NGI - Navigator Global Investments

[andione1983]

What the hell did HFA go up by 100% today for?? I have been watching this one for some time, but unfortuanately have not brought into them.

 

[Boggo]

Nick Radge gave us a heads up on that stock as one that had upside potential when he was on "Your money, Your call" on Sky last week.

 

[MACCA350]

Nick Radge gave us a heads up on that stock as one that had upside potential when he was on "Your money, Your call" on Sky last week.

HFA up 100% in one day on the back of announcing they have successfully extended their loan facility until Nov 2011

cheers

 

[Viva_Las_Vegas]

Wonder why it fizzeled out today and didn't really do that much. Profit taking from those that bought cheap yesterday morning perhaps? Any ideas?

 

[MACCA350]

Up 52% today.

Delaware hedge fund has been buying up HFA stock since March 19 and now own 24.5M shares (5.33%), 772k today.

cheers

 

[rhen]

Good news
http://www.financialstandard.com.au/news/view/25519/

The "1" is my automatic (programmed) buy signal (that needs to be confirmed by visual scan).
The chart (and indicators not shown) suggest it may be overbought at this point.
I own shares in HFA.

 

[dc_b4]

20% up in 3 days, what happened?

Heard news from Financial Standard, is that why?

http://www.financialstandard.com.au/news/view/28526/

HFA Asset Management is set to re-open its flagship $565 million Diversified Investments Fund to new investment as early as July this year - more than a year since it was forced to suspend redemptions due to the liquidity crisis.

The decision to re-open the fund comes as the value of the fund's net assets coupled with improving liquidity in underlying investments has improved.



While conditions are improving, the fund manager has not announced an exact date to re-open again, stating that it depends on the level of liquidity in its underlying investments.

The fund manager suspended applications and redemptions to the fund at the end of December 2008 due to the lack of liquidity in global investment markets.

A unitholder meeting in June last year voted in support for the fund to continue its investment mandate while at the same time providing limited liquidity windows to those investors seeking to redeem from the fund.

"The liquidity of the fund's underlying investments continue to improve at a rate beyond our expectations and combined with the strong positive investment performance, we are confident the fund will be back to its pre-GFC terms much earlier than originally anticipated," said Oscar Martinis, joint managing director at HFA Asset Management.

The fund's net assets appreciated more than 19 per cent during last year and since applications and redemptions were restricted, the fund investments have gained more than 20 per cent.

HFA Asset Management expects to change from monthly redemptions with 30 days notice to quarterly periods with the same number of days notice.

This comes after six Australian hedge fund managers were considerig suspending or closing their fund's redemption or application terms following the ban on short selling in 2008, according to a survey by the Australian arm of the Alternative Investment Management Association (AIMA) at the time.

 

[notabclearning]

hfa, has had a good run from 20c to 30c. I hold to $1.

Reasons: 1. Debt under control
2. Apollo bringing money to Lighthouse
3. Equity markets improving
4. Stock was over $2 pre GFC
5. New products

This is 5 reasons why this stock will get to at least $1 , in my opinion.
Give if I really thought about it, i'm sure there are lots of reasons.

 

[notabclearning]

strong uptrend occuring. Up 10% today. I got in at low twenty's currently im very

 

[piggybank]

Update:-

​

 

[Boggo]

Rather than derail the momentum thread I thought I would post a comment on HFA here.

Some bits of interest in the pic of the depth.

My concern with the depth/volume that I referred to on the momentum thread is highlighted down the left of the pic. If anything spooks this stock and some of those single buyers do a runner this can easily jump your stops and can easily leave you with double digit losses.

Maybe its just me but I like to see a few buyers as well as the associated volume.

Having said that, if you look at the depth pic you see the ^ symbol.
This is what that means...
Iceberg orders are a concept used by the ASX for placing orders with only a portion of the volume disclosed. When the disclosed volume of an iceberg order is filled, this volume is automatically renewed and the order is positioned behind orders at the same price level. The disclosed volume displays as visible volume whilst the undisclosed volume displays as market order volume. The minimum required visible volume depends on the security.

That could override my earlier comments/concerns perhaps, interesting though imo.

 

[System]

On November 20th, 2017, HFA Holdings Limited (HFA) changed its name and ASX code to Navigator Global Investments Limited (NGI).

