North Atlantic Smaller C... Share Discussion Threads

[p1nkfish] 07/5/2025 07:43

Reads that Mills is preparing to use some of the cash reserves.
Time to put glasses on.

"........I believe now is the right time to start to deploy our liquidity into companies where we either understand the financial impact of a potential global trade war or where there is little or no impact."

[p1nkfish] 07/5/2025 07:39

Wonder if the 10 for 1 will temporarily increase volatility before settling down?

[p1nkfish] 07/5/2025 07:38

10 for 1 sub-division. Have held for years and will continue to do so but this move with both allow others to join and some to leave without excess volatility as liquidity increases.
382K shares bought back over past 2 years.
Chairman statement hits nail on the head for UK.
No final dividend.

[loglorry1] 06/5/2025 13:35

Thanks for the explanation JN. I think Mills owns 1/3rd of NAS and some of Rockwood. Rockwood is a very focused fund with a very good recent track record (AGFX aside) which has been able to raise new capital above NAV which is pretty unheard of these days.

[loglorry1] 06/5/2025 11:20

Did NAS have AGFX exposure or was that just in Rockwood. I'm a little worried that Mills gets to choose where he books his trades and might be dumping bad trades in NAS to window dress Rockwood.

[mrjonesthedj] 06/5/2025 10:55

By my calcs ADF is a 0.028% indirect holding for NAS via their 12% holding of Oryx. Really of no interest to me in how I look at the NASCIT performance. Harwood no2 holding? Please explain. Do you mean the PE investments?Rockwood is managed separately and Mills has no involvement of how the fund is run. NAS doesn't own Rockwood shares and nor does Oryx. So yes, I know exactly what I own.

[davidosh] 05/5/2025 23:41

Just to let shareholders and prospective investors know that Christopher Mills of NAS and also Rockwood will be appearing at Mello 2025 on 3rd and 4th June


If you are not familiar with MELLO, we have created a two-day investor conference that will include top quality keynote speakers including Ben Rogoff (Polar Capital Technology Trust), Georgina Brittain (JP Morgan AM), Christopher Mills (Harwood Capital Management) and Lord John Lee (leading UK Private Investor).

The conference will feature panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts like Paul Scott. There will be over 40 exhibiting & presenting companies including Rockwood Strategic, JP Morgan AM, Nippon Active Value Fund, TPFG, Skilcast, Restore, Smiths News, Mortgage Advice Bureau, Personal Group, & many more...

Get 50% off your ticket with code MMTADVFN50. Tickets are available at:

[p1nkfish] 05/5/2025 22:42

Do you know what you own? Don't have time to post it all but see links below as couple of examples of Mills control.

Oryx was #1 NASCIT holding. At one pint about 17%.
Harwood is #2.
Mills distracted by his Rockwood involvement.

Look down these as examples.

[mrjonesthedj] 05/5/2025 22:10

Checked. Argentex owned by Rockwood & ADF owned by both Oryx & Rockwood. You should post on their threads instead of NASCIT

[p1nkfish] 05/5/2025 21:34

Check the AIM26 for both.

[mrjonesthedj] 05/5/2025 18:42

Probably 0.01% of the NAV 😄

[c3479z1] 05/5/2025 18:25

very indirect stake in ADF through their holding in Oryx? or has the adf holding been sold?

[mrjonesthedj] 05/5/2025 18:15

NASCIT doesn’t own Argentex or ADF

[p1nkfish] 05/5/2025 16:41

ADF may be impacted by 100% film tariffs.

[p1nkfish] 23/4/2025 07:28

Argentex issues and Harwood increased holdings just before. Granted they don't have insider knowledge but does look like a ball dropped. Someone is not focussed enough, too much to handle or not doing sufficient DD.

[kohsamui] 22/4/2025 11:09

A lot of people don’t want to move abroad - can’t see him in Dubai ! a tender offer at a 2% discount for portfolio illiquidity would probably make a lot of investors happy but doesn’t seem on the cards and no one can push for it. Hopefully he lives a lot longer- seems very mentally active! I think he can cope with everything on his plate - a lot of other investment managers time is spent pacifying discount unhappy investors.

[p1nkfish] 15/4/2025 16:54

?

Doubt IHT comes into it, Mills could take his money abroad.

Might be he has too much on his plate with Directorships here there and everywhere and is neglecting NAS. When he retires or dies we get to see what the end game is. Can't be too much longer.

[kohsamui] 15/4/2025 16:20

It seems a little hypocritical attacking the alternative sector which is more highly rated than NAS … would have thought someone with a conscience would be looking at narrowing discounts on their own funds, but their controlling interest means only they can do this and they probably want to keep the trusts on a wide discount for inheritance tax purposes!

[p1nkfish] 04/3/2025 15:00

It's a tester of ones patience.

[pvb] 04/3/2025 10:58

Is this a 'hedge'? It seems to be moving against the market? :-)

[p1nkfish] 27/2/2025 08:52

Upped the interim divi per share.
88p vs 68.5p last interim.
Cost about £11.63M.

[p1nkfish] 25/2/2025 00:06

Quite a long period of pretty poor performance.
Is it worth being listed?

[p1nkfish] 21/2/2025 07:11

Managing Achilles too.