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Timely purchase by Mr Lee!!
Looked at 30/09/2014 stated assets. After taking into account Xchange rate I reckon NAV is slightly down at 14.18 p. Magna performed ok , but exchange rate has moved and overall gain is down( $ 0.6167 to 0.63). Plethora is down from 8 to 6 p, Summit from 155 to 122. Assumed the unquoted and others have not moved but we could have a small fall in them so assume NAV is 13.90. Disappointing performance over the last year when we hit the heady peaks of 19p. However from what I read of last RNS we will be getting cash back at NAV and looks like a good punt for an arbritage- something I used to do in the 1980's- buy at 11 ish on a drop and a nice little 26% return over a few months...not sure when we can cash in though and looks like not getting units now-so nothing to sell. All assumes my figures are correct and the buy back happens within 2 months. I am considering a further short term investment based on my sums, but please do your own checks. I have been in this for a some time bought at 8p, sold half at the top price ,kept the rest so in for nothing. Charles
Been away for a while- but surprised that still trading at a discount to NAV. Has anyone got the latest portfolio- would like to run a quick calculation to check, but looks like a discount of 27% and will be cash in a few months at NAV.
This share would do much better if the spread wasn't as wide. Come on Jim I know that's out of your control but getting the share price moving is !!!
Tweet from JM - plans (for pebi) will be revealed in due course...Magna has done brilliantly...good team
Looking good!
Big holding here to me, no downside at all + decent upside IMO. Very very low risk
Valued at around £ 2.5 mio back in Sept so it will be interesting see what PEB propose on the buyback.
We should hear pretty soon about the "lock in" outcome. The last RNS mentioned end of month timescale for October......
purchases so far this month yet the price continues to creep upwards ! Crazy but good.
We can sell at NAV, great opportunity.
Magna up a further 12%. Wonder what will happen at the end of the month ? Rgds
Somebody's not happy with PEBI 's progress
SUMM and Magna fund rising well also this is a low cost operation as BOD don't take a salary, if PLE or SUMM booms we boom also!
The last few days have seen small trades at gradually increasing prices. The July nav was close to 15p so your idea of 17p by November is not too far off. Wish we could reduce the spread on pricing as feel it deters new buyers. One to hold, at least for me.
Starting to re rate and about time. With SUMM and Magna fund performing well the next NAV update could be interesting and remember cash at NAV value in November so the sp will touch NAV or just slightly under in Nov for sure. In hope for a Nov NAV of 17p.
Cheers pal good luck to you.
Well it's well under NAV, it moves on tiny volume, SUMM has been rising and Magna performing well.Also I expect an IPO this year for one of our private companies.
Hi Vegas99 wonder if you can help. What news for 10% rise? I am invested in another of JM efforts PLE and we are awaiting hopefully good news, wondered if there may be some sort of link. Kind regards Lee
This is a great buy and very low risk with big upside potential.
a little buying taking place. About time as PEB been pretty quiet of late and trading well under NAV. rgds to all still holding
Yep! We are still under the radar
35%+ discount, not bad eh
NAV - 14.71
Actually having just read it again I think it's a mistake! Under selling themselves !