Origo Partners Share Discussion Threads

[zcaprd7] 11/5/2012 12:01

Will enter at 25p

[wassapper] 03/5/2012 12:50

unaudited NAV as per last RNS at US $239m or 43.7 pence per share with US $37 m of net cash.

Again the price looks good for entry here.

[wexboy] 14/3/2012 12:42

Hi folks,

Just finished a two part review of all the Russia focused/related closed-end funds out there, including OPP - hope you'll take a look & comment:



Cheers,

Wexboy

[wassapper] 26/2/2012 09:18

this looks like a fair entry price with a major discount to NAV.

[pyglet] 24/2/2012 08:16

Morgan Stanley have added a further 12m shares since end of dec.

[cerrito] 31/1/2012 22:55

I have no shares in this but am following the company with a view to buying and hold the zeros.
I rather like it and as I have very little China exposure in my portfolio this is of interest.
The big issue for me is Gobi Coal and Energy which is 27.6% of NAV true down from the 31.7% at end of september but this decrease due to enlarged NAV following share issue, The issue is that we know very little about this company as Gobi's website is not very informative.
I know we are told today in the IMS that
quote
On 9 December 2011, Gobi Coal & Energy Limited informed shareholders that it has completed a placing of shares to two sovereign wealth funds raising US$91 million. The funds will enable Gobi Coal & Energy Limited to construct Phase 1 of the Shinejinst Mine, and bring it into production, in anticipation of an IPO during 2012.
unquote
This is not terribly helpful as we do not know if this covers all their financing need for 2012 given the fact that one cannot rely on the IPO market. I also see from the Gobi website that they are funded to first production of Shinejinst and which implies no margin for error and I also note
quote
Shinejinst project contains approximately 95 million tonnes of JORC reserves and 229 million tonnes of JORC resources and is expected to begin production in Q2 2012
unquote
so not sure why Gobi was raising financing so late. I also note that OPP's IMS does not specify a quarter in 2012 when production will start.
At the end of the day given this lack of clarity on an investment of 27% of the NAV, I think I will pass.
Appreciate input of others.

[l2user] 04/1/2012 12:42

David Kempton: my guide to 2012's best investment opportunities
CITYWIRE
Jan 04, 2012

[cerrito] 20/12/2011 09:40

Interesting that the placing is being done at a premium to the current sp

[ryandj2222] 07/11/2011 13:13

Nice new deal, hope it should see the share price heading back upwards! N

[tenapen] 06/10/2011 18:19

Hi Pyglet,
I have not looked in here for a while and an surprised at the fall in the share price A lot of my Frontier shares have taken a hit but nowhere near this drop. Please report back when they reply to your Email.

Good Luck.

[pyglet] 06/10/2011 09:06

what's going on here notr a word from the company to try and halt this haircut. I did email them with a simple question about when their results were due to be announced but no reply - bad PR.

[cerrito] 19/9/2011 21:50

A story on Gobi Coal in today's Bloombergs- see that at June 30 Gobi Coal was 36% of Opp's portfolio very high but at least lower than the Dec 2010 figure of 42%.



Not a holder in OPP but do have OPPP the zeros and thinking about getting into OPP.
Good to see that in H1 the NAV went up from 66USc to 76USc or 47.5p but no doubt will fall back in H2.
Have no other comment on the first half results but am interested in the views of others.

[dawsonpaul] 02/9/2011 09:13

Next support @ 30

[pyglet] 10/8/2011 10:32

Fantastic buying opportunity here at the moment.

[pyglet] 15/7/2011 09:05

Bit in shares mag this week (page 50) saying buy due to the rising rice prices.

[ssords] 07/6/2011 17:52

Good point about the 17% to asset values, a little scary. But China does need metals which largely come from mining so they sort of go hand in glove. And Mongolia is a little nearer than her other providers. So going to run with it a little longer, but thanks the 17% note.
Ssords.
Ssords

[moosh2] 31/5/2011 17:23

hmmmmm. 52.75p resistance too much? those 53p chungamunga trades look a bit scary. push push push!!!

[arej] 27/5/2011 15:32

From yesterday's FT

By Alice Ross
Published: May 26 2011

Investment choice: the Mongolian stock market was the best performing in the world last year

What is the fund?

Origo Partners, a private equity company based in Beijing and listed on the London stock market. The fund tries to invest in companies that will benefit from strong Chinese demand – including a number of commodity firms in Mongolia.

Why should I buy it?

The Mongolian stock market was the best performing in the world last year and has already grown 100 per cent in the first quarter of 2011 – and analysts expect more to come. The country is rich in undeveloped resources such as copper and gold – and with plans to roll out railways in the next five years, analysts believe this could be a big growth story. Origo is also the largest shareholder in ResCap, Mongolia's only investment bank, which will help bring local companies to market.

Why shouldn't I buy it?

Investing in start-up companies that have not yet come to market is always a risk – and even more so in countries, such as Mongolia, that do not have developed stock markets. Origo is also expensive – while shares have risen 42 per cent in the past year, they are trading at a premium of 17 per cent to the value of the assets. The fund is also heavily weighted towards commodities, with about 50 per cent in metals and mining, so there will be a commodity price risk.

[pyglet] 27/5/2011 15:27

Blimey
Got to be the best performance of any stock this week.

[moosh2] 24/5/2011 17:58

this is moving while well off the radar. i'm suspicious.

[pyglet] 24/5/2011 11:11

something is going on!!

[tenapen] 16/5/2011 06:33

A lot better, thanks.

[wassapper] 15/5/2011 21:35

Thanks Shroder. Just a lurker here for the time being but good you keep it updated.

[shroder] 15/5/2011 20:36

I have trimmed the header of old stuff, let me know if you need new bits adding.

[pyglet] 14/5/2011 15:13

Jim Rogers advises to buy rice!