Northern Investors Share Discussion Threads

[jaws6] 01/8/2012 16:29

sky
You can bid at 255 if you want to narrow spread or 260

[skyship] 01/8/2012 16:21

jaws - thnx for that

Does seem rather stupid to be a MM and stand on a 7.6% spread with a lower bid and a higher offer than the lead player - and in only 1000 shares!. Currently they make 252p-272p, so if they close it in to 255p-270p (a mere 5.7% spread) they will see the business. As it is - GO HOME; and take your book with you...

[jaws6] 01/8/2012 16:11

orel is making mkt in bid and offer at 254 271, 2 others on at 252 272 in 1000 shares only.
Tks.hoping for another tender in DNE ,when not sure

[skyship] 01/8/2012 14:50

jaws - I agree with Damanko - if you're holding DNE, HGT, HPEQ, NRI & RCP then all looks good. Just missing a few PIN perhaps. I've recently bought back my holding there having sold out when they rose too far, too fast and a temporary pullback was a totally logical outcome to trade...

[skyship] 01/8/2012 14:27

A question regarding the absurd spread in NRI. Is it just one MM perhaps. Could someone with L2 advise please; and if more than one, what are the individual quotes? Thanks...

[skyship] 27/7/2012 16:04

Just had a very useful BB debate with another investor regarding the merits or otherwise of NRI. He highlights a genuine concern - Can those valuations suggested in the 120%-160% NAV uplift be achieved?

My take on it is that the HPEQ precedent of constantly exceeding valuation expectations will be similarly reflected in the NRI programme.

I also surmise that the 120%-160% spread has to provide a realistic estimate of expectations, otherwise why pitch it that way? Absolutely no point in setting yourself up for failure; so they must feel that the 120% is a shoe-in & that the 160% is a realistic target. Also remember that the 120%-160% spread was originally announced in Nov'11, then reaffirmed in the Annual Report in May'12 - so no backsliding there then.

So, it is then interesting to plug the 388p figure for that mere 20% upside into my spreadsheet. That shows a 4yr GRY of 10.4%pa; and a more realistic average 3yr GRY of 14.2%pa...

Think I should be buying a few more before that Autumn tender provides the equivalent of minimally a 7p/share dividend!

[damanko] 26/7/2012 18:10

Then you'll do okay jaws, very good picks. My advice (not that you asked - but here it is anyway.....):

Sit, and wait. Your money is in good hands. RIT in particular I reckon will continue to deliver. It's too well owned, and too well run to be allowed to do otherwise.

[jaws6] 26/7/2012 16:56

Tks.I got DNE and hgt,nri,hpeq .

[jaws6] 26/7/2012 16:37

damanko
Tks.
Any more info in DNE ? I still hold .

[damanko] 26/7/2012 16:35

"This statement has been prepared solely to provide additional information in order to meet the requirements of the Disclosure Rules and Transparency Rules and should not be relied on by shareholders, or any other party, for any other purpose."

From today's RNS. A formality - required by the FSA. But, about these understatements..... trust this sentence, and the rest of the statement helps to dispel the doubts of some earlier posters on this thread.

[jaws6] 26/7/2012 15:48

Skyship
Tks for info.what about more cash to pi .what is your guess or more tender to come ?
Any broker follow this ? got small but waiting for more info.
Edit--just found few ,will try to read later

[skyship] 26/7/2012 12:29

Today's IMS confirms the NAV = 327.5p EX the recent 7.4p dividend.

At the moment my best guess is for a 12.5% tender @ 319p; but I view that as a minimum as we may well see more cash in the coffers come the Autumn.

[skyship] 24/7/2012 11:54

NRI last stated NAV as at 31st Mar'12 was 325.5p; though a subsequent trade sale declaration adds 2p to that figure.

We are due an IMS any day now; and that will update the NAV as at 30th Jun'12.

[jaws6] 17/7/2012 12:16

Well on up move now

[skyship] 11/7/2012 13:31

Agreed - 258p is rather bizarre. Still, 258p is too darned cheap, so they'll be alright in the short, the medium & the long term...

[jaws6] 11/7/2012 11:59

why people paying 258 when you can buy at 252 and they not buying big either

[jaws6] 04/7/2012 12:52

ok, no prob.
Some good info on citywire today for some bond info some says good ,some not.Those who says no said no for n grid bond too.
but some good points there for read.

[tiltonboy] 04/7/2012 12:00

jaws,

It is the same as SIGG, i.e SETS MM.

Not much point putting them on the board as there hasn't been a SETS trade for at least two months. I have left notes with the market taht I'm looking for stock.

[jaws6] 04/7/2012 11:51

ok.tks for info.
this one is not normal set stock like SIGG.I think it is sets mm stock.

[skyship] 04/7/2012 11:49

jaws - tilts always buys through the Book, so I suspect he'll pick up any stray seller...

[jaws6] 04/7/2012 11:42

tilton
Ask broker to put in bid above 237 so might get few if you really want it.
it is sets mm

[tiltonboy] 04/7/2012 10:50

SKYSHIP,

Rather offput by the dealing spread, so will continue to monitor, i.e miss, for the time being.

[jaws6] 04/7/2012 10:48

skyship
I bought few yesterday 247.G luck.