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GHS Gresham House Strategic Plc

1,395.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House Strategic Plc LSE:GHS London Ordinary Share GB00BYRH4982 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,395.00 1,360.00 1,430.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gresham House Strategic Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
22/5/2022
11:31
Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:

Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF)

Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies (Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50).

Just to let shareholders and prospective investors know that GRESHAM HOUSE will be among the Trusts and Funds attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

For more information, please visit the event webpage:

melloteam
15/12/2021
11:02
I think it will be clearer tomorrow when the price will be ex the Tender. As I understand it, current holders get 300p cash and then the tender price sounds more sttractive.
westofengland
15/12/2021
07:59
The RNS talks about a tender at NAV less 2% but then quotes a price of £15.5. Why should you accept that when NAV is £18 and market price is £16.5?
snape
08/12/2021
17:04
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

sphere25
08/12/2021
12:12
Yes Id agree with respect to the tender offer. For the balance, this is a very odd situation. Normally in a wind up the manager is obliged to liquidate asap, not take a punt on a view that underlying holdings will do well in 2022 so the liquidation will be in 2023. I wonder if we have to wait to see the size of the vote. If a lot of PI's vote against maybe we will see a lifeboat lunched by the new manager but if the vote is large in favour of the wind up surely the action needs to be accelerated.
makinbuks
05/12/2021
13:52
Partypiece, I am certain you'll make money from this investment. The portfolio is good.

Put in for the tender when the paperwork comes out and then stay with the rest.

westofengland
05/12/2021
11:18
Hello, I'm looking for advice as a novice investor.
I pumped a sizeable amount (for me!) in to this about 5 weeks ago, U looked at nav to share price and thought I could have an opportunity.
Now all of a sudden I'm 13% down and I hear they are winding this thing up.
What should I do, sell and take that sizeable hit, or will I get my money back that I invested by taking another route. Thanks.

partypiece
05/12/2021
10:55
TIDMGHS

RNS Number : 2443U

Gresham House Strategic PLC

01 December 2021

Gresham House Strategic plc

1 December 2021

Net Asset Value Update

Gresham House Strategic plc (the "Company"), announces that as at 30 November 2021 the unaudited net asset value (NAV) per ordinary share was 1,877.1 pence. This NAV includes an unaudited tax liability of GBP1.5m on the realised gains made in the year to date, and an estimated receivable of GBP0.3m for management and performance fees which the Board understands have been overpaid to the previous investment manager, due to the undisclosed tax liability explained in the RNS announcement dated 24th November 2021 ("Net Asset Value update"), which GHAM has agreed to refund as soon as the exact amount is confirmed.

The above NAV calculation is based on 3,480,884 ordinary shares with a nominal value of 50 pence each (the "Ordinary Shares").

46maxon
04/12/2021
18:20
Problem is gh could vote against a cash out or roll over. Dogs and Manger come to mind
newbold120
04/12/2021
17:31
I think the Board have messed-up big time here. The ex Chairman is correct. Offer a rollover option or cash back. It just seems sour grapes from Gresham House, to not let Harwood have a go with those that wish to. I am not now tendering my shares. I think Harwood will likely do something with a smaller vehicle and I would be very interested in that.
topvest
03/12/2021
14:51
From memory the same accusation was levelled at GH by Robbie Rayne in the similar debacle when gh lost the mandate for LMS
newbold120
03/12/2021
14:49
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 “mischaracterises” and “material inaccuracies” in GH’s statement basically says they (and the GHS advisors) believe that GH is "sighing". Maybe that’s why the relationship had broken down?

newbold120
03/12/2021
14:27
I am annoyed about this shambles. These shares have done well for me, up 70%, and a some dividends along the way too.

I was looking to hang on to these shares, particularly in the light of how well they negotiated the sell off and subsequent recovery last year. That boded well for how any sell off next year might be managed. All the same, if the market is due a big drop, perhaps the timing of a sell up is not too bad, provided they get on with the asset sales. If there is a Santa rally, and they sell into that ...

All the same, with two successful outfits keen to manage a thriving portfolio, this seemed an improbable outcome. The phrase 'a plague on both their houses' comes to mind. As a shareholder, I need to be caught in the cross fire of a turf war between institutions vying to manage MY money like a hole in the head. Not a happy camper.

1knocker
03/12/2021
13:57
I am thinking along the same lines. Tempting though to hang on and sell what I can in the tender offer, at 2% under NAV. Anyone else any views?
1knocker
03/12/2021
13:18
sold and good riddance -I can deploy the money better elsewhere-not prepared to wait and endure the shenanigans!
ali47fish
03/12/2021
11:19
Pure pettiness from GHE!
tommygunn21
03/12/2021
11:05
Why would anyone in their right mind vote to liquidate at distressed prices? Far better to let Harwood use their expertise to grow the assets, just as they've done so successfully at NAS and OIG. Better to put more money in.
fredhoyle
29/11/2021
08:04
isn't better to sell into the market now -what is the gain to wait for tenders
ali47fish
25/11/2021
10:37
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
tommygunn21
25/11/2021
10:14
THATS MY WHOLE POINT. WHY ARE WE ARGUING AND SHOUTING????!!!! Lol.

There’s more than £17m of cash. That was just from Augean. There must be a ton more.

There is an EGM vote. We know that. It’s due to be sent to us this month. We know that it will pass.

That will trigger the return of cash. Just not sure how much!

THATS MY WHOLE POINT!!! Return as much cash as possible as quickly as possible, and don’t let them string this out for years.

troll hunter1
25/11/2021
10:06
I notice on every bulletin board that the moment you don’t join in on an attack on an individual or a company OR puff and amplify a ramp, you’re accused of either being married to them, working for them, or in some way connected to them.

Those accusations always come from the people who are completely incentivised to amplify and be extreme because they’re making money from a long or short position or they just crave attention. Which are you?

And no, I don’t work there, I’m not connected. I have a few shares in this fund, I just want the NAV back. asap. Cash in hand is better than hope.

troll hunter1
25/11/2021
10:04
And you firmly believe that the liquidation of this fund is in the best interest of shareholders? What about GH shareholders? There's now c£17m of cash locked up for 2 years because of some petty war when that could have been returned and put to good use now!!!
tommygunn21
25/11/2021
09:45
I’ve been a GHS shareholder for 2 years.
troll hunter1
25/11/2021
09:42
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.
tommygunn21
25/11/2021
08:55
Well without apportioning blame the market has been mislead here by the NAV announcements since July. That is a serious matter which will be scrutinised closely. I tend to agree with Tommy, while a third party advisor may be the route cause it does not bode well for Gresham as a manager
makinbuks
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