Trade Now

Capital at risk Advertisement
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 Shares Traded Last Trade
  -40.00 -1.03% 3,840.00 3,657 16:35:23
Bid Price Offer Price High Price Low Price Open Price
3,800.00 3,880.00 3,870.00 3,810.00 3,810.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 7.89 0.55 3.76 1,021.3 554
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:13 AT 84 3,810.00 GBX

North Atlantic Smaller C... (NAS) Latest News

More North Atlantic Smaller C... News
North Atlantic Smaller C... Investors    North Atlantic Smaller C... Takeover Rumours
Smart Money!
NAS is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 CAPITAL GEARING TRUST P.L.C. 1.32% 2022-06-30

North Atlantic Smaller C... (NAS) Discussions and Chat

North Atlantic Smaller C... Forums and Chat

Date Time Title Posts
11/8/202211:08North Atlantic Smaller Companies IT392
04/1/201020:23Nasdaq Swing Traders34
17/1/200820:57Nasdaq charts etc7
02/11/200606:491420 Broken on NAS - Tech recovery???2
25/5/200610:33Was this the bottom, it's flying now3

Add a New Thread

North Atlantic Smaller C... (NAS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-08-12 15:20:133,810.00843,200.40AT
2022-08-12 15:15:133,848.642077,966.69O
2022-08-12 15:13:183,848.61772,963.43O
2022-08-12 15:04:363,870.00277.40O
2022-08-12 15:04:363,870.00138.70AT
View all North Atlantic Smaller C... trades in real-time

