There is not much interest apparent in JBH on BBs
or in the media, which is
surprising as its SP has been steadily gaining over the past year.

The cryptic maths in the thread title, is intended to show that the epic jbh,
represents the company jab holdings, which in turn has EDIT a 21% share in
USA company RM motors. However my maths is never very good and the actual %
is lower - still a decent 21% though! The chart for jbh speaks for itself:



It holds a c. fifth share in American classic car auctioneers RM and
has interests in Canadian equivalents. The Classic car auction market
appears to be booming over there of late. Possibly a reason is the
desire of many to hold some alternative investments that are also
a pleasure to own in more tangible form than a share certificate.

I have been averaging up over the past few months but even so
my holding is showing an overall 40% paper gain. JBH's results are
due in a couple of weeks and if the press reports of RM's auction
results are any fair yardstick, JBH's profits (it takes a big % divi
from RM) should be first rate. There is a possiblity
of some corporate action eg a reverse t/o. A large % of the shares
are family controlled and shortage of stock can lead to
sp volatility.

My target atm is for a 1 bagger but so far am only 40% there!

DYOR

JBH's HQ did ring back (itself a positive point for an
individaual investor) to say the the results would be out in
"mid November". So any time next week?

March 2005 interims statement included the following:

Quote:

"I am pleased to report that RM continues to perform well. The trading results of
the RM Group for the half-year to 31 December 2004 were ahead of the previous
year's and the sales results of the auctions held to date in 2005 have exceeded
management's expectations.

Your board is concerned that the market undervalues JAB's stake in the RM Group
of companies and we are exploring ways to correct this. We are also taking steps
to increase the dividends paid by RM."



JBH has a large stake in American and Canadian
RM classic car auctions Cos.

I've been topping up since March 2005.
But defintely DYOR!

Results due shortly

Monday possibly; next week probably.

We await the results within the next few days.
After the equivalent results last year the IC reported
and commented:

"15 April 2005

JAB (JAB)

JAB was a shell launched in May 2000, and made just one investment before returning cash to investors a year later. But that investment - 21 per cent in RM Auctions, a US classic-car auctions business - looks better all the time. A key factor is its commitment to pay half of post-tax profits as dividends and, last year, RM reported profits of $1.6m. It's not treated as an associate but, in 2003-04, income from RM of 142,000 meant that it broke even. Last year, JAB paid 639,000 for the same size stake in a second associated auction.

Ord price: 0.36p Market value: 1.55m
Touch: 0.33-0.4p 12-month High: 0.4p Low: 0.23p
Dividend yield: nil PE ratio: 133
Net asset value: 0.5p Net debt: 4%

Year to Turnover Pre-tax Earnings per Dividend per
31 Mar (m) profit (000) share (p) share (p)
2003 ? -127 -0.03 nil
2004 ? 10 0.00 nil
% change - - -109 -
Market makers: 3
Traded on Aim
Last IC view: none

Entrepreneur Julian Treger's family own 29.9 per cent. Speculative buy."

Interesting for several reasons; NAV being above SP
for one; the sp then only maginally lower then than now
for another;
the reported v. successful RM auction sales since April 2005
and of course the v. low profile on publicity
by JBH itself. Recent shareholder lobbying of the board, may change
the latter.


dyor

T/O announced after hours:




LONDON (AFX) - North Cross International Limited, a newly created company, has made a recommended offer for JAB Holdings Ltd at 0.475 pence cash per share, valuing the whole of JAB at 2.0 mln stg.

North Cross International has received irrevocable undertakings to accept the offer in respect of 260,277,177 JAB shares, representing approximately 60.62 pct.

North Cross International is a newly formed company for the purposes of making the offer and is controlled by discretionary trusts under which Julian Treger, a JAB director, is a potential beneficiary

Disappointing imho - I'd prefer to stay in for the longer term