Standard Life Share Discussion Threads

[rjmahan] 05/9/2019 20:49

Why not ALF ?

Where is the potential in PVCS ? Looked fairly valued to me given uncertainty.

[flyfisher] 05/9/2019 07:32

ELTA, SPPC, RDL, BCAP, ALF, are all winding down, and PVCS probably is.

Having looked at them all i see potential in PVCS.

[hpcg] 30/6/2019 16:21

I have kept my LEAF rebuys, meaning reinvestment after the most recent capital return. I wasn't tempted to sell on the recent rise as I presumed that someone looking at the situation carefully was fairly certain of the result. In hindsight I should have bought more, but that would have violated the zero risk value they were purchased for. Sky, as you say, frustrating there haven't been more opportunities recently.

[tiltonboy] 30/6/2019 12:57

Sold my LEAF at 30p...d'oh...

LSR was at the low end of acceptable, but given the circumstances it could have been worse.

I wonder if MVI could become a liquidation play. Invesco will hopefully prefer cash returns.

[skyship] 30/6/2019 07:44

Rather bizarrely nothing in the way of new liquidation opportunities recently.

Glad to see that Tilts will be getting his 30p back in LSR; and bravo anyone who was holding LEAF.

Due to the disappointing NAV performance I've halved my JPEL @ 145c - seems rather to have fallen asleep; so having said that, hopefully we will see another distribution announced this coming week!

[rjmahan] 29/6/2019 23:12

Not quite self liquidation but a fund which is liquidating companies in Japan - in essence.
This post may be of interest...

[markstevenkirby80] 22/2/2019 19:33

On it like a car bonit

[tiltonboy] 01/11/2018 19:44

Picked up a small number at 30p today

[skyship] 01/11/2018 17:21

Looks like the last stages of the LSR liquidation. Could be worth taking a few on board on a dull day, though not a lot in it:

[rjmahan] 02/10/2018 12:46

Tilton - yes I know its my blog!

They have been in liquidation for a couple of years but I think things are coming to the point where they will hopefully start moving.

[skyship] 02/10/2018 07:23

Thnx pvb...sure I no longer hold, but that was an error!

[pvb] 01/10/2018 20:53

You may no longer be interested but Dunedin is making another return of capital:

[skyship] 01/10/2018 17:16

Header - added DCI & removed a few others delisted

[tiltonboy] 01/10/2018 11:53

Just noticed...it's your blog!!!

[tiltonboy] 01/10/2018 11:51

They have been in liquidation mode for a couple of years.

Kilada Hills, Aristo, and to a lesser extent Kea Island are key to the outcome.

The company expect to see significant value arise during the development of Kilada, which would be accretive to NAV, but they have hardly got a good track record.

Even if they only deliver 50% of the current NAV, it would be a 50% increase in the current share price.

Mind the fees, however!

[rjmahan] 01/10/2018 11:44

DCI appears to be liquidating - could be good upside / low risk.

[kalkulacka] 26/6/2018 13:13

AXA/APT RNS:
RNS: On 21st June 2018 the Board unanimously agreed that it is in the best interests
of the Company and its Shareholders to wind up the Company voluntarily in
accordance with the Companies Law, appoint Linda Johnson and Ashley Paxton of
KPMG Channel Islands Limited as Liquidators, and to cancel the admission of its
shares to the Official List of the UK Listing Authority and to trading on the
London Stock Exchange.

[yieldsearch] 17/4/2018 09:21

Skyship: you saw CCSL? seems to be liquidating overtime

[hugepants] 18/2/2018 15:15

You're right Rob on Senado square. LTV is about 15% but that's still 80p net which can be distributed to shareholders. That greatly protects the downside for me and there is quite a bit of upside over NAV if they can realise similar premiums to book value on the other properties, although I'm not assuming so.

[eeza] 17/2/2018 11:37

o/t

But an interesting account of Warren Buffett's investments.

[skyship] 17/2/2018 11:18

Nor me - there are many like that, especially in India & China it would seem.

Personally I believe there to be a distinct possibility that due to poor transparency, debateable valuations and "uncertain corporate governance", many foreign registered plays will prove to be long-term value traps.

Would be very interested to hear of some in USA & Canada; but suspect that the wider retail ownership there may preclude the valuation anomalies that sometimes present themselves here in the UK.

[rjmahan] 16/2/2018 21:34

I looked at it - NAV is say 30-40% below what you could get - but there is leverage and the property is valued at low cap rate.

In AR debt is associated with senado square so not all will be returned.

Not one for me - probably will be OK but can imagine in any sort of slowdown this will be hit hard.

[hugepants] 15/2/2018 07:36

Anyone looked at Macau Property Fund? It's currently in windup mode. They announced contracts to sell their largest property at 15% above book value a couple of weeks ago.



Last NAV was 250p, current share price is 190p. This property being sold is worth 50% of the market cap. They say will proceeds of the sale to shareholders.

[rjmahan] 18/11/2017 22:06

manfrommoyse - On TJI continuing I doubt it, they said they would return some of the cash and remain listed, so if they wanted to continue this would be how it could happen...

It does seem odd - apparently when you wind a dubai based company up that's how you do it...

[manfrommoyse] 18/11/2017 15:02

Sorry, ticker confusion!
LMS (decided to invest in Gresham Strategic0
Looking forward to LSR
TX for pointing out error