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Just bought a nice little £500 top up at 12p.
If you look at the RNS dated 25th Jan and scroll down you'll see some of the companies and how much they have risen but it's hard to know just how much the fund is actually worth as there isn't much info (that keeps the herd away I suppose) all I know is it's worth much more than current sp and Jim M has picked some great stocks.
Looking to invest here, can you let me know which Companies PEBI have in their portfolio, as limited info available. Recently, Jim Mellon advised that he was in the process of taking a company from the states and moving them to the IOM, think that the Company is one which i've recently bought into. Thanks
Spent some time looking at the growth in our US shares last night and they are performing very well but I think people think we just track PLE !
Huge buy for a tiny market cap company surprised the sp didn't move.
Exactly the sp doesn't matter here for long termers, in fact if still adding low is good. Only the NAV matters for those holding until cashing in or joining the Magna fund.
Share price of less consequence now. If the NAV is looking good - hold tight !
Cheers, just hoping a good NAV may help the share price, saying that on the last one were it was 17.13p and the share price lower the share price did drop away. Patience it will come good.
I would think in Jan for end of year 2013 NAV update but unsure.
Thanks for your honesty, I currently hold about 70k, and even though have complete faith and confidence in the company I don't like to get over exposed in any one company (I've done it a few times before and sometimes they go a little pear shaped), ideally leave it alone for a few years and let it grow, with this one though we will have a decision to make in about 11 months. Do you know when the next NAV evaluation is ?. Cheers PP
Without checking unsure but working towards 100k by early Jan.
If you don't mind me asking, how many shares are you currently holding.
hi are you still in that other company reply on that board
I bought this week but only ever look at ask price for long termers - if you know its undervalued it will rise.
I would be tempted to top up again, but unfortunately the spread is not very favourable. But as for long term this is a definite.
Couple of nice buys today, I think the herd will arrive on this one soon and we will be very happy with our entry price.
Thanks for that Vegas
I have spoke to the company and am happy with why we are doing this, which is to ensure we get NAV value for the great shares we are in. My view is that this is a great low risk way to make a healthy return as even at current levels it's circa 90% return but with the shares we have which are carefully selected anything could happen with buy outs, phase results, big pharma interest - I will be stocking up continually whilst well under NAV.
Many thanks for your reply, I think you have answered my question but i'm sure much more will become clearer closer to the time. If indeed I do decide to sell, as long term I believe this will do very well. One more question if you don't mind, how would you be given the option to sell to the fund, would there be some kind of offer or is there some kind of expiry date. I am also not to worried what share price is shown, like you stated at some point the share price will re-rate and catch up to the NAV. Just a small amount of patience is required. Cheers PP
You effectively sell to the fund, so you would get given the cash value of the NAV for the shares you hold. Alternatively, you can get the equivalent value in units of the fund. Unsure exactly how the share price will play out leading up to this, but it should move closer to the NAV per share. Obviously, the returns you get depend on how well the underlying assets have performed to that specific date. FYI, not invested here at the moment - but will look to put a few £k in in the near future. Nothing huge, but there's definitely scope for a healthy return.
At what point do you think the share price will equate to the NAV, otherwise how in 11 months will we be able to sell at that value. Personally would prefer it to stay as it is, as long term think this will do very well rather than get absorbed in to another fund
In my view and Oldstockbrokers shares can either be sold or entered into the Magna fund ( Jim Mellons an advisor for them). This represents at current levels a circa 90% return however I expect NAV to be 30p by then making it a 200% return.
I am already invested in here, and was wondering if you would be able to explain the cash or unit offer of the NAV in 11 months time. Thanks very much in advance.
Bought more today, NAV approx 21p so buying now is very shrewd IMO as can cash in for NAV equivalent in 11 months - check RNS.
I haven't recieved any forms, if you have does it seem good to you?, I have read the RNS a few times, read up on the main companies we have and spoke to the company - I am happy to buy and hold.