Oryx International Growth Share Discussion Threads

[stluke] 26/9/2012 15:18

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 19:22

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 16:52

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

[stluke] 25/9/2012 15:18

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 09:14

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

[stluke] 25/9/2012 08:06

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 21:59

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 17:07

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 17:01

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 16:35

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 16:09

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

[topvest] 24/9/2012 15:51

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.

[praipus] 24/9/2012 15:30

Thanks StLuke they look good some have been on the radar before ASTO and GPG.

[stluke] 24/9/2012 15:13

Hi Praipus,

I have attached codes where possible as some are currently unlisted.

Cvs Group Plc 7.85 - CVSG
Bioquell Plc 6.84 - BQE
Gleeson (M.J.) Group Plc 6.67 - GLE
Guinness Peat Group Plc 6.36 - GPG
Orthoproducts Ltd 4.99
Augean Plc 4.96 - AUG
Journey Group Plc 4.29 - JNY
Eckoh Plc 4.28 - ECK
Quarto Group Inc 4.26- QRT
Catalyst Media Group Plc 4.14 - CMX
Assetco Plc 3.80 - ASTO
Innovation Group Plc 3.76 - TIG
Sinclair Is Pharma Plc 3.23 - SPH
RPC Group Plc 2.75 - RPC
Nastor Inv Ltd Zero Redeem Prefer Shares 2.61
Mecom Group Plc 2.42 - MEC
Bionostics Holdings Ltd 2.40
Celsis Ag 2.09
Bavaria Industriekapital Ag 2.09
Sinav Limited 1.99

Thanks for adding these it will help show how well a number of their holdings are currently performing.

[praipus] 24/9/2012 14:40

Twenty Largest Equity Investments at 30 June 2012

% Net Assets

Cvs Group Plc 7.85
Bioquell Plc 6.84
Gleeson (M.J.) Group Plc 6.67
Guinness Peat Group Plc 6.36
Orthoproducts Ltd 4.99
Augean Plc 4.96
Journey Group Plc 4.29
Eckoh Plc 4.28
Quarto Group Inc 4.26
Catalyst Media Group Plc 4.14
Assetco Plc 3.80
Innovation Group Plc 3.76
Sinclair Is Pharma Plc 3.23
RPC Group Plc 2.75
Nastor Inv Ltd Zero Redeem Prefer Shares 2.61
Mecom Group Plc 2.42
Bionostics Holdings Ltd 2.40
Celsis Ag 2.09
Bavaria Industriekapital Ag 2.09
Sinav Limited 1.99

81.78
------









Orthoproducts Ltd




























Nastor Inv Ltd Zero Redeem Prefer Shares



Bionostics Holdings Ltd
Celsis Ag
Bavaria Industriekapital Ag
Sinav Limited

With thanks to Stluke for help with EPIC code's.

[stluke] 21/9/2012 08:25

A much bigger holding MJ Gleeson also have results out this morning which look very promising for the future, shares up 8%

[stluke] 21/9/2012 08:18

Only a small holding for OIX but results from ESS very good today with share price up 29%!

Edit - Now 50% up and could be the start of a strong recovery.

[stluke] 19/9/2012 11:40

Just came across this one through my holding in Eckoh which has recently been very profitable to myself and OIG by the looks of it, they still hold 15,000,000 shares valued at £2,137,500 today, they originally cost them £1,556,847 for 21,260,000 shares with the difference of 6,260,000 being sold over last couple of months for £925,000 approx a very nice return!!

Lots more research to do but have taken a small position today with a view to increasing.

[wexboy] 31/1/2012 16:05

Hi folks,

Continuing my series on activist investors and other catalysts. Latest post highlights over a dozen listed activist funds/vehicles that you can invest in, including Oryx Intl:



I hope you'll take a look (and plse don't hesitate to comment or email me).

Cheers,

Wexboy

[praipus] 19/1/2011 18:50

kiwi2007 have you got any of these or are you following CGT too?

Also noting your interest in absolute return and value have you seen my all new "Tracking the Arbitrageurs" thread?

[kiwi2007] 14/1/2011 03:16

This month, we return to a small underresearched
hidden gem trading on a wide
discount to its strongly performing asset
value. While its investment objective is to
generate absolute returns and consequently
has a low sensitivity to markets, it has kept
up with its competitors investing in smaller
UK companies in the recent market strength.
It retains a concentrated portfolio of special
situations with approximately 70% in UK
listed investments, 20% in UK unlisted
investments and the balance in Germany and
the US. The approach is very value driven
with a strong reputation of taking an activist
approach in crystallising value from its
portfolio holdings. A case in point is the
recent takeover of its largest investment,
music distributor Chrysalis Group, at a
valuation of more than 50% higher than the
carrying value. We believe that there are a
number of similar value creating
opportunities within the portfolio which on a
near 20% discount looks anomalous.
Certainly the investment manager and Board
believe so as they have been buying in
shares for cancellation regularly over recent
months. In line with our strong preference,
its investment manager, Christopher Mills of
JO Hambro, also has a sizeable personal
holding in the fund.
Despite these attractive characteristics, the
fund continues to trade on a wider discount
than many of its competitors, hence the
hidden gem tag. To date, it has largely been
ignored by investors, is not covered by any of
the major brokers and remains tightly held by
shareholders. We see the recent discount
narrowing continuing.

Up 20% since SVM published this report.

[praipus] 09/11/2010 15:19

Got some of these via a holding in Capital Gearing Trust PLC CGT.

[cottlet] 24/4/2009 07:33

Looks like an upturn on the chart. wonder why.

[ben nevis] 07/11/2008 19:55

I suppose some guy is paying himself to "look after" this fund..

there's enough money for HIM I suppose.

For me, it isnt even enough to pay the broker to sell it

Crazy world, bloody loss.

[vaneric] 15/2/2008 17:24

Perhaps there will be more input to this thread than the former OIGC one. V.