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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gresham House Strategic Plc | GHS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,395.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,395.00 |
| Top Posts |
|---|
Posted at 08/12/2021 17:04 by sphere25 Looking at the activity in particular shares today, you can see the frenzy is well and truly alive but what will next year bring?Interesting view here: "However, over the summer genuine concerns emerged from a chorus of respected economists and market participants about an increased monetary policy failure risk, and this is a view the team sympathised with. The transitory versus systemic inflation debate and central banks' responses is the key theme that will have implications for equity markets for the rest of 2021 and beyond. This narrative, combined with current record measures for manufacturing, purchasing and other macroeconomic metrics leave us cautious about how the next year for equities will compare to the previous year. Indeed, equity markets meandered through the third quarter of 2021 as expectations for earnings, inflation and monetary policy diverged, ending the quarter on a weak note. This was despite record breaking levels of M&A driving up the ratings of various targets and their peers - including investments in the GHS portfolio. We have previously commented on the remarkable position of markets and macroeconomics vs. the depths of the pandemic. The third quarter certainly saw cause for moderation which was reflected in equity markets. It was particularly notable to see supply side issues feeding through to domestic and global energy markets and some of the first rate-hikes or 'taper talk' at various central banks. We remain of the belief that monetary policy failure remains a key market risk and our caution over the next year (now nine months) for equities as there is certainly potential for increased volatility. Value is increasingly hard to find but, we believe, company forecasting is now in uncharted waters and that ought to provide our active small cap strategy with further pipeline opportunities in the months ahead as supply issues bite - we have previously discussed the inflationary blind spot facing companies. Having been fully invested for the past 15 months, the team had recently been realising significant profits and cash through a mix of secondary sales and takeovers." It has been hard to find value but there have been some decent plunges of late to have a go at. I think it's just a matter of time before the excesses out there get washed away. 2023 maybe? Then there will be a massive sell down and panic and carnage. Then the FED will step in and pump and pump and pump some more...EDIT...hang on...I got this bit wrong.... PUMP and PUMP and PUMP and PUMP and PUMP and PUMP and PUMP... and then... all will be well in the world again! Until one year.. that is... when faith in the big Federal QE pump fades. Uh-oh! All imo DYOR |
Posted at 03/12/2021 14:49 by newbold120 Have any of you considered why the GHS board felt so strongly to sack GH knowing the difficulties it would cause, but still thinking it was the right thing to do? Can’t imagine that was a decision taken over a few minutes.Mandates in trusts change all of the time. The open letter suggests there is more to this than meets the eye and that maybe the board had very good reason. Their statement on 20th October stating gh “mischaracteri |
Posted at 25/11/2021 10:37 by tommygunn21 I'm talking about the 17m of cash that should have gone to GH on the sale of their shares in GHS. How is that now in the best interest of shareholders being locked up for 2 years. They won't get 17m now!Good luck getting anything near current NAV now the market knows you are a seller of everything GHS owns. Augean!! Who was the biggest shareholder in Augean!! You think that's a coincidence |
Posted at 25/11/2021 09:45 by troll hunter1 I’ve been a GHS shareholder for 2 years. |
Posted at 25/11/2021 09:42 by tommygunn21 GH have always stood up for shareholders! That is the funniest thing I've read today. You think liquidating GHS is in shareholders best interests? If I would hazard a guess I would say you either have a very close relationship with GH or work there. |
Posted at 25/11/2021 07:43 by ali47fish toll what are we supposed to do- I have a small holding in ghs |
Posted at 18/10/2021 09:40 by makinbuks So Gresham not taking it lying down. A wind up is still positive for GHS holders and maybe the Harwood proposal just becomes a new fund with an IPO |
Posted at 28/5/2021 09:28 by aclelland I hear you but think there is a focus on shareholders. I note the special resolution preventing GHS from issuing shares below NAV. There must be a reason they included this. It would be standard practice not to do so given it would be dilutive etc. So GH is trying to protect shareholder value.The manager was only there 20 months and Augean has been held for four years so shows there is depth on the bench. Fingers crossed indeed. I agree it could have been dealt with behind closed doors but the fact that GH requisitioned an EGM shows that GHS were unwilling to budge on important issues. Unfortunately sometimes these things spill into the public domain but there's still time for it to be resolved and to get back to BAU. |
Posted at 27/5/2021 09:53 by aclelland Exciting developments overnight for Gresham House Strategic plc - one of the core holdings Augean PLC (>20% GHS Portfolio NAV) has attracted bid speculation from Morgan Stanley Infrastructure.This is an investment the team have held for 4 years having initially identified a compelling turnaround strategy and management team, with the potential to offer a valuation arbitrage versus private equity multiples for similar assets, if executed successfully. Look out for further developments. |
Posted at 25/5/2021 11:24 by dangersimpson2 A merger would be better than a controlled wind-down, with the GHS stakes being pretty illiquid and some unlisted equity, I can't see them getting more than 80% of value, so when you add in the costs that would be a loss on the current share price (assuming no big price moves between now and then.)SEC has a very different style of holdings and no cross over in the top 10 so you could also see some sell-off in some of the GHS holdings if they merge. If GHS are a forced seller there could also be some bargains on offer. |
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