Why isn't this underperformer a target for a predator or a reversal?30 May 2026 13:02
An answer to the question, posed in the "subject" might be that the Board has announced a change in strategy, necessitating the liquidation of this trust's portfolio. However, SBO's portfolio is small and Schroder's status & clout in the City is still significant, four decades after "Big Bang", so shareholders are justified in asking, at the very least, "Why is progress so slow?".
As an Investment Trust, SBO publishes regular portfolio valuations, as well as Portfolio Rankings by market value of its main investments, and, of course, SBO publishes the resultant NAV per share.
In my opinion, the announced change in strategy, hasn't generated interest sufficient to reduce the discount on NAV per share to the market price per share; the absence of dividend offers no reward for a patient shareholder, and regular monthly updates on progress in change in direction might, at least, allay any despondency. C'mon ! More updates required, please.