Gresham House Share Discussion Threads

[bisiboy] 01/1/2024 16:58

mine received from pershings

[rj allen] 30/12/2023 22:40

Payment received Friday from Interactive Investors but nothing so far from AJ Bell or Halifax Sharedealing.

[ec2] 29/12/2023 09:13

Expecting payout from the scheme of arrangement on these next week. 2nd Jan looks like the date but could be a day or so before the consideration hits accounts.

[riverman77] 04/10/2023 12:05

Interesting that one of their main funds (GRID) getting absolutely battered. Not sure GHE would get such a good offer now given the overall collapse in market sentiment since July - thankfully sold GHE on day of announcement so locked in that nice 50% rally!

[excalibar] 29/9/2023 07:57

Was there ever a share consolidation on this over the years?

[excalibar] 25/7/2023 19:18

I do remember buying these for 1p in the 80s and selling them for 10p thinking I done well.
I would of never of done it if I knew what the future for this one turned out.

[elbrus55] 24/7/2023 10:50

 ...the Scheme is expected to become Effective in late 2023 or early 2024....From RNS

[robsy2] 24/7/2023 07:12

Sorry to appear lazy but i can’t see when this deal will settle?
Do we know?
Thanks in advance
R

[willywonka12] 20/7/2023 17:22

I was SOYSOY
I have bèen here since 2004 .but last year when got to 10 pound I sold out
It was investment trust and nearly went bust .I thought still was
I Sold bought into greshan battery energy storage .had a bit dIvi from them not sure how it how to affect the storage company . I think they have till 20% of company

[topvest] 17/7/2023 20:22

On the history, Gresham House plc was a rather odd investment trust with property assets, a large stake in Welsh Industrial Investment Trust plc (which I also held) and various other mostly small cap holdings.

It was managed by A. P. Stirling for many years as was Welsh. A few of his other holdings were TRT and SAL both of which still exist. I have accounts back to 2000, but it didn't do that well for c15 years before its deal with Tony Dalwood instead of winding up. Its illegible 1857 incorporation document is available for viewing at Companies House.

[riverman77] 17/7/2023 16:51

The company was only set up in its current form in 2014 so the share price before that is completely irrelevant - I believe they used Gresham House as a shell to list the new company.

[excalibar] 17/7/2023 16:43

I do believe these were as low as
1 penny in the middle 80s if you know the lowest price for these it will be interesting

[paul_butcher1999] 17/7/2023 12:30

Will be interesting what Simon Thompson thinks. A few months ago he thought a move to £14.50 would only just start representing fair value. £11.05 seems like a real bargain for them.

[1c3479z] 17/7/2023 11:32

Topvest - also sad to see yet another Aim/aquis company disappear, after crestchic, sureserve and national milk though never quite thought the playing field was level for private investors with founder shares, LTIP, share options all to be considered. suppose it's all about incentivising and retaining the staff. will be interesting to see whether their charge on their low-cost forestry funds, several of which have a carried interest provision, will rise...

[robsy2] 17/7/2023 11:00

Interesting Topvest- i didn’t know the history.Thanks for the heads up on the other two stocks, i’ll take a look.

[scepticalinvestor] 17/7/2023 10:08

Happy to crystallise a 55% gain in a week tbh. Will be waiting months for it to go through

[1c3479z] 17/7/2023 10:07

tony dalwood, rupert and the crosbie dawsons and the employees among the main beneficiaries

[riverman77] 17/7/2023 09:42

Would normally sell in these situations but 4.5% discount to the bid price seems a bit unreasonable so will probably hang on for now.

[topvest] 17/7/2023 09:42

I have owned Gresham House (LON:GHE) since it was an investment trust, so its been a good journey and I have achieved a 4x return since 2014. I'm a bit surprised by the offer. Disappointed it is leaving the listed market, as its a great company led by Tony Dalwood, but its a good price. This will definitely have an impact on Foresight group (LON:FSG) which I also own as they are virtually identical asset management groups. It maybe also reveals some value in Petershill Partners (LON:PHLL) as well, although I am a bit more suspicious about the opaqueness of this Goldman Sachs vehicle.

For those of you interested in history, Gresham House plc is pretty much the oldest company on the London market and has been going since 1857 with a company number of just 871! Sad to see it go private, so I have mixed feelings about the bid.

[paulbutcher1999] 17/7/2023 08:47

Scepticalinvestor - why not wait for the full amount?

[brad_k] 17/7/2023 08:22

Nice to have some cash in this market, but this is an area I wanted to retain exposure to. What alternative renewable funds (particularly energy storage) are investors in here likely to move their money into?

[paulbutcher1999] 17/7/2023 08:22

Nice rise today. 😂

[scepticalinvestor] 17/7/2023 08:07

Lovely 3 transactions am now all out.Might have made a bit more if held longer but 2 birds in the bush etc

[scepticalinvestor] 17/7/2023 07:40

Not bad timong at all - will be dumping first thing for a nice 10k profit in less then a week haha