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Share Name Share Symbol Market Type Share ISIN Share Description
Bh Macro Limited LSE:BHMG London Ordinary Share GG00B1NP5142 ORD NPV (GBP)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -45.00 -1.32% 3,360.00 3,360.00 3,400.00 3,370.00 3,370.00 3,370.00 8,389 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -15.2 0.0 - 2,644

Bh Macro Share Discussion Threads

Showing 51 to 71 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
25/6/2021
16:14
They have also just closed their main fund to new inflows, they're arguably back to scale. Not sure if they "got lucky" during COVID, that's the upside potential of this strategy during real risk off periods through long rate and fx volatility trades they tend to use. Low vol/cheap option pricing, similar to what we're seeing today gives an almighty upside when volatility does spike.
luddenden7
25/6/2021
15:47
Low take up of the tender offer. The manager must be feeling justified in the action he took on fees
makinbuks
16/2/2021
13:06
So Maltby "retires" does that mean he led the independent charge and now we are going to accept the managers terms he falls on his sword? I have no information just reading between the lines
makinbuks
26/1/2021
16:17
In the past the Investment Trust has often just been a marketing tool for the manager, but in recent years IT boards have been asserting their rights more to benchmark the manager and change them if necessary. That's what I read here. The board were concerned that their fiducary duty required them to do something about fees when the performance was lacklustre. The manager, who considers himself the value creator here and therefore entitled to the greatest and most secure chunk of returns, was a) taken by surprise and b) in a weak position to argue. So sensibly he got his head down, improved performance (you could argue he got lucky with the pandemic) and now comes back to the table from a position of strength. The directors have two avenues in my view. First seek a better deal and if successful accept it and tell shareholders what a good job they've done on their behalf. Secondly or if negotiation is fruitless put it to a vote. The vote is to accept or wind up. I cannot see that a replacement manager is a credible option. Who would have a track record like the manager?
makinbuks
26/1/2021
08:39
Agreed. Style of the letter seems aggressive. Not sure what to make of it.
ifthecapfits
22/1/2021
17:55
Very disappointing announcement from the manager today, really hope this doesn't wind up as a result as it is a unique product available to private investors. I don't like the style of the letter or the reaction of the board. This cannot have come out the blue to them so they must have more to say than "we'll think about it and get back to you"
makinbuks
14/1/2021
22:34
Yep. Still holding.
ifthecapfits
14/1/2021
19:30
This is hot.
edwardt
20/4/2020
16:33
Been doing well of late.
ifthecapfits
15/3/2019
15:32
!FOLLOWFEED
ifthecapfits
30/11/2018
16:36
lets hope it makes sweet music for you melody.
edwardt
25/10/2018
14:09
joined in here today - a place to put some funds whilst the equity market is so volatile and unforgiving
melody9999
15/10/2018
10:07
he was in the press in may with a huge profit on breakout trade on italian btps. after a decade of no opportunity set, it is finally a good wicket for them to score some runs.
edwardt
10/10/2018
16:00
There's so much happening in the wordld's bond markets.I imagine they're shorting Italy etc, maybe positioned for a blowout in the ECB.
wantage
09/10/2018
07:07
This is perking up over the last few day... in response to US rate rise, or something else?
steve73
07/8/2018
15:35
like the last 8 years never happened - qe to qt + $$
edwardt
19/7/2018
15:45
the nav here has zero correlation to the msci. bet it finds its way into more managers portfolios in the next 12 months with a wide discount turniing to a premium to nav is my cry.
edwardt
28/6/2018
15:07
liquidity drain in the financial system; QE going to qt and fires popping up in EM, Italy and most global systemically important bank stocks down 20%. last time i looked that constitutes a bear market. tech is the only pariah and is now on a ev/sales akin to 2000. Mr H is one of the few who has laid mouse traps. They are going off all over the place now. get involved.
edwardt
28/6/2018
15:02
9 discount. i remember when this was on high single digit premium. if we get another 5% in 3 months, surely discount comes in too.
edwardt
07/6/2018
13:06
amazed no more interest here. the old dog knows how to make money in this type of market.
edwardt
05/6/2018
18:13
is that mr howard's mojo that we have found again. up 9% year to date. must have been short italian debt.
edwardt
Chat Pages: 3  2  1
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