Tiger Royalties And Inve... Share Discussion Threads

[dfgo] 27/10/2005 17:52

BR own personal % holding will also increase,9th May 2005 48,366,239 %20.50
now less shares in circulation, BR % holding for the 48,366,239 will have increased.

[dfgo] 27/10/2005 17:44

Transaction in Own Shares

RNS Number:2537T
Tiger Resource Finance PLC
27 October 2005


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

Transaction in Own Shares


Tiger announces that on 26 October 2005, it purchased 3,000,000 ordinary shares
at 4.10 pence per ordinary share. These shares are to be held as treasury stock.

Following this purchase, Tiger now holds 32,800,000 ordinary shares in treasury.


Enquiries :

Bruce Rowan - Chairman: 020 7486 3997
Colin Bird - Director: 0207 581 4477

27 October, 2005

[crazy russian] 27/10/2005 17:39

looks like thats the answer we've been awaitin'

many thanks..(newbie)!

[jazzgal] 27/10/2005 16:16

Peeps,

I get the impression that TIR are making full use of the Treasury shares scheme to their advantage....and for those of us who remain in.... hopefully to ours!

To clarify ( and this is my own understanding) the buying back of shares enables companies who are confident that they will not have to issue more shares at a later date can better manage their capital! Rights issues can be costly to companies and what better way to manage your capital(and shares in issue for that matter) when you can now buy back your shares, store them and later sell them back into the market.....albeit in smaller lots!!

As already highlighted by Firkin....TIR (from my own calculations too) have exceeded the 10% aggregate nominal value of treasury shares held against the issued share capital by quite a margin........now the next bit is handy whilst Bruce and other Directors could find themselves liable to a fine for exceeding the 10% they do in actual fact have 12 months in which to bring that down below the 10%. They can do this either by cancelling the shares altogether, and or use them for employee share schemes, and or filter them back into the market (at current market price). In any event the company has to bring the holding level down to below 10%, otherwise have a brush in with the law!

I have noticed most if not all Treasury share buys have been condensed and done in October.....so over the next 12 months will be quite interesting to say the least. My own personal view is that Bruce will stretch this fully and I'm quietly confident that we can expect the share price to continue to grow.

Regards,
J.
TIR holder for over a year now......

[firkin] 27/10/2005 11:01

crazy russian, many thanks for a very clear explanation of treasury held shares.
Just one question. You imply that there is a statutory limit of 10% of issued capital that can be held in this way, yet TIR hold in excess of 10% in treasury and appear to be continuing the buy back programme. Can you clear up this anomaly?

[wole] 26/10/2005 21:01

Anyone willing to bet that was Bruce buying back another 3mill today? Should see RNS tomorrow...

[johndee] 26/10/2005 19:37

I am continuing to hold too......even though I will be out of the country for a while.

[buffin] 26/10/2005 18:53

I regret having sold a while back and have bought back in. Aim to trust Bruce this time around, and hold.

[wormcatcher] 26/10/2005 14:52

Have to admit to selling out over the last couple of days - will continue to watch with interest but I think that for now this is about the top with the share price now trading at a reasonable discount to NAV. All the best to those still holding; not saying they are going to drop from here, just don't think we will see the rapid rise of the last few weeks being sustained.

[johndee] 26/10/2005 14:42

So in effect makes the shares left to trade in the market more valuable. Hence the continued share price rise.

[maxbubble] 26/10/2005 10:03

crazy russian...thanks for that - very interesting.

[wole] 25/10/2005 21:49

If TIR ends up buying up to 30% of it's own shares what happens next? Will the company have to make an offer for the rest? I think the company has so far bought roughly 14% of it's shares...

[dfgo] 25/10/2005 18:07

Clarification

RNS Number:1579T
Tiger Resource Finance PLC
25 October 2005



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


Clarification of holding



Tiger released four announcements between 30 September 2005 and 21 October 2005
relating to notifications of significant holdings received by Tiger from UBS
Business Group and Strongbow Capital Limited.

On further enquiry by the Company, it has emerged that these notifications
actually relate to the same holding of shares, notwithstanding the fact that
independent notifications were received from each party.

For purposes of clarification, Tiger confirms that Strongbow Capital Ltd is the
beneficial holder of 9,900,000 ordinary shares which represents a 4.77% interest
in the Company.


Enquiries:

Bruce Rowan - Chairman: 020 7486 3997
Colin Bird - Director: 0207 581 4477


25 October, 2005




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

HOLPKPKKOBDDOKB

[crazy russian] 25/10/2005 13:45

Q for all you guys that know it all pls

in event of the company requiring a vote for some reason...

how do the shares held in treasury 'count'
can they vote...and if so who votes them.?

[tonyx] 25/10/2005 11:45

Transaction in Own Shares

RNS Number:1248T
Tiger Resource Finance PLC
25 October 2005



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

Transaction in Own Shares


Tiger announces that on 24 October, 2005, it purchased 1,500,000 ordinary shares
at 4.05 pence per ordinary share. These shares are to be held as treasury stock.

Following this purchase, Tiger now holds 28,300,000 ordinary shares in treasury.


Enquiries :

Bruce Rowan - Chairman: 020 7486 3997
Colin Bird - Director: 0207 581 4477

25 October, 2005


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

POSILFSLIILEFIE

[maxbubble] 25/10/2005 07:43

no shares are a better buy than your own company if there is a big discount. AS for an overhang i think that will be at a later time 10p - 20p - 30p who knows - it could help liquidity at that time and make a less volatile shareprice.

[buffin] 25/10/2005 07:29

Those treasury shares are quite an overhang then!

[johndee] 24/10/2005 23:43

the more the comapny buys...the less shares are left...this will force the price up..................they know what they are doing.

[currypasty] 24/10/2005 20:08

... but they are not cancelled, rather held in treasury, so they could be sold at some point, at a higher price than they were bought !!

[buffin] 24/10/2005 20:06

maxbubble, you say the big thing here is the cash ... but Bruce is spending it ... on TIR shares!

[currypasty] 24/10/2005 14:02

cracking performance by Bruce here, i hope he gets his other resource investment Company, Starvest, going shortly too !

[kombimatec] 24/10/2005 13:58

In my opinion there's very few other places to invest in at present other than resources. Tigers target was to reduce the discount to NAV and that is what seems to be happening aswell as growth in the value of the underlying assets.

[maxbubble] 24/10/2005 09:40

The big thing here is the cash - when Bruce invests this cash he will normally do at a discount or pre ipo which usually at least doubles the NAV of the new investment in a short space of time