Theracryf Share Discussion Threads

[pugugly] 20/1/2012 14:11

Hit a 1 year low - So far as i can see 2 lots of charges - Commercial property still trending down - Cannot see any reason to get in (imo etc - Any contrary thoughts ?)

[praipus] 02/8/2011 09:48

This RNS seems to show Weiss reducing? Like us all partial to a quick return?

[edwardt] 02/8/2011 08:59

i think Weiss's stake probably focused the board's attention

[topvest] 01/8/2011 10:51

Yes, very good news indeed. It's all a bit odd that this was announced today when the annual report was received a matter of days ago with no reference. Anyway, I've held these for a while and they should continue to perform well as the Spazio value is realised. This dividend policy should push the share price much closer to NAV imo as the "no income" policy was a negative for people looking to invest here. Happy to hold for the next few years and beyond as they have a sound strategy.

[edwardt] 01/8/2011 09:12

great stuff on the dividend announcement, this should widen those that will consider this..

[praipus] 22/7/2011 12:40

Nice results:


"The difference between the reported TCF NAV of 87.5 pence per share and the underlying "look through" NAV of 165 pence per share gives an indication of the substantial latent value in the portfolio as at the period end. The application of our activist strategy should enable us to close the gap between these two NAV measures over time."

[praipus] 19/7/2011 13:17

Weiss Asset Management buying a few TCF for the portfolio


Track Weiss and Laxey holdings here:

[edwardt] 14/7/2011 14:56

all seems v quiet here - any sign of an update on spazio sale???

[praipus] 07/2/2011 13:41

Just realised TCF/Laxey have 16%+ of EU:NRP I've started a thread.


Also tracking all Laxey holdings in post 1 of the
"Tracking the Arbitrageurs" thread

[colonel a] 28/5/2010 10:15

No.
There will be a return of cash from Spazio soon {next month allegedly} which could form a special divi but I think I'd rather see them do more buy backs as this will help the NAV {a little} but will help the pass through NAV more significantly.
And turning the pass through NAV into cash is the name of the game IMO.

[ydderf] 20/5/2010 13:44

is there a divi?

[ydderf] 15/4/2010 13:22

the reason is lack of clarity - too many messy jv deals with Laxey - who knows what the nav is really?

today's news is a good example, it is all a little too remote from the cash bottom line

[crawford] 15/4/2010 08:58

A fantastic announcement here today, we should be moving much higher.

[crawford] 01/3/2010 14:12

Yes, they're well incentivised though.

[mangal] 01/3/2010 14:09

Well, the laxey comment is very positive:

"We are pleased to see that the Celtic Group have come on board to assist with
the accelerated disposals of the Spazio properties and believe that their
dynamism and wealth of experience in the property sector will add tremendous
value to the process."

[crawford] 01/3/2010 13:55

Any comments on today's announcement?

[crawford] 20/1/2010 12:55

Someone is after shares today.

[nicd] 04/12/2009 21:48

I wish my other shares were like this one, a nice gentle CLIMBing share price

[nicd] 04/12/2009 21:47

I wish my other shares were like this one, a nice gentle CLIMBing share price

[roundup] 04/12/2009 11:22

Many thanks

[crawford] 04/12/2009 10:52

roundup,
the reason for investment here:

As at 30th September, 2009 the "look-through" NAV of TCF has been estimated to be 138 pence which represents a premium of 165% over the closing mark-to-market NAV at that date. The "look through" NAV of TCF's portfolio is calculated with reference to the NAVs of the underlying holdings, as opposed to the mark-to-market NAV which is calculated with reference to the share prices of the underlying holdings. Clearly the investment in Spazio accounts for a significant portion of the difference between the "look through" NAV and the mark-to-market NAV.
Over time, the Investment Manager will seek to capture the gap between the mark-to-market NAV and the "look-through" NAV by the use of a pro-active portfolio management strategy. Whilst investors should expect some further short term falls in the NAV of portfolio companies, the bulk of the downside pressure on NAVs now seems to have passed. Indeed, the Investment Manager has noted that NAVs are, for some UK and European property companies, now actually rising.

[mangal] 04/12/2009 10:14

roundup, do you mean the copy of interim report?
[edit:
If so, it's here
]

[roundup] 04/12/2009 10:05

Do we have to wait until we receive a copy?

[crawford] 25/11/2009 11:01

Offer lapsed.

[crawford] 19/11/2009 16:28

Keif doesn't look so bad.