Northacre Share Discussion Threads

[tara7] 18/1/2013 13:37

David77, Yes you have done very, very well.

I think you were one of the few at the AGM each year.

All the very best.

[david77] 18/1/2013 13:33

I made a good profit when NTA hit the high last time and I'll make another substantial profit now. Yes, I am disappointed that we are not getting 130 - 140p, but let's be honest, what have I really done to justify the total profit I will be making - equal to six year's salary before I retired 20 years ago.

Thanks Tara

[davidosh] 18/1/2013 13:24

In 2007 pre financial crisis NTA reached 82p and no doubt shareholders felt that with the assets they had the share price would ultimately go higher.

Is 96p today at just 2% return per year and no dividend a fair return for long term shareholders ? If the Lancasters was really worth a hundred million plus to shareholders what percentage of the profit has actually found its way to them ? When will you all see the final Lancasters profitability that you have waited five years for ??

[brando69] 18/1/2013 13:18

well i shan't be lining the MMs pockets in addition to NTAs

I'll hold on for the 96 of course

[fireplace22] 18/1/2013 13:16

Meow. He got 96p for his shares yesterday we only get 93p if we sell today. More inequality.

[troutisout] 18/1/2013 13:04

tara there is no doubt you picked a winner here, but you did overegg it so don't be so innocent, you don't care though you have made a small fortune here.

If you are Sutterton Label Printers, when did you sell your last lot, you obviously have under 1% now so did you get top dollar for them or did you also hold on after the foray into the £1.40s?

[tara7] 18/1/2013 13:00

Brando69, thankyou.

[fireplace22] 18/1/2013 13:00

tara how can we get another bid they already had 48.4% before trading today, that's almost certainly over 50% now. KN has sold his shares not just conditionally agreed to the offer as you'd expect if another bid were to be expected. Fait acomplis.

[brando69] 18/1/2013 12:59

fireplace - true

i sold a few at 114, and felt i'd sold too low. apparently not...


the fact that we didn't exit at 140 two years ago is down to our own greed, not that of the directors, at the end of the day

[tara7] 18/1/2013 12:58

Fireplace22, Thankyou.

[fireplace22] 18/1/2013 12:46

I think many on here (like myself) are peeved at not selling close the the peak despite having made, for me at least, a small forthune.
Only on paper though as yet.

[tara7] 18/1/2013 12:42

The board has infact turned £600,000 into £23M.!!

Most shareholders have had a very, very good ride, I accept the end is not what I or others were lookig for.

May still see a higher price.

[brando69] 18/1/2013 12:35

tara, slightly disingenuous argument: part of recommending a share as a good investment, implies that the board can be trusted to vouchsafe s/holder interests.

just think you need to be careful how you use your influence on these boards.

[fireplace22] 18/1/2013 12:27

tara I think you can dismiss the offer of 105p as loan notes as being cynical, I think there are few s'holders that would trust this lot with their cash for 12 months.

[tara7] 18/1/2013 12:24

Brando69 yes, and the bid PROVES the value is their.

The fact shareholders are not getting it is not down to me.!!!

[brando69] 18/1/2013 12:20

Tara, you were still giving NTA a right old ramp when it was above £1... so you do need to qualify your 'genius'... as fantastic a play as it was from the lowly levels that you first started plugging it at.

[tara7] 18/1/2013 12:17

NTA bid [inc loan note] = a 55 bagger from my first postings.

My free research [never had any from a broker or the city] pointed to profits of £60M - £100 from THE Lancasters a full 5 or 6 years ago.

Hundreds of investors have done very, very well indeed.

Pre tax profits from The Lancasters has in the event come in at £65M.

The company is worth far more than £1.05p

THAT IS THE REASON THE BIDDER HAS BID.

I have been right in my valuation of the company, infact, just about every investor here today agrees.

One might also want to note the fact that any investor who bought at the very top,[and did not run a stop loss] whould have lost around a max of 35p or 25% of their investment.

We may also yet see a higher offer.

[troutisout] 18/1/2013 11:35

poacher,

I think the mentality of over-expectation has everything to do with Tara, from the £100m profit figures in the headers to the very balatant rampfest here and elsewhere, those expectations did rub off on others and some still believed they were right. However as you say the company was not as good as that and some of those figures just took the positives and factored in no negatives (do you remember tara finally accepting that tax payments on the profits had been omitted from the figures), the insistence that selling prices had doubled but build costs were going to be as originally budgeted.
So people were wearing rose tinted glasses and also blinkers from the management's exploits, the combination of the two being an upset, however the share price was very much lower when tara (torabora) started to tout NTA and so a lot of people will still see a profit, but probably a much reduced one as they may have continued topping up when the price rose above £1. It is up from the 60p level it was at throughout most of the middle of last year. Take the money and the lessons, you know there will be more NTA's come our way and sometimes we still succumb.

All the best

Trout.

[noddy31] 18/1/2013 11:22

Anyone know what timescale for our share sale at 96p?

[noddy31] 18/1/2013 11:21

Clearly people are heading for the exit.

Don't blame them.

Then we look down at other countries who have dubious financial systems.

Loan protection Mis-selling, LIBOR Rigging, Market manipulation and now NTA Scam.

[davidosh] 18/1/2013 10:46

Why not arrange a meeting in London for shareholders to attend and fully discuss all your options and concerns? You could even request the two non execs to join you and provide some answers? The offer is clearly well below what many of you were expecting and at an opportune time before completion of the Lancasters so only reasonable that you have questions that you want directly answered by directors, I think. A group meeting therefore with key directors would be useful too.
I very much doubt any of them want to speak in public though !

[brando69] 18/1/2013 10:07

trout

you're probably right - the lack of transparency with NTA has been a factor of concern for some time.

i'll exit with a decent profit due to buying in early and low, but i feel for those who are being made to take a loss on this...

and being mistreated leaves a bad taste whether you have a profit or a loss, if you have a thing about fair play...

... then again, since when was AIM, or the stock market, about fair play?

[troutisout] 18/1/2013 09:59

LOL,

I honestly believe that PIs expectations were too high here and the final funds from Lancasters would have been whittled away by 'this and that' before hitting the cash acount.

Part of this goes back to the Tara days of big numbers and over-hyping, this still lingered in people's minds and they felt it would be better than realistically it would be. The warning signs have been there for quite a while now, the loans were all at exorbitant rates and the incestuous nature of the loan 'merry go round' should have worried all PIs.

Trout.