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AURR Aurrigo International Plc

95.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aurrigo International Plc LSE:AURR London Ordinary Share GB00BNG73286 ORD GBP0.002
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 95.00 1,000 01:00:00
Bid Price Offer Price High Price Low Price Open Price
90.00 100.00 95.00 95.00 95.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 5.3M -2.2M -0.0527 -18.03 39.58M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:07:49 O 1,000 98.80 GBX

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Date Time Title Posts
10/3/202410:37Aurrigo International PLC9
25/12/202210:57Aurora Russia Limited (updated with investments)488
20/6/201423:37*** Aurora ***-
27/8/200922:35Aurora Russia Limited210

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Aurrigo (AURR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 08:07:5098.801,000988.00O

Aurrigo (AURR) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Aurrigo Daily Update
Aurrigo International Plc is listed in the Motor Vehicle Part,accessory sector of the London Stock Exchange with ticker AURR. The last closing price for Aurrigo was 95p.
Aurrigo currently has 41,666,667 shares in issue. The market capitalisation of Aurrigo is £39,583,334.
Aurrigo has a price to earnings ratio (PE ratio) of -18.03.
This morning AURR shares opened at 95p
Posted at 30/12/2022 14:57 by my retirement fund
Huge premium to float price but falling back.
Posted at 02/8/2016 00:37 by stemis
Final distribution 0.042p per share, so £30. Better than nothing I suppose...
Posted at 22/12/2015 09:56 by stemis
So a sale of Unistream for $4.975m (or £3.34m) and a potential distribution of £4.5m, which is around 12p a share.
Posted at 14/12/2015 08:18 by stemis
Three interesting pieces of information in the latest results

1. they have reclassified the investment in Unistream as current, meaning they are pretty confident of a sale in the next 12 months

2. the investment has been written down to £3.4m based on an indicative offer. Overall that would give a NAV of 12p a share (=£4.7m). Adding in the share buyback in April that puts the total resulting distribution to shareholders at £5.4m right on the threshhold for incentive payments to directors and the investment advisor.

3. The investment advisor seems to have received a performance fee of £68,000. According to the announcement on 31 March

"The Company has also entered into a new incentive arrangement with Nicholas Henderson-Stewart (the Company's investment advisor, the "Advisor") under which the Advisor will receive an additional incentive fee based on distributions to Shareholders made subsequent to the date of this announcement. The percentage of the distributions to Shareholders payable to the Advisor will vary according to the value and timing of such distributions, with no payment being due until distributions exceed approximately £5.3 million and the payment being capped at 4% of such distributions."

So how did he get £68,000???
Posted at 25/11/2015 10:41 by stemis
Interesting positive update.

"Notwithstanding these obstacles the Board believes that it will be able to realise the asset in the near term. The Bank remains an attractive company due to its consistent growth, strong market positioning and cash generation."

Current NAV is 18.8p. The board and investment advisor are incentivised to return at least £5.3m to shareholders which would be 14p. I can't imagine they'd be interested in less, so current price of 9.125p looks good value. The overhead rate of £380k a year is about 1p a share.
Posted at 10/4/2015 11:44 by gfrae
Thanks,Papy. So now with 44.6m shares outstanding the market cap is about £4.7m and the net cash is presumably now about £2m after the share buy back. So all depends on what they cab sell Unistream for.
Posted at 10/4/2015 11:04 by papy02
I'm only paying attention to Tim Slesinger selling his full 15%.

That says a director holding a large stake thinks more than 10p from here is not a slam dunk. I would have increased my stake if he had sold materially less than his entitlement, but as it is, this is bearish, so I will stick.

I can understand other non-BoD (pension funds etc) preferring the certainty of 10p for 15% of their holding - given this is now a roll of the dice on what Unistream can be sold for, and there is no recent guidance from AURR on their expectations - so I don't think this non-BoD takeup is necessarily bearish.
Posted at 09/4/2015 21:57 by stemis
Looks like the directors are going to manage to line their own pockets after all. Having presided over a fall in NAV from over £1 a few years ago to only 24p now, they have negotiated an increase in their fees that kicks in if they manage to return 17p a share to shareholders. That basically involves selling one investment.
Posted at 07/4/2015 15:34 by papy02
Azalea, do you have a link re your 460? I can't see an RNS or other news re John Walton (BTEM) 5% stake? Many thanks.

Are you a holder, may I ask? Do you have a view on the 10p share buyback on April 10th? It seems light on details - no director intentions re their holdings, no NAV comments.

I've speculatively bought a small position today at 10.74p, as

- "The Directors will receive a net reduction in fees until distributions to the Shareholders exceed approximately GBP5.3 million", which I make over 12p/share after this buyback (assuming full takeup of the buyback at 10p, and that my maths is right!). The new advisor performance incentive also cuts in at £5.3m

- My estimate of proforma NAV comes out at 18.3p/share after the buyback (again if full takeup), assuming no change in the Rouble valuation of Unistream (but allowing for Superstroy sale, rouble depreciation vs £, other costs and fees, etc). Against that, AURR NAVs have been all over the shop (admittedly in an unprecedented environment).

- What they will actually get for their Unistream stake is unknowable. If the outcome is anything like happened with Superstroy (sold for over double the last book value) then there is a lot of upside. The last Superstroy book value was savagely marked down before then selling at that premium. Unistream stake was not marked down (in fact up a bit) in the last results but maybe a similar kitchen sink pessimism was applied? Against that, an up to 6-12mo schedule to sell it may encourage a fire-sale approach by potential buyers of the stake?

- The Directors have a significant interest, in the shape of Tim Slesinger (who historically sold OSD to AURR and still has a sizeable AURR holding afaics) so the BoD is hopefully more aligned to shareholders than in the typical closed-end fund windup. He participated in previous tenders. It will be interesting to see if he participates in the Buy-back. I suspect he will, but if he doesn't that would be a further bull point.

- Obviously there are no end of risk factors - rouble, Ukraine, effect of sanctions, etc etc. So a speculation not an investment. Not for grannies/orphans.


Comments and thoughts welcome.
Posted at 05/2/2015 11:01 by blackpoolsteve
Agreed gfrae,share price decline over the last 5 years speaks volumes. I rest my case compared with SRE. Board are a disgrace
Aurrigo share price data is direct from the London Stock Exchange

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