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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| St Peter Port Capital Limited | SPPC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.40 | 2.40 |
| Top Posts |
|---|
Posted at 31/12/2020 08:42 by chuckol Another triumph of prediction from the troll spectoacc.Me? I predict 0p to 20p.... HA HA penury beckons for ADVFN's most unsuccessful investor. |
Posted at 02/5/2020 10:48 by flyfisher I have owned a few stocks that have not issued a kid or kidd, BCAP being one of them, my broker would accept a sell order, but not a buy. I approached the company to ask why they wouldn't produce a kid and the reply was,'' This is a sophisticated investment unsuited for retail investors''.As we have seen it produces a market where existing retail investors are sell only, with the occasional block bought by high net worth or institutional clients. I would hazard a guess that it only remains AIM listed due to it qualifying for IHT tax relief, which may be of use to some holders. Opex is absurdly high for managing a handful of unquoteds, this is a business that could easily be run from home. |
Posted at 05/7/2019 08:16 by flyfisher Celadon info from OPP annual report.Celadon Mining Origo's 2016 Annual Report valued Celadon at over $20 million and described it thus: Celadon is a China focused coking coal mining and development company. Through its Chinese subsidiaries Celadon owns three coal mines and a substantial exploration area in . . . Heilongjiang Province . . . [and] Chang Tan West which has total reserves and resources of approximately 1.05 billion tonnes in Inner Mongolia Province, northwest China. Origo paid about $13.1 million for an 8.9% stake in Celadon, a privately held company domiciled in BVI. Celadon owns some sort of rights to mine thermal coal in northern China. Celadon has never released cash to its shareholders and has not produced an audited balance sheet in at least the time this Board has been in place. Origo bought its interest in Celadon from another portfolio investor and has no contractual rights to influence the company or protect its investment. This Board meets and communicates with the controlling shareholder periodically. Origo also receives quarterly reports from Celadon's controlling shareholder. These reports seem to indicate that the company is endeavouring to sell itself for a substantial premium to Origo's carrying value. In November 2017, when the Celadon asset was being carried at $9.8 million, OAL presented this Board with the following "exit strategy and monetization plan" for the Celadon asset: In 2015, OAL together with [Celadon's] management, agreed to a) formalize the realization strategy, i.e., a sale of the company's assets and distribution of proceeds to shareholders; and b) implemented a strategic sale process. . .. Celadon's management anticipates that indicative terms may be concluded over the next coming months, which would likely represent the best available estimate of the fair value of the position for FY2017. Subject to the absence of any external shocks, we see limited down/upside (+/- 20%) for today's mark [i.e., $9.8 million]." This statement like a lot of what OAL represented seems unduly optimistic. If the agreement referred to was in writing, we have never seen it, and the controlling shareholder does not seem in the habit of soliciting shareholder advice on how to run Celadon. Celadon's controlling shareholder now says he has entered into an agreement to sell Celadon's asset to an unidentified buyer contingent on that unidentified buyer obtaining financing. This arrangement appears to have been the status quo for some time and besides what the controlling shareholder states in the quarterly reports Origo has no real insight, and limited confidence, in completion. There appear to be permitting issues, possible third-party legal claims in the event a sale is completed, issues regarding whether the unidentified buyer will obtain the requisite financing to complete any transaction, and issues regarding whether and when cash would be released from the BVI holding company in the event of an asset sale. Given these uncertainties, Origo has decided to write this investment down further to $1.129 million. |
Posted at 21/6/2019 12:26 by flyfisher Difficult for the small investor to deal in this as the St Peter Port website states that the company is not planning on publishing a KID as it is not seeking to market its shares.Why is it listed. |
Posted at 08/1/2018 18:19 by flyfisher Brazil potash has a new project presentation on their website. It looks like they are trying to attract new investor interest. |
Posted at 05/1/2018 17:29 by zcaprd7 New regulation being introduced on 1 January 2018 will affect dealing in one of your holdings. The new regulation requires that issuers of certain types of investments (known as 'Packaged Retail Investment and Insurance Products' or 'PRIIPs') must issue a Key Information Document (or KID) if they are available to private investors. Without a KID, private investors will not be able to make any further purchases, although they can continue to hold the PRIIPs they already own. They can also sell at any stage. The issuer of St Peter Port Capital Ltd Ordinary NPV have not confirmed that they intend to publish a KID. |
