James Carthew comments on SpaceX’s valuation in Barney Macintyre’s article: “The SpaceX valuation feels absurdly high to me,” Read the article here
Matthew Read comments on SCP’s tender offer with Saba exit and standstill deal in Linus Uhlig’s article: “Saba gets a route to exit at close to NAV, while remaining shareholders avoid the prolonged uncertainty and distraction of an activist battle. The three-year standstill agreement removes the immediate threat of further agitation, giving the board and […]
James Carthew: Oakley Capital selloff is way overdone The private equity trust’s discount has stretched to become one of the widest in the sector, yet its portfolio is better positioned than some of its peers. Oakley Capital (OCI) has been busy diversifying its portfolio in recent years and has taken stakes in some truly exciting […]
James Carthew comments on private equity valuations in Val Cipriani’s article: “I think the main hold-up for exit activity is uncertainty around the Iran war and its impact. In software, there is a definite agentic AI impact that will take a while to get over,” Read the article here
Matthew Read comments on Seraphim Space and HawkEye in Holly McKechnie’s article: “As a growth capital fund, Seraphim Space’s strategy is to realise value over time and recycle capital into new opportunities, so a gradual sale should be expected.” Read the article here
Richard Williams comments on the LondonMetric/SREIT offer for Picton Property Income in Lauren Hardy’s article: “SREI shareholders will come out of this proposed deal very well, with its portfolio swelling by around £375m and its portfolio weighting largely unaffected – meaning it will continue to be tilted towards the higher growth logistics sub-sector.” Read the […]
James Carthew: Blue skies ahead for technology trusts Leading tech trusts have re-positioned their portfolios ready to capture sky-high returns. I am delighted that Herald (HRI) has a future but Saba’s absurd pretence that it has done HRI’s shareholders a favour really grates. The costs that HRI has run up, the burden that this episode […]
Richard Williams comments on Saba’s Workspace requisition in Patrick Sanders’ article: “the plan to sell assets into a market that is devoid of activity due to the heightened geopolitical and economic uncertainty, whilst also revealing its hand as a ‘forced seller’ is preposterous” Read the article here
Matthew Read comments on TRIG asset disposals’ plan in James Crux’s article: “now is not an especially attractive point in the cycle for large-scale disposals. Against that backdrop, TRIG’s strategy of selectively recycling capital over time, rather than pursuing wholesale asset sales, appears well judged.” Read the article here
James Carthew comments on the Aberdeen deal to secure Herald in Alex Sebastian’s article: “I’m delighted that a way has been found for Herald to continue. It is a coup for Aberdeen to secure the trust and the services of Katie and her team.” Read the article here
