Share Name Share Symbol Market Type Share ISIN Share Description
Oryx International Growth Fund Ltd LSE:OIG London Ordinary Share GG00B3BTVQ94 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  30.00 4.48% 700.00 650.00 750.00 700.00 670.00 670.00 546 08:32:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 3.0 8.1 57.0 12.3 99

Oryx International Growth Share Discussion Threads

Showing 101 to 125 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
10/2/2020
15:57
Spot on Steve- reason is lack of liquidity -with only circa 14 million shares in issue the majority of which are held by NAS and insiders, the free float must be just a few million. So in the event of corporate activity I wonder what are the downsides here for ordinary shareholders? Not getting full value perhaps although less of a problem in a stock deal.Apart from Chris Mills + fellow directors do we know who other shareholders are? Must be a few institutions I would have thought- if so, we have a degree of protection.
fredhoyle
08/2/2020
22:41
In my view the discount is nothing to do with a dividend or dividend cover. Circa 50% of this IT is owned by North Atlantic Smaller Companies and it’s market capitalisation is too small to be of interest to institutional holders or researchers. So it’s not liquid, it’s not widely known or owned and shareholders can’t really influence anything. There is a small risk that NAS could take it private and offer less than full NAV. So it’s typically been on a 20 -30% discount despite a pretty decent track record. I own it for the skills of the manager and capital growth. It might eventually be subsumed into NAS around NAV if and when Chris Mills hangs up his boots and the rest of the Harwood enterprise is perhaps sold to one of the mega Cap PE, FM giants. It’s a bit of a secret stock we just like to keep it to ourselves and accumulate when no one is looking.
steve3sandal
08/2/2020
20:18
Have been looking at this and also the North Atlantic Smaller Companies trust (NAS). On the face of it they both look bargains to me but their income isn't large. Do people think it is the income doubt that has brought the wide discounts?
chinahere
23/1/2020
11:00
NAV published today (£11.91) shows a 4.6% increase to Dec 31,2019 in one month from end Nov 2019. Discount has widened again to 20% -ridiculous given Chris Mills legendary skills in identifying exciting early stage growth opportunities.
fredhoyle
10/12/2019
08:50
Took a painful below-market 881 on the rump I had left - good luck holders, particularly on Friday. Keeping NAS so still got some peripheral OIG exposure, and hope to be back if I'm wrong about the election result.
spectoacc
09/12/2019
15:40
Yup, bet this morning as it happens! Got 8/1 on Labour minority. I can't see a scenario where Labour get a majority - nor do I think they want one, they want the Tories to "own" Brexit first - and seem barely to be campaigning in Scotland where they'll be lucky to win one or two seats. But I don't see a Boris majority, and possibly Labour largest party, and see the downside of going a little into cash as being small - yes, the spread on OIG in particular is a pig, but I think the markets (& £) have mostly baked in "more Boris", and I think they're wrong. (Advantage of a little repositioning is lost gains; disadvantage of betting is lost stake).
spectoacc
09/12/2019
15:33
if you have a gander at the betting it looks like a labour minority is about 10/1 and a labour majority is about 40/1. if youre worried about comrade corbs i reckon that mightve been an easier way to make a buck!!
ssahoy18
09/12/2019
15:03
Sorry all, been selling today - I don't see Boris getting back in.
spectoacc
04/12/2019
11:07
still looking nice and perky. should be getting the half year report sometime in the next couple of weeks, so will be interesting to see what theyre thinking
ssahoy18
03/12/2019
16:34
Dunno, but they also picked up 8% of CIR a fortnight ago. Funnily enough, hold plenty of CIR and a fair few Oryx.
spectoacc
03/12/2019
14:21
What do you think about the investment in INFA?
dekle
26/11/2019
10:35
looks good to me, ergomed, hargreaves and augean which is collectively 20% of their nav are all up double digits again since the NAV just published. and more smaller winners. there'll be another big writeup in the next NAV so i see more momentum here
ssahoy18
26/11/2019
08:19
I see the NAV was reported as £10.78, vs HL est of 1163 - however, that's only to 31st Oct (OIG's), so not necessarily any clearer! Think I'll just stick with "It's cheap" :)
spectoacc
20/11/2019
10:44
Yeah I'd also be sceptical of an estimated NAV, so it would surprise me if people were buying purely on the back of that, but what do I know. A cursory glance at the portfolio shows Ergomed and Augean (#2 and #3 holdings) both with strong 1-month performance but hard to judge the impact without hard numbers. Perhaps the spike is more indicative of low liqudity struggling to meet a sudden rise in demand. I often wonder how market makers refill their stock of these kind of shares most suited to buy-and-hold retail investors and likely to be less actively traded.
psync
20/11/2019
10:43
Thanks Specto, that's a good point.
strathroyal
20/11/2019
10:38
@strathroyal - apologies, I meant how much of NAS's NAV is OIG, ie if it's 12% of NAS, then a 1.2% rise in NAS's NAV would come from a 10% rise in OIG's.
spectoacc
20/11/2019
10:34
theyve smashed most other ITs over the last decade: hard to see why they should trade at the biggest discount
ssahoy18
20/11/2019
10:30
I've got a few of OIG's holdings on my watchlist so I know some have done well lately (AUG and ERGO for example)but they are also duplicated in NAS and therefore would reflect in that nav as well. Would agree that they were cheap in the 700s but whether they are cheap now I'm not so sure. Just to correct one thing though, NAS own 51.86% of OIG (RNS 11/01/19)
strathroyal
20/11/2019
10:18
True, altho the NAV from NAS yesterday was to 31st Oct, and we're now on 20th Nov. Also NAS have 9% (or 12%, depending where you read) of OIG, so a 1% rise could reflect a decent OIG rise. I am, however, also sceptical of HL figures. Fwiw at 892 mid from yesterday, they reckon discount 27.7%, NAV 1190. That's an enormous increase from the 1035 last reported NAV, & don't see what has risen that much. Still - OIG is cheap! :)
spectoacc
20/11/2019
10:04
Difficult to see that the discount has stayed that wide. NAS published their own nav yesterday and the equity accounting method, which I think includes their stake in OIG, is up less than 1% for the month. Undoubtedly the share price was a bargain in the top 700's when unfortunately I didn't have any cash available. Having come into funds this week, I've added to my own NAS holding.
strathroyal
19/11/2019
20:29
John Baron seemed to manage to mention most of them, and was a week last Friday so don't think any relation. Must be something done well in the portfolio for HL to have upped their NAV estimate - 1,143, & 29% discount, by their est. I guess the US Treasuries holding is a slight drag unless currency hedged. OIG really is the stand-out on a discount basis. (THRG, HSL, HRI, MTU, SLS, IPU, OIG, ASCI, JMI).
spectoacc
19/11/2019
18:14
Yeah that's quite a jump, couldn't see any news other than John Baron's last IC column pushing UK small cap ITs. Will be interesting to see the the NAV at the next update. Not entirely surprised to see a bump as just about every other UK small and mid-cap fund rallied along with the pound last month and this seemed to be getting left behind. Would be nice to see some benefit to NAS also assuming markets stay strong.
psync
19/11/2019
09:25
Wish I'd got all I wanted now, look at that chart! As far as I can tell (using HL estimates), discount hasn't come in at all - is all NAV growth. Still trading near 30% below NAV.
spectoacc
30/10/2019
08:46
HL say current OIG discount 29.4%. Then again - they also said buy WEIF.
spectoacc
28/10/2019
10:11
If we could all refrain from buying here please the share price might go back to sleep and let me have more. Thank you!
steve3sandal
Chat Pages: 5  4  3  2  1
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