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Yes I think it's unlikely to sell action any time soon.
3i group is normally on 20% premium, on 4% discount at the moment.
Presently up 14% from a purchase on 29th June and a smaller one mid July. Happy
NAV now 1406 so currently trading at a whopping discount. Action has resumed it's remarkable growth story and (as you rightly say SD235) now represents slightly over 50% of the entire portfolio. I assume at some point iii will sell a further tranche but why would they do it now when sales & profits are growing at such a rapid rate? I'm guessing 2024/5, maybe a further 20 - 25%? It depends how much control they're prepared to cede. In the mean time, this looks an excellent investment, going from strength to strength. Sooner or later the SP will reflect that, but don't hold your breath. K
Have I read this right? Action is now 50% of nav?
I forgot they are in negotiations to sell a company at well above its portfolio value.
From this site "There are currently no open short positions in 3i Group."
They also say there is no historical short position.
Looking at the shares/companies they own a fairly large amount in the infrastructure sector (low risk.... supposedly) the remainder seem to be profitable companies.
I can't remember where I read but an expert said
that some private equity companies are Ponzi schemes! Also another one said "smell the coffee". Not talking about the investment trust private equity sector. Also lots of the non investment trusts have very large debt and If they own "jam Tomorrow companies" and have high gearing they maybe in trouble due to interest rate rises. For instance they may not be able to continue funding there investment and have there debt called in.
Bought some today will use dividends from shares (not specifically 3i group) to buy more. Just moved to freetrade can buy in small amounts with no stockbroker fees.
In my view short sellers are reading across from US retailers such as Target and betting 3i’s largest investment will struggle due to the oil/gas price shock/inflation and higher interest rates. They think consumers will tighten their belts and it will adversely impact European retailers.
any suggestions are welcome..
...I seem to have entered here at whatmight be a good point. Between these and my 3!N I now have about 12% ofmy PF in these two and that's pleasing at my time of life!
i'm NOT registered...sorry
thanks, just a quick summary? (i'm note registered and i'm not english..)
Quite a lot of chat on the https://uk.advfn.com/forum/search forum
what happend today?? why that dip?
...chunk, to go with my long-held 3IN. May go lower but look solid value.
Holding up well in current climate. Usually gets crushed in choppy markets. Not often trading near asset value. Consider this on sale. Like to see Directors agree (£).
Interesting profit boost (and Equity/NAV), although with recent challenges most businesses are faced - it might not hold over the longer term.
Yesterday at this time 8.45am 3i had plummeted £0.84 to £10.73 and recouped most of its losses to close down £0.16. A day later it’s up £0.37 at £11.76. These price movements are nothing to do with the underlying value of the business. Short sellers are hoping long term holders will capitulate. GLA.
Sold 3i infrastructure and added to 3i group which looks a good bet for the mid to long term growth.
..
Directors starting to buy significantly once again after a long barren spell.
Growing, growing, growing and then gone in an IPO..
part of the 3i stake only initially would think.
How much is Action going to be worth to 3i come IPO time...?
Action's market value was c. £11bn of which iii stake was worth c. £5.5bn at 30 June. Hopefully up a bit since then if trading has been in line with expectations. K
So if I'm looking at this correctly, 3i value
a circa 50% stake in Action at circa £5 billion??
Can anyone confirm if that is correct? - thanks.
It looks a steep valuation ?.
It was difficult very lately, from the usual outlets, to find information when this update was to happen. Convenient that they posted an update a day after Bridgepoint floated with the shares rising, in part, on the back of this succesful debut. Then rising again today on the strong update. Smart management or just a coincidence?
If you believe 3i's presentation from a few years ago then Action could well be achieving €10bn in sales well before long. Those amounts allow you to just keep growing.
action is going at at least double in size over the next few years. all things being equal this should take the 3i shares up towards 15-16 quid at a minimum. one of the best shares you can hold. add on weakness.
Once again there is a portfolio update. All seems well and the shares are in demand. Mr Market likes the numbers, too.