 

[greggles]

Navigator Global Investments, formerly HFA Holdings, has been having a great run over the last 18 months.

After bottoming out in March 2017 at around $1.90 it made steady gains until late May 2018 when it took off like a rocket, catapulting from $4 to $5.50 in a little over a month. The catalyst for this rapid share price growth was the acquisition by NGI's United States subsidiary, Lighthouse Investment Partners, LLC of the assets of Mesirow Advanced Strategies, the multi-manager hedge fund division of Mesirow Financial. The acquisition was completed on 1 July and US$5.2 billion of assets under management transitioned to Lighthouse at closing.

Market cap is currently around $870 million.

 

[Dona Ferentes]

Navigator Global Investments, formerly HFA Holdings, has been having a great run over the last 18 months.

After bottoming out in March 2017 at around $1.90 it made steady gains until late May 2018 when it took off like a rocket, catapulting from $4 to $5.50 in a little over a month. The catalyst for this rapid share price growth was the acquisition by NGI's United States subsidiary, Lighthouse Investment Partners, LLC of the assets of Mesirow Advanced Strategies, the multi-manager hedge fund division of Mesirow Financial. The acquisition was completed on 1 July and US$5.2 billion of assets under management transitioned to Lighthouse at closing.

and that was about it for that bout of enthusiasm. Got to $6 in August 2018, then a retreat, rout even, to its current post Covid torpor.

Navigator anticipates some continued redemptions across the Lighthouse’s multi-strategy complex as an on-going consequence of March 2020 performance and overall market conditions, however with improving performance over the past six months we expect to see these redemptions trend downward.

Still expecting 20% fee reduction, despite some equity-based strategies and its platform services offering performing well.

One fund manager, Eley Griffiths, sees some upside for its fund (Ah the life of an asset, held in a fund by another fund; no wonder performance can be muted, everyone taking a clip)

During the quarter we increased our exposure to Navigator Global. NGI is a holding company that owns 100% of Lighthouse partners, a US based, fund of fund alternatives manager. Lighthouse has experienced a period of outflows, almost entirely relating to the acquisition of Mesirow, a business in run off that NGI paid nothing for. The case for increasing our holding at $1.20 was driven by valuation (6x cashflow) and a view that the period of outflow was coming to an end. As it turns out, NGI had been working on a material transaction with Dyal Capital Partners to purchase equity stakes in 6 leading alternative managers, collectively representing $35B in funds under management. The transaction will be earnings accretive, accelerate NGI's move up the value chain into product manufacturing and also diversify NGI's earnings, underwriting a very healthy 9% dividend yield (at current trading of $1.60.)

Here’s why small caps will continue to run and 3 ways to play it

This investor fervour, variously known as the reopening trade, was directed towards those domestic companies whose earnings will benefit from a surge in personal consumption courtesy of Government safety nets, JobKeeper and JobSeeker as well as access to the largest savings pool in 50 years. It...

www.livewiremarkets.com

 

[fergee]

and that was about it for that bout of enthusiasm. Got to $6 in August 2018, then a retreat, rout even, to its current post Covid torpor.
View attachment 113903
Still expecting 20% fee reduction, despite some equity-based strategies and its platform services offering performing well.

One fund manager, Eley Griffiths, sees some upside for its fund (Ah the life of an asset, held in a fund by another fund; no wonder performance can be muted, everyone taking a clip)

Here’s why small caps will continue to run and 3 ways to play it

This investor fervour, variously known as the reopening trade, was directed towards those domestic companies whose earnings will benefit from a surge in personal consumption courtesy of Government safety nets, JobKeeper and JobSeeker as well as access to the largest savings pool in 50 years. It...

www.livewiremarkets.com

I'd rather to be manager rather an investor in these "things".

 

[greggles]

and that was about it for that bout of enthusiasm. Got to $6 in August 2018, then a retreat, rout even, to its current post Covid torpor.
View attachment 113903
Still expecting 20% fee reduction, despite some equity-based strategies and its platform services offering performing well.

The party is definitely over for NGI... for now. The five year historical performance tells the story.

There will be a bottom, eventually. But when that will be is anyone's guess. COVID-19 is far from over and NGI will no doubt suffer from further fund outflows under the global economy has stabilised.