Tiger Royalties And Inve... Share Discussion Threads

[pote] 27/11/2007 20:23

SKYSHIP...
In post 245, you mentioned trying to pick some stock up at 3.35p.
I purchased £2k worth today at 3.35 (shown as a sell on ADVFN), despite an offer of 3.7.

I believe they still hold 24m shares in Ascent.

Thanks for highlighting TIR

regards
Pote

[skyship] 27/11/2007 08:40

Interesting RNS from River Diamonds today - they now represent 6.2% of the TIR portfolio - assuming we've still got them of course! Actually BR may have upped our stake in the recent placing, so who knows - but assuming no change, I make our current Gross NAV = 6.75p.



Now we just need Ascent to start performing again! Actually they do look rather cheap. The spotlight is elsewhere and the summer's bull position has unravelled, so could be set for a recovery to the 20p level at least.

[skyship] 20/11/2007 14:20

Presumably that 250k seller was someone having to fund losses elsewhere, otherwise why sell @ 3.25p!! Tried to pick up the stock @ 3.35p, but even the MM knew he'd picked up the stock at a worthwhile price as he is asking 3.6p. Nothing doing - left my bid with him for the day.

[witteklip] 20/11/2007 11:36

Time for Bruce to step in and buy some TIR stock - Now 3.5

[skyship] 13/11/2007 09:36

Quite right - & if he hasn't got any good ideas, then at least he should operate the buybacks we approved.

Still, good to see that AST is running again - UP 2.5p today @ 20.25p as I type. That increases our NAV to 7.27p by my model; so someone's small buy today was bang on a 50% NAV discount!

[witteklip] 11/11/2007 21:50

Cash is a good thing but either Rowan should start paying us a dividend or interest if he's going to sit motionless on cash.

I have invested in his ability to buy resource stocks - if he wants to wait for the market to correct before feeding on the bones of the fallen that's fine but then I'd like to get something back in the meantime for borrowing my cash. In the meantime resource stocks have reached for the moon and our cash has sat apparently idle – that was not what I had in mind when I put my trust and money into Tiger.

If our cash is just earning interest then he should at the very least hand that interest back.

[topvest] 11/11/2007 17:27

Who, actually runs this company? Is it Coln Bird or Bruce Rowan or both. To be honest, I've never been very clear. It strikes me as odd that Starvest is so well run from a PR perspective, but Tiger, Gledhow and Sunvest are so poor.

Look at SVE - it has virtually re-invested the Afplats cash in a matter of months. Look at TIR and it can't find any investments. Is that because Colin Bird is a little more choosy?

This company has to be one of the most successful rudderless companies ever!

[skyship] 11/11/2007 12:25

CURT3 - Write to Colin Bird and ask him to please intervene. Interesting to relate that my last letter to Bruce Rowan was (eventually) answered by CB. So, write to CB, but don't expect a rapid response! I'm still waiting for a reply to my last letter of 8th October.

Address:

Mr Colin Bird
TIGER RESOURCE FINANCE
4th Floor
2. Cromwell Place
London SW7 2JE

[metallica] 10/11/2007 15:36

Relax curt3 its an AIM stock and its very illiquid. At least its not Northern Rock:)

[curt3] 10/11/2007 14:11

do something ! buy something ! sell something ! say something ! and if you cant do that BR please at least update the website with latest info andopinion on the portfolio.

[witteklip] 01/11/2007 00:19

SKYSHIP - 29 Oct'07 - 18:22

Very True!

It's risk enough finding management with market savvy and ability so it's a real disappointment to find that, that is not enough.

I don't doubt that B.R. will eventually use the funds to bring in a harvest but in the meantime we appear to be the canny farmer's turkeys. If we get up and leave he keeps the discounted value locked up in his 'pension fund' and if we stay we may yet get stuffed for dinner.

[curt3] 30/10/2007 09:49

Have been a holder for 4 years and originally an excited believer but now bored stiff and disallusioned. simply cannot understand what the strategy is. even when stocks in portfolio perform well there is no upside in our share price and despite all the cash no further investment inthose stocks management so strongly believes in ! website also well out of date and moribund. says it all really.

