SVG Capital Share Discussion Threads

[boram] 09/3/2003 14:34

Interims are out on Tuesday 11th, the graph looks good, do you think that there results will be.

[balmoral] 22/11/2002 11:49

Nice deal for the Schroder Ventures guys - 5 times their money in 20 months - hard to beat!



LONDON (AFX) - Retailer GUS PLC said it is buying the DIY chain Homebase for
900 mln stg.
The news came alongside better-than-expected first-half results.
The purchase of Homebase, which is to become part of GUS' Argos retail
division, represents a major diversification into furniture and homewares for
the group.
"For the last three years, we have been repositioning our portfolio of
businesses to focus on growth," said chief executive John Peace.
"The acquisition is a further example of our determination to create
shareholder value. With our experience of revitalising Argos and integrating
major businesses, the Argos management team is well-equipped to drive Homebase's
future growth and development."
The acquisition is expected to be immediately earnings enhancing and to
generate a post-tax return in excess of GUS' cost of capital, about 7 pct, in
its first full financial year.
Today's sale represents a tidy profit for Permira, which bought 71 pct of
Homebase for 700 mln stg from J Sainsbury PLC last year.
In a separate statement, Schroder Ventures International Investment Trust
PLC, which invests in the Permira fund, said its net cash consideration from
this realisation will be approximately 95 mln stg, representing a premium of
approximately 58 mln to the June 30 2002 valuation. This gain will add
approximately 57 pence to Schroder's net asset value per share.
The supermarket group will receive 139 mln stg for its remaining stake.
Turning to the financials, pretax profit before exceptional items and
goodwill amortisation for the six months ended Sept was 247 mln stg, compared
with 206 mln a year earlier and a market range of 230-236 mln.
Turnover was up around 6 pct at 3.03 bln stg. In that, Argos' sales were up
7 pct and profit ahead 14 pct.
The company's Experian credit checking arm saw its sales rise 6 pct and
profit by 10 pct, while Burberry, the recently floated fashion label, saw its
turnover advance advance 16 pct while its profits were up 16 pct.
The company made a net 139 mln stg from the Burberry IPO.
"We continue to view the outlook for the second half with confidence, while
remaining mindful of the potential impact of economic and political
uncertainty," Peace said.

[rambutan2] 05/9/2002 10:24

Top results this morning as expected.
Schroder Ventures are a very classy act and its their own money theyve got in this.
A long-term winnner.
Here are the headlines:

The Board of Schroder Ventures International Investment Trust plc ("SVIIT")
today announces its unaudited preliminary results for the full year ended 30
June 2002.

Highlights include:

* NAV per share increased by 1.5% to 413.7p (June 2001: 407.6p).
* Recapitalisation of Homebase, returning #14 million of SVIIT's #20
million original cost.
* Write-up of Homebase to #36.8 million from a remaining attributable
cost of #6 million.
* Partial realisation of Japanese property management group Xymax at a
34.3% premium to June 2001 value.
* Compound growth rate in NAV per share of 16.9% per annum over five
years.

John McLachlan, Chairman of SVIIT, commented:

"Against the current market and economic background, SVIIT has shown a further
robust performance. A combination of a strong portfolio of companies, which are
performing well in a difficult economic and business climate, and positive
foreign exchange movements, particularly in the latter half of the year, has
resulted in an increase in net assets of 1.5%.

SVIIT's long-term performance continues to be very solid; over the last five
years the compound growth of the net asset value per share has been 16.9% per
annum, out-performing key quoted competitors and relative stock market indices."

get the rest on the thread below.

[balmoral] 07/3/2002 14:15

not really following this share but remember Schroders quoted managers have nothing to do with investing strategy at SVIT.

I believe exposure to tech sector which is causing large write-downs in some of the private equity portfolios is relatively limited in SVIT's case with the bulk of the funds invested in the buy-out business. On the other hand I do not know how the portfolio has performed and maybe emerging market exposure may be more of a problem.

Also PE is not as important in an investment trust which is trying to grow asset value over time.

[balmoral] 07/3/2002 14:11

not really following this share but remember Schroders quoted managers have nothing to do with investing strategy at SVIT.

