Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
IMI (IMO) have got off to a good start currently trading at 1.30. Hopefully, they will increase further to add more money to the remaining shares held by SPK.
Virtually a 20% loss in three weeks. Perhaps grapheme isn't as exiting as we all thought.
Have a look at this article: http://www.iii.co.uk/articles/166487/indian-election-results-excite-investors
The largest holding SPARK has to dispose is IMI (India telecom-related company). With the predicted election in India being a landslide for the BJP party, this should, in theory, have a positive influence on Indian shares. In, fact the market had already been writing in a victory for BJP since February and this has produced an uplift of about 15% in the Indian Stock market and is predicted to go higher. A major pledge of the BJP is to increase infrastructure spending and this should benefit IMI. A lot of shareholders might have wondered why SPARK extended the life of the fund to March 2015. The run up to the Indian election may have played a part......if so, SPARK were astute.
Discount, today, is at 11.7%. So, it is falling.
Have a look at this article: http://www.citywire.co.uk/money/aberdeen-new-thai-offers-lesson-in-single-country-risk/a748387?re=28779&ea=307418&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary
My cash back was in my bank yesterday.
A thank you to stuzeeuk for the recent posts. I invest in ANW but am unable to get hold of the quality of information you have been posting. So, thanks for your efforts.
After this 4.5p is paid there is, in theory, about a further 7p per share that might be available for return to shareholders. In their last report, SPARK said that about 75% of this value was in the IMI holding, with the other 25% coming from Mind Candy and others. I can only imagine that once the final payment is made to shareholders (about March 2015), the SP will be go to zero. So, have each of us made sufficient money from the returns of cash that we can just write off worthless shares, or, will there still be value in them but we have to wait to see what SPARK can engineer? I'm not sure what the options might be but, as it appears that none of the big shareholders are bailing out, there might be options that us mere mortals are not privy to. Are there any sophisticated investors that can shed any light?
The fall will be associated with the impending return of cash of 4.5p per share.
A very good article which highlights the main challenge for the company.....how you go from the 'inventor' stage to a professional manufacturer. Hopefully, the appointment of Sean Christie will facilitate this. It wouldn't surprise me if AGM doesn't become a target for take-over if the process is proved to be viable.
Have a look at the AGM website where you'll see documents that identify competitors (as at that time). One of them, Haydale, is planning an AIM flotation in the near future. Have a look at this Financial Times website for some stuff about AGM. http://www.ft.com/cms/s/0/26238c3c-a9fa-11e3-adab-00144feab7de.html?siteedition=uk#axzz2wWktc3fU
I'm sure other people have done just as well but it's nice when Financial Advisors 'boast' of 10% annual returns and you know you've had these sort of returns without their 'wisdom' and charges. If you are into single biomed shares, as opposed to ITs, have a look at Oxford Biomed (OXB). I got in at 1.7p last June and it's just on 2.80p today. I'm not recommending it but an RNS, put out today, is worth a read. There are quite a few idiotic posters on the board but, if you ignore them, it's worth a look.
Just to share my experience of this share, I invested in February 2012 at 234p. After charges I've got a return of 110%. So the extrapolation, In Paisleyporridge's post could very well be realistic.
I think I'm with you on this one, bretty. On the number of shares I own I've got back £11,000 from the last two payouts and there's potentially another £50K if we get back the whole 11.4p of the NAV. I guess the thing I'm looking for is whether there will be any equity value left as additional payments are made or an opportunity to invest at a good discount in anything that follows after SPARK is 'wound up.' As with you, I'm a bit wary of any potential legal battle and whether an injunction is sought to stop further payments until it is resolved.
I was advised on 13th June, by e-mail, that my DRIPs had been allocated to my account. Could be worth checking on the SL Share Portal to see if yours have been allocated.
I've calculated that my DRIP shares were bought at £4.19. Was this a price that everyone's shares were bought at?
Just had a quick e-mail chat with Andy Betton of SPARK, asking him when the 6-monthly NAV report will be released. This is his reply: Not sure yet – likely to be towards end of June as we need the entire annual report to be ready to get out of the results closed period – so no point in getting a prelim out in early June as in prior years…. Andy
Have a look at the London Stock Exchange and click on Prices and Markets. Put BGFD into the search and click onto Summary and it will show you the NAV as of yesterday. The fair value price was 354.84. The LSE is very good also click onto technical analysis.
Considering how this fund is focussed on financials, I would have thought these guys would have had a big presence in Standard Life, Particularly, with the bonus dividend being declared.