Tiger Royalties And Inve... Share Discussion Threads

[witteklip] 14/9/2011 11:59

Anyone else having trouble getting their broker to act on their behalf regarding the Share Offer?

I want this done and dusted and cannot even get the brokers confirmation on when they will have the necessary facility in place to deal with the tender on behalf of nominees!

[wshak] 25/8/2011 11:31

Witteklip,

You are welcome.

Simon and I have been informed that brokers anticipate that the 50m shares should be enough to take out all of those who wish to exit in full. We shall see.

I understand that the restriction to only 50m shares is due to a lack of distributable reserves, rather than willing on part of the board.

It'll be interesting to see if all dissidents are out in a couple of months time. It would make sense for everyone to be on their merry way.

WShak

[curt3] 25/8/2011 10:22

no more aggro, no more frustration - I'm out at 3.1 after holding for 7 years. I will miss the fun of venting my spleen on the mismanagers.

[witteklip] 24/8/2011 22:08

Re:
BIG thanks to Simon and Waseem. Without them B.R. would never have budged.

[johnhpayne] 24/8/2011 14:05

Thanks Alan, I shall probably take your advice and tender all my shares.I'm sure the directors will be glad to get rid of some shareholders and continue to run the company for their benefit.

[alanji] 24/8/2011 13:30

John - I actually sold at 3.2p
If you can get 2.9p post tender you will be slightly better off but I doubt you will be able to get that much. I do not doubt the tender will proceed but meant I do not trust them post tender to stop using the co as a cash cow, especially if the likes of Simon sell up and lose interest.
As I stated, because the directors have undertaken not to take up the tender, you should be able to sell at least 41.4% of your shares - probably a bit more as there will always be some idiots who do not take up the maximum or none - or only tender 29%. You should offer to tender all your shares or at least a good bit more than 41%

[johnhpayne] 24/8/2011 13:00

AlanJ, I must be missing something. Given that the offer may not happen and they can't be trusted, why would you sell for 3.12 when the tender is 3.75 ?
Is it that only 29% of our shares may be sold under the tender offer, thus leaving the balance valued as you suggest at about 2.9p ?
Maybe you're right; I bought a small quantity at the initial launch for 2p, but as that was over 10 years ago I hardly consider it a profit.......
I really feel the directors are sitting pretty and we are still shafted.

[alanji] 24/8/2011 12:24

I have sold out this morning at 3.2p - thanks again to those who pressured the company.
If you dilute for options and take the full tender (now effectively 41.4%) it gives a post tender nav of 3.8p, based on June nav, according to my calcs – and nearly all shares are down on the June value so nav will be a bit less. Take off a 20% to 30% discount and it is very marginal whether it is worth holding out for the tender to come round. And I still do not trust them so glad to be out for a profit (having made a much larger loss selling most in 2009!)

[tiltonboy] 24/8/2011 10:50

lol.

I will take the cash, and wish the boys the very best with their shareholding.

[maxbubble] 24/8/2011 09:34

why is Bruce not tendering?? LOL. I'm sure if any shareholders are silly enough to tender Bruce and Co will be havin a laugh. Cawkwell will get well rewarded for his endeavours...lol...ALL in the interests of the private investor of course!!!

[tiltonboy] 24/8/2011 08:35

Now that's a nice little bonus with Rowan not tendering his holding!!!

Should have a minimum of 40.25% taken off our hands now.

[johnhpayne] 17/8/2011 12:42

Does the board plan to offer to buy our shares back at 3.75pence? I had understood that the plan was to give a dividend, by way od distribiting cash in hand........ ?

[alanji] 17/8/2011 11:55

Not worth selling at this price (I am being offered 2.9p). Assuming maximum tender and a 30% discount, post tender, the current value is 3.12p.

Forgot to say in my previous post, many thanks to all those who have worked hard to get some sort of result.

[witteklip] 17/8/2011 11:10

TIR Interim Results

" Tiger Board decision to proceed with Share Buyback through a Tender Offer at 3.75p per qualifying share"

"The formalities of this process are in train and the Directors hope to issue the Circular detailing the Tender Offer and containing a notice of general meeting to consider the necessary shareholder resolutions shortly, on the receipt of regulatory approval."

[alanji] 17/8/2011 10:24

Well spotted Skyship - it does not have a flag on advfn
Nothing about reduced remuneration, though

[skyship] 17/8/2011 08:48

Well the professional ("sic") advisors obviously read this B/B, even if BR himself may not - though who knows...

Anyway, as a result of my Post Nos. 173 & 178 I'm sending TIR an invoice for my professional fees in the sum of a paltry £1000.

I hope that as shareholders you won't object.

[crazy russian] 11/8/2011 14:05

thanks but no worries
I dont give out any info to anyone unknown
nor should anyone!

[tiltonboy] 11/8/2011 11:19

Simon,

What is the next step, in the case of further inaction from the BOD?

[metallica] 11/8/2011 10:58

Be careful crazy russian it could be a boiler room scam so don't give out your details she was probably Canadian.

[crazy russian] 10/8/2011 13:56

well someone is still wanting to buy.....maybe!

i had some american on the phone acting for an un named party (refused to say) and wanting my TIG shares in view of a 'hostile takeover' of course wanted all my details

doh!!

she rang off when I suggested that no takeover bid could be considered hostile until it had been made and declined

[simon cawkwell] 09/8/2011 17:55

Gentlemen,

We just have to wait and see. I cannot imagine that the directors will be so stupid as to resist the thrust of the AGM.

Simon Cawkwell

[davidosh] 08/8/2011 16:41

kombimatec....I would disagree. I think now is absolutely the best time to give the money back to shareholders for each of THEM to invest on their own account in the market hopefully near the bottom now the market has dropped significantly.

[tiltonboy] 08/8/2011 11:49

Simon,

Any developments in the last few weeks?

[kombimatec] 03/8/2011 14:23

Is it now Tiger's time to invest their war chest when stocks are begining to look cheap? Or will the proceed with the distribution right at the time we should buy? Timing is everything.