yeah Shibu has a circulating supply of 1 Quadrillion that's a 1000 Trillion 15 zeros or a 1000 Million Million VLRM has no little or assets AFAIK and same with QBT basically a shell with Blockchain in the name.
As detailed in the interim results announcement made by the Company on 16 September 2021, an agreement was also entered into following the half year for the realisation of CitySprint, the same day courier. This transaction is subject to regulatory approval and is expected to complete in the second half of 2021. The investment in CitySprint has been valued at the expected proceeds of £1.5m. The investment in CitySprint has generated a return of 2.1 times cost.
The Board is proposing to return up to £26 million to Shareholders pursuant to a tender offer (the "Tender Offer").
The Company has today published a circular providing shareholders with full details of the Tender Offer. A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular will also be available on the Company's website (https://www.dunedinenterprise.com/).
Details of the Tender Offer
The Tender Offer will enable those Shareholders (other than Restricted Shareholders and certain Overseas Shareholders) who wish to sell some or all of their Shares to elect to do so, subject to the overall limits of the Tender Offer. Shareholders who successfully tender Shares will receive the Tender Price per Share, being a 1.2 per cent. discount to the NAV per Share as at 30 September 2021.
Thanks MTB & Phoebus, good points the PE trust I compared it to is completely different with many unlisted investments and some trusts trade at a premium based on management.
Hard to watch this lag behind and drop when BTC and Altcoins such as DOT etc are rising.
So if look upon the KR1 discount as not unusual and an opportunity, it might be even on LSE KR1 would trade at this discount but HL would be able to update the price better :)