Matthew Read comments on Saba’s latest requisition in Patrick Sanders’ article: “In a repeat of its previous tactics, it seems intent on repeatedly requisitioning USA in the hope that other shareholders eventually tire of the process, allowing it to gain control of the board through a war of attrition.” Read the article here
Matthew Read comments on Saba’s USA requisition in Ali Lyon’s article: “The Financial Conduct Authority has proposed changes that, if enacted, should make it harder for large shareholders to use the system in this way to the potential detriment of smaller investors. However, we are not there yet.” Read the article here
James Carthew: The only India trust bucking the downward trend India Capital Growth has made positive returns whilst all its peers sank over the past year, yet is trading on too wide of a discount. Not that long ago, India was the place to be for investors. But after a strong run, its equity markets […]
Matthew Read comments on Saba’s USA requisition in Jonathan Jones’ article: “In a repeat of its previous tactics, it seems intent on repeatedly requisitioning USA in the hope that other shareholders eventually tire of the process, allowing it to gain control of the board through a war of attrition.” Read the article here
David Batchelor comments on Saba’s wind-down GSF proposals in Patrick Sanders’ article: “We agree with Saba that GSF’s discount is too wide, but its attempt to force a wind-down at this point is way too short-term in our view, and risks eroding significant value by turning GSF into a forced seller.” Read the article here
James Carthew comments on Pershing Square’s revamp in Val Cipriani’s article: “The portfolio feels increasingly mainstream to me and I am struggling to see how the 1.5 per cent annual management fee is justified,” Read the article here
James Carthew looks at his defensive picks from 3 years ago and refreshes them in Jennifer Hill’s article: “The manager is highly focused on avoiding downside risk where possible,” says Carthew. “With equity markets looking pretty expensive, GCP’s steady returns may prove relatively attractive.” “It seems likely to me that the AI capex boom will […]
James Carthew comments on Ceiba’s wind-down and US sanctions list in Michelle McGagh’s article: ‘In Ceiba’s case, his ability to use the US sanctions regime to effectively dictate the behaviour of non-US entities is troubling,’ Read the article here
James Carthew: The ‘get rich quick’ zeitgeist is hurting investors in the long run Investment trusts are being brushed aside as investors pursue flashier products such as ETFs, but it may be costing them more than they think. Three articles got me wondering about how to tackle investor education last week. First there was a […]
James Carthew: Schroder Oriental Income thrives on Asia’s inefficiencies Richard Sennitt has a tried and tested skill for finding mispriced companies that deliver a good total return as well as a growing income. Schroder Oriental Income (SOI) can boast that it is both the largest and the best performing of the trusts in the Asia […]
