Literacy Cap Share Price (BOOK)

"52% premium to latest carrying value"

And only a 2% increase in the share price,?

You should not have any problem finding BOOK on HL

I have Literacy capital in a HL SIPP

Hi All,

I deal with Halifax & HL and can’t seem to find BOOK / BOOK.L / Literacy Capital PLC. ?

Any advice? Or am I missing something obvious.

I don't always assume that high percentage ownership by management and directors is a good thing.

Symphony international is an example where management and directors are clearly working for there own good and not the rest of the shareholders.

I have just started investing in this company.

I intend on making it a large percentage of my portfolio.

UK only. UK cheap no FX worries.

Very small to small businesses. Again cheap.

Some excellent sales with 50% uplifts.

Returns 10x costs.

They look to me like they have a niche in the private equity investment trusts sector.

I like niches!

I would like to buy in my ISA but it's with freetrade and not available in there .

Probably in the future.

In the meantime a small investment in my SIPP.

3i my biggest investment followed by HGT. Intend on making this my second largest investment. Soon I hope.

Long time lurker here. I was just checking the latest list of major shareholders on SharePad and out of the 60 million shares in the market. Paul, Richard and Deidre Pindar hold 26.8m shares (44.6%). The other directors hold 4.4m shares (7.3%) between them. So family + directors = 31.2m shares (52%). The other major shareholders own 10.3m (17.2%). In total, these major shareholders hold 41.5m shares, that is 69.2% of 60m shares. This leaves 18.5m shares held by non-Major shareholders.

I looked at the trading over the last 6 months and the mean daily number of shares traded was circa 19,000 shares per day (circa £100k a day); on a median basis it was about 13,500 shares per day (£67k a day). With circa 250 trading days a year, that means the market is trading through 4.75m shares a year at current rates.

So the observation is that at current trading rates it would take 3.9 YEARS to churn through the 18.5m non major shareholders.

Literacy have yet to prove material levels of exiting/harvesting portfolio companies, but surely this would pop if the was a material change in NAV in the future?

Appendix: Major shareholder information from SharePad:

Paul Richard Martin Pindar - Chairman - 17.0m shares (28.3%)

Richard Pindar - Director - 6.4m shares (10.7%)

Deidre Pindar - - 3.4m shares (5.6%)

Simon Richard Downing - Director - 3.3m shares (5.4%)

Martin Bolland - - 3.0m shares (5.0%)

Nicholas Robinson - - 3.0m shares (5.0%)

Generational - - 2.4m shares (4.0%)

Nicholas Humphries - - 2.0m shares (3.3%)

Kevin Peter Dady - Director - 0.7m shares (1.1%)

Christopher Sellers - Director - 0.4m shares (0.7%)

Rachel Murphy - Director - 0.1m shares (0.1%)