Schroder Uk Pub Share Price (SUPP)

Given recent events, I think they should invest in Reaction Engines and get the US State department to buy their superior hypersonic products. Best be safe than sorry.

ONT might well be dragging down the NAV but the buyback will have no effect on the NAV itself, only, theoretically, on the discount to NAV.
Seems clear they don't have much ammo (cash) for a meaningful buyback anyway.

Sorry, should have read
*How much cash they have was NOT stated*

Tim Doig said they were in a net cash position at the webinar at the end of April.
He said they had dipped into the revolving credit facility to fund investments whilst waiting for the £12m to come through for seedrs .
How much cash they have was stated however.
It can't be much, less than £9m would be my guess.
The NAV is being dragged down by Oxford Nanopore.
IPO at 425p
Rose to over 700p.
And now trading at 260p
Roger said that Schroders believe that there was some upside still on the table at the IPO price and that the company have exceeded their expectations pre IPO.
If you trust Schroders judgement the only way is up!

Wow, so they've actually commenced the buyback? With what money I wonder? Proceeds from past sales I presume, because I doubt the SUPP portfolio produces a yield... Anyway, if there is spare cash lying around, this is a better use of it than new investments I think.