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.
Slift
Can’t believe that you of all people don’t understand the CA NAV statement. They revalue their holdings to market value each month and take gains/losses into the fund value. The 3.6p that you calculated was the market value of their shares on the valuation date!
DYOR GLA
At least the spread has shrunk if you want to bed and breakfast them
“No site visits were undertaken in the preparation of this letter or the CPR”
Really! Did they just rely on previous RNS releases for all there data?
What a farce!!!
10.5% spread
They are laughing at us!
Slift
I hate to agree with you but.......
..........I agree with you!
Unless you subscribed for the shares you own you aren’t investing in the company, you are just gambling that someone will buy your shares off you for more than you paid for them. Take a look in the mirror and ask yourself if that’s not the real truth here.
Diver
If that’s how you feel, you should put your money into something else instead of this market.
Or are you just a little bit daft?
Diver
Isn’t the point of the new CPR to establish how wrong the first one was. You seem to be assuming that the first CPR was catastrophically over optimistic and that the subsequent BOD downgrade is correct. Given the complete lack of faith this BB has in the current BOD, I’m hoping we’ve got it right and the BOD were more wrong than the first CPR.
Not long to wait now!
AIMHO DYOR GLA
Slift
Previous CPR was pre ‘kitchen sinking event’. A 50% downgrade on that CPR is probs still a five fold increase on the KSE. I’ll take that any day of the week
Planted
Only they can know what their average is and they aren’t going to tell us. Their % holding is remaining steady so they look to be sitting tight like the rest of us waiting for the CPR
Planted
We get this same crock of s**t every month. CA do not report their HUR average EVER. They report a breakdown of their fund unit price by investment. They revalue their investments every month to market price. The 10.2p is the proportion of their fund unit price represented by their investment in HUR. If you divide their total fund value by the fund unit price and multiply by 10.2p you get the market value of their 11% stake in HUR valued at the SP on the date of valuation.
It’s as simple as that but is misunderstood every month by some posters on this BB
DYOR GLA AIMHO
Oh no I’m not!
The 10.6p represents the proportion of the CA fund price that is made up of their investment in HUR. It has absolutely nothing to do with what they paid for their HUR shares. As a fund they have to revalue their investment in HUR based upon the SP each monthly reporting cycle, taking an impairment charge if the SP has gone down from what they actually paid. If you divide their total fund value by their fund unit price and multiply by the 10.2p you get the market value of their 11.8% on the valuation date.
If you don’t fully understand information on CA fund valuation mechanisms you should not copy paste from their monthly RNS to this BB implying that you do
DYOR GLA and AIMHO
Pence per fund share is 10.2p NOT pence per HUR share.
Please stop misleading people every month
AIMHO DYOR GLA
Go get him tiger
GB
I might be wrong, happy to be corrected if that’s the case.
GB
Educated opinion. In my experience debt listing of this magnitude is done for tax planning purposes and is not actively traded. Especially when there is only one ore two holders.
Try and buy some and see how far you get.
All IMHO DYOR GLA
I think all this chat about bond holders being taken out at massive discount is nonsense. The debt listing is a technicality for tax purposes and the debt, whilst being ‘valued’ is not actively being traded.
All IMHO DYOR GLA
Eurofil
Well that doesn’t make any sense at all. The market cap is number of shares multiplied by sp!
There are more messages on the BB than trades this morning!
Classic sign of conspiracy theories spiralling out of control IMHO
Planted
Where are you getting your CA average data from? Is it the CA monthly fund report?