|North Atlantic Smaller Cos Inv Trust
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North Atlantic Smaller Cos Share Discussion Threads
Showing 101 to 125 of 125 messages
|Not sure that I am anticipating any major breakout as the shares have always traded well below NAV (as has OIG) but yesterdays NAV update was pleasing.|
|Where will the breakout take it, any predictions?|
|SBS too - Source Bioscience.
Trident III fund too did well out of CRX sales to a German group as holder of convertibles.|
|strathroyal, i agree. Mr Mills is as far from being a passive investor as it's possible to get. So if Harwood appear on the register it's always worth checking out. However, he has also perfected the art of taking companies private on the cheap, thus denying the pi from benefitting from future gains - except via NAS. Journey was a recent example. And Essenden (from which TEG sprung) was whisked off of AIM clearly way too cheaply.
To your recent examples list I'd add QP., Lake, NIPT and GOAL, all of which Harwood has recently been involved with via an equity raise.|
|ramutan2 - Thnks for that update as I had missed it. Funny how this IT goes under the radar when it & OIG throw off a number of interesting situations, recent examples being BQE, EKF and FEN.|
|I note that in the last interim report TEG was valued at £10.27m and was said to be performing ahead of expectations. At ipo price, £23m has been added to that valuation. Clever Mr Mills!|
|Harwood listed this at 165p yesterday. NAS holds 20.25m shares, a 31% stake and is subject to a 12mth lock in agreement. TEG is the second largest bowling company, with the largest, Hollywood Bowl (BOWL), having listed last year.
|I was wrong so far but still think the future is very bright here with the action in some of the portfolio companies due to show through. Next set of results will be interesting. The future is small cap. It's where the jobs and growth need to come from.|
|Might be a break out on low volume.|
|Thanks,topvest. After today everything should be hunky dory. Or not :-)|
|Probably hit by their large stake in a house builder as well. No doubt Gleeson is well down.|
|Thanks topvest it wasn't that obvious to me. NASCIT has a fair bit of US investment and we didn't have a melt down on Friday when the Brexit news hit|
|Would have thought that was pretty obvious! Market makers are dropping the price as a result of Friday. Small cap trusts are getting slaughtered indiscriminately.|
|Anyone know the reason for today's 10%drop?|
|Yes, very good weren't they. Both NASCIT and Oryx are doing the right things and have bags of cash to spend when the opportunities to appear. Both are smart investments.|
|Oryx results out...
|More than a year since last comment - amazing, considering the share price performance!|
|oig cheaper at the moment though ongoing charges on that are high?|
|Impressive results. They seem to be liquidating a number of investments, so will be very liquid for whenever the market turns.
"Adjusting for the Convertible Unsecured Loan Stock over the years, the net asset value now represents a gain of approximately 50x over the 30 years. This constitutes an IRR of almost 14%.
Given Warren Buffet is on 19 or so % that is pretty good going. Only downside is no dividend and the 2% ongoing charges, before double charging of fees on Oryx and Trident. I guess if the costs had been lower, then this trust would have out-performed Berkshire Hathaway!! They don't seem to get the credit that is justified.|
|still here a happy holder|
|A great record; I have been holding on & off for years but always maintained a core holding, which has doubled since Sep 09; has been amongst the best long-term performing ITs that I hold.|
|Yes, all quiet. I'm still here. Results soon. Net asset value £21. Good trust with very sound investment track record.|
|Last post here was almost 2 yrs back!
strange that, considering the fact that the share price has more than doubled in less than 5yrs.|
|More response in the share price here at NAS to the increased NAV then at OIG who are also run by Chris Mills and the Harwood Capital Team.
In percentage terms not much difference between them when comparing both the increased NAV statements released today just looks bigger here due to the share prices of the two, not surprising really when they are both invested in many of the same companies.
Mr Mills / Harwood do seem to be in a rich vein at the moment and look forward to what they can do over at QRT now they have their man on board, definate break up value to be had I think.
Also need to watch what happens with the private limited companies, I have noticed via companies house forms that on all of Bionostic, Orthoproducts and Nastor that share capital restructing is going on, perhaps prior to some form of corporate activity that could release some additional value to the funds.|
|Wow...impressive. Looking good here.|