Tiger Royalties And Inve... Share Discussion Threads

[johndee] 20/9/2007 13:00

7 yrs is ok.......anyway losing so much on others I cashed in..no chance of cgt..i think 10 yrs on aim is free of tax..4 yrs is 10% only

[crazy russian] 20/9/2007 12:58

has anybody sold any of these and discovered how the tax man views them iro CGT?

like allowable as AIM so lower cgt rate?

[skyship] 20/9/2007 11:49

There are a number of things which would make them move sharply better:

1. Another prolonged rise in AST - at the moment they are adrift

2. A buyback tender offer to close the NAV discount (a 1 for 3 @ 5.0p would seem appropriate)

3. A sale of the Bruce Rowan stake to another party with more investment nous

My preferred course of action would be the third.....

[johndee] 20/9/2007 01:07

its funny how these cannot progress.......this time i sold at more than 4 pence after buying at 2.25(waited about 7 years)...........but will buy them back soon......

[tullynessle] 14/9/2007 08:36

Franconia Minerals (one of TIR's investments) up 7.2% in Canada last night (13th Sept).

[skyship] 12/9/2007 09:32

With AST @ 24p our NAV rises to 7.32p. That's a 48.5% NAV discount at the offer price of 3.78p.

The AST story (repeated last night in a tips.com interview with Mark Slater) sounds really good, neverthless I do wish BR would sell into the rise as our portfolio is totally skewed with 45.7% in the one stock!

[ntv] 12/9/2007 08:41

ast moving again and virtually no movement here again

[skyship] 11/9/2007 10:19

Yes, AST now 21.5p-22.5p - tempted me to take another 100k TIR onboard @ 3.6p v. the adjusted NAV of 7.01p.

Once again one has to wonder why BR hasn't been taking the opportunity to buy-in a few TIR at these low levels.

EDIT - Incidentally , the first 2 x 100k trades are BUYs, not SELLs

[ntv] 11/9/2007 08:23

ast on the move again

[skyship] 04/9/2007 17:01

There goes that cheap offer - 100k @ 3.65p. Leaves them marginally better @ 3.6p-3.8p v. today's NAV of 6.67p....

[skyship] 02/9/2007 15:32

Possible I suppose, though can't imagine TIR being a T20 trading stock - IMO more likely a crassly poor broker/bank executed buy.

[johndee] 01/9/2007 23:30

maybe a T+20..paying a premium for it...............

[skyship] 31/8/2007 18:32

Someone paid 3.8p for 50k - bizarre - they were/are available online @ 3.65p!

[skyship] 28/8/2007 12:45

topvest - I agree with that, however, Rowan has sat on 45% CASH for the past three years - a period of unprecedented low interest rates and unprecedented booming commodity & stock prices. Patently the cash would be better off in our pockets rather than remaining under his control in TIR. I have written to BR to that effect; and provided him with a logical solution. I have waived my usual fee!

[topvest] 27/8/2007 17:15

I'm sure it will - Colin Bird and Bruce Rowan run the show at the moment. Spoke to Bruce recently and, in general, he seems to be taking a very cautious approach at the moment.

100% correct imo. The US debt contagion is spreading imo - cash is KING!

[crazy russian] 27/8/2007 16:02

the last thing we want is any further influence from Minmet

I think we 'got away' just in time

lets hope his influence remains minimal!

[skyship] 27/8/2007 14:36

I see that one of our directors, Michael Nolan, last week resigned his day job as CEO of MinMet plc. Might he be about to do more with TIR perhaps.....would that be good news or bad.....am I grasping at straws.....!

[ntv] 26/8/2007 14:54

don't bank on it skyship
i wonder if they bare buying some more afe recently?

[skyship] 26/8/2007 12:21

K - I thought yr 100k was a sale. Yes, unfortunate timing, but I wouldn't lose any sleep over your purchase. You may get a cheaper offer for the other 100k; but unlikely to be lesser than the 3.63p I paid earlier in the week.

[kombimatec] 24/8/2007 20:21

Talk about bad timing I placed an order this morning for 200K @3.75 100k were initially protected but when the news broke from AST I managed to cancel the balance order.

[skyship] 24/8/2007 16:39

I did - see my 1008 above! Quite seriously, I'm hoping that BR scoops today's 415k (all sales incidentally) + the 200k/300k that were on offer @ 3.73p yesterday - so perhaps 750k @ 3.8p to start the 2007/8 buybacks.

[witteklip] 24/8/2007 15:01

SKYSHIP - 24 Aug'07 - 13:56 - 1009

I think B.R. will get the opportunity to buy back at a lower price than this. I'd guess 3.50 will come sooner than 4.0. The trick will be for us to try to top up our own holdings just before he does ;-)

[skyship] 24/8/2007 14:56

AST down 4p (19%) due to a "duster" in Italy - perhaps an over-reaction but certainly grounds sentiment over there for a while; and also screws our NAV for the timebeing. NAV down 0.55p to 6.29p.

As Bruce had neither added to the AST sales (WHY NOT!!) nor yet started this year's buybacks; perhaps he should consider the latter on this fall. The rise on no volume both yesterday and this morning looked to me like a buyback fishing expedition - we'll see......

[skyship] 23/8/2007 12:31

Someone got a cheap 50k @ 3.63; however still 100k on offer @ 3.7p, or 200k @ 3.73p. NAV now 6.92p with AST @ 21.5p.