Tiger Royalties And Inve... Share Discussion Threads

[curt3] 07/10/2010 11:03

My own back of the envelope calculation indicates circa 4p. DYOR

[curt3] 07/10/2010 10:39

WHERE is quarterly NAV update ?? management doozing again !!! simple spread sheet should be capable of producing figure almost immediately but it all seems too much trouble for this lot.

[babysitter] 05/10/2010 07:23

NAV tomorrow?

[yumyum] 30/9/2010 11:19

topvest....'investments that they have made are good ones' ? er...yes...except for the two out of three that are losing money....

nav acc to me today is around 4.2 p

- yum

[curt3] 30/9/2010 10:17

The directors report is the same old economic twaddle - stating the bleeding obvious and an excuse for doing nothing. Meanwhile the markets hammer away every day with oppertunities galore. e g ,if they believe in their investment in say Nautical , why then not buy a further shedload of them when they were so obviously undervalued at 50p for the last 2 years !! I just dont get what their strategy is. Also why sell Pan African when the gold price is on the up and that company pays a divdend and is performing well ? Its not aas if they need the cash!!

[topvest] 30/9/2010 09:07

The investments that they have made are good ones, but activity is woeful and costs are way too high. They should use the AIM listing for a reverse takeover and generate a valuation in excess of net book value imo.

[yumyum] 29/9/2010 23:12

£178,000 administrative expenses for...er....um...doing very very little.....in a resources boom...and the company stuffed with cash. Let's hope
new management is better at stock picking than Bruce Rowan. Northern Petroleum a very good move - I give credit for that but nothing else about this company is impressive apart from the salaries (at least Bruce owns a third of the company so pays a third of the salaries)

- yumyum

[topvest] 29/9/2010 22:21

Same old rubbish and inactivity!

[curt3] 29/9/2010 15:11

NAV will be higher than quoted following current value of Nautical holding. But still apathetic performance for the period under review as management continue to sit on their hands and contemplate their navels or should that be their bank balance ??

[sheeneqa] 29/9/2010 10:50

RNS Number : 4474T
Tiger Resource Finance PLC
29 September 2010

?
TIGER RESOURCE FINANCE PLC

Unaudited Interim Results for the six months ended 30 June 2010

CHAIRMAN'S STATEMENT

For the six months ended 30 June 2010

HIGHLIGHTS

� Net Asset Value per share at 30 June 2010 3.41p (2009 - 3.24p)

� Total assets of GBP5.9M as at 30 June 2010 (2009 - GBP5.7M)

[fairman] 23/9/2010 16:06

curt, agree AROUND 900k to date. Question is , do they still hold (or did they even buy more ?)

[curt3] 23/9/2010 13:09

Fairman - cost of NPE holding £ 180,000 according to website. Profit more likely to be around £ 900,000 on this one to date ?? DYOR etc.

[fairman] 23/9/2010 09:20

Seeing NPE up again today.

[snape] 21/9/2010 19:30

Hopefully they upped their holding in the recent NPE placing.

roar!

[fairman] 21/9/2010 19:00

bULL, The largest TIR holding at the 30 june NAV date went ballistic today (look at NPE). i guess people think TIR is still a holder. If so they should have made £400,000 today.

[skyship] 21/9/2010 18:50

Hi Witteklip - needless to say, as an experienced TIR player, I was selling into the rise today. Not a large profit, but a profit nevertheless.

Something afoot? Sure, there will be someday, but in the meantime the play here is to buy when the PIs are bored and sell out - then sell when something triggers a rise.

[the bull] 21/9/2010 16:16

nice move, something afoot?

[davidosh] 21/9/2010 15:19

Who are the main shareholders here then ?

Why do you not call an egm ? you only need 5% of the register these days ?

[curt3] 21/9/2010 10:29

TIR has 450,000 shares in Nautical Petroleum currently £ 2.25 per share. This should have a positive impact on NAV !!

[witteklip] 17/9/2010 15:57

Curt3 - small shareholders are an unrepresented minority. I tried to get the backing of 10% of shareholders to force an EGM. I even tried to get the list of share holders via the registrar (to rally support) but Tiger's management provided a brick wall.

We need more shareholders willing to stand up and be counted - unfortunately there are not enough of us with sufficient holdings to count.

Our funds appear to be being bled by management without visible return and there is not a thing we can, as individuals, do about it. Management has our cash and control of the company... if they want they can dilute us and complete what seems to me no better than legalised theft.

[curt3] 17/9/2010 09:50

Is there any way we shareholders can organise a vote of no confidence in this Board.?? They do not appear to be acting in accordance with the company's stated strategy. If they cannot find a use for the company's funds then they should return the cash to shareholders as a return of capital.

[fairman] 16/9/2010 14:42

auditors probably spend half a day on the investments and then 2 and half man weeks auditing the directors remuneration and share options!