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Share Name Share Symbol Market Type Share ISIN Share Description
North Atlantic Smaller Companies Investment Trust Plc LSE:NAS London Ordinary Share GB0006439003 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -40.00 -0.88% 4,510.00 4,500.00 4,540.00 4,510.00 4,510.00 4,510.00 1,419 09:43:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 7.9 0.5 3.8 1,199.5 651

North Atlantic Smaller C... Share Discussion Threads

Showing 276 to 300 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
16/12/2020
15:10
Cracking VoxMarkets podcast, Spartacus.
davebowler
04/12/2020
14:40
Nice bounce towards £34 - looks like the news is out about the Telos IPO. Also some shares bought back today at £33.75. Mills typically has a good view of what his own shares are worth - so notable that this is the highest price he has yet paid for a buy back. Shares seemed to have been sourced from Capital Gearing who remain big holders. An optimistic scenario says the next NAV could be close to £50 and assuming a Brexit deal a 20% discount seems appropriate for well run but illiquid UK small cap portfolio with high fees. So giving a target over the next month or two of £40 or so
spartacus mills
27/11/2020
17:08
Worth a listen to this podcast in which Chris Mills gives a decent tour of the current NAS and OIG portfolio. hxxps://www.voxmarkets.co.uk/media/5fb3dd97bc74c922485f4f5b/?context=/series/daily-podcast/ Intriguingly at 39:45 he mentions a US cyber security company which NAS has a stake in which is due to go public. He sees an uplift from £3m to £24m in the value of the stake! Looking the most recent Annual report this looks like Telos which lo-and-behold has gone public and popped 20% on it’s opening day Nov 18th Suggests a tasty 3%+ uplift to the next NAV announcement!
spartacus mills
13/11/2020
17:03
Nice move up.
chinahere
12/11/2020
09:25
re Tribal -hTTps://masterinvestor.co.uk/equities/tribal-group-pay-attention-at-the-back-there/?mc_cid=0872dab42c&mc_eid=31ad53697c
davebowler
28/10/2020
19:03
Small caps due to outperform imho.
p1nkfish
28/10/2020
17:13
For the record I have sold out here.A combination of reasons but mostly because performance recently has not been great.... Cue improvement in performance! Good luck all
robsy2
28/10/2020
14:35
"Ideally" indeed ;) The closing of the OIG discount is curious, compared to NAS's.
spectoacc
28/10/2020
11:42
I was in SBS when they took it private. Holding here, I just ignore it and leave it alone. Ideally would have traded out at high 30's but it will come back strong over time.
p1nkfish
27/10/2020
22:27
would have thought their stake in interactive investor's holding company might also come good/ be floated in the next year or two.
mw8156
27/10/2020
21:41
Lists on thurs, with NAS holding a good chunk: hTtps://sourcebiointernational.com/aim-rule-26/ https://investegate.co.uk/sourcebio-intl-plc/rns/placing-and-proposed-admission-to-trading-on-aim/202010270700092589D/
rambutan2
27/10/2020
20:58
Thanks - just listening. 32p to £45 is quite a good record.
topvest
27/10/2020
20:30
Just found this, a very rare opp to listen to the legend: htTps://www.voxmarkets.co.uk/articles/christopher-mills-the-uk-s-best-performing-small-cap-fund-manager-on-5-stocks-he-likes-434024b/
rambutan2
27/10/2020
20:06
The performance is very good. NAS has nearly tripled in a decade and Oryx has done even better. NAV performance is a c10-12% per annum compounder. I'm not greedy and invest in things that have a strong chance of doing 10%+ a year which is my minimum hurdle. I'm not really interested in things that can't make 10% per annum long term. I've always felt that NAS is better / certainly safer than Oryx. Oryx has out-performed of late as is more fully invested whereas NAS is more prudently positioned for the nightmare economic scenario we are now facing. It does mean that NAS has significant firepower when the value is there for some good deals. NAS also owns a significant % of Oryx. Odyssean are also part owned by NAS and if the manager doesn't perform to his high expectations, I expect Christopher Mills to muscle in on this one as well at an opportune time! From a few years ago: "Christopher became the Investment Manager for what was then Montagu Boston in 1982 and he became our Chief Executive in 1984. Since then the net asset value is up over one hundred times." Obviously when / if Christopher Mills retires then the investment trust may get liquidated and then the discount would likely go as well, but would lead to some short-term uncertainty no doubt. There is some risk on this front I guess!
topvest
27/10/2020
14:33
I bought this along with Oryx International last October, but decided to dump it based on performance while looking to rebuild some cash reserves. I thought it might be more defensive due to the t-bills but it didn't really turn out that way, plus I think I'd rather have the cash in my pocket than someone else's. My Oryx holding (with a little trading) is up about 40% while this was slightly negative over the same period. Edinburgh Worldwide and Herald have also given it a pasting, both coming from the same IT Global Smaller Companies category. I'm sure it'll get back on track eventually, but it was difficult in my mind to justify owning over the other 3 previously mentioned trusts.
psync
27/10/2020
13:23
Where's your return tho - barely budged over 3 yrs (or the 3 discreet years pre-Covid), & 1% divi. Significant key man risk, & too much in OIG & T-Bills. Just looking at the bear case - agree it's a great IT, but not sure a 30% discount isn't about right. 1.2% ongoing charge (HL), & the Top 10 not difficult to replicate (tho the one I'm looking at no doubt out of date).
spectoacc
27/10/2020
12:03
Given the fantastic long-term performance record, this trust doesn't appear to get the credit and appreciation that it deserves.
topvest
27/10/2020
10:41
I've doubled up my holding recently. They seem to be in a sweet spot on some of their healthcare holdings. I notice that Source Bioscience listed on AIM today. Looks like their 29% holding is worth £30m and they raised some cash from shareholder loans so a very useful return indeed. Chris Mills is always the opportunist!
topvest
07/10/2020
12:29
They had £44m of treasuries at interim mark. Spent £392K yesterday so if they spent them all they could in theory keep this up for 100 days at current prices. I doubt they'd spend that much but volume is not much more than 14,000 shares a day so it would probably help a lot to close the discount to NAV. They are floating off some of their biotech investments too so that should help NAV a fair bit.
loglorry1
07/10/2020
11:35
They must have heard you SpectoAcc! Buying their own shares at last.
chinahere
17/9/2020
08:21
Just very cautious. I think there's better than 50/50 chance of revisting the lows over the next year and cash will come in handy even if eroded by 4-5% real inflation in the meantime. Interested to see Mills moves from this point on.
p1nkfish
17/9/2020
07:04
They've had those US Treasuries forever - slightly fewer than before, but still. If they don't spend the money now, when will they? (Surely there's a case for buybacks at a c.30% discount to NAV, rather than earning "..Almost nothing.." on T Bills?).
spectoacc
17/9/2020
06:20
No way to know, a very cryptic mention and a bit of a tease. I think NAS is raising whatever cash it can via taking advantage now ready for something. Perhaps an anticipated big turn down or changes to landscape post Brexit. Some bargains will be thrown up.
p1nkfish
16/9/2020
21:59
the other possibility to list mentioned - is that likely to be the holding company for interactive investor?
mw8156
16/9/2020
21:38
yes, excellent news. Definitely the right time to list the healthcare companies. Opportunistic as ever!
topvest
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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