Terra Catalyst Share Discussion Threads

[praipus] 11/9/2014 21:12

Correction I meant: will we see the theoretical NAV rise 12.42p after redemption?

[praipus] 11/9/2014 14:07

NAV £2.01 x 1,000 shares = £2,010

Redeem 119 at £1.09 = Cash £129.71

Remaining 881 shares at £2.01 = £1,770.81 + Cash £129.71 = £1,900.521

Difference £109.48 presumably this accrues to the remaining NAV?

So will we see the share price rise by 12.42p after redemption?

[praipus] 11/9/2014 09:36

hi rjmahan, a question

If the NAV is really £2 why are they only redeeming £1 per share?

[rjmahan] 10/9/2014 23:37

Glad I held mine - always think when they redeem - should buy more but never do - spread is too big now...

[topvest] 22/8/2014 19:13

The valuation of the underlying properties hasn't really changed. It's just how they have accounted for the investment. A big discount is warranted as they can't sell the Italian properties and they don't generate much cash. At least they sorted the tax issue. Must be quite a de-listing risk though in my view, so be careful if you wish to get out anytime soon. I still have a few Value Catalyst and that's been a slow and declining value scenario.

[praipus] 22/8/2014 19:02

See what you mean they went up but didn't have the discount:)

[edwardt] 22/8/2014 15:10

well worth the wait - glad i hang around. interesting also to note, despite the enormous rise in the share price, the discount has actually widened out! i can not say that has happened to me before!

[topvest] 11/7/2013 12:45

Yes, not impressed at all by Laxey. They moan about other organisations, but they should look at themselves. This vehicle has been a disaster, but they have increased their investment management fee from £364k to £862k in the year - what exactly do they manage...nothing much!? Director fees are £164k. Disgraceful!

Value Catalyst Fund is much the same. A very slow liquidation, but Laxey still take too much.

I will avoid Laxey Partners in the future!

And they are happy to run campaigns against Alliance Trust - they have to be joking!

[edwardt] 26/3/2013 16:59

all quiet here - any views??

[edwardt] 08/1/2013 16:24

went back in on discount widening out post cash distribution. Obviously hugely linked to tax ruling on spazio and may be subject to delisting risk etc. all in , i think it is worth a punt..

[praipus] 08/1/2013 16:04

Also surprised we havent seen an "ex-divi" dip. Edit ok guess we wont see one due to the nature of the return.

[praipus] 08/1/2013 15:24

Ok can see its on its way. What was your rationale for reinvesting?

[edwardt] 08/1/2013 15:02

declared yesterday.

[praipus] 08/1/2013 14:42

Hi Edwardt, I havent been paying attention here, when did you get your cash back?

[edwardt] 08/1/2013 14:38

well i have recycled my cash back in - glutton for punishment!

[edwardt] 20/12/2012 12:16

anyone got any views on rns? i must say the spazio issue is a tad complicated?

[edwardt] 07/12/2012 09:36

don't disagree but it has been a good ride for those brave enough to get involved over the last 6 months. I suspect that the 50p is partially to do with tax and the spazio situation.

[topvest] 07/12/2012 09:16

50p a share is pretty poor versus NAV. Everything about this company disappoints!

[edwardt] 02/11/2012 10:26

it has certainly caught someone's attention. share price showing some momentum now.

[edwardt] 01/11/2012 13:50

i came to that conclusion. I assume they can not sue me for back taxes beyond my equity stake - hence my view is that the trust is ascribing no value to spazio if one assumes they can liquidate the rest. Anyone disagree? My understanding on spazio the risk of being wiped could be there given debt invovled....