Tiger Royalties And Inve... Share Discussion Threads

[thx1138] 20/5/2009 13:41

Just picked some up at 2.1p, surely a buy at these levels?

[alanji] 08/5/2009 15:05

curt3 - the rest of us came to that conclusion some time ago - the trouble is he is not managing it very well. Or at all!!

[curt3] 08/5/2009 12:12

When will management wake up and update website ??? I mean with only a couple of transaction per year you would think that they could keep basic info on their portfolio up to date. But no no no , it still shows investment in River Diamonds !!! although that is now Vatoukola Gold . And last nav showing is Sept 08 !!! I think that this is showing utter contempt for us shareholders. I have been a holder for 5 years and have come to the conclusion that this vehicle is simply a private pension fund for Mr Rowan.

[jester jim] 07/4/2009 09:44

picked up a few more

[tiltonboy] 03/4/2009 11:13

lol.

I'm off to the pub!!!

[jester jim] 03/4/2009 11:11

yep, I'll let you have that Tilton, I'm off to the opticians

[tiltonboy] 03/4/2009 11:00

jim,

Come on, admit you were wrong.

tiltonboy

[aporime] 03/4/2009 10:51

Why don't these net asset statements get released on RNS? I can't find it on InvestEgate - what am I missing?

[tiltonboy] 03/4/2009 10:10

jim,

I think you are struggling to understand basic English.

The unaudited portfolio value (PV) (based on investments and cash only) at 31
March 2009 was 3.01p per ordinary share.

tiltonboy

[jester jim] 03/4/2009 10:05

or am I wrong? don't think so?

[jester jim] 03/4/2009 10:04

correction - portfolio value is 3p + cash of 2p = 5p

[tiltonboy] 03/4/2009 09:58

The cash is part of the NAV which is 3p.

[jester jim] 03/4/2009 09:39

3p NAV + 2p Cash = 5p/share 70% discount to today's price

[tiltonboy] 03/4/2009 09:35

jim,

What are you talking about?

tiltonboy

[jester jim] 03/4/2009 09:24

with cash = 5p/share (!)

[jester jim] 03/4/2009 09:24

NAV update (Tiger Resource Fin)



TIDMTIR

RNS Number : 0862Q
Tiger Resource Finance PLC
03 April 2009

?






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


NAV Update


The unaudited portfolio value (PV) (based on investments and cash only) at 31
March 2009 was 3.01p 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 30 June 2009.




For further information please contact:

+-----------------------+--------------------------+
| Bruce Rowan, Chairman | Tel: [phone] |
| | 3997 |
+-----------------------+--------------------------+
| Colin Bird, Director | Tel: [phone] |
| | 4477 |
+-----------------------+--------------------------+





This information is provided by RNS
The company news service from the London Stock Exchange
END

NAVEAXLDESNNEEE

[witteklip] 31/3/2009 19:46

Update Re: Tiger Investor's direct action:

We now have support from 4.415% of the 202,071,939 Ordinary Shares in Issue: And of the 172,571,939 shares (excluding Treasury shares) with a vote we have 5.17%

With regard to our objectives and a collective strategy I would like to start pooling any specific points or ideas anyone might want represented so that we can include these in our proposal (and debate them if we're not all in agreement.). So, if you have a moment spare and have the inspiration then please email me anything that comes to mind.

Anyone who is interested in getting involved please write to [e-mail]

[witteklip] 26/3/2009 14:49

up to date cash position unknown.

According to advfn today

Cash PS 2.08 p
Net Cash PS 1.91 p
Net Tangible Asset Value PS * 4.80 p
Net Asset Value PS 4.80 p
Spread 0.05 (3.12%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

[themoneymonster2] 26/3/2009 13:14

What's the cash position here, where do i find it? Cheers

[witteklip] 23/3/2009 17:03

SKYSHIP - 20 Mar'09 - 14:27 - 1189

Thank you.

[curt3] 23/3/2009 10:45

moribund is the correct word and gross inactivity over last 2-3 years cannot be condoned. Cash pile has been there for several years, surely long enough to carry out assessment on prospective investments. The failure to realise some of the massive profits on Ascent when 30p and Franconia when 10p ? is hard to swallow. Yes, some small profits were realised on these two, but nowhere near enough. The company strategy is fine if we all live to be 100 !!

[topvest] 22/3/2009 12:42

They are higher than I would like, but lets see what the 2008 accounts look like first.

[witteklip] 22/3/2009 11:39

topvest - 20 Mar'09 - 20:03 - 1190

What is your view on their overheads?

[topvest] 20/3/2009 20:03

Interesting - thanks for posting. I still give them the benefit of the doubt, but they certainly haven't achieved much in the last couple of years. On second thoughts, their inactivity has actually preserved shareholder value compared to many other investment companies that lost all their money invsting 2/3 years ago.

[skyship] 20/3/2009 14:27

Witteklip - herewith copy of that letter from CB I referred to:

===========================================================
From: Tiger Resource Finance PLC
4th Floor
2 Cromwell Place
London SW7 2JE


25th September 2007

Dear.....

Re: Tiger Resource Finance Plc

Many thanks for your letter dated 24th August which we received earlier this month via the Company's nominated advisor's Davy Corporate Finance.

I would like to reply to the points that you have raised in the same order that they were presented in your letter to the Company.

1) Tiger has not been "moribund" but has a policy of considering a number of investments at the early stages of the assessment process. This step is followed by a "drill down" process on investments that fit the Company's strategy of quality of people, asset and location. To summarise, the investment selection procedure is a thorough and meticulous process and is taken very seriously by the investment team.

Additionally, we are not a trading Company and consider quality as opposed to frequency of investments as our main precedence.

Frequent NAV and portfolio declarations would be counter productive since both our buying and selling patterns would be communicated to both the public and investor community.

2) The £40,000 MIT loan note is a strategic investment and will be realised in the future via an equity stake in MIT.

3) Your comparison of administrative expenses for the years ended 31 December 2004, 2005 and 2006 concluding an increase in the Company's administrative expenses is incorrect as you have omitted to adjust the 2006 administrative expenses for the sum of £130,118 which represents the share option charge. This charge is included in the 2006 administrative expenses following the requirements of FRS20 and is based on the Black Scholes statistical model. You will note from note 10 of the 2006 Financial Statements that this charge has been reversed as part of the reserves movements, hence annulling any impact to the carried forward profit and loss reserves. Consequently, after adjusting for this item, the 2006 administrative expenses are materially lower than the previous 2 financial years.

4) I totally disagree with your statement as the majority of stocks in the Tiger portfolio reflect a track record of excellent investments that have performed well.

5) I am pleased to note that you agree that the share buy-back policy is a good method of reducing the discount between the Company's NAV per share and the share price. The board of Tiger is aware that the Company's share price trades at a discount to its NAV per share, in common with many other investment companies/trusts quoted on AIM, and reviews this issue on an ongoing basis.

Finally, I would like to take this opportunity to stress that an investment in Tiger is a call option on a seriously considered, well balanced resource and commodity sector portfolio and is not a substitute for direct trading in resource stocks.

Thank you again for the interest that you have taken in the Company.

Yours sincerely

Colin Bird
Executive Director
Tiger Resource Finance Plc
===================================================================