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NAS North Atlantic Smaller Companies Investment Trust Plc

4,180.00
80.00 (1.95%)
26 Jul 2024 - Closed
Delayed by 15 minutes
North Atlantic Smaller C... Investors - NAS

North Atlantic Smaller C... Investors - NAS

Share Name Share Symbol Market Stock Type
North Atlantic Smaller Companies Investment Trust Plc NAS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
80.00 1.95% 4,180.00 16:29:28
Open Price Low Price High Price Close Price Previous Close
4,140.00 4,140.00 4,200.00 4,180.00 4,100.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 12/7/2024 19:49 by davebowler
.... But we are at 30% ish discount to NAV.!?....hTTps://citywire.com/investment-trust-insider/news/odyssean-announces-share-placing-to-meet-investor-demand/a2446299?re=121926&refea=252901&link_id=1668064
Posted at 21/5/2024 14:30 by davebowler
Odyssean sister company announcement--

Whilst the Board and Odyssean Capital are cognisant that OIT’s shares are trading at or around NAV, both agree that the proposed Tender Offer is appropriate to fulfil the commitment made to investors in the IPO Prospectus. In the Circular detailing the Tender Offer process, the Board has reconfirmed that it intends to continue to offer further redemption opportunities in the future in every 7th year post IPO.

A matching facility will be put in place with the intention that any shares tendered be matched with buying interest to ameliorate a shrinkage of the size of OIT and provide a liquidity opportunity for those investors who wish to acquire shares at NAV. Any professional investor interested in purchasing shares in connection with the tender placing should contact Innes Urquhart at Winterflood Securities on 020 3100 0265 or via email to express their interest.
Posted at 20/5/2024 16:29 by davidosh
Christopher Mills is being interviewed at the Mello 2024 event this week in London

It is on Wednesday 22nd May 2024 and Thursday 23rd May, 9am-6pm at the Clayton Hotel & Conference Centre in Chiswick, London W4. The annual flagship in-person investor event will feature nearly 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more!
Get 50% off your ticket with code MMTADVFN50 and if you have never been before then just use the code NEW2MELLO24 and your taster ticket will be just £30





For more info:
Posted at 08/5/2024 14:51 by hedgehog 100
From the NASCIT (NAS) website:-
"North Atlantic Smaller Companies Investment Trust PLC
Investing in a portfolio of smaller companies principally based in countries bordering the North Atlantic Ocean."


The following British security company with strong US & tech exposure looks tailor made for NAS, as it straddles the Atlantic, with multi-million £/$ turnover from both Britain & North America:-

Newmark Security (NWT), current share price 90p, market cap. £8.44M.:-

"Newmark Security in 2023: A Transformed Tech & USA Success Story"



From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:-
"Five years of consecutive revenue growth:
HCM in North America: £m"
2017: £0.9M.
2018: £1.2M.
2019: £4.0M.
2020: £5.9M.
2021: £6.5M.
2022: £8.7M.




Newmark Security (NWT):-
Posted at 15/12/2023 16:45 by davebowler
hTTps://citywire.com/investment-trust-insider/news/veteran-activist-investor-chris-mills-joins-hipgnosis-songs-board/a2432689?
Posted at 05/9/2023 07:41 by steve3sandal
I’d be guessing that someone or something has been selling and NAS has been buying them back from MMs who don’t want to hold as they are not investors. Under £35 looks like the lowest price fir some time and probably nothing wrong with anything under the hood. I hold but I haven’t looked under the hood recently.
Posted at 09/6/2023 12:07 by apple53
Thanks for the extra info Pink.

First, announcement after close on 31st May makes very good sense from stock chart - up £3 in 2 days immediately. NAS should have told investors immediately. I would have bought more on the open.
However, it doesn't entirely make sense from the volume (as recorded on LSE). Close to zero on June 1st and still not much on 2nd. So maybe sellers pulled their offers and/or market makers (who are more switched on than us) immediately moved their offers.
What normally happens with larger stocks is that non-tracker short term traders buy lots, in preparation to sell to the trackers at a markup when they need to buy. Some trackers may have wiggle room in terms of a range of dates before and/or after to buy gradually.

With smaller, illiquid stocks I don't have the experience. It may be the £2-3 markup is all you're going to get, as the sellers who had their offers at £37, say, but pulled them when this news came out, will reappear, or already have done so, at £39, thanking their lucky stars. Or maybe the trackers' mandates will force them to push up the price into a sellers' strike and we'll reach £41-43.

Ordinarily, some of the froth will dissipate, but again who knows how much with such an illiquid stock. Maybe this will work as a successful discount control mechanism with the discount resetting at, say 15% or even 10%.

What I'm missing is knowledge of how much wiggle room the trackers have, datewise.
Posted at 16/9/2022 16:22 by spectoacc
I think the BoE might (/should).

Thought some comments in here very interesting:
[...] (Edit - can't link, but copy/pasted the interesting bit).


Adobe down 24% in 5 days, on top of the falls [-40% from high] quoted from May 2022, and I thought this nailed it [from May]:


"In a note to investors in February, Richard de Lisle of the value-focused VT De Lisle America fund explained why a quality company such as Adobe looked susceptible to a further re-rating, even though its fundamentals looked “fantasticR21;.

“It has grown earnings at 19% on average for a decade and no doubt will keep going forever,” he explained.

“The stock is off from $700 to $500 [now $400], so it’s all priced in, right? Nope, it’s still on 50x trailing P/E [price-to-earnings], and in the 1980s you could get a 19% grower for 20x trailing. But the 1980s is where we’ve just referenced a 7.5% inflation rate.

“Sounds like a lot more P/E multiple falling still to be done here for the next few years. Earnings of more than 19% a year is a double every four years, so in four years’ time Adobe could be at the same price but on a trailing P/E of 25x if it can keep the good times rolling on.

“Not a bad outcome, but maybe not where you want to be?”


To save you looking it up, Adobe is $297 now. Yesterday's -16% on overpaying for an acqn, but I reckon the above comments fit a lot in the US.
Posted at 21/6/2022 16:23 by peckers56
At today's AGM, a "large-holding & long-time" private investor
a) requested the NEW Chairman to initiate a more proactive policy to buybacks (i.e. rather than passively wait for a seller to ALSO actively go into the market as a buyer )
b) told Chris Mills (CEO & IM) that, when CM eventually decides to retire (now 69), there should be a tender-offer (liquidation??) at close to NAV rather than just a hand-over of the reins to his son Nick.
Posted at 16/5/2022 20:57 by topvest
Harwood seem to be sitting on their cash at the moment. I agree with Christopher Mills; better opportunities are on the way. The macro headwinds will likely break the market sometime very soon. Always pays to watch what he's doing as he's a much more successful investor than any of us!

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