Hansa Inv. Share Price (HAN)

There are several reasons why buy backs won't happen.
The official reason: The Board believes that share buybacks can only offer a short-term solution. To buy back
shares would increase risk concentration, as the proportion of the portfolio invested in Ocean Wilsons would increase which the Board wishes to avoid. The Board continues to provide transparency of dividend and buy back policies to shareholders in documents and presentations.
The unofficial reason: Directors are also large shareholders (Saloman family). But also that the charges are 2.02% buy backs would increase the percentage (spread among fewer shares).

The NAV is in a £3 to £3.10 range. But the look through on Ocean Wilsons is 50% discount to NAV so is worth another £0.40.

This is on a 50% discount to NAV whereas historically both Wilsons and Hansa were on a 20% discount. Suggesting there's a 65% (£1.05/share) upside, solely on the discount reverting and let alone its overlooked purpose (As driven by the Saloman family) for wealth preservation.

Is NAV around £3.08? Discount perhaps a permanent feature just liken at Ocean Wilson? However seems trend to unbundle in some markets. If that were to happen would be pay day butn seems somewhat remote chance with this and Ocean wilson.

I agree. I’m patiently holding this thing until the discount narrows and will then sell.

Isn’t it about time Hansa started buying back its own shares? At the current discount it would produce a better return than some of their investments.About time the controlling families and the supposedly independent directors injected some modern day thinking into managing this trust?

Not so long ago this was 168p to buy. Going to average up here as the rerate is underway.