HONY.L Share Price (HONY)

https://www.proactiveinvestors.co.uk/companies/news/994775/honeycomb-investment-trust-changes-name-to-pollen-street-plc-994775.html

Totally understand the frustration here. The yield reduces to around 7.5% at the current price so I will hold on for now.

I agree this is bad governance by the board as retail shareholders are being stuffed by directors who are only interested in their institutions. I mailed the company and suggested if they were so confident then why not allocate some cash to a tender as other Investment Trusts have done for material changes. You can find a link on the company website. I urge all those holding to raise this issue as it is important we are not lost in the mire. It seems someone from Liberum will be contacting me as a result. That promises to be an interesting conversation since I generally have little regard for their output.

A better move for Pollen St shareholders, I don’t know why Hony’s large shareholders have agreed. If I wanted to invest in an asset manager I’d buy LGEN or Phoenix etc, but that’s not why I invested in Hony.

Apparently the the above will reduce to 63p this year and 64p next year. I am very unhappy about this . I can’t understand how this is a good move for Honeycomb shareholders .