Australian (ASX) Stock Market Forum

LRF - LinQ Resources Fund

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Re: LRF - Linq Resourses

imajica said:
the current value of their stock in AGO is:

18,428,851 shares x $3.70

= $68,186,748


This will influence the NTA result considerably! The NTA is usually posted after hours on Monday! great news for LRF holders
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You would be thinking they would have to be loving this.. sitting back in there office cheering every 5.4c up is $1 million dollars
(I think I have this right)
 
Re: LRF - Linq Resourses

18,428,851 shares x $4.07


$75,005,423


If people can't see the value in Linq now - they have made nearly 40 million in profit in the last two weeks off AGO alone!!!
 
Re: LRF - Linq Resourses

imajica said:
18,428,851 shares x $4.07


$75,005,423


If people can't see the value in Linq now - they have made nearly 40 million in profit in the last two weeks off AGO alone!!!
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I purchased some today at $1.32.
It seems to have great potential and pays a good dividend.
I also own Atlas Iron (ago) which linQ is a heavy owner in and lacking any knowledge on what other 2nd tier resource stocks are cheap I decided linQ was the safest choice for me.
Any idea on how high the expectations are for this stock to go.
I see it has a 52 week high of $1.88, if it can repeat that I'm happy.
 
Re: LRF - Linq Resourses

I have set up a watchlist of LINQs main holdings thus I can watch what is happening from the looks of things Riversdale Resources which they also own has had great returns also ..
 
Re: LRF - Linq Resourses

Dioro Exploration NL (DIO) up 24% which LRF has a piece off the PIE off also.. really happy with the stock. I wish I had just bought more dammit >< .. things seem to be heading quite positively..:D
 
Re: LRF - Linq Resourses

NTA as at 30th April 2008 $1.99 up from last month of $1.84 considering AGO ran up a $1 since then one would think the current NTA must be somwhere around $2.12 ?
 
Re: LRF - Linq Resourses

Weekly NTA out up to $2.24 whoa.. onwards and upwards..
lf AGO holds its position things are looking very blue for Linq..
 
Re: LRF - Linq Resourses

adobee said:
Weekly NTA out up to $2.24 whoa.. onwards and upwards..
lf AGO holds its position things are looking very blue for Linq..
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Hi Adobee,

What is more important for you, the NTA or the share price?
Serious question.

Nizar.
 
Re: LRF - Linq Resourses

nizar said:
Hi Adobee,

What is more important for you, the NTA or the share price?
Serious question.

Nizar.
Click to expand...


The share price is most important until I am in a position to take over the companies chop them up and sell off the Assets.. as this is the only figure on which I am making any money.. however If a true NTA is provided and it is substantially higher than the current share price there is some indication of value.. ie I look at this and see a current NTA of $2.24 which says to me they have made a motza from the stock they own in the past few weeks eg the increases in AGO and in my mind these increases are not yet reflected in the LRF share price.. I dont expect the share price to trade inline with the NTA but if the NTA is substantially higher, there is a current good dividend, and I see blue skys for the stock in which they own then this gives me some comfort.. obvioulsy if I thought the stock they owned was going to go the other way even if the NTA is currently high I wouldnt be thinking as much..
 
Re: LRF - Linq Resourses

This fund is definitely under the radar and there still exists a deep deep discount to the NTA.

AGO has performed exceptionally, but l too have a watchlist of all other major holdings and they are performing very well.

You need to remember that the fund is a unit trust and therefore all profits are distributed to unit holders. Latest broker research indicates if the fund performs ok in June, they expect distributions of $35m, representing 21.7c per share (17% dividend yield !). Low case is $20m (12.4c per share).

Tell me a better forecast yield going than this ? :) Transfer your cash from ING now.
 
Re: LRF - Linq Resourses

Mitchy said:
This fund is definitely under the radar and there still exists a deep deep discount to the NTA.
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Upcoming distribution looks like being 10% or more, and SP is at a huge discount to NTA.

Agree that investors have overlooked this fund. This is a rare stock that currently offers high yield and very strong capital appreciation prospects. Risks are relatively low due to the spread of the fund investments. The only major risk would be an end to the resources boom, but if that were to happen then this would not be the only stock to be affected. So the bla3 rating on this stock is much higher than for the major resources stocks such as BHP and RIO.

Top 2 investments RIV and AGO represent over 40% of LRF's portfolio. These two companies are currently on major uptrends. With good indications for most of the other stocks in LRF's portfolio the SP outlook is upwards even if the discount to NTA remains at its current level.

If cashflows later in the year allow the share buyback program to recommence then this would be likely to push the SP even higher and reduce the current large NTA discount to more reasonable levels.
 
Re: LRF - Linq Resourses

Thinks looking very good -

RIV up around $11
AGO up around $4
SDL up around 37c
VCN up around 37c

and all getting good interest..

In regard to dividends and distributing profits, I assume that to make money aside from there actual loans out they have to actually trade in or out of the stocks so I expect a large % of the profit should actually be in the share price rather than just the dividend..
 
Re: LRF - Linq Resourses

Hi Guys,

Announcemnet just out. Distribution will be 23.75c per unit. Wow !! Very happy indeed.

This is a yield in excess of 16% - not too late to buy more or get in - fund will trade ex-distribution on 24/6/08.

Perhaps the huge discount to NTA might finally contract. I'm in for the long term with these guys.

Cheers,

Mitchy
 
Re: LRF - Linq Resourses

Pull off today a bit following dividend close off.. I didnt think so many people had bought in prior..

Anyone able to advise tax wise..
if buy in get 15% dividend then sell out 15% loss.. ?
 
Re: LRF - Linq Resourses

Fin review had best performers of 2007-2008 in street talk -
at the top of the list were :

Riversdale Mining (somwhere around 250%)
Atlas Iron Ore

Looks like LRF are on the money with these picks which I think are there major two share holdings
 
Re: LRF - Linq Resourses

LRF has announced they plan to get more actively involved in their investments both trading and getting on the board of the companies... This sounds great for share holders but isnt this a bit of a conflict of interest ???
 
Re: LRF - Linq Resourses

adobee said:
LRF has announced they plan to get more actively involved in their investments both trading and getting on the board of the companies... This sounds great for share holders but isnt this a bit of a conflict of interest ???
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Hi Adobee

Are you still following LRF ?
I have been getting newsletters from LRF for long time.
I got interested to see it and did not find any posting for six month and the last one was from you in July and the previous one one year before that - same author.

So I am assuming you are a follower and believer of LRF.

What is the lastest update on this if you could share ?

Regards
 
By chance.. i bought some shares in LRF today..
I havent really been following LRF for the past 12 months as they did get hit hard at one stage but with a substanial amount of holdings in AGO, CCC, JML, RIV, SDL, GBG, OEX, ZRL, I think they are probably a bit under valued as AGO , JML & ZRL have had substanial gains recently. .. LRF has been doing a buy back of there stock as well I am not sure how this will pan out .. Seems to be a bit of negativity around them at the moment but the same people were pretty happy when they were paying out BIG dividends.. With substanial holdings and also mezzanine financing to many of these companies you would expect they would have a pretty good handle on which ones are the best to be in and which arent ..
 
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