
tournesol
25/4/2018
14:29
Sold my position on Monday following Friday's N/C NAV update. Perhaps should wait for the final liquidation; but once again wanted to raise my liquidity position; and MTH looked to be the one to go. AGM statement doesn't seem to add much to the underlying knowledge of how much and when...
skyship
12/4/2018
02:12
OrthoD sold: htTps://www.pehub.com/2018/03/apposite-capital-buys-orthod/
rambutan2
21/2/2018
21:16
...and the top two holdings "in play" one way or another. All reads very positively.
skyship
21/2/2018
19:02
Finals out, and we enter the end game with nav at 255p and hopefully a bit more to come... httP://www.mithrascapital.com/pdfs/262.pdf
rambutan2
09/11/2017
03:44
And for reference, the remaining cos in CVC V: Ahlsell hTTp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=8061209065701 Avast (upcoming IPO?) httP://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=10391414043001 BJ's htTP://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=7321104115201 Continental Foods htTp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=10061409035501 Cunningham Lindsey httP://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=8461215125501 Delachaux hTtp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=7351204011501 Domestic & General htTp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=10041409033201 Elsan hTTp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=11011514011301 Ista (agreed sale ongoing) htTP://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=1671008125101 Sky Bet htTp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=11251514032101 Synsam hTTp://www.cvc.com/Our-Portfolio.htmx?ordertype=0&itemid=10611412084601
rambutan2
01/11/2017
13:53
AHhh - of course - had totally forgotten about that quite recent event - DOH! Yes, a very logical end game outcome. Thnx as ever...
skyship
01/11/2017
13:08
Hi SKY, yes I would hope that TMF would get us to 250p. Re the end game, I do think they will be able to sell the port, just not too early I hope. The obvious buyer is Pomona, who already own a 50% stake in the underlying. In any case, it should all play out next year, so not long to wait. hTTps://www.investegate.co.uk/mithras-inv-trst-plc--mth-/rns/transfer-of-lgas-interest-in-mithras-capital-fund/201507231552149464T/
rambutan2
31/10/2017
08:51
Thnx for that RAM. I think TMF was valued at c.45p/share; though likely uplifted at the Sept. valuation to c50p/share. I suspect from the wording of the news item that the TMF sale value could well add a further 15%-20%, taking MTH's underlying NAV up to c250p. What would be your estimate? Anyway, on the basis of this I've bought back in for a few this morning. Another consideration for any prospective purchaser is the end game here. One more Tender was considered likely; but what then? Selling the portfolio seems unlikely as surely too small for other PE players. So the likelihood has to be a spell as an unlisted holding whilst they continue to liquidate. Is that how you view it?
skyship
31/10/2017
02:45
TMF agreed sale, and sounds like at premium to carrying value: hTTp://www.telegraph.co.uk/business/2017/10/27/tmf-ditches-1bn-london-float-getting-better-offer-cvc/ htTp://www.cvc.com/Media-Centre.htmx?mediaitem=14271709100201&tabyear=2017
rambutan2
18/10/2017
16:34
DNE has been taking off recently, after a long time in the doldrums.
pvb
18/10/2017
16:27
langbarb - effectively no difference. I considered buying back in; but having sold out in the Tender @ 224p really little point buying back in now at 223p inc SD - also the Market size doesn't really make it worthwhile - not for me and not for the moment at any rate. Still have a small residue with IGDealing; so pleased at today's RNS.
skyship
18/10/2017
15:32
Hi Skyship, could I ask what is the difference form unaudited and pro forma NAV? Is it the same thing and the difference in valuation is down to the completion of the Tender Offer? Would you be tempted to buy at around 222 for a 241p NAV. The trust should wind down by the end of next year according to the latest interims which at no change in NAV would mean a gain of 8.5 to 9%.
langbarb
18/10/2017
14:45
Sure enough - another good rise in the Net Asset Value: As at close of business on 30 September 2017, the unaudited Net Asset Value per Ordinary 2p share of the Company was 234.3 pence. Following completion of the Company's Seventh Tender Offer on Monday, 2 October 2017, the Company's proforma Net Asset Value was 241.3 pence per Ordinary 2p share.
skyship
05/10/2017
09:21
With Selftrade 100% also. I use iDealing as well, but avoid them for stocks susceptible to this type of tender as never get any overage. Either their clients are very switched on, or I wonder if they don’t cream the overage for themselves if they can buy stock at a price that gives them a turn.
papy02
05/10/2017
08:54
I am with YouInvest also. Applied for 100% (allocated full holding), 46.5% were bought in the tender..
yieldsearch
04/10/2017
16:38
Retired 100% with YouInvest; but only 46.4% with my very small rump holding with IDealing - that being the minimum I suspect. So after 7 tenders I bid farewell to what has been a really great investment. Thnx again to Rambutan.
skyship
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
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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