Google Finance
Filing
Feb. 11, 2015
2014 Q3 Data
1.Major Business.
This is kind of a close end hedge fund which is running as a corporation. Similar to Urbana.
2.Balance sheet.
Recent price is $162. Shares 2.79m. NAV at end of Sept. 30 is $221. Which implied an discount at 70%. However, based on Saj's writing below, Q4 2014 it should have quite a bit increase in NAV.
Senvest Master Fund (Senvest Partners fund) : 43%
Senvest Israel Partners, L.P: 48%
3.Credit facility.
4.Financial data by years.
5.Insider holding, options, Insider trading info, share buy back.
6.Management compensation.
2013 top 3: $3.5m
7.Employee numbers. Revenue/Employee. Compensation/Employee.
8.Industry comparison.
9.Auditor
10.Major events.
11.Comments.
(1) Based on my calc, assuming Israel Partners is about 1/10 the size of Master Fund, assume the none fund assets stay the same value except currency exchange value. Thus would give a current NAV around $255/share. Current share price $162 is around 64% of NAV.
(2) The company is way more complicated than URB. Also it is much less transparent. It had generated quite decent return during the past. But need more study to figure out how they invest despite the current price is quite a discount to its NAV.
12.Links
http://www.oddballstocks.com/2013/04/anyone-can-invest-in-this-above-average.html
http://www.barelkarsan.com/2015/01/senvest-capital-deep-value-growth.html
10.Major events.
11.Comments.
(1) Based on my calc, assuming Israel Partners is about 1/10 the size of Master Fund, assume the none fund assets stay the same value except currency exchange value. Thus would give a current NAV around $255/share. Current share price $162 is around 64% of NAV.
(2) The company is way more complicated than URB. Also it is much less transparent. It had generated quite decent return during the past. But need more study to figure out how they invest despite the current price is quite a discount to its NAV.
12.Links
http://www.oddballstocks.com/2013/04/anyone-can-invest-in-this-above-average.html
http://www.barelkarsan.com/2015/01/senvest-capital-deep-value-growth.html
