RAB Special Situations Company Share Discussion Threads

[dunnie] 27/9/2005 08:36

Just bought another 100,000 warrants at 7p.

[dunnie] 27/9/2005 07:07

Trader,
i bought 200,000 last week at 6.5p i think they will be a very good buy.
Regards

[trader horne] 26/9/2005 13:15

Hi Dunnie,
what price did you get the warrants at? There's a huge spread. Still holding my original buy at 6p.

[dunnie] 26/9/2005 08:54

RSS is looking great value now at around 5% discount to nav,i like the look of the warrants personally.

[azalea] 25/9/2005 14:44

Good news for RSS if the find is substantial and adds to the very significant and recent stakes taken by Nordea Bank SA (10.12%) and JP Morgan (15.19%) which I see as a tremendous indicator for the upside potential of the share price before the year is out. These two are NOT in here for the fun of it.

[dunnie] 25/9/2005 08:49

Taghmen Energy will tomorrow announce the discovery of oil & gas at a well in Gautemala according to a article in today's Mail on Sunday,RAB Capital hold 16.16% between the Special Situations Fund and the Energy Fund,it can't be long before the share price takes off again.

Significant stakeholders now include Fidelity, RAB, Metage and Millennium.

Major Shareholders : Shares in issue: 50.67M


Gregory Charles Smith.......................13,600,001......26.84% Dir
Millennium Global High Yield Fund Ltd.......7,153,848.......14.11%
Chasm Lake Management Services LLC..........5,615,385.......11.08%
RAB Energy Fund Ltd.........................4,480,770........8.84%
RAB Special Situations LP...................3,713,077........7.32%
Moore Capital Management Inc................2,538,462........5.00%
Meridian Natural Resources High Yield Fund..2,423,078........4.78%
Fidelity Investment Services Limited........2,279,573........4.49%
Metage Funds Ltd............................1,897,470........3.74%
James De Vaux Guiang........................1,000,000........1.97% Dir
Nicholas Hugo Gay...........................750,000..........1.48% Dir
John McNeil Scott...........................750,000..........1.48% Dir

[dunnie] 23/9/2005 16:58

Just got the month to date figure for the Special Situations Fund and the fund was up a whopping 6.37% at the close of business last night,which is up a further 3% in the last week alone.The current share price and particularly the warrants look excellent value at current levels.

[dunnie] 23/9/2005 09:52

Coal International have just suspended their shares pending the announcement of a major deal,guess who holds just over 4%,RAB Capital.
Coal International



Major Shareholders

Shareholder
Umbrella
Number
% tot.issued
Confirm Date

L-R Global Partners
L-R Global Partners
2,666,667
(9.060%)
28/04/2005

UBS Laing & Cruickshank Ltd
UBS Laing & Cruickshank Ltd
1,725,900
(5.864%)
08/07/2005

Goldman Sachs Group Inc
Goldman Sachs Group Inc
1,369,999
(4.654%)
03/08/2005

CQS
CQS
1,226,667
(4.168%)
28/04/2005

First State Investments
First State Investments
1,226,667
(4.168%)
28/04/2005

Framlington Investment Management Ltd
Framlington Inv Mgmt Ltd
1,226,667
(4.168%)
28/04/2005

Henderson Global Investors Ltd
Henderson Global Investors Ltd
1,226,667
(4.168%)
28/04/2005

JP Morgan Fleming Asset Management
JP Morgan Fleming Asset Mgmt
1,226,667
(4.168%)
28/04/2005

Majedie Asset Management
Majedie Asset Mgmt
1,226,667
(4.168%)
28/04/2005

RAB Capital PLC
RAB Capital PLC
1,226,667
(4.168%)
28/04/2005

SG Asset Management Ltd
SG Asset Management Ltd
1,226,667
(4.168%)
28/04/2005

Societe Privee de Gestion de Patrimoine
Societe Privee de Gestion
1,226,667
(4.168%)
28/04/2005

Morgan Stanley Securities Ltd
Morgan Stanley
1,207,067
(4.101%)
16/05/2005

Killik & Co
Killik & Co
1,153,340
(3.918%)
28/04/2005

Williams de Broe PLC
Williams de Broe PLC
1,104,997
(3.754%)
28/04/2005

Libertas Capital Limited
Libertas Capital Ltd
1,100,000
(3.737%)
28/04/2005

Carmignac Gestion
Carmignac Gestion
900,000
(3.058%)
28/04/2005

J J Byrne

100,000
(0.340%)
28/04/2005

J J Conlon

100,000
(0.340%)
28/04/2005

[azalea] 23/9/2005 08:08

I have doubled my holding.

