Prelude Trust Share Discussion Threads

[jtjh] 26/2/2007 09:22

Interesting to see that the finance director of Oxford Immunotec is leaving to join Ransom in March. Could this be a move prompted by the knowledge that OI is being bought out and the buyer does not need 2 finance directors?

[hvs] 25/2/2007 20:48

I agree, thats is why PDT is my napfor 2007 , now OVERWEIGHT

[timtom2] 25/2/2007 20:45

would very much agree with the possible share price range and the conclusion as a "buy" at these levels.

[spin doctor] 25/2/2007 20:11

I would be very interested to hear people's share price predictions on, say, a one year basis.

I suppose a range encompassing 90% of probable outcomes is a decent way of describing an infinity of possible outcomes.

For me, perhaps -10p to +70p.

That may (or may not) seem conservative, but takes into account the hefty cash position, the possibility of market downturn, and an underwhelming medium term record.
The positive of course is the current clutch of emerging companies.

Anyway that range - in an investment that is at least reasonably diversified, and given current market conditions and the fact that PDT share price has lagged the portfolio's apparent progress - suggests still a buy at this level.

[hvs] 24/2/2007 10:28

Seems like over 70%

[spin doctor] 23/2/2007 17:37

FWIW I hold 700ppp in spreadbets, all longterm. Opening those has in every case been matched by market purchases by IG Index as one would expect.

We should tot all these up.....not that it would alter the message.

[fse] 23/2/2007 16:30

>rivaldo... good point actually that if the bulk of the shares are with funds then it leaves scant few loose so the share price could move very quickly on moderate buying.

[hvs] 23/2/2007 16:15

Thats a very positive statement tiltonboy.

Am sure Mr + Mrs and Kids are in for a very Merry Xmas this year.

[tiltonboy] 23/2/2007 15:34

riv,

Our shares are held across our advisory and discretionary clients. If we had 3% in the hands of discretionary holders, then we would have to announce.

Mr & Mrs tiltonboy, plus kids, have an aggregate holding of 102,414, so we are positive(or is it stupid!!!!!)

tiltonboy

[hvs] 23/2/2007 15:19

Absolutely riv,

It will shoot.

Have a good week-end.

[rivaldo] 23/2/2007 15:11

Wow - tiltonboy, shouldn't you be on that list then, or do you not have to disclose (from memory) below 10% as only managing other peeps' holdings?

Your 1.33m takes the major shareholders over 80% - add in my meagre holding plus hvs's (rather larger I'd imagine) and others here and we're probably talking 85%-90%! Can that really be true?

Crikey, any decent news and we'll be at the 150p NAV before you can say Rerating....

[tiltonboy] 23/2/2007 14:31

riv,

We've got 1.33m as well.

tiltonboy

[rivaldo] 23/2/2007 14:15

Amazing - Apollo Fund have got 1.5m and are up to 4.39%, Advance Trust UK PLC are up to 1.3m or 3.81%. So this is the current list of major holders - with the directors these account for 76% of the shares in issue!

Any more good news or demand for the shares and things might get interesting:

Insight Asset Management 3,600,000 9.51
Newton Investment Management Limited 3,179,298 8.40
Walkers SPV Limited 3,177,926 8.39
Overseas Asset Mngmt (Cayman) Ltd 2,623,105 6.93
M&G Inv Mgmt Ltd 2,324,163 6.14
European Investment Fund 2,000,000 5.28
New Star Asset Management Ltd 2,000,000 5.28
Merseyside Pension Fund 1,862,500 4.92
Dow Chemical Company Ltd 1,800,000 4.75
Rickerby's Soliciters 1,603,387 4.24
Spread Trustee Co Ltd 1,196,602 3.16
Apollo Fund 1,500,000 4.39%
Advance Trust UK PLC 1,300,000 3.81%

[tiltonboy] 23/2/2007 12:32

Nice to see a couple of institutions topping up.

[2prsimo] 23/2/2007 10:06

Yes the investments seem to be doing well. Thanks for your input hvs and of course jonwig and rivaldo too. Happy to hold and wait.

[jonwig] 23/2/2007 09:55

They seem to be a bit shy of updating us unless something happens with a portfolio company (disposal, addition) and even then you tend not to get the overall picture.

The FY results were announced on 22 May last year, with a valuation as at 31 March.

[hvs] 23/2/2007 09:45

I think so by June.

Most of the investments are doing very well and am sure they will update
us on the various investments/companies.

People have a tendancy to look back, with PDT you have to forget the past
and look ahead.

[2prsimo] 23/2/2007 09:43

Yes that's usually the case. Better off looking after your own. It's only guess work i know, but do you think we will see an update soon.

[hvs] 23/2/2007 09:19

Maybe less now. When institutions are investing other peoples money they
normally buy high and sell low.

Think their selling will be immaterial once we have an update from Prelude.

[2prsimo] 23/2/2007 09:09

hvs - I would like to see the seller out of the way soon though. Don't know why you would sell now with such exciting prospects. If it is QVT don't they have about 750,000 left? Regards.

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[hvs] 22/2/2007 21:00

Thank you 2Prsimo,

I am now over weight here. But no worries.

[2prsimo] 22/2/2007 20:18

Tend to agree with that hvs. Very good value here.

[hvs] 22/2/2007 18:47

July-August 2007

and after that hopefully over £ 2.00

Very undervalued and going places.