Renaissance Us Growth Invst Share Discussion Threads

[mangal] 14/11/2013 14:20

Not a TA expert muyself but it seems to me that the graph is heading for a breakout.

[sharpshare] 14/11/2013 10:36

Anchorfree valued at around 100p per share based on May 2012 funding round when Goldman Sachs helped raise USD52million. Roughly half went to Anchorfree for development (mainly mobile roll out) and half went to selling shareholders. RUG has about 9.1% valuing it at about USD 300 million.
They have just about doubled in size since then so it might be worth 200p per RUG share? In this frothy IPO market they might be worth a lot more. If Anchorfree had to list on NASDAQ, RUG might spin it out via a dividend in specie? If this company keeps up these fantastic growth rates it could be worth a lot more in future.

Anchorfree does Hotspot Shield software, the most popular VPN with added features. Over 175,000,000 copies have been downloaded with over 20,000,000 active monthly users. Hotspot Shield has been upgraded to support PC, Mac, IOS for Iphone and Ipad and Android. Over 1,000,000 downloads per every 4 days!
Mobile now over 25% of daily downloads up from 4% a year ago.

The CEO David Gorodyansky says his target is 1 billion downloads and 150million active monthly users and seems condifident this will happen sooner rather than later. It is a freemium model so free users get an advert per page download. Over 5 billion pages per month so that is a lot of ads. I guess that click through rates can be monitored so they might be able to charge nice fees for the ads? Premium users pay USD 5 per month or USD 30 per year and do not get ads. Recently a small business package has been announced for USD99 per month for up to 50 employees with extra features.

[sharpshare] 13/11/2013 08:15

Nice pics of food for the staff.
Yum yum.

[wolstencroft] 13/11/2013 07:45

Mixed bag, will keep looking

[sharpshare] 13/11/2013 06:46

Any ideas on what Anchorfree is worth?

[mangal] 12/11/2013 20:25

At last some movement in sp

[skyship] 12/11/2013 16:06

From the Apr'13 Circular:

"The Board and the Manager believe that the portfolio may take in the
region of two years or more to be fully realised but expect that an initial
distribution of cash will occur by the first quarter of 2014. The mechanics and
timing of this distribution will be set out in a separate circular."

[skyship] 12/11/2013 15:58

The NAV of the ordinary 25p shares at 08 November 2013 was as follows:

Including current period revenue 321.07 pence (US513.54c) (includes revenue
reserve losses up to and including 08 November 2013)

The exchange rate at which this was calculated was GBP=US$1.59945

As at 08 November 2013, the Company holds net cash of GBP11.185m, and expects
the proportion to rise following the adoption of the new investment policy
and objective approved by shareholders on 17 April 2013.

=======================================================

That cash now = c64p/share. Time surely approaching for a tender offer...

[skyship] 28/10/2013 17:02

At 237p these are now on a 25.6% NAV discount and 20% of the current mkt cap is in CASH.

Anyone got any update on the portfolio valuations?

===========================================
RENN UNIVERSAL GROWTH INVESTMENT TRUST PLC

The Net Asset Value of the ordinary 25p shares of the Company at 25 October
2013 was as follows:

Including current period revenue 318.64 pence (US515.13c) (includes revenue
reserve losses up to and including 25 October 2013)

The exchange rate at which this was calculated was GBP=US$1.61665

As at 25 October 2013, the Company holds net cash of GBP8.296m, and expects
the proportion to rise following the adoption of the new investment policy
and objective approved by shareholders on 17 April 2013.
===========================================

[hoveite] 21/6/2013 16:04

AnchorFree who account for 33% of RUG's NAV certainly know how to promote themselves. They put out this press release today which claims that they are getting 250,000 new users a day.

[mangal] 18/6/2013 20:53

sp has done zilch over the last year or so but, I suppose, not unexpected as the fund is in liquidation mode. I think eventually value will come through:

"One of the reasons for liquidating the portfolio is to eliminate the
substantial discount to net asset value. While we cannot predict what the
ultimate realised value will be, the Investment Manager believes there is
considerable potential for capital appreciation in the portfolio.
"

[russman] 11/7/2012 20:29

It appears to be "AnchorFree"

[mangal] 11/7/2012 17:12

NAV up ~2.3% & share price up ~6.3%; share price playing catchup with the NAV?

[russman] 01/4/2012 23:14

The price is still at a big discount.

[motw] 25/5/2011 09:15

See what Jim Chanos says re US listed Chinese stocks...

Chanos Misses Out as Chinese Stocks in U.S. Plunge on Accounting Concerns

By Nikolaj Gammeltoft and Whitney Kisling - May 25, 2011 12:51 AM GMT+0100

Jim Chanos, the hedge-fund manager known for predicting Enron Corp.'s 2001 collapse, says he'd short sell Chinese companies listed in the U.S. if it were feasible to borrow shares to open the bearish positions.

The Bloomberg Chinese Reverse Mergers Index has plunged 41 percent since Nov. 8 amid speculation financial statements from companies such as China MediaExpress Holdings Inc. (CCME) can't be trusted. The concern intensified this week after Longtop Financial Technologies Ltd. (LFT), whose initial public offering was underwritten by Goldman Sachs Group Inc. and Deutsche Bank AG, said its auditor quit because of false records.

