Investment trust insider on Seraphim Space – James Carthew: Seraphim Space bumps back to earth Just 10 months ago, Seraphim Space (SSIT) managed to raise £150m from investors in an oversubscribed initial public offer. Stakes-for-shares swaps expanded the company, exuberant markets drove the shares to a 32% premium above net asset value (NAV), and by […]
Sam Benstead from interactive investor, 11th May 2022: The stock market rout this year has created a rare opportunity to buy shares in investment trusts run by star managers at large discounts to the value of their investments. Headline bargains include a 38% discount on Pershing Square Holdings run by Bill Ackman, a 10% discount […]
Kathleen Gallagher, Investment Week, 11 May 2022: At the beginning of this week (9 May) the JLEN Environmental Assets trust flagged that its Q1 NAV is likely to be 13-15% higher than the end of last year. The trust, and a number of its peers, are sitting on double digit premiums as they benefit from, […]
Investment trust insider on LXI REIT – James Carthew: Happy long returns to ‘eclectic’ LXI Reit LXI Reit (LXI) recently celebrated the fifth anniversary of its initial public offer (IPO). The trust launched in February 2017, raising £138m versus an original target of £200m. Any initial disappointment is presumably long behind it as the trust […]
Investment trust insider on China – James Carthew: The China trust I might add to my mix I have just survived my first brush with Covid and, presumably thanks to the vaccinations I have had over the past year or so, was fortunate that the symptoms were mild. I know there are people who worry […]
Eve Maddock-Jones, Senior reporter, Trustnet, 28 April 2022: In the midst of heightened market volatility Trustnet asks fund pickers which portfolios can provide attractive returns, diversification and defensiveness all in one offering. Personal Assets Trust and Alliance Trust are some of experts’ preferred ‘one-stop-shop’ options for investors seeking a core portfolio allocation. One-stop-shop portfolios are […]
Investment trust insider on Petershill – James Carthew: Petershill, a complex play on ‘alts’ growth One of the more unusual new investment companies coming to the market last year was Petershill Partners (PHLL). It started trading on the premium segment and main market of the London Stock Exchange in early October at 350p per share, […]
ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 23 April 2022: Below the stalwarts of the FTSE 100 – the index of Britain’s biggest companies by market capitalisation – lies the lesser known FTSE250 Index… The FTSE250 has so far underperformed its big brother this year. While the FTSE100, comprising the likes of BP, Next and Royal […]
Mary McDougall, Investors’ Chronicle, 21 April 2022: The past five years or so have been decidedly mixed for commercial property investors. On the one hand, Brexit, the pandemic and the rise in flexible working have upset demand patterns for office space and high-street shops. On the other, investors focused on industrial, logistics and warehouse assets […]
James Crux, Shares Magazine, 21 April 2022: Rising interest rates since the turn of the year, runaway inflation and Russia’s shocking invasion of Ukraine have shaken the investment kaleidoscope in 2022 and forced many investors to reposition portfolios for an increasingly uncertain world… COMMODITIES TRUSTS IN DEMAND Precipitated by the supply/demand imbalances caused as global […]
