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As they won't sell anything this is utterly irrelevant.
I recall similar ramping behaviours when RRR bought El Limon - loads of 'GOLD GOING CRAZY' nonsense posts and .............. Zip.
I'd love to know how a smaller RRR who have never managed to run a mine well expect to suddenly turn Alluvial Gold in Burkina Faso, Lithium etc into anything other than a farce.
What a torrid tale Red Rock Resources really is. Talk about Lifestyle directorships.
If anyone actually believes they'll sell anything at a profit ever they either have done no research or are deluded. The rest of the rampers are just that - paid rampers. They'll be giving it the whole 'Gonna Explode' nonsense when RRR needs some money and there'll be a load of old flannel about sales and cash and deals and the poor old retail investor will get fleeced again.
The £500k they diluted before Xmas will be gone soon enough on 'admin', expenses, travel, office rent and god knows what. WHen that's run out - watch for the flurry of nonsense (Lithium being a prime example) and there'll be another dilution and exercise in value destruction.
Trouble is - nobody with any nouse trusts a word that Bell says. Not one bit.
Last post -
It appears that when Investec and Rathbones merged they would held over 30% of the BHMacro equity - this is the threshold for takeover. SO they had to sell down to below 30%, they are now (Nov 2023) at 28% so they do not need to sell more.
The buybacks only commenced after this selldown below 30%, hence they only kicked in at the end of last year.
There is a big discount here, as there is in so many IT's, so make your own mind up if/when/how it will re-rate up.
Now you need to make your own mind up - see the Master Investor article and then read this one https://citywire.com/investment-trust-insider/news/investec-buy-bh-macro-ahead-of-choppy-waters/a2434214
Investec: ‘Buy’ BH Macro ahead of ‘choppy waters’
So buy it while we sell it................ No conflict there.......
I have emailed their press division and asked when they are doing the next Investor presentation, they need to put their heads above the parapet.
Also you may be interested in this comment:
"Another trust operating in the same sector is the £1.6bn BH Macro (LON: BHMG), which has a strong long-term record as a diversifier. Recently however it has really struggled and slipped to a 12% discount, although the Board has rather belatedly started to buy back some of the shares.
The problem is the 28% stake owned by Investec/Rathbones that has turned a strong supporter into an ongoing seller. Numis believe that it may require a corporate action solution to reduce this position that is seen as an overhang by the market."
https://masterinvestor.co.uk/funds-and-investment-trusts/specialist-trust-recommendations-for-2024/
I'd love to say i know the answer Mice but i'm in the same boat. This equity is 'opaque' to say the least. I really want out but will give it one last chance of researching it until i pull the trigger. i'll share what i find
Thanks! Here is the link for the Arix board:
https://www.lse.co.uk/ShareTrades.html?shareprice=ARIX&share=Arix-Bioscience
Well... I was aware of the merger but I wasn't aware of the nature of it.... shall we say. Thank you.
The obvious answer is to sack off RTW and buy Arix, as the indicative RTW share price use is way above current market - so even with a dip on Arix shareholders exiting i'd get more shares in RTW for my buck
But.. I have seen multiple 'mergers' fall by the wayside and I don't like the way this is being done. Not that I'm a commie mind you - if I thought 'yup it's gonna happen' i'd take the money with a shrug.
So whilst being sorry for arix shareholders who are being shafted, I am now in a quandry. The obvious answer is to sell everything as exiting arix shareholders will probably drive RTW price down if it happens. But the odds of it not happening are increased now, if the Times is talking about it the regulators must do something. it's not like the usual AIM fraudulent lifestyle director stuff that nobody gives a damn about. And if it gets messy RTW price will suffer, as will ARIX
I see the dates are that this will complete in Q1 2024 and be put to vote etc in same timeframe. I add that 26.1% are definite 'yes' which means that they just have to mobilise 24% to vote AYE and it's a done deal. I need to sleep on this one. pls do share anything you have and I'll do the same
The discount to NAV would suggest that on the surface but.. There are so many massive discounts in close ended Inv' Trusts at the moment that it's hard to see. Given the size of the discount the market seems to be pricing in the absolute worse case scenario. So, while I am hurting, it's only a loss if I sell.... and i'm holding on.
I am by no means an expert so DYOR etc etc but the underlying assets seem solid enough, they are getting out of retail and downsizing office it seems . My timeline for this investment is 8 years now so I think the assets will hold their value. As I say I am taking the Divi;s and buying JARA with it to help me average down without risking any more capital and...
oh yeah, I crossed my fingers ;-)
i got a response from jara, just sharing as may be useful: i was passed your email regarding jara and the webcasts by a colleague.
these webcasts are directed at the professional investor audience only on the website. as a self-directed investor you should enter the website through this link and select ‘personal investor’ when prompted.
i appreciate this will be a frustrating response. we are taking part in two live online presentations in the coming of weeks. these are deliberately aimed at giving personal investors access to our investment trusts.
firstly, with mello on tuesday 14 november - https://melloevents.com/mello-investment-trusts-and-funds-tuesday-14th-november-2023/
secondly, with capital access group on wednesday 22 november - https://*********************/events/capital-access-group/jpmorgan-global-core-real-assets-limited-webinar/1907
both of these events should also have a recording available by the hosts.
we hosted an in person event at our offices on 29 sept which had the portfolio manager present on stage and meet with investors afterwards – i mention this because we are providing more opportunities to engage with our investment trusts, the best way to hear about future opportunities if this is of interest is to subscribe to the communication options for the trusts that are relevant to you – you can do this here
Try this: Transportation assets webcast : https://event.webcasts.com/viewer/event.jsp?ei=1593150&tp_key=0707b4dd1d
I've sent JPM a snotogram saying why oh why have you not put your QUarterly update calls in the website? i mean - basics!
I agree that information is hard to find. I did find half of a useful webcast on ADVFN, but have no idea how to access the other half! This deals with the non Asian side of the business: https://event.webcasts.com/starthere.jsp?ei=1618633&tp_key=e78d89f2e2