Posted at 26/10/2016 08:18 by spectoacc They at least seem to be valuing realistically, with comments like:"Stream TV is focused on raising a significant funding round. We understand that there is good interest from institutional-sized investors at a premium to where SPPC has marked its holding. Nevertheless, until a fund-raise has definitively taken place, SPPC is maintaining its holding value of this position unchanged. " Is going to take an actual exit of one of the top 5 to move the s/p, and that doesn't sound particularly close. |
Posted at 08/12/2014 12:24 by mach100 I think they have a lot of explaining to do FP to long suffering investors. I had been hoping they would monetise some of their assets but couldn't stay holding as I watched the share price plummet. Their reporting is kind of random so might be 5, 10, 15 days.It is hard to see what would be in the report that would spur on SPPC. I don't know how much cash they hold that they could return. |
Posted at 27/11/2014 09:46 by mach100 Getting close to my stop loss now. The share price is really ugly at this stage. Not surprised, given the dearth of news. And further downward movement and I am out I am afraid. I have lost patience and I guess the fact that they can't be bothered to speak to investors probably says it all. A huge discount to NAV but seems uninvestable. |
Posted at 31/3/2011 08:48 by tullynessle Celadon Mining appears in SPPC's "List of Investments" published in the RNS dated 22 July, 2010. Not sure how the Origo investment reported today impacts the valuation of Celadon, (and in monetary terms the value of SPPC's holding). The RNS provides interesting details about Celadon's assets and projects. Link 1 Acquisition of stake in Celadon Mining Ltd RNS Number : 9458D Origo Partners PLC 31 March 2011 31 March 2011 Acquisition of stake in Celadon Mining Ltd Origo Partners plc ("Origo") is pleased to announce the acquisition of a 9.7 percent equity stake, in Celadon Mining Ltd ("Celadon"), a Chinese focused coal exploration and mining company, for a consideration of approximately GBP8.0 million. Celadon, through its Chinese subsidiaries, owns four Chinese coal properties in the eastern sector of the Qitaihe coal-bearing basin in Heilongjiang Province, northeast China, which include one sizeable exploration concession (39km(2) ) and three mining concessions. The total resource base of these concessions is estimated to be 260 million tonnes (according to Chinese classification) distributed over 25 coal seams discovered to date, comprising a mix of high ranked coal including PCI and meager coal. Based on previous and ongoing technical review work undertaken by international mining consultants, Origo estimates that a mineable resource in the region of 100 million tonnes could be achievable, but is not confirmed at this point. Celadon produced small amounts of coal in 2010 and plans to expand production to over 1 million tonnes per annum over the next 3 years, which will be substantially funded by existing operational cashflow. For the year ended 31 December 2010, Celadon's unaudited revenue and profit after tax were approximately GBP2.4 million and GBP4.8 million respectively, with a non-recurrent gain of GBP5.9 million arising from the disposal of other mining rights during the year. Celadon's current cash balance is approximately GBP66.9 million. The main project area is located within the Boli area of the Qitaihe basin (one of the largest anthracite bases in China), approximately 80km east-northeast of the city of Qitaihe. The transport system around the Boli coal mining area is well developed, and includes access to a provincial highway (at 13km distance) and a regional rail network (at 40km distance). The majority of the coke from the Qitaihe coal basin is transported to steel producers across northeast China by railway. Coking coal is also transported to the Russian port of Suifenhe and exported to Japan and Korea. Upon completion of the transaction, Origo will hold a 9.7 percent equity interest in Celadon, representing the largest holding in the business, excluding that of the founding shareholder and his affiliated entities. Other shareholders in Celadon include regional and international institutional investors. Origo acquired the stake in Celadon from various funds investment managed by GLG Partners LP. The directors of Origo consider, having consulted with Liberum Capital, its Nominated Adviser and Broker, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Commenting on the announcement, Chris Rynning, Chief Executive of Origo, said: "We're delighted to have acquired a significant stake in a fast growing producer of high quality coal at an attractive valuation. Celadon Mining should become a significant producer of high grade coal within the next three years and is well positioned to supply growing Chinese demand for coal given the proximity of its concessions to existing infrastructure. We look forward to working with Celadon to deliver their ambitious growth programme over the next few years." RNS Continues.... Link 2 From SPPC Final Results dated 22 July, 2010. Celadon Mining Ltd GBP3.7m subscription in two tranches Chinese Government backed company which has acquired major coking coal mines in NE China. |
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