Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I topped up today, expect to see a steady increase in the sp once the institutions spot the yield. I guess Squarestone will sell once the holding periods end but hopefully slowly so as not to knock the sp, that will be in their interests as there are four holding periods.
Don't forget that Woodford's issue was holding illiquid assets in an open ended fund. The run on that fund, fire sale and subsequent suspension affected his IT too. Just look at HGT's graph to see successful investing in private equity can be.
· The Offer will be conditional upon, amongst other matters, Ganfeng receiving valid acceptances in respect of, and/or having otherwise acquired, Bacanora Shares which constitute more than 50 per cent. of the voting rights relating to the Bacanora Shares (including those already held by Ganfeng);
If I've understood this correctly: with M&G's 14%, the NEDs 1% and Ganfeng's 29% they just need 6% of the remaining the shareholders to get it over the line.
Rich, I'm guessing a similar situation for Spire Global, the vc investors get the 'ipo' uplift the IT investors get to buy at the listed stock price? This seems fair as we didn't carry the risk of the initial investment.
It's a long term hold for me too, maybe a gamble but my research suggests that hydrogen has a serious part to play in the zero carbon mix. I've given up trying to second guess the market it's as much a mystery to me why this wasn't more popular and SSIT got off to a storming start.
Disappointing that the target of £250m was missed, £102m acheived, but maybe over time the momentum will build with further raises. Hydrogen is a really important part of the zero emissions plans, note Japan's promotion of hydrogen during the olympics, also the International Energy Agency are keen on hydrogen technology.
https://investors.seraphim.vc/ should be the best place if you haven't found it already.
Existing shareholders who applied got 4 shares for every 19 shares owned, I've checked my ii account and this is what happened. Here's what I did: I took the pre-issue shares from the current amount and compared that to the pre-issue shares divided by 19 times 4. Should be the same number unless you applied for more shares that the entitlement.
Gerry, I agree, students definitely get the wrong end of the stick. I looked into buying a student property, I didn't but a friend did. Yields on student property in Liverpool are 15% to 20% before costs, where rental income is between 5% to 10% (where I live yields on residential rentals are 3% BEFORE costs). Instead I bought into ESP and sold out post COVID thinking that student accommodation would struggle to recover, it looks like the market thinks I'm wrong. There are loads of players in the student accommodation market due to the volume of international students studying in England, these numbers have been hit due to covid but it seems the market expects a revival. RGL are focussed on a different market, regional office space and sticking to what they know.
I still think student accommodation is a bubble and it's interesting that to see that HOME bought ex. student accommodation, I believe, to create housing for the homeless. I took that to mean the student accommodation is over supplied.
I've stuck with RGL throughout the covid crisis because I think they are well run have done great with rent collection and are well positioned for the office space downsizing and moves out of London.
I'm no expert but I suspect that the NAV will increase or decrease in chunks when the valuations of holding companies change, I can't remember how frequently it will be for SSIT. The issue was oversubscribed so there's interest in the IT so currently trading at a premium. I've bought in for the long-term so I'm prepared for volatility but I'm expecting high percentage growth over 5 to 10 years. Probably need to take part in the inevitable future issues to avoid dilution. 2% increase is a nice start.
Bought into this IT pre-covid, been topping up and currently up 17%. They've made great efforts to engage shareholders, they have a good business model where they are paying less fees. Mostly, North American private equity which is where the bulk of private equity investing in done. And yet no comments on here.