Share Name Share Symbol Market Type Share ISIN Share Description
Third Poi. $ LSE:TPOU London Ordinary Share GG00B1YQ7219 ORD NPV $
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.025 +0.16% $15.75 $15.70 $15.80 $15.75 $15.75 $15.75 2,886 11:04:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -23.5 0.0 - 777.95

Third Poi. $ Share Discussion Threads

Showing 1 to 17 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
30/7/2018
19:30
Trading in sterling of the U.S. Dollar Shares is expected to take effect from 8:00 am on 27 July 2018. http://uk.advfn.com/p.php?pid=quote&symbol=LSE:TPOs
rambutan2
30/7/2018
19:24
Worth noting: 25th July 2018 Completion of 30th June 2018 Share Conversion and Additional Sterling Quote (Classified Regulated Information, under DTR 6 Annex 1 section 2.3) Following the publication on 25th July 2018 of final month-end net asset values for 30th June 2018 the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 30th June 2018 share conversion date: 1.241194 US Dollar shares for each Sterling share 0.8056798 Sterling shares for each US Dollar share On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be converted: USD 0 shares of no par value into 0 GBP shares GBP 1,553,767 shares of no par value into 1,928,433 USD shares The Company’s Articles of Incorporation provide that whenever a number of shares is converted from one currency class to another, a corresponding number of unlisted B shares shall be converted so as to maintain the set ratio of B shares to ordinary shares. On this basis, the following B shares will be converted: 1,035,860 Sterling B shares of no par value into 1,285,703 US Dollar shares 0 US Dollar B shares of no par value into 0 Sterling B shares Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows: 50,004,787 US Dollar shares; and 0 Sterling shares 33,336,625 Dollar B shares; and 0 Sterling B shares Application has been made to the Financial Conduct Authority (“FCA”) for the 1,928,433 new US Dollar shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange’s main market for listed securities on or around 27th July 2018 The Share conversion took place on 23rd July 2018 The Company announced on 20 June 2018 that in order to simplify its share capital structure, the Company’s ordinary shares denominated in sterling are to be converted into ordinary shares denominated in U.S. dollars to create a share class with a single denomination (“U.S. Dollar Shares”). The Company today announces that is has made an application to the London Stock Exchange for a dual quote structure to be adopted allowing the U.S. Dollar Shares to be quoted in both sterling (the “Sterling Quote”) and US dollars (the “U.S. Dollar Quote”). Trading in sterling of the U.S. Dollar Shares is expected to take effect from 8:00 am on 27 July 2018. As set out in the table below: The existing TPOU ISIN will apply for the U.S. Dollar Quote and the Sterling Quote; The existing SEDOL and TIDM will continue to apply for the U.S. Dollar Quote; A new SEDOL and TIDM will be introduced for the Sterling Quote: U.S. Dollar Quote Sterling Quote ISIN GG00B1YQ7219 GG00B1YQ7219 SEDOL B1YQ721 BD2Z0L4 TIDM TPOU TPOS
rambutan2
31/8/2017
14:08
Picked up a few today as 14.7% disc to NAV too wide for Daniel Loeb's quality.
atholl91
28/2/2014
06:20
Loeb pushes for board seats at Sotheby's: http://www.ft.com/cms/s/0/3e203e30-9fd6-11e3-9c65-00144feab7de.html?siteedition=uk#axzz2uVy7jnBa
jonwig
14/11/2013
07:22
Right on time: 84c, xd 20/11 pay 05/12.
jonwig
13/11/2013
12:13
Yup - 500 only.
jonwig
13/11/2013
11:58
Have you got any shares here jonwig?
praipus
13/11/2013
11:46
FT: Loeb's Third Point takes stake in FedEx By Stephen Foley in New York Dan Loeb, the activist hedge fund manager known for his coruscating attacks on company managers, has taken a stake in FedEx, the $42bn US parcel delivery group. Mr Loeb – whose recent targets have included Sotheby's, Sony and Nokia – disclosed on Tuesday that he had met FedEx's chief executive, Fred Smith, to discuss ways to improve the company's performance. More: Http://www.ft.com/cms/s/0/f198f8cc-4bc5-11e3-8203-00144feabdc0.html#ixzz2kWcTee4h I was expecting a dividend announcement by now - around 80c - 5% of NAV.