"Almost all of them have odd looking financial statements," Chanos, the president and founder of New York- based Kynikos Associates LP, said on Bloomberg Television yesterday. "We wish we could borrow almost all of them."
The Securities and Exchange Commission began an investigation last year into the use of reverse takeovers, in which a closely held firm becomes public by purchasing a shell company that already trades. The cost to bet against the stocks is keeping Chanos away.

Renren Inc., a Beijing-based social-networking company that went public in the U.S. earlier this month, is among the most expensive U.S. equities to short. The stock is difficult to borrow with 72 percent of the lendable supply out on loan, according to Data Explorers, a New York-based research firm.

Lendable Supply

Short sellers have borrowed 96 percent of Beijing-based China Shen Zhou Mining & Resources Inc. (SHZ)'s lendable supply, meaning there is almost no equity available for short sellers to bet against. Its shares are also among the most expensive for short-sellers to borrow according to Data Explorers.

China MediaExpress, which began trading in the U.S. following a 2009 reverse takeover, has sunk 92 percent since Jan. 27. It's being delisted from the Nasdaq Stock Market after auditor Deloitte Touche Tohmatsu said that it was "no longer able to rely on the representations of management." China Shen Zhou has declined 59 percent since its Jan. 5 high after its chief financial officer resigned.

Longtop retreated 43 percent between April 4 and May 16, the last time it changed hands before trading was halted.

During yesterday's interview, Chanos said investors concerned that U.S. technology stocks such as LinkedIn Corp. are overvalued should turn their attention to China.

The 53-year-old investor said his "dramatic" bet against Chinese real estate may not be sufficient. While LinkedIn, the first social-media company to go public in the U.S., traded as high as 31 times sales last week, overvaluation is more widespread in China, he said.

A Bubble

"The bubble is really on the other side of the world," he said in New York. "What my team found, they actually came back saying we're not bearish enough," he said. "The signs of overcapacity were even much greater than their last visit, which was late last year, and increasingly the executives that they met with were sounding a little bit more uncomfortable about the current situation."

Chanos said Chinese developers have too much land on their balance sheets, similar to the U.S. before its housing market tumbled. He has been forecasting a Chinese housing crash since last year. China's economy expanded 10.3 percent in 2010 and the country has been aiming to curb climbing house prices.

"If you look at the balance sheets of the developers, you'd be hard-pressed to see how healthy they are because they're all loaded up with land just as our developers were at the top of our market," he said. "We've maintained our pretty much dramatic overweight in our Chinese shorts."

Prices Rise

China's home prices rose in 67 of 70 cities monitored by the government last month. While housing prices slowed in major cities, they increased at a faster pace in smaller ones, according to data on the statistics bureau's website. The Chinese government said this month it will maintain property curbs after it raised the minimum down payment for second-home purchases this year and introduced residential taxes in Shanghai and Chongqing.

China has lifted reserve-ratio requirements for major banks 11 times since January 2010 and raised interest rates four times since October to restrain increases in asset prices, including real estate.

Chanos said in March that a property bubble in China is "as big or bigger than what we saw in the West" when compared with the size of the economy

[motw] 19/5/2011 09:38

JP Morgan comment yesterday

RENN Universal Growth has a strong bias to US-listed small-cap Chinese companies. While the highly differentiated nature of the portfolio makes comparisons with benchmark indices difficult, we note that the Company has struggled to outperform the most relevant index, the Russell 2000 Index (£), during recent years. Over the 5-years to yesterday's close the NAV total return was -5.7%, against a total return of +40.6% from the Russell 2000. Performance against North American Smaller Companies peers (who admittedly have very different strategies to RENN) has also been poor over this period, with the Company currently ranked bottom of the sector over all time periods 6-months to 5-years inclusive.

[huttonr] 16/5/2011 17:32

BB123 - take a look at the 5 year chart and then think again.

[bb123] 16/5/2011 09:41

Any views on this company

[rogerbridge] 12/3/2010 07:55

Bought some of these for my ISA. Very interesting with a lot of Chinese small companies that should benefir from local Asisn demand.Big discount and not well known,yet.

[the bull] 23/2/2010 15:05

I am a premium debenture holder at the Millenium Stadium and try and get to all the matches possible. This year has been dire as I was away for the wales v scotland match and have an eye operation booked this friday of all bl@@dy days.

Therefore I have two tickets virtually on the half way line, near the players tunnel, 13 rows back, some of the best viewing seats available.

If anyones interested, let me know quick and then I'll email and call you with more details. Not looking to profit so £65 each included postage by registered post.

I'll give you my company website so you know who your dealing with.

Regards

Richard

[the bull] 15/2/2010 17:45

Gents/Welshmen

I have two cracking tickets on the halfway line, lower tier near the players tunnel. They are premium debenture seats but I am unable to attend.

£65.00 each secures inc postage

It's gonna be a cracker and I predict a welsh win

[the bull] 15/2/2010 17:44

I think England will come a cropper to France and Tables will look like this

France
Wales
England
Ireland
Scotland
Italy