Matthew Read comments on the IEM tender in Linus Uhlig’s article: “Viewed one way, this whole saga looks like a futile exercise. Saba forced through its agenda by overriding the wishes of independent shareholders in what appeared to be a scramble to corral assets under management, only to throw in the towel at the final […]
James Carthew comments on the delayed Visma IPO in Barney Macintyre’s article: “[The IPO] would have been a really big realisation. They would have looked to try and do it at a premium to the carrying value. It would have been wonderful,” Read the article here
James Carthew comments on the low turnout for IEM’s tender in Patrick Sanders’ article: “surprisingly low turnout for such an important question..That suggests to us that Saba did not vote,” Read the article here
James Carthew comments on IEM’s tender and low turnout in Linus Uhlig’s article: “It feels inevitable to us that there will be some shares that were not tendered and the fate of those shareholders and the rump trust is, as yet, unknown. Will Saba have retained a big enough stake to control its future?” Read […]
James Carthew pays tribute to Mark Mobius in Patrick Sanders’ article: “His enthusiasm for the asset class, even in the face of the dramatic sell-off in the late ‘90s and the many twists and turns since, was infectious. RIP.” Read the article here
Richard Williams comments on PCT’s exposure in Val Cipriani’s article: “Polar Capital Technology has a far greater exposure to mid-cap hardware names that are benefiting from the hyperscalers’ huge capex budgets.” Read the article here
James Carthew comments on managing a portfolio of trusts in Val Cipriani’s article: “In theory, investment trusts are the ultimate ‘buy and forget’ investments – not that you should neglect to keep an eye on your portfolio, but you should at least be able to take comfort that if something is going wrong, the board […]
James Carthew: Will rising energy prices really aide struggling renewables? A spike in power prices has given green energy trusts a much-needed boost in recent weeks, but it may not be a long-term solution to its problems. SDCL Efficiency Income (SEIT) has become the latest renewable energy investment company to propose a managed wind down […]
James Carthew comments on the blocked EWIT tender offer in Patrick Sanders’ article: “Saba has said it will block any attempt to hold a tender before it seizes control. With the shares trading fairly close to NAV, I opted to sell mine this morning,” Read the article here
James Carthew comments on SEIT’s decision to wind down in James Crux’s article: “The statement makes it clear that it is not easy to make disposals in the current environment – so let’s not rush things. At the same time the portfolio is generating significant cash flows that could be used to pay down debt. […]
