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navrainvest shares for sale on ebay

Discussion in 'Managed Funds & Index Funds' started by just do it, 13th Nov, 2006.

  1. just do it

    just do it Member

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    Last edited by a moderator: 13th Nov, 2006
  2. tropic

    tropic Well-Known Member

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    May I ask why you are selling them on ebay, not by simply withdrawing the fund?
     
  3. Alan

    Alan Well-Known Member

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    Tropic,

    I would assume these are shares in the NavraInvest Company, not Units in one of the Navra Managed Funds.
     
  4. just do it

    just do it Member

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    navrainvest shares (company)

    that assumption is correct.
    The shares are shares held in the company Navrainvest which is the company that owns the funds
     
  5. TryHard

    TryHard Well-Known Member

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    Hi JDI

    Judging by your other eBay sales of NI shares you've accepted $1 per share or therabouts (the last official offer sold at $2.50 per share, so you're along way below that). Presumably you're one of the earlier shareholders to be willing to let them go at $1-ish ?

    Cheers
    Carl

    EDIT ... PS and why ? is I guess what I was trying to ask :p
     
  6. just do it

    just do it Member

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    Carl,

    The market is what it is. Like in all things the value is what a buyer is prepared to pay.

    Reason: Putting second floor extension on house .....cashing in some assets to fund same

    JDI
     
  7. APerry

    APerry Active Member

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    Hi JDI,

    If you want to sell shares worth $2.50 for $1 I'd be happy to pass your details on to David Tweed.

    Regards
    Alistair
     
  8. TryHard

    TryHard Well-Known Member

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    Still sounds cheap to me mate. If I wasn't currently skint, I'd be on eBay for sure :) Does Steve Navra know you're selling 'em for a dollar ?
     
  9. Simon

    Simon Well-Known Member

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    These shares aren't listed and traded on the secondary market or the ASX. So there is no publicly available offers to determine the value.

    As the vendor states - these are worth what the market is prepared to pay. Advertising here and on eBay is probably the best way to find a buyer. Unfortunately the Navra shares mean little to folks who aren't aware of the Navra story - pretty small market I guess.

    They might have sold recently for $2.50 but given the last few eBay sales have been around the $1 mark then I suspect that is the value today.

    That is the markets view of their worth.

    What are they intrinsically worth? Anyone?

    Even if they are worth $2.50 based on assets, dividend etc etc - I am not at all sure that this could be recouped if sold prior to Navra listing on the ASX. I suspect that is the goal most holders have. If I owned these shares I would be tucking them into a drawer.

    Cheers,
     
  10. TryHard

    TryHard Well-Known Member

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    Me too :) In fact that's what I've done. I just wish they cost me $1 not $2.50 :D

    PS there's a thread along the lines of the value idea at :
    http://www.invested.com.au/62/some-navrainvest-shares-sale-607

    Last time I saw a sale on eBay other than JDI's I think they sold for the last offer price - ie. $2.50