NAV

15 days ago

Golden Prospect Precious Metals – 2024 results & a NAV update. Discount to reduce to a higher NAV winning share tip Buy

https://shareprophets.com/views/79497/golden-prospect-precious-metals-2024-results-a-nav-update-discount-to-reduce-to-a-higher-nav-winning-share-tip-buy

17 days ago

Tom Winnifrith podcast with Nick Lee of Mindflair, is NAV really twice the market cap?

I reckon that it is but does that mean the shares will go up? I discuss how this plays out with Nick Lee who is due to be enjoying a 15 minute grilling by myself at Sharestock on September 6, you can book your seats HERE

22 days ago

Urban Logistics REIT – discount to NAV and income value

Urban Logistics REIT (SHED) has just announced that it has agreed an “internalisation” proposal including to reduce costs and strengthen alignment with, and potentially encourage new, shareholders. This looks to add further to the value and income potential from a 115.6p offer price for the shares.

104 days ago

Tern - stake in Device Authority cut by latest fundraise, NAV death by a thousand cuts

On 23 December, Tern (TERN) announced that the 2nd tranche of the fund raise announced on 27 December 2023 of $3.3 million had been completed. In a previous RNS on 30 September 2024, Tern had indicated that this fund raise had been deferred due to strong performance by Device Authority and hoped that it may not be required but ultimately it was still required.

391 days ago

B.P. Marsh & Partners – agrees a bumper “realisation of investment”, further discount to NAV value

Investor in early stage financial services businesses, B.P. Marsh & Partners (BPM) “is pleased to announce the sale of its entire shareholding in Paladin Holdings Limited, the holding company of CBC UK Limited, subject to certain conditions including regulatory approval being granted”. Has it delivered investment success yet again? It has.

454 days ago

B.P. Marsh & Partners – positive interims, a big win share tip but still a discount to NAV Buy

Investor in early stage financial services businesses B.P. Marsh & Partners (BPM) has announced results for its half-year ended 31st July 2023 and that it is “well positioned to take advantage of the current M&A market, both on the buy and sale side”.

715 days ago

Tern – disaster at investee Konektio: a portent of doom elsewhere

The nuclear winter in small, cash guzzling, low grade, tech stocks continues and an admission today from Tern (TERN) shows just why its NAV is going to be crushed.

1114 days ago

Tern Plc – net asset value growth more than 80% down to serial mugging of its own investors

Today Tern (TERN) published its results for the year ended 31 December 2021 and they showed a profit before tax of £4,578,321 which was a good result.  Net asset value increased by 26% per share from 7.3 pence to 9.2 pence per share.  Again good. But how does Tern manage to increase its NAV?

1631 days ago

B.P. Marsh & Partners – interims, NAV growth & positive outlook...

B.P. Marsh & Partners (BPM) has announced half-year results emphasising that its “diversified investment portfolio has shown its resilience, delivering NAV growth despite the ongoing market uncertainty. The outlook is positive for the rest of the year”…

1793 days ago

Tern Plc – at least 50% overvalued even if you believe its stated NAV ( which I don’t)

Nigel Somervile HERE and myself HERE both took apart yesterday’s ludicrous and dismal results announcement from AIM dog Tern (TERN).  Neither of us believe its NAV is real but even if you are credulous enough to swallow that canard the shares should surely be 50% lower. Here’s why.

2218 days ago

Tom Winnifrith Bearcast: Totally & Condor balance sheets under extreme scrutiny

I start with a look at PCGE (PCGE) and what CCJs actually mean before having a look at results from Capital & Regional (CAL) and what they say about the state of retail property. Look at the gaping chasm between the share price and NAV! Then a detailed look at the balance sheets of Condor Gold (CNR) and Totally (TLY), the latter using my new interest, non debt debt. If you enjoyed this, I think, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.

2618 days ago

Tom Winnifrith Bearcast: Reach4Entertainment shares are a buy but I do not believe a word of today's trading statement & its PR men should be shot at dawn

I start with why this bearcast is late. I got back very late from London where I was watching my daughter play Harold Wilson in Made in Dagenham and she was brilliant. So too was the musical. Well done Olaf although you are wrong about the gender pay gap! I look at the market bounce and the shit that is leading it. I look in  real detail at the trading statement at Reach4Entertainment (R4E) where I am a shareholder, at Woodford dog RM2 (RM2) which is going on a one way trip to the vets in a fortnight and also at Woodford Patient Capital Trust (WPCT). Post bearcast it announced its NAV at 85.93p which means gearing must surely be through the 20% barrier. I also look at Optibiotix (OPTI) and the warrant exercise issue.

2675 days ago

Paternoster Resources - come on chaps when is the bailout placing?

At every opportunity Paternoster Resources (PRS) reminds of the vast discount to NAV at which its shares trade. Surely in such a scenario it should sell just a few shares it owns and then do a buyback of its own shares thus increasing NAV per share even more? Er...no.

3152 days ago

Tom Winnifrith Bonus Bearcast: Ramptastic RNS from FastFoward more horse - sell, sell & sell again

There is more horseshit today in an RNS from FastForward Innovations (FFWD), The money is running our fast. CEO Lorne Abony is in full ramping mode as he know he needs to get a placing away this fall or the game is up. The shares trade at a vast premium to NAV so what to do? Ramp again of course. All is explained in this bonus podcast.

3416 days ago

GLI Finance NAV update - buy

GLI Finance (GLIF) has updated on its net asset value per share performance – reporting it to be 52.30p as at 30^th September 2015. This represents a slight decrease of 0.34% from 52.48p as at 30^th June, though compares to a current share price of 44.5p.

3563 days ago

Tom Winnifrith BearCast Special: fraudster Rob Terry and the Quob park NAV con

Nigel Somerville penned an excellent piece yesterday on Quindell founder Rob Terry's new fraud Quob Park and its confetti issues as it claims to grow its NAV. In this podcast I explore that further and have a number of questions for the fraudster Terry about how he is managing this vehicle. Needless to say its shares should not be touched with a bargepole.

3622 days ago

Vela – Broker Note Vicarage Capital

Vela (VELA) is a stock that we have tipped on HotStockRockets and it looks an interesting play. The shares are 0.2p and I reckon that NAV could well be in excess of 0.5p. Of course most of investments are illiquid private companies so the shares will always trade at a discount to NAV but the current discount seems excessive.

Broker Vicarage capital recently produced a note explaining what exactly Vela does. It is a useful primer

3908 days ago

Brian Toye of Toye & Co: Crony Capitalist you have Massive Questions to answer you POS

Brian Toye runs a listed company Toye & Co (TOYE) and has now made a 35p a share offer to buy out his fellow stockholders. The offer is disgracefully low – a 30% discount to the share price and a 70% discount to the last NAV. The manner of the offer also begs a stack of questions as to whether rules have been followed. The NEDs said No. But it will go through unless regulators intervene. This is disgraceful crony capitalism and POS Brian Toye has serious questions to answer.

One shareholder has now contacted Mr Toye, his advisors and the Takeover Panel asking for an investigation. Let’s see what happen. His letter is below. And it will horrify you.