North Atlantic Smaller Cos Share Chat (NAS)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
North Atlantic Smaller Cos Inv Trust	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
	+5.00p	+0.18%	2,855.00p	2,840.00p	2,870.00p	-	-	-	7,622	16:35:04

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Equity Investment Instruments	10.1	5.1	35.6	80.2	411.85

North Atlantic Smaller Cos Share Discussion Threads

Showing 126 to 149 of 150 messages

Chat Pages: 6 5 4 3 2 1

Date	Subject	Author	Discuss
08/1/2019 08:47	..... I forgot ....and we will start getting dividends as well . This might help the share price R2	robsy2	Read Full Thread Reply
08/1/2019 08:39	Morning All I am also in full agreement, though I didn't get round to buying some more until this morning.... It's discount on discount. A near 25% discount on the stocks held is silly but when you consider that he holds a positon in a trust that also trades at a discount, it gets cheaper still. Then there are the T-Bills which we buy at a 25% discount as well. Even the decision to buy T-Bills was smart given the strength of the USD. And he has a brilliant track record to date , including going to cash during 2018. This should be trading at a premium not a 25% discount. Best R2	robsy2	Read Full Thread Reply
22/12/2018 22:08	Couldn't agree more.	p1nkfish	Read Full Thread Reply
22/12/2018 19:42	Shares now back around £26 and NAV a week ago £36. Large holding of cash instruments at a discount. Time to buy myself a Christmas present I think.	steve3sandal	Read Full Thread Reply
15/9/2018 21:55	He also will have an increasing research advantage as the big boys focus less and less on the sector. Says it all ........ "The latest financial directives agreed by Brussels and Westminster will have a significant impact on the type of company in which the Trust invests in that it is likely to reduce both coverage and liquidity in smaller capital companies. Already one major investor is eliminating all exposure to companies with a market capitalisation of less than £100m. I believe this will create considerable opportunities over the next few years which the Trust is well placed to exploit given our substantial cash resources."	p1nkfish	Read Full Thread Reply
15/9/2018 20:05	Oh yes, well spotted. Given their ability to compound your money at 13-14% I'm happy for them to keep hold of it. Takes a while to appreciate it, but we are really better off by not having much of a dividend. Good point on the discount. He has one of the best investing records over 30 years in the UK. That should merit a premium rating, but never has and probably never will as publicity is kept low. I'm looking to buy lots more here when we have the next recession. Small company trusts always get hammered in a sell-off, but next time that happens here I will load up as its pretty much a guaranteed successful long-term investment. He will also have lots of liquidity to deploy at low prices as and when the opportunity arises.	topvest	Read Full Thread Reply
15/9/2018 19:38	topvest, shock news! It's been a long wait, but it looks as though some yield is coming down the tracks... Income for the period amounted to a profit of GBP2,389,000 (31 July 2017: GBP2,592,000). Consistent with past policy, the Directors do not propose to pay a dividend (31 July 2017: nil). However, it is probable that a final dividend in respect of the current year will be paid as all brought forward losses against the revenue account will have been utilised. NAS remains a long term favourite of mine, and always available at a too big discount.	rambutan2	Read Full Thread Reply
14/9/2018 17:56	Yes, interesting to see that they are taking shares in The Multifamily Housing REIT, which has Harwood Real Estate Asset Management Limited as the adviser. Think I will avoid this new issue though. From a bit of analysis: Seed portfolio 57 flats in Leeds being acquired for £6.15m. NASCIT getting shares. Harwood Leeds Property had 57 flats in Leeds which cost £3.6m which was also the valuation at 31 Jan 2018 in the NASCIT accounts. Pretty obvious who is getting the better deal! I will definitely be doubling up on NASCIT when a good opportunity arises. There may be no yield, but its a great trust.	topvest	Read Full Thread Reply
