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Sp getting hammered, no one likes a paper loss. I loaded up between 11-13p but wish I was loading up now.
The NAV is important here not the sp, that is why in Nov there is the option for cash or to join Magna at NAV as Jim Mellon isn't happy with the sp discount to NAV. Read the RNS, yes it's dropping but PLE, SUMM and the Magna fund are stable or rising slightly.
I thinkmyour observation is correct, I think it tracks PLE mainly for some reason, personally I hope they sell all PLE and SUMM at a decent price and pile it into Magna as the are divi paying US stocks with much much lower risk. With regards to Mr Lee, I actually think his recent sales have been some quite clever profit taking as he loaded up at good prices and probably sold when we were at circa 15-16p so who can blame him, I personally don't think he'd sell at these levels, I think the seller now are PI's who don't want to wait to Nov so are chasing the big rise dream on AIM - personally a very low risk share which is 50% under NAV with a NAV cash option in 9 months to me is a dream.
Magna fund performing well, PEBI falling - biggest no brainer on AIM http://www.bloomberg.com/quote/MBIBAAU:ID
All is my interpretation
Option to take cash at NAV value, currently 15.9p (last update)
Yes me too, this is now the largest in my PF, barring a huge collaspe in US Pharma sector between now and November I think there will be at least 50% upside from here however if the market is still bullish and some of our private investments have IPO's between now and then (which I think they will) we could be looking at 100% upside with the only real risk being the whole sector crashing as the investments are now well spread with the Magna fund.
I have been adding weekly for some time, a hold till Nov will reward me well.
Top 10 Stocks 9 up, some well up 1 even
Yes we are getting cheap Magna shares 40% discount ssssshhhhhhh :)
Hi yes its a secretive fund! Hope the link below helps, so now that 55% of PEBI is in the Magna fund is that at NAV value in the fund i.e. if we were now in November would we be able to take out of Magna at NAV value? http://www.bloomberg.com/quote/MBIBAAE:ID
2 big buys and the price drops (again) wish I had loaded up now and not at 13p and 12p ! The NAV is all that matters 15.9p at last count.
Yes well done on your profit so far, I was well in profit when the bid touched 15p ish recently but holding all until at least Nov, this is definitely a share for the low risk investor with patience. I think the £350k with unlisted companies may give us at least 1 or 2 IPO's this year and the £800k uninvested could well be added to Magna IMO.
I actualky thought it sounded too good to be true but after conversations and emails with the company I fully understand and see the upside and how it will play out. Knowing the AIM market well and how 'the herd' work I expected the closer to Nov this year the closer to NAV to sp will get. I actually have a 25p target for Nov which gives 100% upside from a 11.5p buy, if SUMM or PLE continue to rise, reach previous highs or one/both get bought out well 40p could be the NAV. I find it very interesting that Jim Mellon is on the BOD and has left these 2 shares in and at a high% of PEBI !!! As PEBI was set out to 'mirror Jim Mellons investments and demonstrate the huge returns in the Bio Pharma sector I think many people (probably including me) will say in Nov 'why didn't I buy more at 11.25p ! This ISN'T a miner needing money, a O&G share risking a duster, a Tech share risking a 'newcomer' or a early stage high risk Pharma share but one offering a 40% discount to buy shares in large American Pharma's and well researched growth stocks picked by a man with a net worth of £700m - Strong buy from me.
Oldstock - The shares are very similar and most of the good performing ones such as Arrowhead are a good % of the fund, they have gone for shares which pay good dividends too, I actually think having 55% of PEBI in Magna is actually lower risk as there seems more bias towards big, profitable, divi paying companies in the sector. There is still a exciting element to more risky high reward stocks too but circa 30%, the Magna fund covers many more shares than PEBI ever has - well over 30 which means less risk too. I have rung PEBI and the fund holders to find out all I can but until it is up and live on Hargreaves Lansdown and others information is very limited. The newsletter apparently will be out soon at Charlemagne so maybe email or ring them regarding that. At the end of the day if you believe in the Bio Pharma sector especially in the US and Jim Mellon (net worth £700m) this is a great way to mirror his investment ideas, strategy and a small % of his wealth growth !!!!!! Shareminator - Thanks for the Bloomberg link thats great.
Sorry about the terrible spelling and grammer, my only excuse is I am on the iphone...... Have read Cracking The Code by Jim Mellon I truely believe in the Bio Pharma sector especially in the USA which is where most of Jim's picks are, my understaning of the Magna fund is balanced as 70% large Bio Pharma and 30% smaller higher risk stocks (like SUMM, PLE and others we won't of heard of which could be big). I think the price is low due to the market not understanding the RNS regarding the November option to cash in at NAV or recieve Magna shares at NAV. There is also no Capital gains tax as far as I am aware as PEBI are registered in the Isle of Man. Dan Poole - I have broke the rules of PEBI as its now well over 50% of my PF but the way I look at it as I'm investing in the Bio Pharma sector and today for example bought 15.9p shares for 11.25p !
I have bought today too. I have found out what the top 10 stocks are for the Magan fund and they include Arrowhead, J&J, Pfizer, Ampliphi Bio, Merck & Co and Gilead Sci. It is very hard to find out information but the fund is availible from Hargreaves Lansdown from March 1st so we are in very early. I have contacted Port Erin and Charlemagne Capital who manage it and a monthly newsletter will be sent out monthly. Last month the fund was 7% up for the month. I think the actual NAV is about 16.5-17p as SUMM and PLE have risen since it was calculated. I also look forward to how the £800k uninvested capital will be spent, hopefully more Magna. As many on the Magan stocks are huge USA Corps see very very little downside.
Under the radar here which is suprising but CAP's time will come so i'm stake building now.
Jim Mellon won't be trading these guys I'm pretty sure of that, they are all well researched growth shares, he won't be trading for 20% here and there like a PI !