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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tiger Royalties And Investments Plc | LSE:TIR | London | Ordinary Share | GB0002308525 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.15 | 0.25 | 0.20 | 0.20 | 0.20 | 0.00 | 07:43:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | -160k | -457k | -0.0009 | -2.22 | 1.07M |
TIDMTIR
RNS Number : 1604L
Tiger Royalties and Investments PLC
11 January 2021
For immediate release
11 January 2021
Tiger Royalties and Investments Plc
('Tiger' or 'the Company')
Quarter-end NPV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2020 was 0.24 (30 September 2020 - 0.19) pence per ordinary share.
Investments held by the Company as at 31/12/20
Name Number of Share price Valuation shares GBP GBP (see note African Pioneer Plc 59,529,532 2) 94,683 BMR Group Plc (note 3) 2,500,000 0.0000 - Bezant Resources Plc 55,555,556 0.0025 138,889 Block Energy Plc 625,000 0.0325 20,312 Corallian Energy Limited (see note (note 4) 20,000 4) 15,000 Galileo Resources Plc 6,516,667 0.0165 107,525 Goldquest Mining Corp. 173,500 0.1622 28,142 Jubilee Metals Group Plc 1,169,600 0.1275 149,124 Pantheon Resources 31,500 0.435 13,702 Royal Dutch Shell Plc B shares 2,700 12.59 33,993 WisdomTree Copper ETFS 760 23.022 17,497 Total Investments 618,867
Notes:
1) The above PV calculation is based on 434,942,308 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 439,442,308 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
2) African Pioneer PLC ("APP") is a private investment company in which Tiger owns 50.75 per cent of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.
3) The shares of BMR Group Plc ("BMR") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018. This investment is being carried at zero valuation until further details are released by BMR relating to the company's future plans.
4) Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which holds interests in 5 basins in the UK: Central Graben, Inner Moray Firth, Viking Graben, West of Shetland and Wessex and operates in the private domain. Although the last fund raise completed by Corallian in November 2019 was done at a subscription price of GBP2.20 per share valuing the Company's holding at GBP44,000, a 50% provision has been applied against the original purchase cost and this investment has been valued at GBP15,000 as at 31 December 2020 given the current market outlook.
5) Cash funds held by the Company at 31 December 2020 amounted to GBP420,698.57.
6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2021. The Company will disclose its investments on a quarterly basis when disclosing its PV.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Tiger Royalties and Investments Plc Raju Samtani, Director +44 (0)20 7581 4477 Roland Cornish Beaumont Cornish (Nomad) Felicity Geidt +44 (0)20 7628 3369 Email: corpfin@bcornish.co.uk
Novum Securities Plc Jon Belliss +44 (0)20 7399 9425
(Broker)
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January 11, 2021 02:00 ET (07:00 GMT)
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