North Atlantic Smaller C... (NAS) Top Chat Posts

North Atlantic Smaller C... Daily Update: North Atlantic Smaller Companies Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker NAS. The last closing price for North Atlantic Smaller C... was 3,880p.
North Atlantic Smaller Companies Investment Trust Plc has a 4 week average price of 3,510p and a 12 week average price of 3,510p.
The 1 year high share price is 5,120p while the 1 year low share price is currently 3,510p.
There are currently 14,425,620 shares in issue and the average daily traded volume is 8,266 shares. The market capitalisation of North Atlantic Smaller Companies Investment Trust Plc is £553,943,808.
steve3sandal: * Resolution 14 was put to the Meeting as a resolution of the independent shareholders of the Company. As a result, 9,455,336 of the ordinary shares in issue were eligible to vote on this resolution, these shares not being held by the Concert Party (as defined in the Notice). The waiver of Rule 9 granted by Resolution 14 permits the Concert Party's interest in the Company's shares to increase from 30.78% to a maximum of 34.21% (in each case representing 4,205,664 ordinary shares) as a result of the share buyback authorised by Resolution 12 without requiring the Concert Party to make a mandatory offer for the other shareholders' shares. The results of the poll vote on this Resolution 14 were 2,502,293 votes for, 1,132,052 against, 3,729,299 abstentions, therefore with 68.85% in favour of the resolution.
strathroyal: I've followed both NAS and OIG for a number of years and they have generally been profitable investments. CM has involved himself and NAS in a number of sectors over the years but the heavy move into bios, starting with taking SBI private and then having large stakes in EKF and RENX, has affected performance over the last 12 months. Having said that his comments in the annual report and the present discount (surely over 30%, not 20% as mentioned above) suggest it's time to get back in.
spectoacc: Some amusing headlines from last night's after-close NAS RNS, including: "NAS FY return minus 50%". Clearly only the computer still at work at 17.47.
loglorry1: @m_kerr I'm not sure the discount is any bigger than before. Febuary wasn't a great month for NAS companies so I expect NAV is a lower again. Over the longer term though you gotta believe that Mills knows what he's doing or if you don't sell up and move on. His track record certainly shows he does and he has been quite bearish before the sell off when others were pilling into all sorts of rubbish.
rambutan2: topvest, the esteemed Peter Spiller of CGT, who is certainly not a fan of high fees, has held NAS for decades. He says it's a way of accessing private equity and associated skills on the cheap...
apple53: first sorry for the duplicate post everyone loglorry - quite a few different points over the 2 posts. Though the latter one was primarily to update on the NAV, and ask if Spartacus has an uptodate guesstimate. Yes the FTSE small cap fell almost as much in November. And ex Renalytix NAS outperformed. At first sight it's quite hard to square Mills' immense bullishness on a lot of his holdings with his cautious view and holding lots of cash. However, I think I can broadly defend a consistency - most of the names he mentioned on the recent call are small or very small and there is a limit to how much cash NAS can be deploy in them. If asked, he would probably say it is harder to find value among the mid-cap names that would tend to be larger holdings. And of course he is making a general remark about the UK market (and beyond) as a whole.
p1nkfish: Posted the below on Fulcrum pbb. Harwood not covered themselves in glory on that one so far. "Just some thoughts. A) obviously an attempt at buy and build in MAP and any buy and build is always risky. B) debt risk as they mention increasing it, *optimised", or something along those lines. See C). C) might optimised debt on cash generative assets be via a CLN (convertible loan notes) and big holders might love that. Revolving credit facility via bank, investment debt via CLN arrangement, "optimised". Optimised for whom? Debt holders get preferential treatment on any liquidation risk. Bayford & Harwood offering debt would give them income, some protection and equity upside over time - could take quite a while? Very optimised especially as rates are so low currently and there is cash waiting to be allocated. Tax on profit due to rise to 25% April 2023 onwards. Debt offered by large equity owners squares more than one circle. "optimised". D) for now share price appreciation might not be the main target of the large holders - interest income via offering debt might be. Think about that, especially if pis are locked out of offering debt. I don't think Bayford & Harwood are necessarily playing the same game with the same goal as ordinary pis. They have incentives that could be outside of near time equity value increases via share price. E) The other point is what about post, about, January 12th. The new shares hit the market and any upside will be limited as pis look to take some cash out on any increase. F) In fact upside might be limited until both the acquisitions are clarified (uncertainty) and the debt level and type made clear. Both are big unknowns. Just thoughts, dyor etc. Imho. Convertible loan notes make sense for the large holders and Harwood are clever. Whatever happens, debt is due to increase according to the rns release and I don't see why the bank should benefit."
apple53: Interesting comments. I was very close to top-slicing a large position, then the buybacks restarted. Really bad luck that renalytix' price collapsed, and the discount has barely moved despite the falling NAS price, so neither buying nor selling at present. Strath- any idea how big frcm and eskn were? Surely nothing to rival renx? (I have been tempted to buy it separately so would have loved some commentary. Up 14% in 5 days....) I think it is great he does these interviews. His portfolio knowledge gives me great confidence. I am more convinced that he will perform than classic small-mid cap managers chasing games workshop after it went up 10 fold. I could buy one or two directly. He enjoys it but it is indeed a bit altruistic. It might move the price of some of the stocks, especially if it builds a bigger following. He has been in this game a long time so his relative certainty about EBITDA multiples surprises me (eg on a restaurant business). Such multiples are not set in stone- big pharma used to trade on 20x PEs and that pretty much halved in a decade. Mediterranean retail banks for 15x and that went to 10 even before the financial crisis, etc. Nonetheless I think there is enough upside in most cases even if you cut the multiple targets by 2 points. I also note his confidence that several of the names will be taken private. This is the flip side of my caution that too much PE money is chasing too few targets. Also that he stripped out the cost of being listed for at least one name to get an underlying profitability.
p1nkfish: He does make it clear next year probably won't have as easy pickings. The share price currently agrees and any limit on the buyback won't help support the price. The issue with these types of interviews is the manager talking their own book and although all the stocks mentioned have merits, again, it looks like easy pickings have been taken. 2022 won't be a repeat of 2021. Granted the companies mentioned look solid with growth but I'm of the opinion there could be a better time to enter some in the next 3-9 months. Currently they have seasonality and exuberance on side. It's interesting NAS are sitting on so much cash after the AUG event. Do they think there could be a better time ahead to allocate - at lower prices? I hold NAS, have sold none since building a holding a few years back, and look forward to £50+. I just don't see 2022 being as easy as the past March 2020 period we have just been through. Looked at the TA on all the companies mentioned.
p1nkfish: Sorry for all the posts but my thinking is NAS has a gearing effect on major set backs for the market. 1) NAS gets hit by downturn as do others. 2) Mills allocates capital in value due to sell-off. 3) NAS price recovers to trend AND 4) NAS sees a gearing effect as its newly acquired cheap investments also recover. Look at step response and trend rate change post March 2020. Imho etc.
North Atlantic Smaller C... share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
North Atla..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220813 14:44:00