Tiger Royalties And Inve... Share Discussion Threads

[mart] 04/5/2006 11:05

AST is up over 30% since NAV quoted (for 31/3/06)
Have added TIR.

[mart] 04/5/2006 10:45

AST lively this am

[[e-mail]] 03/5/2006 17:05

vern

ast up she goes

[ccorton] 03/5/2006 15:37

AST doing well

[[e-mail]] 27/4/2006 12:03

vern
AST doing well today when is this one going to kick in must be a bet

[dfgo] 20/4/2006 15:03

Holding(s) in Company

RNS Number:6119W
Ascent Resources PLC
06 January 2006

Ascent Resources plc



Holdings in Company



The Company was notified on 3 January 2006 that AXA.S.A. is interested in
23,957,802 ordinary shares in the Company, representing 9.36 per cent. of the
issued share capital of the Company.



The Company has also been notified on 3 January 2006 that Tiger Resource Finance
plc is interested in 29,093,406 ordinary shares in the Company, representing
11.36 per cent. of the issued share capital of the Company.



6 January 2006

[mjcrockett] 20/4/2006 11:05

At the interims TIR reported a holding of 26.9m shares in Ascent Resources(AST). AST are 11.5 to sell today, which would put a value of £3.1m on this stake.

MJ

[giant steps] 19/4/2006 09:15

Hope they have stuffed their huge cash balances into RDG or TYM !

[kombimatec] 19/4/2006 08:59

Tertiary Mins top of the charts today!

[skyship] 15/4/2006 12:37

600/- bt @ 3.3p at the close. Interesting trade.

[ccorton] 13/4/2006 23:19

If pushed, medium term is 6 months to 2 years.

Also remember that in the long run we are all dead.

[topvest] 13/4/2006 22:10

BR has just picked up a 3rd UK investment company job - He's become MD at Gledhow Investments on OFEX, a vehicle that he already owns a substantial proportion of the shares. No signs of him taking things easier then!

[abubryn] 13/4/2006 16:26

just got a few at 3.15 shown as a sell.

[integer] 12/4/2006 10:21

thanks Sky, good to hear BR taking time out.

[skyship] 12/4/2006 09:15

Hi Integer - BR very chatty. Confirmed slight delay in the Finals, but really only to do with sorting out legislation.

From further intimations in the chat I suspect this has more to do with gaining some concession from the powers that be regarding the directors' stake in the Company perhaps increasing over the 30% threshold if existing shares in Treasury are further increased by yet more buybacks. BR wants to pay dividends and conduct buybacks; but matters are apparently complicated on both scores.

I suspect negotiations with the LSE/DTI/FSA/Whoever are the cause of the delay rather than sheer red-tape; perhaps coupled with a natural reluctance to pay tax any sooner than absolutely necessary!

I also asked about Strongbow Capital – the relatively new significant shareholder. This may have been discussed on this thread last autumn when Strongbow first appeared. BR stated that Strongbow is a Bahamian investment vehicle run by a couple of brothers named French – doesn't know (or wouldn't say) any more about them.

Altogether not very informative – perhaps I needed to work on more leading questions! Still, encouraging when the CEO is prepared to take time out to talk to inquisitive shareholders.

[metallica] 11/4/2006 19:08

How long is medium term? 1 to 3 weeks or 1 to 3 years?

[ccorton] 11/4/2006 09:43

Tick up today. I am very confident about this share in the medium term.

[integer] 08/4/2006 21:39

Sky - my thoughts exactly, tried the company yesterday, same ansaphone. Can't try on Monday though as out, let us know how you get on?

[skyship] 08/4/2006 17:48

Integer - presumably you mean the Finals, not the NAV statement. I was thinking the same thing so rang the Company yesterday. Ansaphone from BR, so rang Colin bird's office - out yesterday, back in office Monday, so will phone again then & report back. His sec said no date yet set, but early summer.

My interest is that I expect the Company to seek approval for share buybacks again. Such a great way to increase residual NAV if the Company can buy at a healthy discount to current NAV - as per the Asset Revaluation trusts.

If the Finals are, say, in May and the AGM in July/August; then we could see buybacks starting again immediately thereafter. So in just 5-6 months the share price would likely be back up to the 4p level; ie a nice 25%-30% gain if you can buy at c3.1p-3.2p.

May not happen of course but IMO the downside is limited and the upside potential fully justifies the trade.

[kombimatec] 08/4/2006 15:12

Results were published last year 24th February so by comparison they are late. Interims were posted in August so April would be more in line for finals. Lets hope they are waiting for some good news to coincide with the results.

[maestro.] 07/4/2006 16:55

3 months after last results,,, now quarterly

[integer] 07/4/2006 16:42

any idea when the 2005 results will be announced?

2004 results were in Feb last year.

[skyship] 07/4/2006 14:07

Great - bt another 100/- @ 3.1p - that's 37% discount to the new NAV of 4.94p.

IMO this stock should be standing at a maximum discount of 25% in view of the management's willingness to buy back stock, perhaps no more than 20%. Those discounts would equate to 3.7p & 3.95p. Makes the current share price appear rather cheap.

[kombimatec] 30/3/2006 14:46

150k @3.3p was my purchase adding to my holding