Share Name Share Symbol Market Type Share ISIN Share Description
Scotgems Plc LSE:SGEM London Ordinary Share GB00BYT25542 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 58.25 57.00 59.50 58.50 58.25 58.50 280,480 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.0 0.2 0.3 176.5 31

Scotgems Share Discussion Threads

Chat Pages: 1
DateSubjectAuthorDiscuss
11/2/2020
17:35
1607 Capital Partners now appears on the register 0% - 5.47%. They have a record of buying into discounts. Mops up lots of stale sellers here.
steve3sandal
01/2/2020
23:02
Interesting that the NAV was only down circa a Penny last week when all around EM was getting sharply marked down, sold, dumped. Well it felt like that to me who has just loaded up on EM but it’s clearly not happened here so well done those of you hoovering up in Nov Dec. It might say something about a small China position, illiquidity of small caps (realising cash quickly means selling large caps), or it might indeed the quality of the holdings. I’m now inclined to go back in here for value, discount, or strategic change, but I suspect we have at least another week or 2 before the hoped for tailing off in coronavirus numbers so I’ll hold off for now.
steve3sandal
01/2/2020
22:23
For ref: hTtps://www.scotgems.com/shareholder-information/ And latest fact sheet: htTps://www.scotgems.com/content/dam/scotgems/globalassets/scotgems/factsheets/december-2019-factsheet.pdf
rambutan2
03/1/2020
15:18
Might be setting up for some Upside here imv. Eye watering NAV discount.
essentialinvestor
29/12/2019
23:01
Yes I agree, which is one of the reasons the current discount to NAV may be interesting. The majority of what they hold looks liquid, would guesstimate a wind up would be pretty straightforward. Angus Tulloch may see value given his recent buy. From memory he holds Over 1.3 Million shares in SGEM. There are no borrowings here. Good fortune with your holdings.
essentialinvestor
29/12/2019
22:41
EI thank you for the reminder via Alerts. Note the managerial upheaval, but yet might be looking more interesting now. I have recently loaded up on Templeton EM at 10/11% discounts for large caps, one of my better market timings. I will do some work. I know this one is a particularly patient game but if they don’t start to grow NAV in 2020 I think they will have to offer a wind up vote.
steve3sandal
29/12/2019
17:38
Notice Tom Prew is the new lead manager. Angus Tulloch recently bought another 100,000 shares, he's invested over £1 million in SGEM. Might be an interesting contra Buy point. Near a 20% discount to NAV.
essentialinvestor
11/7/2019
16:59
I don't doubt they are careful stewards but in current markets there is very little interest in small companies in frontier markets. Despite their careful stewardship, NAV is flat after costs, who are the marginal buyers of the Trust and what is the liquidity of their holdings? (rhetorical). Would you agree that if it got to 25% the Board would have to think about doing something. At such a large discount I can't think that buybacks would work, a tender at NAV - 2%, or regular redemption option are sometimes proposed but this is too small to continue on that basis. Regrettable but the pool they are fishing in is not currently interesting investors.
steve3sandal
11/7/2019
15:00
Hi Steve. Is your view it may be worth considering again if the NAV discount continues to widen?.
essentialinvestor
11/7/2019
14:46
This just hasn’t worked out, .....yet. Though I suspect it’s one of those that Keynes ? suggested can stay ‘ not worked out ‘ longer than one can stay solvent, or something like that. Great team here, Stewart Ivory who’ve made investors money with Pacific Assets Trust. I hold PAC. On the back of that record I did buy at IPO but they are investing cautiously in a falling market so whilst they’ve done quite well at NAV after charges the discount has killed shareholder returns. I moved on some time ago when I realised. They need to deliver shareholder returns and until they do that the discount will prevail as you say. Too small to do buybacks. I think this might just quietly liquidate in time and regrettably that’s the opportunity I see.
steve3sandal
11/7/2019
14:13
Are these of interest to anyone ? - discount possibly going to widen further?. Steep charges and no dividend.
essentialinvestor
08/4/2019
10:21
It was 5p in 1989 🙈
jackson83
08/4/2019
10:20
I hold this from 11p back in 1993 and I sold my IPO after listing at a profit luckey as its heading to a new low now .. Great for Shorters over the last few weeks .. I will rebuy at 50p and see how it goes .. Further to fall now folks .. Overvalue
jackson83
05/2/2019
12:38
Well we had a pull pullback for markets and now a bounce I don't see much in the way of NAV progession?. Surprised the discount is not wider, particularly given no dividend.
essentialinvestor
08/2/2018
21:02
Current mkt correction/slump makes this is a good time to have 65% in cash if it's spent wisely.
grim
08/2/2018
21:02
double glich
grim
Chat Pages: 1
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