RE: BRH RNS24 Nov 2020 08:34
Due to the continual conspiracy theories, I hope it's Ok to repeat my post of yesterday.
I mentioned in a post a few days ago, that as Braveheart are an investment company, their investors are as happy as could be that Braveheart turned their investment/monies in P2F, through RMS into a very quick profit.
Many such investment companies, churn quickly, as it sends a message that they are doing something, whereas if they sit too long on a certain share, it looks like they are not earning their fees, that is unless it's such as The Berkshire Hathaway portfolio, of warren Buffet, where his investors know his strategy of, buy then hold for the mid, to long term.
The Braveheart strategy as per their web site states........'Therefore, we continue to manage our portfolio investments with a view to seeking exits where possible', so to me their get out plan appears to be executed (others may disagree, which is fair enough), but that is my opinion.
Investors that invest not directly in companies, but via an investment company, would not look kindly on that investment company taking a risk that might just blow the profit already made, (not that i believe the investment would have blown out in RMS).
No doubt these investors will be wowing (if there is such a word) at the percentage profit, whereas those of us who are directly invested, are looking for what we believe will be a far bigger gain, within the mid term.
Also as Braveheart are out, with the majority of shares being taken by none institutional investors, there is far less chance of that part of the company that is P2F being sold/bought out at a price far less than us PI's think it's worth, (always a risk), which I have seen happen many times, with smaller market cap companies.