New Star Asset Management Share Discussion Threads

[asmodeus] 25/3/2008 15:56

I hope you mean pounds, gcom2 :)

[gcom2] 25/3/2008 15:45

NSAM seem to have passed previous resistance level hope to see around 1.50 next week or two

[carterit] 25/3/2008 13:25

Hopefully this has hit the bottom,and over the next couple of years can look to regain its former glory and become a 4 or 5 bagger.Remember Aberdeen over the split capital fiasco 5 or 6 years ago.Dropped down to 20p,and over the next 2 or 3 years became a 10 bagger.

In the Sunday Mail,Financial pages,Duffied also stated he saw markets as being at or near to the bottom and that Real Estate is a place to be.

With the prospect of the Banks et al,hopefully also being at or near to the bottom (and property and Financials have probably been behind much of the recent problems at New Star) maybe,just maybe the corner is turning....

[asmodeus] 25/3/2008 11:34

Up 11.2% at 101.5 mid, as I write. Anyone know why?

[mike24] 22/3/2008 08:57

bit of a bashing in the d.mail what went wrong, four funds run
by two managers were utterly wrong about credit crunch,

but they were still asking punters to buy into prop fund as late
as sept 07 if you look at land registery figs some areas peaked in
o6 (commercial}, canadas globe &mail printed extracts from the great
john talbots books warning of a housing crash in oct 06
amando falcon was fired by bush for highlighting the dangers the fed
faced in trying to support banks/f.m/fanny.m saying they might have
might not be possible to bale them all out, capitol economics said
yesterday comm prop could fall by up to 30% within another twelve months,
so many high fliers are losing to much money the easy times are over
anyone who can make make money in a downturn has my respect
a replacement is needed for the late ian kerr dubbed courtier and assassin who never learnt to read balance sheets,just instinct and anecdote
we need a"F"gordon ramsey type to sort out these highly paid IFA's
to make us some inflation proof income, not tell us about past performances

[nicd] 20/3/2008 07:38

results dont look so bad, so share price will get punished for sure

[scribbler101] 19/3/2008 23:40

babylon3 - Bismillah (PBUH) did you read that by the river?

[babylon3] 19/3/2008 20:33

Brilliant..............

[fillipe] 16/3/2008 20:52

sruk - thanks for that info. Also a recent mention of a price target from Evolution, of 130p. Results out on Wed, I think.

[sruk77] 16/3/2008 11:35

Aberdeen Asset believed to have made an approach to New Star and a bidding war is brewing for F&C Asset Management:

[moob] 16/3/2008 07:51

City focus: sub-prime sinks Carlyle fund
Simon Duke, Daily Mail
14 March 2008, 9:50am


The collapse of Carlyle Capital Corp (CCC) marks another depressing twist in the sub-prime saga, which started in America's trailer parks and has now dragged the world's biggest economy to the brink of recession.
It's a hammer blow to the reputation of the controversial £40bn private buyout titan, which still owns 15% of its listed subsidiary.

But it was the broader implications of CCC's collapse that sent global stock markets tumbling and 'safe haven' assets such as gold racing to record highs.

Experts say it's the clearest illustration yet of how the panic has now spread from the murky sub-prime world into the safest corners of the investment industry.

Carlyle yesterday laid the blame for CCC's collapse on the 'substantially' tougher borrowing conditions in wholesale money markets.

In reality it was the fund's lenders, including Deutsche Bank and JPMorgan, who pulled the plug after CCC failed to pay interest on a whopping £8.2bn of debts. Plans are now afoot to liquidate the fund and return cash to its backers.

[nirvs] 10/3/2008 16:42

lol. U must be long...lol

[zutalors] 10/3/2008 16:22

Good contrarian indicator The Turtle Trading System

[nirvs] 07/3/2008 10:57

The Turtle Trading System gave this a Sell signal today...Looks to go much lower IMHO.

[undertaker] 05/3/2008 10:08

very close to the 80 zone today

[evalongoria] 10/2/2008 09:54

desperate asset sale reportedin sun telegraph

Just 14 months after buying the bank's London headquarters for £145m, New Star is in talks to sell it to Evans Randall, the property investor, according to well-placed sources. The price could be as low as £125m, they say.
the news comes just weeks after New Star issued a profits warning and admitted that many of its funds were underperforming.

[undertaker] 08/2/2008 11:56

looks like someone is trying to push this towards the 90 level and below.

seems to be support at the 92 level though - will it last though?

Anyone know when the next updates are due from Duffield and co?

[atlantic1953] 07/2/2008 10:18

undertaker i thougt it might be new star commercial asett management

[undertaker] 07/2/2008 10:02

Atlantic, I thin Russion is using humour....read the SCAM in nSCAM.

I'm still going to hold off this I think it will definitely plunge into the 80's now.

Still watching and waiting!

[atlantic1953] 07/2/2008 07:22

white russian are you suggesting that nsam will hit 30p and if so on what basis, or is nscam a seperate fund?

[whiterussians] 06/2/2008 15:34

commercial property funds in trouble - FT front page


NSCAM - 30p here we come!

[undertaker] 05/2/2008 09:58

I wonder if this will break into the 80's this time?

still watching and waiting for an entry point!