jonwig
23/10/2013
07:19
Q3 letter - activist stake in Nokia and return of capital to investors. Further details by month end, I think: Http://www.thirdpointpublic.com/wp-content/uploads/2013/10/Third-Point-Q3-2013-TPOI-Letter.pdf
jonwig
03/10/2013
07:30
Third Point urges Sotheby's chief William Ruprecht to quit: http://www.ft.com/cms/s/0/89a3a788-2b74-11e3-a1b7-00144feab7de.html#axzz2gGfRiA7q
jonwig
29/8/2013
07:18
H1 results this morning, very positive. Includes: I am pleased that the strategic initiatives, introduced by the Board last year to narrow the ongoing discount to NAV, have made a significant impact across each of the share classes and we remain committed to reducing the discount further. As previously announced, given the strong year-to-date performance by the Investment Manager, the Board expects that a dividend of 5% of NAV will be paid to investors in the fourth quarter of 2013, barring any significant adverse changes to NAV Latest NAV was $16.27 suggesting dividend of around $0.80 and yield of 5.4%. Don't know whether dividend will be "standard Guernsey", ie. include a 10% tax credit and no hidden elements. Can't find a prospectus. http://www.investegate.co.uk/third-point-offshore--tpou-/rns/half-yearly-report/201308290700146907M/
jonwig
28/8/2013
08:04
Thanks jonwig, I'm also attempting to track Loeb and others (to some extent) on the HFT thread http://uk.advfn.com/cmn/fbb/thread.php3?id=24404128&from=114
praipus
27/8/2013
18:57
TPOU = USD denomination, TPOG = GBP, TPOE = EUR. You can convert between at certain intervals, and there are also 'B' shares in each class (unlisted). About 95% of shares are USD. There are also 'B' shares in each class. I'll put details into header tomorrow if time. Performs very well when market is flat or rising (eg. up 3.2% this month to date) but could be suspect in a falling market, despite long/short strategy.
jonwig
27/8/2013
17:15
Pardon my ignorance but whats the difference between TPOG and TPOU?
praipus
27/8/2013
16:38
Today: Investor activism has made its way to the art world, with billionaire hedge fund manager Dan Loeb aiming his guns at legendary auction house Sotheby's. The head of Third Point bought more than 5% of the company, disclosing with the SEC on Monday that he plans to go activist and engage management and the board. hxxp://www.forbes.com/sites/afontevecchia/2013/08/26/billionaire-dan-loeb-gets-artsy-third-point-goes-activist-on-sothebys/
jonwig
25/8/2013
09:07
15 August: Activist investor Daniel Loeb's hedge fund, Third Point, has acquired $113.7 million of Disney stock, regulatory filings indicate. Loeb's company, which this summer pressed Sony Corp. to make a public offering of up to 20% of its entertainment arm, owned 1.8 million shares of Disney stock as of June. hxxp://www.latimes.com/entertainment/envelope/cotown/la-et-dan-loeb-buys-disney-stock-20130815,0,5427697.story
jonwig
25/8/2013
09:05
hTTp://www.thirdpointpublic.com/ Third Point Offshore Investors Limited (the "Company") is a closed-ended limited liability investment company, registered and incorporated in Guernsey. Listed on the London Stock Exchange, the Company is a feeder fund and invests all of its capital (net of expenses and short term working capital requirements) in Class E Shares of Third Point Offshore Fund Ltd (the "Master Fund"). The Master Fund's investment objective is to achieve attractive returns by using an event-driven, bottom-up, fundamental approach to evaluate various types of securities throughout companies' capital structures. The Master Fund, Third Point Offshore Fund Ltd, is an exempt company with limited liability incorporated under the laws of the Cayman Islands. The Investment Manager of the Master Fund pursues a research-driven strategy based on fundamental value. The primary focus of the investment effort is to identify "event driven" situations in which a potential event should lead to a significant revaluation, up or down, in a company's securities. Positive potential events could include operational restructurings, recapitalizations, or change in management or sale of a company. Negative potential events could include a liquidity crisis, adverse litigation outcome, or the exposure of accounting or other irregularities. The funds managed by the Investment Manager have the capacity to assume large positions in particular companies, and to influence the affairs of those companies, thereby increasing the likelihood that the envisioned catalyzing event will in fact occur. This investment process has successfully been applied across strategies, industries and geographic regions.
jonwig
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