Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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So the guy has more than one job, what's so wrong with that? Never saw anyone complaining when xtr 5 bagged last year and Jlp 3 bagged.
massively. I am amazed the authorities are not looking into this! I am worried its one big stack of cards that could all collapse thats why im selling JLP
Colin Bird has too many conflicts of interest in some of the companies which TIR invests in imho.
Given the recent rise in XTR and JLP that TIR hold amazed this has not moved upwards! thoughts?
Worst performing investment company i have ever seen
Wished I had TIRs holding in XTR and MXO though!
Awful track record! List of failed investments is quite staggering, where was the risk management or contingency plan here? What looks like £3.03m investments to £516k according to the table. NAV down by nearly a half! Even for a small-cap like this you would expect some defensive trading and positioning like MAFL are doing
Isn't this stock just a company whereby its main shareholders/management use to go fishing for better opportunities for themselves? With such a small amount of money under management does this stock make sense? Look at their portfolio - must be challenge here - do they sell out of some of these stocks before the companies becomes shells and heavy dilution follows?? The only way I see in getting some life back into this fund is to sell out of the underperforming stocks rather than wait for them to be shells and look for some better investments. More downside to come in my view but if they start to sell off stocks that haven't performed could present a buying opportunity.
Administrative expenses (196,389) (207,143) (374,599) Total Investments 3,527,991 (Extracts from interims - pls check) so over 10% pa!!!!! DYOR, but that is imv...on the high side relative to funds managing positions in quoted companies (incl AAL & BP fffs) Opinion only/Not Investment Advice
NEW sp crash? DYOR/Opinion Only/Not Investment Advice
http://www.investegate.co.uk/Article.aspx?id=201209271300083309N
TIMES NEWSPAPER "Tiddler to watch" "Tiger resource finance run by Bruce Rowan, an Australian with a big reputation for backing smaller companies, jumped 13.3% to 2.125p after making its first investment since revising its mandate in May to take in natural resource companies. Tiger took 29.9% of Xtract Energy, a third easier at 0.26p, for 330,000 pounds." Investment now worth 689,655,172 @ 0.23p = £1,586,206, circa 1.15p per share added to the value of the company.
Re Saturday Times Tiger Resources tipped as " Tiddler to Watch " !!!
With only about 138mill shares this only needs a little bit of buying volume and it moves fast. Should be easily over 3p on todays news. Massive uplift to their NAV.
XTR share price is falling and likely to fall further once the extra shares are in issue..however tiger are definitely going to have a bargain investing at 0.045p imo..
Portfolio value at 30th June 2012 £2,726,463 Cash at 30th June 2012 £1,680,498 TOTAL £4,406,961 Say they invested £250,000 in XTR, now worth about £1,500,000 TOTAL VALUE almost £6,000,000 = 4.33p per share
They have already 6 bagged on the investment AND they are at a discount to NAV.
The Company notes the announcement made by Xtract Energy Plc XTR this morning and can confirm that it has agreed to make an equity investment in Xtract on the terms set out therein. This will mark the first pro-active investment by Tiger since its new investing policy was approved by shareholders at the annual general meeting held on 19 June 2012.
Readers may recall that Was Shakoor and I challenged the management of Tiger Resource Finance (TIR) very vociferously at the AGM about a fortnight ago. I am delighted to say that the board has announced that they will, at last, return material cash to shareholders. It is too early to cheer since we have not yet seen how they will behave in practice. But it is a start. Above is an extract from EK diaries dated 04/07/11
Statement re potential return of capital Tiger Resource Finance Plc ("the Company" or "Tiger") announces that its board of directors (the "Board") is currently considering a return of capital to shareholders. The Board is of the opinion that market conditions have dictated that the price of the Company's shares do not reflect the underlying value of the Company's investments and cash. In order to align the market value with the net asset value of the Company, the Board is assessing a return of capital to shareholders from Tiger's distributable reserves. A further announcement regarding this proposed transaction will be made in due course.
http://www.investegate.co.uk/Article.aspx?id=201107011150445880J
How came there is nobody here , strange a share trades at a discount
Interest rns today
Tiger Resource Finance (TIR) has been a serial disappointer over the past few years. It is a resources-based investment company run (historically) by Bruce Rowan - an Australian trader of some note in past years. Over recent years he has rather gone off the boil and time and again failed to bank good profits whilst sitting on a mountain of cash doing absolutely nothing whilst resource stocks boomed. The shares stand @ 2.05-2.18p. The NAV is 3.35p with 2.0p in CASH. What makes it interesting now can be seen from the two recent RNSs regarding a change in the CEO and a small director purchase by the company sec - pretty small, but his first investment. A small investment might well pay off if finally the new CEO - long-term director Colin Bird of Jubilee Plats - uses this as a shell for another mining venture. Read it all on the ADVFN B/b thread: http://www.advfn.com/cmn/fbb/thread.php3?id=7723970
Anybody who has missed the boat on AST and VGM, check this out. SP on the slide while there strong portfolio has been doing well. 24.6m shares in AST 13.3m shares in VGM Plus AFE, TYM and others Good potential upside, with less downside if AST drill a dud. DYOR