Newriver Reit Share Discussion Threads

[roodboy] 10/3/2006 14:39

why does the risk seem high?

[din007] 10/3/2006 13:57

I`m in.....
Worth a punt, and thus far Cornhill hasn`t let me down.

But the risk seems high.
So only risk it, if you can handle the loss.

[spiv 1] 10/3/2006 13:47

Is everyone going for Mayfair? I think I will despite the risks?

[spiv 1] 10/3/2006 12:41

Could be. Mining stocks have taken a hammering this week. Just look at BHP.

[mdchand] 10/3/2006 09:35

there's the reason - a 100k seller this mornin. perhaps he's looking to get into mayfair??

[dhamilton] 10/3/2006 09:09

Maybe a large buyer!

[din007] 10/3/2006 08:56

Can anyone explain todays drop?

[dhamilton] 08/3/2006 21:29

Thanks noggebmop
They say it's going to float every week!

[noggebmop] 08/3/2006 19:04

D - unlikely monies for St James shares still sitting in my Cornhill Account - I believe its next week.

[dhamilton] 08/3/2006 18:44

Any one know if St James is floating tomorrow?

[din007] 08/3/2006 10:29

Started new thread for the Oil Pre-IPO (Mayfair Energy Group)

[din007] 07/3/2006 14:06

seems a high amount to risk on a Pre-IPO.
Just depends on your situation.

[mdchand] 07/3/2006 13:56

perhaps we need to club together and have an advfn application lol

[spiv 1] 07/3/2006 12:49

Just rang Cornhill. They are very bullish. Looks like £10k minimum unfortunately although there might be some flexibility there for exisitng clients.

[din007] 07/3/2006 09:31

Next Pre-IPO:
Mayfair Energy Group

This company is the longest established independent onshore oil operator in Azerbaijan. It has a concession on the largest onshore oil and gas field in Azerbaijan through a joint venture with the national state oil company. It has very strong connections with the state and is in prime position to source further concessions from the government in the future. The field has already produced over 260 million barrels of oil from continous unbroken production since 1955. Production from the joint venture has reached a cumulative 14 million barrels and it has always surpassed targets. Last year the Company produced 4500 barrels per day.

Mayfair currently owns 51% of the joint venture with the state but at its discretion their interests may be increased further.

The JV's accounts have been audited by Deloitte's and a recent detailed oil reserves report based on 3D seismic has been carried out by Schlumberger™, one of world's premier oil services groups. The Schlumberger™ report states that there are:

2 billion barrels of proven oil - 1P P90
a further 1 billion barrels of probable oil (2P 2.9 Billion BBLS)
a further 1.3 billion barrels of possible oil - 3P (P10) 4.2 Billion BBLS
Therefore there is an equivalent proven and probable asset of some 3 billion barrels of oil
There is an estimated 1.2 trillion cubic feet of proven gas. This equates to 200 million barrels of oil in terms of value

The company is currently raising up to £50m at pre-IPO with much of this earmarked for a comprehensive development and production program with a drill crew already on location.

Subject to further independent assessment on the company's vast asset base £250-300 million will be raised at IPO. Institutions will need to take 30% ownership at the IPO stage to provide sufficient liquidity for such a tightly held company. These funds would enable the Company to make the transition from a relatively small producer to much more serious player in the Caspian region.

The funds raised are expected to enable the company to raise production to 45,000 barrels per day, which equates to some 19.5 million barrels per annum.

It is estimated that there will be a 100% uplift in value from pre-IPO to IPO and we would anticipate the IPO be within the next 6 months. At the estimated valuation at IPO, this company could be one of AIM's largest company by market capitalization.

£50m is being raised pre-IPO from major institutions and (via Cornhill Asset Management) from high net worth intermediate investors. Given the scale and timeframe until this pre-IPO closes this investment will only be open to investors able to commit a minimum of £10,000 although investors at £50,000-£2m will be prioritized.

[din007] 07/3/2006 07:29

I`ve emailed my contact at Cornhill with the same suggestion.

Woundering if they are reserving some at 5k for existing customers.
Fingers Crossed.....

[spiv 1] 07/3/2006 00:02

I'll ring Cornhill tomorrow to find out why the minimum is so high. Perhaps it's likely to be oversubscribed and they want to reserve shares for their most 'prestigious' clients? I have to say that for me, £10k in a pre-ipo in a politically unstable country is a lot of money with that level of risk. I guess it all depends on how big your portfolio is and what level of risk you're happy with. I'd be a lot happier with £5k, particularly as the exit route will be months and months away.

[din007] 06/3/2006 18:51

10K.....why so much????
They don`t normally set such a high entry level.

[mdchand] 06/3/2006 14:47

ps oil IPO is up and running - min is 10k. looks tasty indeed :-)

[din007] 06/3/2006 12:23

many thanks...

[monkeyboy4] 06/3/2006 12:20

din007, IVE is Irvine Energy. The same management, floated in December and looks very similar

[din007] 06/3/2006 12:09

IPO'd at 3p.
4p on the first day of trading.

[adpstar] 06/3/2006 12:01

at what price did NRR float?

[din007] 06/3/2006 11:59

Well Nardina do have to spend the money they raised within a year.
According to AIM Cash Shell rules...

Nardina & St James do share management but operate in different parts of the world. Not sure how they divided up the area's.