RE: Annoying Spread27 Mar 2024 21:51
Had precisely the same thought re the share sale this morning
Long term holder since the low 30s,top sliced half in the low 90s as i thought some of the tangents they were going off on looked a little flaky. Wanted to stay invested as I' ve always thought that NR and LH would be looking for an exit in the first half of this decade.
Its becoming a concern to me that nothing appears in the offing, (but these things can happen quickly).Maybe this partly explains the sickly share price this year. The recent IT confession doesn't worry me, I d rather hear about this sooner than later.
The AUM metrics look good but I need at this point to contextualize with some analysis. In particular I need to figure out where the company now ranks in its core currency overlay competence. NR was a pioneer in the 80s and a market leader in the run up to the IPO.Whilst it is one of the leading independents in the field,it's now pretty niche. Without LHs superb salesperson skills I worry a bit but not enough to bail and will be ready to add on a move