Sutton Harbour Share Discussion Threads

[netcurtains] 06/7/2021 10:22

LivewirePlus: I might not be a big investor but I do like shares with good NAV to share price in businesses that I understand and look good.
(speculative)
Cheers Net.

[kooba] 06/7/2021 09:59

If anyone is interested in what i personally think is an interesting play off the radar and at a significant discount to assets then cast your eye over thalassa (THAL) , results out recently and i make it a 57% discount to assets. Do your own research i am a holder.

[livewireplus] 06/7/2021 09:23

10,000 shares I presume you bought ... ? :-)

[netcurtains] 06/7/2021 09:16

I bought.
NAV position looks good.
Thanks for hi-lighting the share.

[livewireplus] 06/7/2021 08:52

Just woken up ....I meant 100 - 62 = 38%So discount 38% :-)

[livewireplus] 06/7/2021 08:51

How to Find the Percent of Share Price to Net Asset ValuehTtps://finance.zacks.com/percent-share-price-net-asset-value-1260.html

[livewireplus] 06/7/2021 08:50

You forgot the second part if doing the calculation that way:Subtract the percentage from 100 percent.So 100 - 62 = 32%As far as I can see the discount is indeed 32% doing the calculation either way !

[solarno lopez] 06/7/2021 08:40

Divide the fund's share price by its NAV. ... ( website definition )


25/40 = 62%


Anyone else proffer a calculation please either in support or otherwise

[kooba] 06/7/2021 08:14

Well you take the asset value and work the discount from that ..that is how you work out a discount to asset value. You are working on a premium to share price. So you could say the asset are at a 62% premium to the share price. Just that nobody does that.So nav is 40.6p take off share price 25p and you get 15.6p then divide by the asset value of 40.6p and you get 38.4% discount to nav.Right time to take the kids to school.

[solarno lopez] 06/7/2021 08:06

How are you calculating the discount 25/40 = 62% ?

[kooba] 06/7/2021 08:01

Quick point nav per share 40.6p share price 25p i make that 38% discount to asset value.The open offer will dilute assets but will hopefully enable the company to progress developments.Quick calculation post open offer.Shares in issue 116m net assets £47.2m = 40.6p per sharePost open offer if fully subscribedShares in issue 130m net assets £50.5m (incl costs) = 39p per share.So mildly dilutive and the majority holder retains strong grip of the register. Good news is that the company may actually start to get things moving and start to monetise assets.

[solarno lopez] 06/7/2021 07:42

Starting to look interesting with positive results and a share price some 60% yes 60% below asset value.

Worth taking up the placing shares at these levels which I will do

[solarno lopez] 03/6/2021 08:49

Moving the right way

[solarno lopez] 05/5/2021 07:42

makes sense Hastings with Sutton Harbours marina and coast line profile everyone is desperate to get out and about

[hastings] 04/5/2021 18:05

Could be set for a busy summer!

[solarno lopez] 04/5/2021 16:25

and still ticking up

[strollingmolby] 15/4/2021 15:09

Thanks for the link to your write-up, Martin - very interesting. They certainly have key development locations around the harbour and the airport up at Roborough, but they need to get on and develop in order for the share price to respond. Perhaps there is some planning news coming on that front...

[kooba] 15/4/2021 13:20

Thanks for sharing..it is indeed an interesting play but the controlling shareholding and spread had somewhat put me off..certainly looks like something afoot.

[hastings] 15/4/2021 13:04

I suspect it is something else! I wrote on this a few weeks back below for interest.https://martinflitton1.wixsite.com/privatepunter/post/could-sutton-harbour-raise-the-anchor-08-04-21

[strollingmolby] 15/4/2021 12:34

Is this a very delayed reaction to the freeport news - or something else...?

[solarno lopez] 15/4/2021 12:09

well, well, well movement at last

[livewireplus] 22/12/2020 15:46

Indeed ... thought you did (2 residential) ... but thought I'd float it by you :-)

[solarno lopez] 22/12/2020 12:23

The two residential developments

[livewireplus] 21/12/2020 12:09

.... do you mean the two residential developments or the event pontoons ... ? :-)

[solarno lopez] 21/12/2020 11:54

Good to see they are stretching their offering to something other than marinas !