Tiger Royalties And Inve... Share Discussion Threads

[andonis] 01/9/2004 11:48

Soon we will have rises....take stock...

[andonis] 31/8/2004 20:46

Golden Cross coming up......

[simonevans] 27/8/2004 15:35

This seems a sensible move to me. Tiger has a massive cash surplus and good mining investments at the right price are hard to come by at the moment. It's all NAV enhancing as well.

[dfgo] 27/8/2004 13:21

RNS Number:0510A
Tiger Resource Finance PLC
23 June 2004

Tiger Resource Finance plc

23 June 2004


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




Tiger Resource Finance plc ("Tiger") announces that it intends to embark upon a
share buy-back programme as authorised by the Company's shareholders at its last
AGM held on the 26 March 2004. The buy-back will not be limited to definitive
blocks of shares nor to a fixed period of time. The price paid per share may not
exceed 20% higher than the average of the middle market quotations per share as
derived from the Alternative Investment Market of the London Stock Exchange for
the fifteen days immediately preceding the day on which the shares are
purchased.

23 June 2004







For further information:
Bruce Rowan, Chairman + 44 20 7486 3997
Colin Bird, Director + 44 20 7581 4477





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

[hxj] 25/8/2004 23:43

Oversupply of shares, absolutely, you will note that no one else is buying! The share purchases will help to reduce that.

Big profits not really, there are also concerns that the company is being run for teh benefit of Rowan. The NAV is about 30% up on the subscription price so not too bad

[simcox1] 25/8/2004 16:05

If they've got so much spare cash does that mean they're making a big profit?

[wole] 25/8/2004 15:37

How come so much stock is being repurchased and there's no effect on market supply or price? Is there a massive overflow?

[gollypuss] 25/8/2004 15:01

hxj
Thanks for that.
Another 5.1 million bought up today!
GP

[hxj] 24/8/2004 13:28

GP - Simple and straightforward.

A sensible target is to keep enough shares in treasury to cover options issued and expected to be issued and then cancel the rest.

Finally on a fully diluted basis it will effect the NAV per share as instead of say 235 million issued plus 15 million options or 250 million you will have say 220 million issued plus 15 million in treasury (to be used for options) or a total of 235 million.

Buying up teh surplus shares is a good thing. Firstly it hardens the market, secodly at rough current valuations the company is paying out 2p of my money to buy in shares with a NAV of 2.6p. So for every share purchased the NAV per share is increasing.

[gollypuss] 23/8/2004 16:55

After todays announcement it makes 13,300,000 shares purchased for around £266,000 over the past few weeks. Any bright ideas about what is going on?
How easy is it to cancel Treasury Stock once the company has purchased it?
GP

[wole] 17/8/2004 13:12

Good ? simcox1. The RNS does state that the shares purchased are "to be held as Treasury Stock." The only short term benefit I can see is that it will mop up market supply which will strengthen the price...

[simcox1] 17/8/2004 12:23

What's the benefit of buying back these shares? Have they really got so much spare cash and what's the benefit to us? And if its a share buyback doesn't that mean the shares are cancelled after a period of time.

[wole] 17/8/2004 11:13

But don't forget he has not bought the share back for cancellation so it has no effect on NAV as number of issued shares is still the same.

[sbf] 17/8/2004 08:37

I suppose it depends on whether they buy back enough. On announcements so far it is about 4.475% of the issued shares ( but I expect another RNS today after yesterdays trading ). Because they are buying back at substantially less than the NAV ( about 25% ) it is increasing the NAV of the remaining shares. With so much cash available they could potentially buy back nearly half the issued shares which would increase the NAV of those remaining by about 25%. It also means that if Bruce Rowans prediction of a good second half is proven right the remaining shares will get all the benefit of the portfolio share price growth so we could see a pretty good increase in NAV for the full year. I think that I'll hold mine a for another 6 months or so to see what pans out.

[gollypuss] 16/8/2004 16:59

And again today, another 2500 000 !!!

RNS Number:9823B
Tiger Resource Finance PLC
16 August 2004



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

Purchase of Own Securities


Tiger announces that, on 13 August 2004, it purchased 2,500,000 ordinary shares
at a price of #0.0203 each. These shares are to be held as Treasury Stock.


For further information:


Bruce Rowan - Chairman : +0044 (0) 20 7486 3997

Colin Bird - Director : +0044 (0) 20 7581 4477





16 August, 2004

[simcox1] 16/8/2004 14:32

Is this share buyback good for tir?

[dfgo] 13/8/2004 16:49

RNS Number:9370B
Tiger Resource Finance PLC
13 August 2004




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

Purchase of Own Securities


Tiger announces that, on 12 August 2004, it purchased 3,400,000 shares at
#0.02022 each and a further 3,050,000 ordinary shares at a price of #0.02 each.
These shares are to be held as Treasury Stock.




For further information:




Bruce Rowan - Chairman :
+0044 (0) 20 7486 3997
Colin Bird - Director :
+0044 (0) 20 7581 4477

[dfgo] 12/8/2004 11:12

RNS Number:8963B
Tiger Resource Finance PLC
12 August 2004











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




Purchase of Own Securities





Tiger announces that, on 11 August 2004, it purchased 1,550,000 ordinary shares
at a price of #0.02032 each. These shares are to be held as Treasury Stock.




For further information:




Bruce Rowan - Chairman : +0044 (0) 20 7486 3997

Colin Bird - Director : +0044 (0) 20 7581 4477

[philmiboots] 11/8/2004 11:44

300k and 250k buys today. Nice.

[topvest] 10/8/2004 22:16

Tiger have lots of cash. One thing for sure; BR knows when to invest and when to take profits.

[andonis] 01/7/2004 09:52

TIR 2004 Shares

[ntv] 27/6/2004 15:52

looking a bit more interesting again with potential buy back although this could be limited due to some of the the larger shareholders owning close to the max amount of stock allowed

[sbf] 24/6/2004 08:25

RNS Number:0510A
Tiger Resource Finance PLC
23 June 2004

Tiger Resource Finance plc

23 June 2004


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




Tiger Resource Finance plc ("Tiger") announces that it intends to embark upon a
share buy-back programme as authorised by the Company's shareholders at its last
AGM held on the 26 March 2004. The buy-back will not be limited to definitive
blocks of shares nor to a fixed period of time. The price paid per share may not
exceed 20% higher than the average of the middle market quotations per share as
derived from the Alternative Investment Market of the London Stock Exchange for
the fifteen days immediately preceding the day on which the shares are
purchased.

23 June 2004







For further information:
Bruce Rowan, Chairman + 44 20 7486 3997
Colin Bird, Director + 44 20 7581 4477

[maestro.] 24/5/2004 09:29

keep ya eye on this little baby...looks like around £40,000 worth of shares were purchased by someone or someones last week..

[andonis] 23/5/2004 20:42

TIR Shares-REAL TIME. ....If anybody knows the EPICs of those missing please post them here....