focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Following their announced disposal (which took them below the 3% threshold), Investec had 1,227,362 shares remaining. The late reported trade from 31/10/13 was 1,153,344. No guarantee that it was them...but seems a reasonable inference in the circumstances. Link to holdings RNS: http://coreroplc.com/uploads/files/TR-1%20Investec%20Wealth%2022.10.13.pdf
This is the link: http://www.financialmail.co.za/business/fox/2013/08/08/sabvest-buys-stake-in-corero. The quote is "It seems Sabvest could be looking to further increase its stake". In relation to the RNS and today's large disposals, can we speculate as to how many shares Investec have remaining? I know the RNS gave a figure, but I presume it would be reasonable to assume some of the other larger sells today may have subsequently reduced this? Interested to hear other people's thoughts on this.
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6jhfff/global) has announced the addition of the "Global Distributed Denial of Service (DDoS) Market 2012-2016" report to their offering. “Global Distributed Denial of Service (DDoS) Market 2012-2016” The analysts forecast the Global Distributed Denial of Service (DDoS) Prevention market to grow at a CAGR of 19.4 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to improve the quality of protection. The Global Distributed Denial of Service (DDoS) Prevention market has also been witnessing the increasing demand for cloud-based offerings. However, the high cost of implementation could pose a challenge to the growth of this market. Key vendors dominating this market space are Arbor Networks Inc., Akamai Technologies Inc., NEUSTAR Inc., and Radware Ltd. The other vendors mentioned in the report are AT&T Inc., British Telecom, COCERO Network Security plc, Fortinet Inc., Huawei Technologies, NSFOCUS Information Technology Co. Ltd., Orange Business Solutions, Prolexic Technologies Inc., RioRey Inc., Savvis-CenturyLink, Verisign Inc., and Verizon Communications Inc. Commenting on the report, an analyst from the team said: One of the major trends witnessed in the market is the increasing demand for cloud services. With a large number of advantages of adopting cloud services, such as lower cost and ease of installation and operations, SMEs prefer cloud services over other security service offerings. In addition, large enterprises that have already adopted on-premise security services are currently switching to the cloud model. Therefore, the increasing demand and popularity of cloud-based offerings are prompting many vendors in the Global DDoS Prevention market to offer cloud-based services. For instance, specialized cloud service providers such as AT&T, British Telecom, VeriSign, and Verizon provide in-the-cloud security. According to the report, one of the major drivers in the market is the need to improve quality of protection. With the significant increase in the number of DDoS attacks, there is a strong requirement for high quality protection. Therefore, companies are opting for advanced DDoS prevention solutions that can secure their network from such attacks. As a result, the demand for DDoS prevention products and services is increasing significantly. http://www.businesswire.com/news/home/20131018005742/en/Research-Markets-Global-Distributed-Denial-Service-DDoS, Caps added on co's.
Very impressed with the information I have read regarding this. Currently trading at discount to 250p NAV. Great summary on this link if you haven't seen before: http://www.snipercapital.com/en/news/2013/10/macau-opportunity I know they've had a great year, but I was slightly surprised at the size of the performance and management fee of the main man, Tom Ashworth: "In the year ended 30 June 2013, a performance fee of US$10,938,000 was accrued (2012: US$ nil) by the Group"; "Management fees paid for the year were US$6,301,000 (2012: US$5,700,000)" (Source- http://miranda.hemscott.com/servlet/HsPublic context=ir.access&ir_option=RNS_NEWS&item=1599467295866880&ir_client_id=5393&transform=news_story) I note the performance fee hasn't yet been paid, so presumably needs to be deducted from NAV? Still trading at discount though? Happy to be corrected if I have made any incorrect assumptions here.
This is embarrassing... I'm registered for email updates on investgate, got the holdings RNS email, but for some inexplicable reason didn't get the one I've been constantly checking for. I've got into a bad habit of relying on the emails rather than the actual sites, my bad!
...And it relates to holdings, again. As for the delay in the NAV update, I would speculate that Mr Lee advised the Board members that he intended on increasing his stake to x and could they therefore please delay the NAV calculation until he his finished buying in order to comply with regulations. Not particularly convincing, but I can't think of any other reason to delay a positive release.
Here's hoping. Frustrating watching it slide slightly from the high of the other week, but I'm confident the NAV will be much higher than the current market price. For that reason I don't really understand the small sells...surely they could wait a couple of days?
Last year's NAV (for 30/09/12) was released at 14:02 on 5 October. Any day now! Refreshed my emails at 7:05 several times this morning...my money is on Friday. (http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=IM00B6QH1J21IMGBXASQ1)
Yeah, I was a bit surprised too. I can only assume the impending NAV update doesn't qualify as price sensitive news? Seems a bit illogical though. I don't think management would do so at this point because I think they back themselves to create further value. I was more highlighting that with a low market cap it presents an arbitrage opportunity of sorts, especially for the board- the only risk (as you state) would be the complications of selling the unlisted assets.