North Atlantic Smaller C... Share Discussion Threads

[p1nkfish] 25/7/2024 11:40

Slowly they nibble away at the float via buybacks.
Undervalued and under appreciated.
If old trends applied this would already be 25% higher.
STRONG HOLD imho.
Dyor etc.

[p1nkfish] 23/7/2024 12:23

Looks like pressure is building for a trend towards £50/£51.
Where it belongs.

[davebowler] 19/7/2024 19:55

hTTps://citywire.com/investment-trust-insider/news/odyssean-share-issue-shows-muted-demand-for-derated-uk-small-caps/a2446681?re=122326&refea=252901&link_id=1673008

[p1nkfish] 18/7/2024 22:19

See what the end of the month brings but looking good currently.
A run towards 48 certainly not impossible if it holds these levels post July 31st.
Dyor etc.

[steve3sandal] 12/7/2024 20:28

I guess that’s what performance for actual shareholders gets you.

[davebowler] 12/7/2024 19:49

.... 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

[davebowler] 15/6/2024 13:43

...I.C... Mick Gilligan, head of managed portfolio services at Killik & Co, believes Smithson, the Global Small CompaniesTrust(GSCT)And North Atlantic Smaller Companies(NAS) (an idiosyncratic portfolio that holds a mixtureof other investment trusts,unquoted companies and conventional small-cap shares) stand out here.

[loglorry1] 27/5/2024 14:19

Thanks P1nk.

[p1nkfish] 27/5/2024 14:07

A liquidity event or two won't do any harm ready for when things do finally roll-over and Mills has dry powder ready.

[p1nkfish] 27/5/2024 14:06

Not that I know of. I look at the AR list then look at the company details for the 3%+ list of in their individual AR's.

[loglorry1] 27/5/2024 11:36

P1nkfish other than the AR is there a list of holdings and % holding sizes anywhere?

[p1nkfish] 24/5/2024 18:35

RCN may receive a bid. Harwood holds 11%.
Possible £24M+ liquidity event.

[loglorry1] 21/5/2024 22:29

Thanks p1nkfish. Yes also held for years. He knows what he's doing.

[p1nkfish] 21/5/2024 16:25

Harwood/Oryx have upped their holding in ANCR. Good to see.

[p1nkfish] 21/5/2024 16:07

ll, Mills is relatively expensive but the market knows that and in the face of it the price is now rising. You can think of it as being allowed for in the average discount to NAV - in other words there will always be a discount because of costs but the recent discount (allowing for all costs) has been excessive anyway. If it's a bother you can buy VUKE or VMID or others at a fraction but be held back by the sludge of underperformers in the index.

Mills will never be cheap.

I have known about the costs of holding NAS for years but still hold some and monitor it for ideas too.

He tends to handle cycles pretty well if you hold for long enough.

[loglorry1] 21/5/2024 14:48

Had a better look at these and it looks like Mills is taking about £10m in fees out of the fund including management fees and his directors pay. I should have spotted that earlier as it seems like a lot. Am I wrong or is this about right?

[davebowler] 21/5/2024 14:30

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.

[davidosh] 20/5/2024 16:29

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:

[smithie6] 20/5/2024 13:51

Arthur_Lame_Stocks

Does C.Mills take much of a cut from profits ?

high or low salary ?

[p1nkfish] 16/5/2024 08:16

Monthly close > £41.10 and this could run towards £50 with approx 20% upside and possibly in 6 months for a cagr of 40%. Those of us buying towards £36 are doing ok anyway.

Dyor, I'm often wrong.

[p1nkfish] 10/5/2024 17:00

If not mistaken it has ended with the highest weekly close since Feb 2022. Granted the weekly volume has been pretty low, but interesting non-the-less. Very interesting if it finishes the month over 4105p.

[arthur_lame_stocks] 10/5/2024 15:39

I had a small investment in these, made recently but sold today for a quick 10%. Have you seen how much Chris Mills creams off? I like a lot of his investments but so what.

[p1nkfish] 10/5/2024 08:04

Talk about investing in family/founder owned and run businesses. Crest Foods is an example. The Meinera family. A new investment for NAS and the family must love that place.

[p1nkfish] 10/5/2024 07:52

Probably not proof read before release, Chairman's statement has repetition. A bit sloppy. It matters, more care needed.