Origo Partners Share Discussion Threads

[russman] 27/5/2015 20:46

The Directors appear to be clueless with regard to NTAV at Year End.

[russman] 11/5/2015 19:27

Peoples' Bank of China may yet float this junk.

[zcaprd7] 07/5/2015 13:07

Dropping to all time lows...

[zcaprd7] 20/3/2015 08:32

Very quiet...

[zcaprd7] 07/2/2015 02:15

All quiet now...

[russman] 18/1/2015 12:55

Interesting. Either Origo called Brooks's bluff or Brooks got their sums very wrong. Brooks look like fools; they may open their mouths and prove it.

[zcaprd7] 16/1/2015 16:49

Right, Brooks, put up or shut up. If you think you can do a better job, buy the company..

[zcaprd7] 20/12/2014 01:24

They've been winding me up for the last few years!

[russman] 15/12/2014 22:59

I look forward to this GM. It may be fun.

[russman] 10/12/2014 16:54

Some people can run a mile in 4 years.

[zcaprd7] 09/12/2014 15:22

Going to be wound up over four years...

[elcapital] 03/12/2014 18:34

No they cant be put into sips.

Can be put into QNUPS though

[zcaprd7] 29/11/2014 04:41

They are certainly getting the legal letters flowing...

[russman] 27/11/2014 18:28

May win the odd battle but losing the war.

[russman] 25/11/2014 18:52

Big trade at the start today. Not sure if someone is happy or unhappy with the current situation.

[zcaprd7] 25/11/2014 08:05

Got their general meeting away?

[russman] 18/11/2014 23:36

Origo's BoD have lost valuable impetus.

[zcaprd7] 14/11/2014 16:29

LONDON (Alliance News) - Brooks Macdonald Group PLC Friday raised the stakes in its spat with Origo Partners PLC, deciding to requisition a general meeting of the China-focused private equity investment company in an attempt to make changes to its investing policy and board.In a statement, Brooks Macdonald said it has lost confidence in the ability of Origo's current board to oversee its realisation strategy and to act in the best interests of shareholders as a whole.Brooks Macdonald said there has been "no material progress" and "further significant erosion of ordinary shareholder value" more than a year into Origo's realisation strategy.In addition, Brooks Macdonald said it was not satisfied with proposals made by Origo at the end of October over changes to its management structure, incentive arrangements, investment strategy and asset realisation programme.Brooks Macdonald on Friday claimed that the proposals are "heavily" weighted in the interests of managers that have "already overseen value destruction" and that they "fail to align managers' interests with shareholders'".Brooks Macondald invited Damille Partners Ltd to put forward alternative proposals due to its lack of satisfaction with Origo's proposals at the end of last month.Damille has now proposed changing Origo's investing policy to formally adopt a realisation strategy and to remove all existing directors, with the exception of Chief Executive Chris Rynning, and appointing Rhys Davies and Brett Miller, Damille's founders, as non-executive directors. It also called for the appointment of an additional non-executive director, who would then become chairman."Brooks Macdonald hereby requests the board to undertake to adjourn the general meeting of Origo that it has convened for November 20 to consider the board's proposals, without putting the resolutions set out in the notice convening that meeting, and to reconvene it for a date no earlier than the date on which the board convenes the general meeting requisitioned by Brooks Macdonald," Brooks Macdonald said in a statement.Origo said later on Friday it was considering the Brooks Macdonald announcement, but made no further comment.There also exists a separate dispute between Brooks Macdonald, which owns convertible zero-dividend preference shares and ordinary shares in Origo, and the private equity investor, over the terms of the convertible zero-dividend preference shares.Brooks Macdonald shares were up 3.2% at 1,440.00 pence on Friday, while Origo shares were untraded, having last traded at 7.1785 pence.By Samuel Agini; [e-mail]; @samuelaginiCopyright 2014 Alliance News Limited. All Rights Reserved.

[zcaprd7] 14/11/2014 16:24

What did Brooks say?

[cerrito] 31/10/2014 23:57

Was interested to read today's announcement. At the moment have neither OPP or OPPP but have held both in the past.
I note that the June NAV is double the current share price but am not inclined to go back into OPP. I note 26% of their investment portfolio is in Celadon Mining and a further 14% in Gobi Coal.Of course alot can change over a 4 year period but as of now not clear as to what the real value of these assets are and who would want to buy them. Indeed really difficult for me to get any grasp of what the other assets could fetch-including China Rice and Niutech Energy at 15% and 12.5% respectively of their portfolio.I do appreciate that in addition to their investment portfolio of $100m, they have $18m of cash and $26m of loans repayable within a year but I have no idea how collectible these loans are.
Had a look at OPPP but the last trade was on July 11 and the spread is 65/90; while OPPP will be repaid the lack of liquidity rules them out for me.
Be interested to hear how others see this

[zcaprd7] 16/9/2014 19:53

Some negative news coming out of China. Looks like short term pain for a better long term picture from the government though...

[iankn73] 19/8/2014 16:52

Spoke too soon. Yes, it certainly is good news. :-)

Patience is required for this stock and I'm sure it will pay off.

[zcaprd7] 19/8/2014 12:13

Bit of news today...

[iankn73] 17/8/2014 19:19

Thats because it is :-)