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Gresham House present at our Leeds seminar on the 21st March, which may be of interest to current shareholders and potential investors. More details here: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-leeds-21-march-2018/
Gresham House present at our Leeds seminar on the 21st March which may be of interest to investors. More details here, https://www.sharesoc.org/events/sharesoc-growth-company-seminar-leeds-21-march-2018/
Following the FSA investigation on charges a charge of over 4 times that of most funds seems very very excessive. Does Gresham House have a history of making high charges, and does that benefit the shareholders??
At 30 December 2016 the unaudited net asset value (NAV) per ordinary share was 1,043.0 pence.
Gresham House Strategic (GHS) was formerly known as Spark Ventures until it appointed Gresham House as its investment adviser in August 2015. The deal included an injection of share stakes into the company, which had sold its investments other than its stake in mobile software developer IMImobile, by Gresham House. The focus is profitable and cash generative businesses and in some cases the investment manager works with the investee companies to enhance their prospects. Investments include investment manager Miton (MGR), oil sector equipment rental business Northbridge (NBI), publisher Quarto (QRT) and recently floated cosmetics firm Warpaint (W7L). Plenty of cash to invest in additional companies In November NAV was estimated at 1025p a share Portfolio made up of large stakes in small quoted companies Nice exposure to a portfolio of growing small companies. 1000 target this year
...buy £1 for about 75p, regarding the NAV to the sp.
Notes a loss due . . . to payment to the former investment manager of a £2.3m incentive fee . . . . . and still they made a loss, hardly surprising I suppose. It's a good read all in all, a lesson in how to lose money and get a fat cheque for doing it. Of course that's not what happened . . he would argue - well he would wouldn't he!!!