Oryx International Growth Share Discussion Threads

[stluke] 08/1/2013 20:18

Well after an initial slow start to the year things have started to gather pace with a number of holdings ticking up, should also get an interesting update from Mecom on friday.

Hopefully we will get Decembers NAV statement mid month in line with November update and what Harwood produce for North Atlantic instead of the end of the month which they have previously done.

Noticed some larger mid priced trades going through of late as well which could be share buy backs, if this is the case it would be very positive.

Up to just over 4,000 shares here now and will add further on clarification of the above.

[stluke] 31/12/2012 12:54

Well I hope everyone had a good xmas, the markets have now closed for another year and more specifically December.

Of the UK equities in the portfolio 11 advanced, 4 declined and 3 were unchanged during December so another strong performance to follow previous months.

The best performers were BQE and ASTO but also saw 5-10% gains from GLE, MEC, NARS, TIG and ODX.

The only significant faller was QRT down approx 12.5%, the remaining three were down around 1% only.

Its nice to see some minor buying during december with a fairer value starting to emerge, hopefully this will continue into a prosperous new year!

[stluke] 20/12/2012 12:27

News from NARS, ASTO and SPH today all resulting in the share price up, looking positive!

[stluke] 18/12/2012 13:06

Seems to be some action over at Mecom (MEC) this morning, OIG did specifically mention that they expected a "major" recovery there over the next few months so could be one to watch.

Although only half way through the month so have to be careful but it is looking good for a further decent increase in the NAV of the fund.

[stluke] 18/12/2012 09:32

I see Mr Mills has got himself a NED role on the Bioquell (BQE) board.

Nice tick up from ASTO this morning and GLE keeps pushing towards the £1.80 mark.

[stluke] 15/12/2012 09:19

I have no idea gucci myself, I do see lots of little sells going through so quite likely.

[gucci] 15/12/2012 00:56

any old Baltimore share holders here? - any idea what the consolidation of BLM to OIG was.
I have 6 OIG shares - I think possible consolidated from 2000 BLM shares. Does that sound right?

[stluke] 14/12/2012 14:15

Cheers again Praipus.

Nice AGM/Trading update from CVSG today OIG largest holding, should go along way to support the recent rise and see further consolidation at its current level.

[praipus] 14/12/2012 12:30

No problem all done.

[stluke] 14/12/2012 11:35

Thats great Praipus, the only one missing was IFP, thanks for doing this.

[praipus] 14/12/2012 11:16

Hi StLuke I've updated post 7 as requested let me know if i've missed anything. Thanks for pointing out the changes required. P.

[stluke] 13/12/2012 16:49

Nice to finally see some blue here which I believe is long overdue!!

[stluke] 13/12/2012 12:50

Agreed topvest, although I would say that certain holdings have been outperforming of late and that is where Harwood's skill comes in over and above the general market.

Will try and get hold of Praipus to update thread for recent additions and disposals.

CVSG the largest holding in the fund has its trading statement out tomorrow so thats something to look forward to plus CMX has yet to release finals which should also be strong.

[topvest] 13/12/2012 12:37

Impressive, but markets have been pretty strong of late.

[stluke] 13/12/2012 11:41

Like buses you wait for one and you get two!!

October NAV £3.25
November NAV £3.40!!!

Discount to NAV will surely lead to share buy backs now, Im glad they represent what I have been posting recently that the fund is really going from strength to strength, also glad I have been adding.

[stluke] 11/12/2012 08:15

Interesting mid markey buy yesterday of 15,000 shares possibly share buy back?

Yesterdays increase in BQE was worth approx £0.5 million by the way.

Edit - GLE still on the up now £1.75, that equates to an increase in value of £1.5m approx since end of september this year, again not reflected in the share price yet.

[stluke] 10/12/2012 10:37

Slightly disappointed with the lack of NAV statement for October and have chased Oryx for this, will update if I here anything.

With regard to recent events the portfolio is performing very well with the top holdings in particular outperforming.

1 - CVS 30/9/12 £1.48, 30/11/12 £1.66 - now £1.68
2 - GLE 30/9/12 £1.33, 30/11/12 £1.60 - now £1.73
3 - GPG 30/9/12 £0.28, 30/11/12 £0.295 - now £0.305
4 - BQE 30/9/12 £1.32, 30/11/12 £1.36 - now £1.55 (up 14% today on sunday tip)

None of these moves have been reflected in the market yet so will add with confidence of a further move up shortly.

[topvest] 27/11/2012 20:04

They have said that before on the unquoted portfolio - the sales seem to be taking longer than expected. Could be some good profits on these though if and when they get them away as they are good businesses.

[stluke] 27/11/2012 08:09

Interims out and they paint a picture of recovery and strength in the period to September.

Lots of good info regarding investment holdings which will aid future analysis, will try and do a update to november today based on updated info.

A certain paragraph also caught my eye regarding investment banks have been appointed to realise value in the unquoted investments which could result in "a good uplift from current valuations"

[stluke] 24/11/2012 14:10

Things has definately improved over the past week with now 11 up and 6 down on the main UK quoted portfolio since the start of the month and again more encouragingly the biggest holdings are all up.

On the week 9 up, 6 no change and only 1 down.

Highlights have been, ECK on good interims and GLE which continues to go from strength to strength.

All pointing towards a further rise in the Net Asset Value for the month of November.

Should get October's update early next week.

[gucci] 21/11/2012 09:55

I have 6 shares in OIG - no idea where they came from - could anyone help and tell me what the original company was called please?

[stluke] 17/11/2012 08:56

Well that was a some what muted response to what were good trading updates, I guess in the case of GLE it has had a good run of late and I understand some have taken profits. I expect both to move forward again soon.

Looking at the portfolio as a whole at mid month its been a bit of a mixed bag with a even number of risers and fallers, some of the fallers have been significant like MEC and JNY.

Despite this I would suggest the portfolio is still up as 7 of the top 9 stocks by holding value are up in other words all the fallers are the minor stocks in the portfolio.

[stluke] 16/11/2012 07:54

Fairly decent start to the month until yesterday when one of the mid range holdings had a bit of a shocker, MEC down 12%.

Fortunately we have finally got two of the IMS I was banging on about from GLE and BQE both top 3 holdings in OIG portfolio, and worth the wait they were.

[stluke] 09/11/2012 16:36

Only back to where we were the other day though, NAS which is also managed by Chris Mills via Harwood Capital has really pushed on over the past few months which you would have thought would have happened here as well as the portfolio has many of the same investments the biggest is actually OIG itself!

Been doing some digging on the unquoted companies held by OIG and NAS via companies house and they look very promising, the NAS results to July 2012 mention that Bionostic Holdings Limited, Orthoproducts Limited and Nastor all of which OIG have interests in as well are all up for sale and I quote " the impact on the company's net asset value and cash position would be significant although there can be no guarantees" that they will be sold basically.

The nature of unquoted investments will mean they have a much lower value placed on them by OIG and the market but if value is realised via a sale the impact could be significant to the share price.

[battlebus2] 09/11/2012 16:25

Bit of a jump today.