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NRI Nthn.Investors

186.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nthn.Investors LSE:NRI London Ordinary Share GB00B08S4K30 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 186.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Northern Investors Share Discussion Threads

Showing 351 to 374 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
11/3/2014
09:03
Langbarb - I left an order all day and it got filled in the auction - I was surprised at the fill but it just goes to show it's always worth having some orders in the market as silly things can happen in the auction.
spittingbarrel
11/3/2014
08:02
Hi spittingbarrel, if I may ask did you get this level via a phone broker?
langbarb
10/3/2014
17:44
I managed to buy back some of the shares I tendered at 390 this afternoon. I'll be looking to buy more mack if I can get them any cheaper.
spittingbarrel
10/3/2014
08:57
Huttonr, Same for me, basic tender amount of 28% processed through my account and cash credited, with excess tender shares today shown as 26% but not yet processed to cash, and balance of shares 46% returned to my account and available for trading.
redhill9
10/3/2014
08:09
I checked Barclays today - looks as if the job is half done - money there for the 28% but shares still held for the excess amount in the tender.
huttonr
07/3/2014
12:44
A director bought 12.5k at full 4.10 offer.

TD done the cash today too - phew - got about 41%. Would prefer they did it like ST so you knew in advance what you were getting.

spectoacc
07/3/2014
12:40
Money now in Selftrade (they generally seem very efficient nowadays).
Am using money for other things, but if not, would have recycled, as some seem to be doing.

centipede
05/3/2014
18:58
Nor from Barclays. I phoned today and they said they'd phone back tomorrow.
redhill9
05/3/2014
18:33
With regard to allocation, has anyone heard from tdwaterhouse.
flyfisher
05/3/2014
11:11
Interesting RNS this am re Alastair Conn's holding - he either tendered v little, or has bought back in quantity. May he have had access to part of Brookwell's stake?

NVM were v aware of how important Kerridge is to them when I quizzed them last January - and the importance has increased. Kerridge as £'000 & % of the VCTs (as of 30/09/13 :

VCT 5,697 8.5%
VCT2 5,694 9.0%
VCT3 4,870 9.7%

NRI 13,625

NVM 29,886 total

Garbetklb

garbetklb
05/3/2014
10:55
redhill9 - correct
alanji
05/3/2014
10:45
For those deciding not to reinvest the tender proceeds back into NRI, might I suggest take a look at Candover - "CDI".

These are the links to both the old and the new threads:





Hopefully quite a few of us here will already hold; but if not, then in essence CDI is a small (Mcap £118m @ 545p) European focused PE trust which is in effective wind down mode, seeking to realise their investments and return cash to shareholders. They are no longer making any new investments.

The key to their recent rise is the announcement that the portfolio managers - ARLE Capital Partners - are seeking to dispose of CDI's principal investment, the oilfields services operator EXPRO International Group.



In view of this possible disposal through IPO or trade sale, the valuation of the EXPRO holding has been raised significantly, such that the overall NAV has risen from 627p in Jun'13 to 715p in Dec'14 – see last week's Prelims:



At 545p the NAV discount = 23.8%. As the Company is set on the course of effective voluntary liquidation, the same position as MTH & NRI, this market valuation is conservative; and in spite of the recent rise the share price is still playing catch up.

Following the great success many of us shared with HPEQ, I posted very early on in this thread that NRI is my HPEQ Mk2. CDI is now my HPEQ Mk3...

================================
Malcolm Fallen, Chief Executive Officer, said:

"The recovery in the value of the portfolio seen over the past year is encouraging. The combination of a more active corporate environment and the successful refinancing of the US private placement loan notes, including more flexibility to repay the new notes early, offers greater potential for the Company to start returning cash to shareholders over the next two years."
===============================================

skyship
05/3/2014
09:59
AlanJI, am I right in thinking it makes no difference to your range of calculations of potential return?
redhill9
05/3/2014
09:43
Quite right garbetklb, silly mistake. I am still very encouraged by the Kerridge valuation.
alanji
05/3/2014
08:30
Allocation 55.2% via idealing (who I really recommend incidentally)
cockerhoop
05/3/2014
07:23
@damanko - lol re six shillings.. Will be stashing mine in QUID until a hoped-for market dip presents some opportunities - picked up a few JRS on Monday.
spectoacc
04/3/2014
22:40
As SBPike and a few others have mentioned - happy days. An interesting week, with Vodafone throwing money at me, and Northern Investors getting in on the act once again.

I too have my holding in NRI in a SIPP with Alliance, and good and able though that administrative platform based in Dundee is, they're pretty slow, so I have no choice but to await developments.

I opted for 100% in the tender offer, knowing full well (like all on this thread) that that would not be granted, but 40 odd per cent will do quite nicely for now.

Slightly OT - but somehow related, I'm tempted to put all this cash being hurled at me into City of London IT. As a holder since the late eighties, and only ever reinvesting dividends, my buying price is now down to about six shillings a share. And the 'running yield' is still over 5%. (Don't ask me what my starting yield is, or I'll be in the frame for a much better job than I have now, driving a fork lift truck...........).

Any suggestions welcome, and guys and girls, please keep up the good work, this thread is a pleasure to read, with no rampers and often very informed comment.

D

damanko
04/3/2014
18:51
I think the first letter was an error....

Anyway, a good result.

Jaws - yes, will be there.

S

smarm
04/3/2014
18:05
Alan
Should have said "Thanks" for an excellent bit of research - vacancies look encouraging.
Garbetklb

garbetklb
04/3/2014
17:37
19% - sent you an email Alan...
skyship
04/3/2014
17:31
Alan

I suspect you may be looking at Kerridge's figures for 100%, whereas the £13.6m valuation is for the share held by NRI - which I can't immediately recall. Shares are also held by some/all of the other NRM run VCTs.

Garbetklb

garbetklb
04/3/2014
15:58
I have had a closer look at Kerridge. It was valued at £13.6m in Sept 13 but is likely to have been increased in the Dec valuation. The last filed accounts were for the y/e Sept 2012 and make encouraging reading (2011 and 2010 figures in brackets):

Turnover £25.5m (18.9, 11.6)
Gross profit £21.2m (15, 9.2)
Recurring profit as %age of revenue 59% (59, 62)
EBITDA £7.5m (5.5, 3)
Net profit £1.5m (865k)
Cash at year end £8.6m (7.5)
Borrowings £13.9m (including loan notes - NRI's £3.5m, and presumably the rest, were repaid in Q4 last year)

So, a very undemanding P/E, especially given that current figures are likely to be well up (there are 23 job vacancies currently advertised on the co website).

Taking the exit projections of 143 to 278p to be returned by March 2015 and a total of 413 to 650p by 2017 and a share price of 412p to allow for costs.

At the lower end (very pessimistic on timing and as the Dec nav was 420p) and 100p received in March 2016 would be break even

At the top end the yield would be 26%

143p in 2015, 100p in 2016 and 650 total the yield would give 20.7%

Taking a middle estimate of 213 in 2015, 100 in 2016 and 532 total the yield would be 13.3%

I might be tempted to go over my maximum allocation!

alanji
04/3/2014
15:32
SpectoAcc. Same here for TD

But I've always found TD to be quite poor for promptness on tenders.

insipiens
04/3/2014
15:31
A pretty good result all round it would seem...
skyship
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