[isa23] 21/9/2005 16:56

It's also a good way of gaining exposure to Oxus and similar companies without taking undue risk. Given the volatile nature of such shares it makes more sense to access them via an investment trust such as Rab's who know the industry inside out. I wish I could buy more of RSS at current prices, but at the moment my money is tied up elsewhere.

[dunnie] 21/9/2005 14:24

Just bought 200,000 RSSA warrants as i know the SSFund is floating two companies in the next couple of weeks,Intl Ferro Metals and ACTA S.P.A. this will give the nav a massive boost as unlisted investments are held in the fund at cost until flotation, thereby giving the fund a massive boost when floated.RAB used the same strategy last year when bringing Asia Energy,Falkland Oil & Gas and Falkland Gold and others to the market.

RAB Spec Sits holds 9.8% pre admission. Admission date is 4.10.05. No further details, other than incorporated in Italy to develop and produce platinum-free catalysts and membranes for the fuel cell industry.
This will give a big uplift to the SSFund as unlisted investments are held in the portfoilio at cost until they IPO,thereby giving a big surge in value.

[tinvan] 19/9/2005 19:00

See the 3i bulletin board where there is some discussion of IPOs scheduled for this Autumn.

[energyi] 19/9/2005 17:16

estimated Net Asset Value per Ordinary
Share based on the estimated value of the RAB Special Situations Master Fund
provided by the Investment Adviser as at 15 September 2005 was 108.5 pence.


Should be higher today

[isa23] 19/9/2005 11:38

NAV rising steadily, institutions buying, gold/oil on the rise...its only a matter of time before this share trades at premium. IMHO

[azalea] 19/9/2005 11:26

I'm in on news of that JP Morgan has an interested of 15% and Nordea Bank Denmark 10.13%. I see the latest NAV is 108P.

[ramillar] 12/9/2005 09:13

See my earlier comments on investment trusts, which are traded in themselves, not necessarily responding directly to net asset value. Is this not acknowledged?

[hectorp] 09/9/2005 16:43

EJ, maybe one of the regulars here can come up with some reasons.. If not, I'll avoid.
H.

[edmondj] 09/9/2005 15:52

Indeed the relatively stagnant share price is curious when this Aim-listed company is (to my understanding) pretty much seamless with the original special sits hedge fund (via a 'Master' strategy) and yet there is so much action in smaller resources shares plus the RAB special sits fund.

I am not 100% up to date on this fund because I felt it best to let it settle down after flotation, but its shares are still curious.

[hectorp] 09/9/2005 15:47

Qn and comment for end of the week:
are RSS entirely invested now in Mining stocks ( ie not oil stocks)? what are the current investments? I believe some of the cash is invested in otehr RAB funds? and my comment is: its odd that when the mining sector especially the small caps now is starting to show advances ( maybe seasonal, maybe for other reasons, maybe both) that RSS is not on the up and up now. SOmething is holding it back - but what.
I've over-invested in CBM in particular,as I'm not confidence investing here - yet.

[trader horne] 06/9/2005 14:16

... whcih is reflected in the price. I was hoping for something more in the NAV by this time, lots of the underlying investments are booming (see the RAB BB).

[energyi] 01/9/2005 17:42

30 August 2005

RAB SPECIAL SITUATIONS COMPANY LIMITED (the "Company")

The Directors today announce that the estimated Net Asset Value per Ordinary
Share based on the estimated value of the RAB Special Situations Master Fund
provided by the Investment Adviser as at 25 August 2005 was 103.79 pence

[ramillar] 31/8/2005 07:44

As an investment trust, price depends on buys/sells as well as asset value. My guess is that price won't move much unless there are large buys, or/and net asset value rises so that share price gives say 10% discount.

[icf absolute] 30/8/2005 12:06

The holders of this are getting screwed in comparison to the gains being made on the actual fund. The actual fund is +5.5% in August alone as detailed in the FT at the weekend, where as this listing hasnt even budged.

[bangor] 16/8/2005 10:56

energyi

admonishment to sell RSSB seems a little harsh. For believers in RSS's future this is a useful punt on their mid-term future provided not overdone. I hold RSS and a smaller amount of RSSB which, admittedly, I am prepared to write off if necessary. The benefit seems worth the risk to my mind, though admittedly it is risky. Perhaps you are applying a more complex model to the warrants.

[energyi] 16/8/2005 09:13

RSSB is overpriced.
If you own it, time to sell.
Put the money into RSS, if you want to stay long RSS