Oryx International Growth Share Discussion Threads

[psync] 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.

[spectoacc] 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.

[steve3sandal] 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!

[spectoacc] 28/10/2019 09:18

Didn't get all I wanted but not chasing. But that discount just got too damned large IMO.

[psync] 26/10/2019 18:22

Cheers steve! Just annoyed it has taken me this long into the current economic cycle to realise how many trusts and funds with excellent track records there are out there. Beats the constant anxiety of being one trading statement away from taking a bath. At the very least if global markets now start on their downturn I'm vastly more diversified than I was.

[steve3sandal] 26/10/2019 18:02

Psync, I came to the same conclusion earlier this year. Over 40 years in ITs and thought I could pick stocks. 1 became 11, IRR under 1% over 3 years. Now holding onto just 4 but otherwise all in with ITs for equity exposure and where I’m quite happy.

[psync] 26/10/2019 17:13

Recently shifted a direct holding in Flowtech Fluidpower over to this, finally accepting that I have neither the skill nor the fortitude to manage my own small cap portfolio. Discounts seem to have narrowed on most other UK small and mid cap trusts but not this, which attracted me as it's still early days regarding the B-word. Just hope a wind down isn't imminent. Shame though, I did fancy Mercantile Trust but not at the current price.

Also picked up NAS and Montanaro Smaller Co's to go with a preexisting holding in Acorn Income Fund from last year that is only just threatening to break into profit. Probably too much UK exposure but wanted to have some stuff that might benefit if this country decides to turn a corner at some point.

[steve3sandal] 25/10/2019 17:04

Indeed. And the old double discount through NAS. I had a good look through the portfolio for potential gremlins a while back when I also had some sweets out of this jar. Needs small caps to come back in favour and or NAS to buyout the other 50%. Post it note reminder for Monday thanks.

[spectoacc] 25/10/2019 16:21

In for a few, tho couldn't get as many as I'd have liked. Discount just too large to ignore.

[topvest] 24/4/2019 21:42

I don’t think Christopher Mills will be pressured into doing something he doesn’t want to. I’m content to keep holding in the knowledge that medium term returns will be good. NAS has the firepower to take this over, but they may be wiser holding their cash until the cycle turns...we can’t be far away. I hold both, so not fussed either way really.

[steve3sandal] 23/4/2019 22:28

Tempted by the 21% discount today. I’m hoping this will close. Peter Spiller, Capital Gearing seems to be urging Christoper Mills to do something about it. For not much more than £50m NAS could take this into NAS and make us a near NAV offer. Underlying holdings generally out of favour being U.K. small caps so another potential lever if earnings and PEs pick up. Plenty to like at 770p I feel. Now.....is there anyone out there....? Any thoughts?

[fredhoyle] 21/5/2018 21:59

SPO is a hot stock at the moment after the US Supreme Court Sport betting ruling. It's rebounded, more than doubling in the past month.

[mw8156] 21/3/2018 14:45

they and NAS appear to have come a bit of a cropper on Sportech, though.

[fredhoyle] 21/12/2017 17:02

Chris Mills stock-picking skills speak for themselves, 193% growth over 5 years- legendary. As OIG continues to grow there must be potential for present 14% discount to narrow.

[lignum] 09/5/2017 13:19

Agreed - look at their underlying investments - I don't understand the discount.

[nimbo1] 08/5/2017 11:15

will probably break out shortly - a good performing trust and large discount.

[topvest] 05/9/2015 08:12

It's a logical thing to buy shares at this point of the cycle and very few bargains to be had. I'm not sure wind-up for NASCIT and/or Oryx is on the cards in the near term, but Chris Mills is approaching retirement age so who knows?

[mw8156] 03/9/2015 23:06

looks as though this company is slowly being wound-up with > 5% of the shares being bought in two days ago...

[topvest] 25/7/2015 21:07

Latest NAV is impressive indeed at 618p. In the subsequent events note it mentions that Celsis (virtually zero cost) is subject to an offer worth £8.7m versus the the £6m year-end book value. Very impressive indeed. I am going to start following Chris Mill's purchases more closely. Source Bioscience and Journey are amongst the latest.

[topvest] 11/7/2013 10:31

Results out today. All looks pretty good.

[topvest] 11/7/2013 10:31

Results out today. All looks pretty good.

[topvest] 06/7/2013 13:49

Results a little delayed. Normally out in June.

[stluke] 01/3/2013 08:01

Good news out of CMX this morning with an increased dividend payable to OIG of 7p per share, thats about £220,000!!