Member Info for MikeF

Estimated Net Asset / Liability Value CQS RIG FINANCE FUND LIMITED (a closed-ended investment company incorporated in Guernsey with registration number 45805) Estimated Net Asset / Liability Value As at the close of business on 8 June 2009 the estimated liabilities of the Company exceeded the estimated assets of the Company by approximately £2,314,367 million, equivalent to a shortfall of 2.38p per share. This information has been prepared by the Company's Investment Adviser and is based on unaudited valuations sourced from third party brokers. Neither the Company nor its Investment Adviser accept any responsibility for, and make no representation or warranty in respect of, the accuracy of the information provided, and neither is any implied. This information is provided for indication purposes only. Enquiries: Secretary Kleinwort Benson (Channel Islands) Fund Services Limited Telephone (01481) 727111 Date: 9th June 2009 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

this may be slightly volatile today, hopefully the buys will keep filtering through to counteract the sells but i will own up and say i have top sliced 25% of my holding, will let the rest run it's course. Hoping for 10p still but finding resistance at this level. GLA

very nice but i feel there might be some resistance around this mark hoping we can get through it.

very good this morning, nice tight spread now and looking like another good day... more to come here IMO. GLA

No sell off at end of play and closed on vertially day high... very strong buying pressure today and a nice buy after close :) All looking good for tomorrow. See what happens! GLA

still coming through thick and fast :)

tomorrow could be another very good day as there have been next to no sells today and the buying pressure is very strong... large trades in the last hour or so looks like stake building and if the poster on iii is correct then we could have good news either tonight or tomorrow morning. GLA

38,066 @ 5.5p!

only 1 MM haging onto 5.5p offer, due another tick up IMO. GLA

That Level2 info accurate? Copying off of iii board!

1v1 5.5/6/7/7/7

buy @ 6p, well over ask still... lots more to come hopefully :)

This company currently owes more than its asset value but the RNSs indicate that since it resumed trading a couple of weeks ago the deficit has reduced. This is due to the increase in the value of its asset base which consists mainly of corporate bonds and the fact that it paying down debt. If you go over to say, Hargreaves Lansdowne, and check out the performance of the corporate bond sector you will see that it has been on a steady upward path over the last five weeks, so if this continues the deficit will decrease and the sp should rise. Quite simple really, but this is still a high risk share. However we can expect a steady stream of RNSs indicating the NAV, which should keep driving things upwards, unless significant defaults occur with some of the bonds held by RIG.

Either that or negotiated trade but if your not offered that then yes, phone. Another good buy of 16,670 @ 5.25. Something has to be going on now...

171.4% up now and spread tightening... GLA

I am under the impression that we are just moving back towards previous trading levels before suspension, but rumour on iii of imminant news which will have probably helped and there appears to be some stake building going on atm. GL

5.25/6p/6.75/7/7 only 1 mm under 6p

15,000 buy @ 5.25 just went through... still alot of pretty good buys going through.

Was deleted out...

2 x 16,000 buys @ 5.25p, someone stake building?