[skyship] 29/10/2007 18:22

Witteklip: Why take it private? BR is performing that great Market trick of being paid (by other shareholders) to manage his own pension fund. The reality is that, as a 25% shareholder, he should receive no salary and no share options.....his upside is a continuation of the status quo; whereas our upside would be to see the back of him.

[witteklip] 26/10/2007 14:52

patient person (like B.R.) could do nothing by way of announcements or PR but bide their time and buy out any sellers at discount when they become fed up with waiting for activity.

If I had managerial control of this company and access to the the necessary cash I'd definitely consider taking it private. If so, I'd obviously bide my time doing it or face the share price moving sharply upward.

What safer investment can you think of with a potential 100% profit already built in?

[witteklip] 26/10/2007 14:51

A patient person (like B.R.) could do nothing by way of announcements or PR but bide their time and buy out any sellers at discount when they become fed up with waiting for activity.

If I had managerial control of this company and access to the the necessary cash I'd definitely consider taking it private. If so, I'd obviously bide my time doing it or face the share price moving sharply upward.

What safer investment can you think of with a potential 100% profit already built in?

[metallica] 22/10/2007 19:38

has been for years

[nakedshorter] 22/10/2007 12:13

looks a bargain

[nakedshorter] 19/10/2007 17:41

maybe worth a punt..

[sheeneqa] 19/10/2007 16:23

RNS Number:0583G
Tiger Resource Finance PLC
19 October 2007



Tiger Resource Finance plc ('Tiger' or 'the Company')

NAV Update


The unaudited portfolio value (PV) (based on investments and cash only) at 30
September 2007 was 6.26p per ordinary share.

All future reporting will be made on a quarterly basis and accordingly the next
announcement will disclose the portfolio value per share as at 31 December 2007.



For further information please contact:


Bruce Rowan, Chairman Tel: [phone]
Colin Bird, Director Tel: [phone]

[skyship] 11/10/2007 15:47

WAKEY, WAKEY RAJA SAMTANI (Co. Sec.) - You're meant to be giving us the end Qtr NAV!!!!!!!!!!!!!!!!!!!!!!

After last week's good rise in NPE (now 12.25p); it's good to see River Diamond continuing its run - now 2.5p. Suddenly that option over 13.33m @ 1.5p looks rather attractive. Also PAF looking good @ 9.5p. Today's NAV now 6.93p on my spreadsheet.

[skyship] 04/10/2007 14:33

We should be getting an RNS today/tomorrow to advise us of the NAV @ 30/09/2007.

On my spreadsheet today's NAV is 6.86p with our tiddler holding in River Diamonds up c.17%. I assume we may have bt a few more of those in the recent placing.

The only good thing from the Interims was the sale of part of our holding in Franconia. They did at least manage to sell some near the top - 26%of our holding went @ c.$2.90 - the other 74% has since retraced to c.$2.05.

Unfortunately, for no apparent reason, having sold 2m AST @ 18p then another 3m @ 20p, they then sold no more AST as they rose to 32p, made a top formation, then almost inevitably descended back down again!

It is unfortunate that our portfolio is still being ineptly managed. They may sometimes be put onto a good thing like AST, but apparently haven't a clue when to cash-in. Personally I like AST and do believe the story, however surely any responsible managers would diversify a portfolio so reliant on the performance of the one stock. Even after the 41% fall from the recent high AST still accounts for 38.8% of our net worth. Problem is that CASH also accounts for 38.8%.......and Bird & Rowan have had little enough clue what to do with that for the past 3 years!

Oh well - the discount and the AST holding make me hold on here; as I do believe AST could be significantly higher over time. But it is upsetting that the Directors seem to do very little.....& communicate even less!

[metallica] 25/9/2007 18:45

I suppose it could be worse. We could have all bought NRK. The rate its falling it will be the same price as tir:)

[topvest] 20/9/2007 21:34

Yes, it's boring. Bruce Rowan will do something with this though imo and we haven't lost money. Patience required!

[curt3] 20/9/2007 16:43

bored stiff with this one but have held for 4 years. cant understand the lack of info to shareholders. we should be notified thru the web site of updates on portfolio etc.

[kombimatec] 20/9/2007 13:17

Starvest have clearly stated they qualify for the 2 year CGT rate relief so I am assuming TIR do aswell.

My impression is any investment decisions are taken by the board and BR might be the dove and not the hawk.