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
James Carthew comments on Aberdeen’s deal to secure Herald: “I am 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
Matthew Read comments on Saba’s exit from Herald in Chris Dorrell’s article: “By building such a large position in Herald — at times even buying at a premium — Saba effectively backed itself into a corner. We believe this ultimately forced it, albeit reluctantly, into a compromise that it may not feel compelled to offer […]
James Carthew: Two glimmers of hope for investment trusts Seraphim Space’s £350m fundraise and investment trusts’ inclusion in the Pension Bill provide some good news for the sector. While I’m disappointed about the Edinburgh Worldwide (EWI) annual general meeting (AGM) result last week, it was already feeling like a foregone conclusion, hence why I sold […]
James Carthew comments on the new US shareholders in EWI in Patrick Sanders’ article “We do not know who they [the US funds] are because no disclosures have been made, but it would be fascinating to know what they think is the benefit of buying EWI very close to asset value and handing it over […]
