The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Probably a placing on the way.
Director David Horner might have cashed a few in. He stopped buying earlier this year when it hit 50p. Might see a late trade
The NAV is around 55p so I'm surprised it has gone as high as it did before the drop. It has an 18% spread too. It probably is well overpriced now even after the drop.
Anybody have any insight into this 26% drop today ?? I cannot find any news online...
Such a lightly traded share, which causes this to have such a large spread. It’s been underperforming for a while now but a couple of the holdings should give this a boost soon with the rail sector picking up. Even with a large spread patience can be rewarded. I bought for around 34p 3 months back, now up around 30% in such a short time and still at a huge discount to NAV.
Last posted NAV 50p at end of March. 1/5 is invested in Touchstar which has risen lately and is due to announce results next week. It gives you a good discount to Touchstar as well as CEPS and the other holdings, spreading your risk as well as giving a hugely discounted buy.
Chelverton could be about to rocket if Plutus starts to take off
CGW has taken a 4.6% stake in PEG by acquiring 500,000 shares. PEG is subject to a recommended takeover by WTH.
CHELVERTON GROWTH TRUST PLC (the "Company") Proposed Tender Offer, Buyback Offer and Notice of AGM The Company is pleased to announce a tender offer by Merchant Securities Limited ("Merchant Securities") to purchase up to 10 per cent. of the Company's issued share capital (the "Tender Offer") and a subsequent invitation to certain minority shareholders (other than related parties and certain overseas shareholders) to offer their ordinary shares for buyback by the Company ("Buyback Offer"). The Tender Offer and subsequent Buyback Offer are subject to shareholders' approval at the Company's annual general meeting to be held at 11.00 a.m. on 21 December 2011. The tender price per ordinary share will be 92.5 per cent. of the net asset value per ordinary share at the close of business on 22 December 2011. A circular containing details of the Tender Offer and subsequent Buyback Offer, together with the Company's report and accounts for the year ended 31 August 2011 and a notice of annual general meeting, was posted to shareholders on 28 November 2011. Pursuant to an agreement between the Company and Merchant Securities, details of which are set out in the circular, the Company will purchase from Merchant Securities all those ordinary shares purchased by it under the proposals at the tender price. Expected Timetable of Events Closing Date: latest time and date for receipt of 3.00p.m. on 22 December 2011 Tender/Buyback Forms Record Date for the Tender Offer and Buyback Close of business on 22 Offer December 2011 Date of the Company's AGM 21 December 2011 Calculation Date, close of business on 22 December 2011 Result of Tender Offer and Buyback Offer 28 December 2011 announced
29 November 2011 CHELVERTON GROWTH TRUST PLC (the "Company") Proposed Tender Offer, Buyback Offer and Notice of AGM The Company is pleased to announce a tender offer by Merchant Securities Limited ("Merchant Securities") to purchase up to 10 per cent. of the Company's issued share capital (the "Tender Offer") and a subsequent invitation to certain minority shareholders (other than related parties and certain overseas shareholders) to offer their ordinary shares for buyback by the Company ("Buyback Offer"). The Tender Offer and subsequent Buyback Offer are subject to shareholders' approval at the Company's annual general meeting to be held at 11.00 a.m. on 21 December 2011. The tender price per ordinary share will be 92.5 per cent. of the net asset value per ordinary share at the close of business on 22 December 2011. A circular containing details of the Tender Offer and subsequent Buyback Offer, together with the Company's report and accounts for the year ended 31 August 2011 and a notice of annual general meeting, will be posted to shareholders later today. Pursuant to an agreement between the Company and Merchant Securities, details of which are set out in the circular, the Company will purchase from Merchant Securities all those ordinary shares purchased by it under the proposals at the tender price. Expected Timetable of Events Closing Date: latest time and date for receipt of 3.00p.m. on 22 December 2011 Tender/Buyback Forms Record Date for the Tender Offer and Buyback Close of business on 22 Offer December 2011 Date of the Company's AGM 21 December 2011 Calculation Date, close of business on 22 December 2011 Result of Tender Offer and Buyback Offer 28 December 2011 announced Tender Price announced 28 December 2011 Balancing Ordinary Shares despatched through 23 January 2012 CREST Cheques despatched by 23 January 2012 Balancing Ordinary Share certificates despatched 23 January 2012 by If any of the above times and/or dates change, the revised time(s) and/ or date (s) will be notified to shareholders by announcement through a Regulatory Information Service. Merchant Securities is authorised and regulated by the Financial Services Authority of the United Kingdom. The Tender Offer is for up to 10 per cent. of the Company's issued share capital and shareholders will be able to decide whether to tender some or all of their ordinary shares within the overall limits of the Tender Offer (but tenders in exce