North Atlantic Smaller C... Share Discussion Threads

[topvest] 12/5/2018 07:25

Yes, I do agree. Top man. I keep being tempted to top-up here. I own Oryx as well, but this is better value in my view. Fantastic record over the long term and not that far off Buffett. Chis Mills doesn't get enough recognition for being a truly great value / activist investor. I do follow his investments, but most are a little bit deep value / distressed for me to invest directly so I prefer to hold through his trusts instead. Just need to buy some more of them!

By the way, I think the lack of yield puts many investors off, unlike Berkshire Hathaway. To be honest, I think they should have a 1% dividend yield policy and that would assist the share price. Having said that Chris Mills can normally make a better return than the dividend invested elsewhere, so its the correct way to allocate capital.

[p1nkfish] 11/5/2018 23:28

Good holdings in a basket with a solid bottom. Well worth having a few and keeping an eye on Mills activities.

[p1nkfish] 11/5/2018 23:27

Good holdings in a basket with a solid bottom. Well worth having a few and keeping an eye on Mills activities.

[p1nkfish] 11/5/2018 23:27

Good holdings in a basket with a solid bottom. Well worth having a few and keeping an eye on Mills activities.

[rambutan2] 11/5/2018 21:14

A good set of finals, especially considering the amount of liquidity held and it being in US$.

[topvest] 05/5/2018 21:11

Happy to hold whilst Christopher Mills is in charge. A very smart cookey!

[robsy2] 04/5/2018 16:40

Nice looking trust. I've bought some today.Much to like.
I like the discount , mix of assets , huge stake that the directors have,the cautious stance,great track record etc etc.
R2

[noirua] 13/9/2017 11:25

Over very many years NAS has been a steadily growing Investment. Keep meaning to sell some but overall I've deemed it best to hold on in the end.

[topvest] 02/6/2017 20:28

Annual Results were a tad disappointing. Losing £13.5m on Team Rock Limited which has gone into administration was a fairly big mistake. I hadn't realised that they had been pumping so much into a loss making internet business. Its a bit out of their expertise as value investors. Hopefully they have learnt their lesson!

[strathroyal] 19/4/2017 12:37

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.

[p1nkfish] 18/4/2017 00:05

Where will the breakout take it, any predictions?

[p1nkfish] 17/4/2017 16:22

SBS too - Source Bioscience.

Trident III fund too did well out of CRX sales to a German group as holder of convertibles.

[rambutan2] 15/4/2017 03:21

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.

[strathroyal] 14/4/2017 10:22

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.

[rambutan2] 14/4/2017 03:48

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!

[rambutan2] 14/4/2017 03:21

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.

[timtom2] 13/11/2016 10:47

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.

[timtom2] 10/10/2016 17:20

Might be a break out on low volume.

[brugen] 28/6/2016 21:38

Thanks,topvest. After today everything should be hunky dory. Or not :-)

[topvest] 28/6/2016 20:50

Probably hit by their large stake in a house builder as well. No doubt Gleeson is well down.

[brugen] 28/6/2016 14:01

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

[topvest] 27/6/2016 20:48

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.

[brugen] 27/6/2016 17:51

Anyone know the reason for today's 10%drop?

[topvest] 13/7/2015 20:32

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.

[rambutan2] 13/7/2015 14:04

Oryx results out...