Oryx International Growth Share Discussion Threads

[stluke] 06/11/2012 19:34

Very strange share price movement NAV up 22p since mid price went to £2.55, now down to £2.40 with a NAV of £3.22!?

I also predict this to grow as per my previous post, will add further.

[stluke] 02/11/2012 09:38

Based on data as at 31st August as this was the last date holdings information is available, there was 9 stocks up 7 down and 1 unchanged in October of the UK quoted stocks.

More importantly of the 6 largest holdings 5 were up and 1 unchanged.

The star was definately MJ Gleeson (GLE) which is the 2nd largest holding and was up almost 12% which equates to approx £500,000 gain in value, the biggest holding CVS Group also had a strong month also adding approx £250,000 in value, they did also sold a quantity of this holding and locked in a decent gain.

The worst performer QRT was down 6% but has recently rebounded on 3rd quarter update yesterday.

Difficult to predict with any great accruacy the movement in terms of share price but should come in up again this month but nearer 8-10p, however this is subject to movement in valuation of the unquoted stocks.

[stluke] 01/11/2012 08:07

Will do an update tonight if I get time otherwise at the weekend of the month end position.

Updates from some companies slow coming through but we do have one from QRT this morning which again was fairly solid, plenty more to come this month.

[stluke] 25/10/2012 15:35

Not a bad prediction if I don't say so myself! Seriously though it is good to see that my calculations are in the ballpark area and supported.

Share price discrepency between market capital and NAV now standing at 67p and on course to grow further in October, share price will have to respond shortly but hopefully not before pay day!

[topvest] 25/10/2012 06:45

Yes, great news from JNY. GPG to become Coats. Had a look at GPG a few months back, but don't like the pension liabilities in Coats.

[stluke] 25/10/2012 06:38

Good news out of both JNY and GPG today with blue opens to come, still waiting on a few more trading statements before end of month, should also get an updates NAV statement today, I'm expecting around £3.22.

[stluke] 21/10/2012 14:35

Bit of a mixed bag this week with CVSG & GLE contining their strong runs of late, couple of weak stocks this though with QRT, RPC and AUG slipping, all in all most stocks still up this month and with a couple of trading updates this week to come should be interesting.

[stluke] 18/10/2012 08:06

First of the Interim Management Statements out this morning from Mecom and was a in line against the backdrop of tough market conditons for them, cost controls will result in lower than expected debt levels seems to have been well received from the market.

[stluke] 14/10/2012 10:56

Time for a mid month update I think, the results below show a good start to the month with a couple of strong gainers, SPH, QRT and AUG probably the best, with JNY the worst perfoming stock.

In total 10 up 2 no change and 5 down.

Mid Price as 30/09/12 as 14/10/12

SPH 26.875 28.75
QRT 145.00 157.50
JNY 4.00 3.625
GLE 134.50 141.50
TIG 21.625 22.25
NARS 60.75 60.25
RPC 426.10 428.00
DODS 4.00 4.125
AUG 35.50 38.00
ESS 18.50 21.00
ECK 14.25 13.875
CMX 94.00 93.50
MEC 83.25 80.00
ASTO 299.50 307.50
CVSG 151.50 158.50
BQE 134.50 134.50
GPG 27.00 27.00

With trading statements due from 4 companies between now and end of month should be a interesting period.

[stluke] 01/10/2012 12:18

Cracking start to the month with CVSG showing no signs of stopping, GLE also continuing good run since results, both those are in the top 3 holdings.

Also seen some nice moves today on SPH up nearly 10% and QRT up over 5%.

Fallers are minor but will always be mentioned if noticeable.

[stluke] 29/9/2012 14:35

Further to yesterdays rises in certain holdings you can add GLE with late rise, quick calculation on yesterdays moves should add a further £300,000 approx so expecting to see the fund to have grown by over £2,000,000 in September.

[stluke] 28/9/2012 13:50

A couple of holdings down today including AUG which was the one stock out of the top 10 that is down in the month of September, results out the other day suggested trading was tough but profits held up and guidance unchanged, i think the fall was down to CEO resigning and stock was on a good run prior so not to concerned.

Moving to the positive a number of holdings today have seen decent gains, QRT, CMX, CVSG and TIG!

Will revisit my september prediction at the weekend.

[stluke] 27/9/2012 18:32

Following on from last posting re expected gains in September.

Quick calculation of Aug - Sept movement on 10 top holdings as at 31st August shows 9 advanced with one faller and that was from recent highs, that equated roughly to £1.75m capital growth.

Obviously not the whole portfolio but they represent approx 65%, some smaller holdings have had good performances like Essenden (ESS) up 60% this month.

[stluke] 26/9/2012 14:18

August 2012 NAV statement £59,381,243 or £3.12 per share, this is a increase in month from July 2012 of £2,221,369 or 12p per share, a very strong return for one month.

This does not reflect recent gains a number of holdings have seen in September so expect a further increase next month.

I have added further today as now trading at significant discount.

[stluke] 25/9/2012 18:22

It might not happen overnight but with so many of its holdings doing so well over the past 2 - 3 months its only a matter of time before it is represented in the sp, always a lag time on these stocks.

Not only share price growth but dividend income has been very strong recently, one for example is CMX which recently paid 7p per share and with a holding in region of 3,500,000 shares that not bad.

Looking to add further myself, if anyone can give me the details on Level 2 with number of brokers and prices in the morning it would be appreciated.

[topvest] 25/9/2012 15:52

Decided to buy a few as their portfolio looks to be doing quite well.

[stluke] 25/9/2012 14:18

Oryx's third biggest holding MJ Gleeson up again this afternoon following yesterdays rise after results, stock up over 25% in past three months.

[bubbleandleek] 25/9/2012 08:14

indeed. stock now up over 10% this month alone..... NAV increasing steadily

[stluke] 25/9/2012 07:06

Results out from Oryx's largest investment CVS Group this morning and look positive with a strong blue opening continuing a good run of late.

[stluke] 24/9/2012 20:59

Just noted that the funds committed to RPC has gone from 2.75% to 6.75% from June to August, RPC graph looks very promising over that period.

[stluke] 24/9/2012 16:07

Thanks for adding the charts Praipus a very useful addition, looking forward to the next Net Asset Value position as at August, should come any time now.

Just had a look at the WAM thread very interesting thanks for the heads up.

[praipus] 24/9/2012 16:01

Thanks topvest.

Stluke I've added a link for the top twenty charts to the header.

I track some activist investors on the WAM thread may be worth a peak if you have a few moments.

[topvest] 24/9/2012 15:35

NAS has the same manager as Oryx - Harwood Capital led by Chris Mills. He has a strong long term record.

JNY looks on the cusp of a major turnaround as it's now virtually debt free, focused on its 2 divisions and has also announced some major contract wins. The £12m market cap is a little undemanding given the £50m+ of revenue and an expected £1m profit. The business was a dog, but looks like things are going well which is not reflected in the share price. The activist holders will presumably want an exit so can see this doing well if it gets re-rated. They also have restructured the balance sheet and, if things are going well, there could be a hint of dividends around the corner.

[praipus] 24/9/2012 15:09

Hi topvest, what do you like about JNY and NAS?

[topvest] 24/9/2012 14:51

Yes, was looking at their investments the other day and picked up some JNY which appear very undervalued. Have some NAS, and will buy these when the discount is more attractive.