I believe exposure to tech sector which is causing large write-downs in some of the private equity portfolios is relatively limited in SVIT's case with the bulk of the funds invested in the buy-out business. On the other hand I do not know how the portfolio has performed and maybe emerging market exposure may be more of a problem.

[matthewa] 07/3/2002 13:55

pommy - I think DOW is going to test record highs which means all stocks even the dregs like this will be pulled up.

[pommy] 07/3/2002 13:53

why have you covered this short, surely the results will show theyve lost more than the drop in the share price indicates

[matthewa] 07/3/2002 13:43

Covered 50% of SVI short @ 3.08 for 34 pts.

[matthewa] 07/3/2002 13:43

Covered 50% of SVI short @ 3.08 for 34 pts.

Indieman - you have mail.

[indieman] 18/2/2002 13:54

Matthewa,
Urgent-
Please contact me at [e-mail] (my cut-out e-mail address) BEFORE responding to Ainsoph on the Telewest Will Recover thread. I think you are being set up.

Indieman

[m.t.glass] 13/2/2002 16:48

Which comes within the current quarter for any longterm s/bets of course..

I notice that MM price changes since this morning's 250,000 trade have all been downwards.

[matthewa] 13/2/2002 16:41

RNS Number:4294R
Schroder Ventures Intl Inv Tst PLC
13 February 2002



For immediate release 13 February 2002



Schroder Ventures International Investment Trust plc

Forthcoming Interim Results



Schroder Ventures International Investment Trust plc will announce interim
results for the six months ended 31 December 2001 on Tuesday, 12 March 2002.



For further information, please contact:

Emily Morris / Annabel O'Connor

GCI Financial

Tel: [phone]

[matthewa] 13/2/2002 16:41

RNS Number:4294R
Schroder Ventures Intl Inv Tst PLC
13 February 2002



For immediate release 13 February 2002



Schroder Ventures International Investment Trust plc

Forthcoming Interim Results



Schroder Ventures International Investment Trust plc will announce interim
results for the six months ended 31 December 2001 on Tuesday, 12 March 2002.



For further information, please contact:

Emily Morris / Annabel O'Connor

GCI Financial

Tel: [phone]

[dodddy] 13/2/2002 14:02

me too, im begining to think mt glass and doddy r one and the same. spooky :)

[lodger] 13/2/2002 09:07

MTG - not before I did :-)))

[m.t.glass] 13/2/2002 08:51

Shorted this morning.

[m.t.glass] 13/2/2002 08:50

Shorted this morning.

[matthewa] 05/2/2002 09:16

FAllen back thru ceiling. Chartists will all short this tommorow.
III looks technically oversold - nice pair trade Long II short SVI.

[matthewa] 05/2/2002 09:15

FAllen back thru ceiling. Chartists will all short this tommorow.
III looks technically oversold - nice pair trade Long II short SVI.

[matthewa] 31/1/2002 00:04

Falling as we speak....

[matthewa] 31/1/2002 00:03

Falling as we speak....

[matthewa] 31/1/2002 00:02

This little IT on a very racey p/e of 130 has surprisingly held up very well compared to its peers such as III et al. Schroders investing record over the last 2 years has been close to appalling. I should know I own some of their IT's. THis is no different. Over the next 6 months I see a torrid time for the VC industry as they simply cannot list their investments. II has taken a real hammering recently.
SHort @ 3.42 - no target on this dog.

[matthewa] 31/1/2002 00:01

This little IT on a very racey p/e of 130 has surprisingly held up very well compared to its peers such as III et al. Schroders investing record over the last 2 years has been close to appalling. I should know I own some of their IT's. THis is no different. Over the next 6 months I see a torrid time for the VC industry as they simply cannot list their investments. II has taken a real hammering recently.
SHort @ 3.42 - no target on this dog.

[matthewa] 30/1/2002 14:07

ducatimin - Yes now that GNI now offers CPW market depth I can trade it!

[ducatiman] 30/1/2002 14:00

certainly looks way overv valued, thanks matthewa. cpw looking weak again.