15/8/2018 21:18	He has just been made a NED in GVP - Gabelli Value Plus. They need him if their performance to date is anything to go by.	p1nkfish	Read Full Thread Reply
22/7/2018 02:03	Mills ‘had no money to invest’ when he became manager of North Atlantic Smaller Companies (NAS) in 1982, aged 30. He started buying shares in the trust in 1984, when he became its chief executive, and today owns £162 million of it. ‘That’s my money, and I’m very careful with it,’ he says. ‘We don’t do jollies. We invest when we’re as sure as we can be that we’re not doing anything stupid.’ httPs://www.moneyobserver.com/how-to-find-bargains-among-smaller-company-focused-trusts	rambutan2	Read Full Thread Reply
29/6/2018 10:41	New Dir looks useful from a background perspective.	p1nkfish	Read Full Thread Reply
11/6/2018 10:42	That's another excellent NAV update from the company, wonder where the jump came from as I can't see that any of the listed investments have taken off in May.	strathroyal	Read Full Thread Reply
25/5/2018 11:22	Yes, you are probably right. As an activist and opportunistic value manager he has probably upset a few people along the way. His takeovers of Indoor Bowling and Jaguar Holdings are prime examples of him opportunistically taking a company private, after taking big positions and minority shareholders often lose out. The trick is to be in his funds so you get the upside. That said 100 NAV and 35 NAV/share is some achievement. He keeps a low profile, probably for a reason. Ultimately, he must be one of the best investors in the UK though over 30 years! Simon Knott is pretty good at Rights and Issues Investment Trust and similarly overlooked. They both make Neil Woodford look rubbish! Some Managers are all hot air and no performance record. These two are no hot air and lots of performance!	topvest	Read Full Thread Reply
24/5/2018 20:31	A few decades ago I'm sure I remember NAS being on a premium and Mr Mills feted as a star manager. However, over the years I think he has ruffled a lot of City feathers and is looked upon a bit warily. Also the trust is not easily pigeon holed into a sector. Mr Mills has too large a stake for institutional investors comfort. And he doesn't really publicise NAS and isn't too bothered about the discount. But therein lies the opportunity...	rambutan2	Read Full Thread Reply
24/5/2018 19:23	NAV up 100 fold in 35 years is very good. I'm surprised he doesn't get more investment following really as its a tremendous record. I will be buying more at some point.	topvest	Read Full Thread Reply
24/5/2018 19:06	I bought some shares today just in case!Anyway fellow investors have a look at AEG I personally think that it will multibag.Good luck here!	costax1654x	Read Full Thread Reply
24/5/2018 18:36	Here's the annual report in full: htTP://www.harwoodcapital.co.uk/files/file/download/id/588 The front cover always features a classic Royal Navy action. Here's the lowdown on this year's painting: hTtp://collections.rmg.co.uk/collections/objects/11840.html Hopefully Mr Mills will bag us plenty of pieces of eight over the coming year!	rambutan2	Read Full Thread Reply
15/5/2018 14:46	And on that theme, Sportech and Lakeside both up today on good rns.	rambutan2	Read Full Thread Reply
15/5/2018 14:01	Great comment from Mills about changes he can exploit - some fund(s) not looking at market caps < £100m and likely to throw up under researched small cap value opportunities. He's spot on. NAS has the capital to deploy, just needs the value in the market to arrive.	p1nkfish	Read Full Thread Reply
13/5/2018 10:15	Yes, have held a few he was in or joined. CRX, RBS and a fair few others. Now tend to look to NAS as a basket to de-risk. Lower return but fits my need.	p1nkfish	Read Full Thread Reply
12/5/2018 06:25	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.	topvest	Read Full Thread Reply
11/5/2018 22:28	Good holdings in a basket with a solid bottom. Well worth having a few and keeping an eye on Mills activities.	p1nkfish	Read Full Thread Reply
11/5/2018 22:27	Good holdings in a basket with a solid bottom. Well worth having a few and keeping an eye on Mills activities.	p1nkfish	Read Full Thread Reply
11/5/2018 22:27	Good holdings in a basket with a solid bottom. Well worth having a few and keeping an eye on Mills activities.	p1nkfish	Read Full Thread Reply

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