The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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[IMAC] With the announcement that on 22 September 2009 it was notified that, on the same day, Patrick McKenna, a non-executive director of IMAC purchased 900,000 ordinary shares of the Company at a price of 40 pence per share The Shares were purchased by Ingenious Media Limited, a wholly owned subsidiary of the Ingenious Media Holdings plc group. Patrick McKenna is chief executive of Ingenious Media Holdings plc and its controlling shareholder. Following the acquisition of the Shares, Patrick McKenna had an interest in a total of 23,282,395 ordinary shares, representing 16.26% of the Company's total issued ordinary share capital (excluding shares held in treasury), all of which are registered in the name of Ingenious Media Limited. I would imagine that this along with the previous 250,000 shares bought at the same price, we can expect that the independence of this Co to be the subject of great Boardroom discussion.
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[IMAC] Net Asset Value(s) The unaudited Net Asset Value of Ingenious Media Active Capital Limited as at 30 September 2011 was: £32,788,677.39 On a pence per share basis: 22.90 pence per share diluted and undiluted The 22.90 pence per share includes 17.99 pence per share of investments and 4.89 pence per share of cash.
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[IMAC] The Company notes the recent rise in its share price. While the Directors know of no specific reason for this rise, shareholders are aware that the Company continues to look for suitable realisations of their portfolio companies. Discussions with potential suitors are always ongoing. The Company notes that it has received a non binding indicative offer for one of its investee companies which is being considered by the Company, which if concluded on the terms contained therein would be at a premium to its stated book value and would be a material transaction for the Company and its shareholders. The indicative offer is subject to numerous subjective conditions including as to due diligence. This may or may not lead to the sale of the investee company and there can be no certainty that any sale will be concluded or if a sale is concluded at what price. A further announcement will be made in due course.
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[IMAC] Net Asset Value(s) The unaudited Net Asset Value of Ingenious Media Active Capital Limited as at 30 September 2012 was £22,135,253.06 (30 September 2011: £32,788,677.39) On a pence per share basis this is equivalent to 15.46 pence per share - diluted and undiluted (30 September 2011: 22.90 pence - diluted and undiluted). The 15.46 pence per share (30 September 2011: 22.90 pence per share) includes 12.31 pence per share (30 September 2011: 17.99 pence per share) of investments and 2.48 pence per share (30 September 2011: 4.89 pence per share) of cash.
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[IMAC] The unaudited Net Asset Value of Ingenious Media Active Capital Limited as at 30 September 2013 was £27,586,285.81 (30 September 2012: £20,135,253.06). On a pence per share basis this is equivalent to 19.27 pence per share - diluted and undiluted (30 September 2012: 14.06 pence per share - diluted and undiluted). The 19.27 pence per share (30 September 2012: 14.06 pence per share) includes 4.33 pence per share (30 September 2012: 11.51 pence per share) of investments and 14.95 pence per share (30 September 2012: 2.48 pence per share) of cash.
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[IMAC] This announcement replaces the Net Asset Value(s) announcement that was released on 23 October 2013. The adjusted Net Asset Value per share is the result of an additional provision of £0.9 million against one of the Company's investments. The unaudited Net Asset Value of Ingenious Media Active Capital Limited as at 30 September 2013 was £26,683,250.81 (30 September 2012: £20,135,253.06). On a pence per share basis this is equivalent to 18.64 pence per share - diluted and undiluted (30 September 2012: 14.06 pence per share - diluted and undiluted). The 18.64 pence per share (30 September 2012: 14.06 pence per share) includes 3.70 pence per share (30 September 2012: 11.51 pence per share) of investments and 14.95 pence per share (30 September 2012: 2.48 pence per share) of cash. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11804868
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[IMAC] The unaudited Net Asset Value of Ingenious Media Active Capital Limited as at 31 December 2013 was £25,511,183.97 (31 December 2012: £18,939,672.84). On a pence per share basis this is equivalent to 17.82 pence per share - diluted and undiluted (31 December 2012: 13.23 pence per share - diluted and undiluted). The 17.82 pence per share (31 December 2012: 13.23 pence per share) includes 2.27 pence per share (31 December 2012: 10.18 pence per share) of investments and 15.63 pence per share (31 December 2012: 2.10 pence per share) of cash.