Cheapest opportunities out there.
Just done my final performance numbers for 2017 – I recon the figure will come out at +c37%.
This isnt bad compared to FTSE AS Total return in GBP of 12%. Volatility has been minimal – maximum monthly drawdown was 3.8%.
Continue reading “2017 Performance c+37%, Not bad, but never enough….”
Good news on Tejoori – they are delisting and returning cash.
There is something of a hurdle to be reached as they need 75% of shareholders to vote in favour of delisting in order to get the cash back. Cash is worth about $0.63 a share – less delisting / liquidation costs.
Though the spread is quoted as $0.47-0.52 you can actually buy at 0.5 in reasonable size.
Continue reading “Tejoori #TJI – Vote FOR delisting, potential 20% quick gain”
Just got a notice from my broker – Hargreaves Lansdown that there has been a 0.37c tender offer for all of Tejoori from Southey Capital Ltd.
There havent been any RNS’s about this so many in the market may not yet know.
I have had a think about this and I won’t be accepting.
Continue reading “Tejoori 37c tender offer – don’t accept, its worth almost double…”
Changed my mind on DCI. This is not to say I wont get back in if the price falls more.
I am getting out more or less flat. Announcement that they are going to use Pearl Island cash for working capital and that:
“ The Board will re-evaluate the Company’s distribution potential when there is more clarity on the pace of additional disposals.”
Makes me think selling these assets may take a while longer than I initially expected… I’m also more concerned about the price… I always was a bit concerned about the quality of this one…
Continue reading “Selling DCI – Delay in returning cash / Portfolio update”
EDIT – 24/8/2016 RNS Today has basically said Bekon was sold for $0. This invalidates much of but not all of the below – still plenty of cash and land plots to be sold…
Tejoori has sold their holding in Bekon – this is in the books for $3.35m.
This is worth 12c per share at book. Since Monday, when I suspect smarter people than me picked up on the news the share is up about 12c – 16c depending on how you look at the spread….
Details are here. Its a 100% sale but we dont know the price.
I may be interested in engaging with management in a more forceful manner.
In particular i am concerned with management’s statement in their last RNS that they will use funds raised:
“for Tejoori to investigate further investment opportunities in line with its investing policy”
If you guys could contact me via the website with your holdings (in shares) I can have some idea how many people would support action on this and how many votes I may or may not have.
Every little helps – I believe according to the articles that 10% is needed to propose a resolution.
Unusual for me to post 3 times in a day – but this one was too good to miss and I don’t want some guy on twitter beating me to it and claiming the credit.
Just been working the numbers on Tejoori and noticed something I thought I would share…
The recent RNS said a recent Arjan plot with a book value of $4.3m sold for $6.5m – a 48% uplift.
The remaining Arjan plots are in the books for $9.5m if one applies a similar uplift you get to $14.14m.
They hold cash of $3.5m and Bekon is listed as for sale at £3.35m.
What is interesting is the next bit – they have a receivable -valued at $3.1m in the Arjan Projects. Continue reading “Tejoori – Bit more Hidden Value Found – could still be a 4 Bagger”
Some good news out of Tejoori – they are disposing of one of their plots of land for $6.4m USD (announcement here). As of yesterday the Market cap of TJI was $4.2m so there has been a healthy rise.
Price still doesnt reflect NAV of TJI which is $33.3m.
Continue reading “Tejoori – +93% today – Told you it was good…”
Received a few questions on Tejoori.
Basically along the line of its halved in price on no news for no reason – whats going on ?
Its fallen from 9.5p when I bought it to about 3.5p now – a cool 60% fall.
(Original post here)
This is purely down to illiquidity there have been a few big sales – pushing the price down. A big sale in this stock is $50k – not a large ammount in the context of assets of $28m – many of which are cash…
Continue reading “Tejoori – Halved in price so lets buy more”
Tejoori is an AIM listed investment company. Its current market cap is $2.6m. It has a a book value of $26.8m USD.
It has little debt, reasonably low fees and cash and Wakala deposits of $3.6m USD – far in excess of the current market cap.
Continue reading “Tejoori – Potential 5/10 bagger and Sharia Compliant!”
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