RE: Bramhill out!5 Jun 2024 14:40
Not sure I agree with the sentiment but there are some things that do trouble me. Like this from the annual report:
'The Company was the beneficial owner of 25,000 (2022: nil) ordinary shares in BP plc, a company registered in England
and Wales, a non-representative interest in that company. The shares were purchased in June 2023 for £118,012 and
disposed on in July 2023 for £118,725. The share were purchased as a short term investment. '
So that does rather sound like having a punt with someone else's money, I mean there was no strategic reason and making £600 or 0.5% on £118,000 is hardly a master stroke.
Then there's BCE £652,000 ploughed in and already revalued to £430,000 in the report and now....£50,000 unless it turns around.
So Bramhill has called it right by diversifying into the USA but maybe he's no investment genius with shares in other companies and best leave that alone.