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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% 240.00p 0.00p 0.00p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.3 0.4 3.8 63.2 34.15

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
30%!!! - should that perhaps be 30p?
Thanks pvb, upon checking my account I can see mine has arrived. Very nice. If remaining nav is circa 100p, then that's already a 30% uplift from what was mooted in the liquidation circular. I would be disappointed if there isn't more to come as the tail is sold off.
'ttention! This morning I received first liquidation payment, dated 5 October, of 169.5p per share. Says quarterly NAV will no longer be calculated but estimated pro-forma NAV as at 30 Sept of 270p per share before this initial payment (so estimated remaining would be 100.5p) but points out estimated nature of valuation plus "risks" etc.
The expected payment date for the first liquidation payment has passed. Guess the liquidators decided otherwise, as per the 16 August news release:
MTH shares to be suspended from today. Final quoted mid price 240p
Is there any point to hold for liquidation? Price seems pretty close to NAV and a good chunk (75p) will be returned o we 2 years if I understand correctly.
BJs (CVC 5) floated at the end of june at $17:;symbol=NY^BJ I'm fairly sure that there are only 2 investments left in PAI 5: Eyewear htTp:// Ice cream hTtp:// htTp://
The full circular: htTp:// Assuming the Resolution is passed, the Liquidators will pay a first cash distribution of £10.3 million, equal to approximately 169.0 pence per Ordinary Share on Friday, 28 September 2018. Following this distribution, the Company will have returned, in aggregate, a gross total of £63.4 million since 2013 which would equate to a capital return of 172.4 pence per Ordinary Share based upon the number of Ordinary Shares originally in issue. The Company has today announced that it will pay an interim dividend of 3.0 pence per Ordinary Share to be paid on 10 September 2018 to Shareholders on the Register on 24 August 2018. This interim dividend is being paid to ensure the Company maintains its tax status as an investment trust. On 25 July 2018, the Company announced that its NAV as at 30 June 2018 was 246.6 pence per Ordinary Share. The pro-forma NAV of the Company based upon its NAV as at 30 June 2018, and after taking account of the Liquidators’ first cash distribution and the payment of the interim dividend, will be 74.6 pence per Ordinary Share. The residual MCF portfolio comprises less than 20 underlying portfolio companies, mostly within the underlying funds of CVC European Equity Partners V and PAI Europe V. It is anticipated that further smaller distributions will be made to Shareholders during the Members’ Voluntary Liquidation process (estimated at 2yrs), although this is largely dependent upon the successful realisation of these underlying portfolio companies.
Interim dividend - though also final dividend! - of 3p announced for 10 Sept: Timetable for members' voluntary liquidation: Share Register closed 6pm 11 Sept.
Circular on details of Voluntary Liquidation by mid August: Latest NAV:
Decided to hold on for time being. Worth noting that HVPE (in its May nav update) mention that it received its TMF cash. So quite likely that we will be hearing about a distribution before long. imo
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.
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 - 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):
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.
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...
OrthoD sold: htTps://
...and the top two holdings "in play" one way or another. All reads very positively.
Finals out, and we enter the end game with nav at 255p and hopefully a bit more to come... httP://
And for reference, the remaining cos in CVC V: Ahlsell hTTp:// Avast (upcoming IPO?) httP:// BJ's htTP:// Continental Foods htTp:// Cunningham Lindsey httP:// Delachaux hTtp:// Domestic & General htTp:// Elsan hTTp:// Ista (agreed sale ongoing) htTP:// Sky Bet htTp:// Synsam hTTp://
AHhh - of course - had totally forgotten about that quite recent event - DOH! Yes, a very logical end game outcome. Thnx as ever...
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://
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?
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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