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.
thank you, that's the one I was looking for good to know my buys were cheaper than theirs !
+ 1.03% step in the right direction
Just seen a trade go through of 1,200,000 @11.625 traded on the 10th Feb £139,500 Part of Downing holding!!
PFS typically take on caps between £20-£150m, and they decide to take on our little peg "The Fund takes a pro-active private equity approach to investing in quoted smaller companies. Investee companies will typically be capitalised between £20m - £150m. The Fund will aim to hold a concentrated portfolio of 25-30 investments. The Investment Manager aims to identify investments that are valued on low price-cash flow ratios relative to peers, and will undertake rigorous duediligence, modeled on that of a Private Equity style, to establish the robustness of management teams and company strategy. The Investment Manager will invest when the results of due-diligence highlight strength of management, a corporate strategy that has been largely overlooked by the market and the potential for the company to demonstrate an uplift in valuation of at least 30% in the first year of investment"
I think it's safe to assume that Downing got their holding from Peels, and that the Peel holding is now well under 10%. I would expect that Downing will have done a thorough amount of due diligence on PEG, and hopefully this will be seen in a progressive share price. At least some of the loose stock has now found its way into firm hands!
rns out
I remain convinced looking back at the big trades at 11.75 of late showing as sells, that these were in fact buys from PFS. Nice price for some
40,000 of late trades on isdx @11.75
maybe thats them coming through now, quite a few to go at this rate though :)
I wish I knew. They seem to be able to accumulate in the shadows. Similar when Peter Lobbenburg built his holding...perhaps Peel Hunt facilitate all this...I don't know.
From Peel perhaps?
so how does this work then ? on 2/2 PFS passed 3% and held around 1.1m shares on 10/2 they passed 6% so around 1.2m shares must have been bought since 2/2 but not shown in 'recent trades' above and not on isdx either can anybody explain ?
now at 6%
Now showing no change!
No trades all day down 3.16 why am I not surprised!!!
some decent small caps in their top 10 too (if I've got the right fund), we're in esteemed company http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/p/pfs-downing-active-management-fund-a-accumulation-inclusive
I wonder if they still have the Same holding!!
PFS Downing seeks to achieve capital growth by investing in a concentrated portfolio of between 25-30 UK smaller companies (Typically those with market capitalisation between 20 million and 150 million.The fund aims to out perform returns from other UK small cap equity funds by selecting investments that the investment manager believes are UNDERVALUED by the market. Diligence is focused on identifying companies with sustainable completive advantages run by competent and aligned managers at an entry price that provides investors with a defined margin of safety. Like Tiltonby I wonder how many more they will purchase in the future.They obviously like most of this board contributors think that Petards is undervalued
Yes, a little confidence booster for us all. Its been quiet.
Interesting. They don't normally touch anything sub £20m market cap! It looks like they started buying on 21st January, as all the larger trades at 11.75p, come remarkably close to the holding they have just announced. It's a £10m focused fund with 25-30 stocks, which suggests an average £300-400k holding size. I wonder now may more they are looking to pick up?
Now that is good news. Downing are a highly respected VC.
3% holding
HOLDINGS RNS OUT
No problem. Don't let it put you off investing, but dont worry yourself about the intricacies of the market. if the company is a success, then the share price should take care of itself. Everything else is noise.
Thanks for trying just not my cup of tea sharedealing lol. Your a gent.