Oryx International Growth Share Discussion Threads

[chester] 19/10/2021 21:26

Yes, not sure why

[novision] 19/10/2021 10:49

irritating pullback recently...

[novision] 13/7/2021 10:00

Interesting chat with Chris Mills here:

hxxps://www.voxmarkets.co.uk/articles/vox-markets-fund-manager-interview-with-chris-mills-d8a6ec6/

[donald pond] 13/7/2021 08:04

Some move on CIR today

[p1nkfish] 09/7/2021 10:53

Interesting mention of opening position on WAND. Pleasant results all round.

[drdre] 28/5/2021 07:37

I also bought in last week. I also hold RMMC and MINI. I still think UK small/micro caps have some legs for the foreseeable after the double whammy of brexit and covid. Still not out of the woods.

[donald pond] 27/5/2021 19:50

I'd also add that RMMC has swung to a premium recently: that was on a 20% discount not long ago. So perhaps attention is swinging towards true small cap funds and the discount here could disappear entirely Whatever, buying last week has turned out very well!

[donald pond] 27/5/2021 19:48

It's been a strong month for EKF and RENX, and there will be the free shares in EKF spin off Trellus in the next NAV. Of course OIG may also buy in at IPO. CIR also had good news this week so I wouldn't be surprised if the next NAV showed a big uplift.

[novision] 27/5/2021 18:57

Response to press speculation regarding Augean plc ("Augean")

Morgan Stanley Infrastructure Inc. ("MSI") notes the recent press speculation regarding a possible transaction involving Augean and confirms that it is in the preliminary stages of considering making an approach to Augean regarding a possible offer for the entire issued and to be issued share capital of Augean.

9% of the fund

[novision] 27/5/2021 18:53

Boom! closed that NAV gap with a vengeance. Up 7% ??

[donald pond] 21/5/2021 11:13

Added this week, but crazy discount given long term performance and I think EKF and RENX are both very exciting companies. They've both had good weeks, plus the spin off shares in Trellys are being ipo'd so next NAV should show a sharp rise

[psync] 13/5/2021 12:45

7.2% NAV growth since last month's update. Total assets are getting quite chunky now at £250m.

[ingroid] 30/3/2021 09:38

Have you read the EKF figures and trading update today, which are very special.
OIG has 12% its biggest holding !

[psync] 11/2/2021 11:15

Discount back to 13% based on last month's NAV at 1563 and a quote I just got for 100 shares at 1359p. Interesting how that compares to BlackRock Throgmorton, the only UK small-cap trust to beat this over 3 years, and trading on slight premium. I guess marketing could be factor in that. Still, not complaining or tempted to jump ship just yet. Hopefully they can keep up the good performance here.

[spectoacc] 22/1/2021 14:54

Incredible - mix of performance & discount coming in. And boy, has it come in - 20% was standard for a long time, now trades at par.

[novision] 22/1/2021 14:48

....and up another 40% in 5 months. Small premium to NAV now.

[novision] 11/8/2020 16:04

Bit of a bounce back here and now an alltime high....

[fredhoyle] 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.

[steve3sandal] 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.

[chinahere] 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?

[fredhoyle] 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.

[spectoacc] 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).

[ssahoy18] 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!!

[spectoacc] 09/12/2019 15:03

Sorry all, been selling today - I don't see Boris getting back in.