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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Menhaden Resource Efficiency Plc | MHN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 104.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 104.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 25/4/2024 16:44 by robertspc1 Investor meeting was more of the same. We are great at what we do but can't really do anything about the discount. Buybacks not happening as only reduce liquidity. Will continue to add on weakness |
Posted at 23/4/2024 19:52 by steve3sandal I did hold a few shares in this a while ago but left after correspondence with the gatekeeper of the Board which left me in no doubt that they thought retail investors like me could be fed titbits like investor presentations to generate more interest/demand. The discount has just got wider. I did think that a Board should be independent of the advisors/manager and act in the best interest of all shareholders but charging fees and performance fees on NAV certainly isn’t.Unfortunately for retail shareholders the institutions who put the capital up to fund Menhaden voted to continue the Trust so I doubt anything will happen to provide holders with any liquidity anywhere near the NAV. I’m guessing no retail investors go to AGMs but that’s the place to ask questions I guess. |
Posted at 23/4/2024 19:04 by robertspc1 Well the investor meeting must have sent everyone to sleep. Will review tomorrow |
Posted at 25/3/2024 08:46 by robertspc1 I guess the same old questions will be asked at the upcoming investor events. One thing for sure is that so far nothing the Board have tried has worked |
Posted at 21/3/2024 15:29 by robertspc1 Retail investors pretty irrelevant. The manager and related parties own a majority stake. Ultimately they have a choice whether to continue taking fat fees or take the inherent gain by liquidating the portfolio. If the discount doesn't significantly close surely they must consider the latter option. Even a partial return of cash would help |
Posted at 21/3/2024 14:32 by raj k WIll the continuation vote next year actually have a chance of resulting in the trust being wound up. As i understand the managers own a lot of the trust. What influence will joe public indivdual investor have to get this trust wound up? |
Posted at 21/2/2024 08:56 by farmers son It’s not really under the control of the investment manager unfortunately if investors are still willing to sell their shares at a 40% discount |
Posted at 24/8/2023 22:32 by steve3sandal Shieldbug, thanks for that. I’ll have a go at calculating that but it’s a very poor hurdle, effectively they only need to beat 5% pa compound which is a fraction the return achieved by most common passive indices to take 10% of the £ over a 5% return. They don’t have to beat a benchmark. Shareholder returns effectively negative if they exit under £1 whilst managers can take a performance fee. Absolute barge pole in my view simply on this basis. I remember now….I can’t understand why the principal/ founding/cornerstone investors would continue this charade unless there’s some connection with the manager/ board? I did look into it and write about it earlier but I can’t remember just now. All the best. |
Posted at 25/4/2023 12:55 by steve3sandal I did write to them a while back and they’ve done what they said would fix it. Presentations, meet potential investors and do some buybacks. As you say it’s not made any difference. Meanwhile they are still accumulating fees.If enough of us contact the Board maybe it would help, though there seems to be some large friendly institutional holdings so they can carry on hiding behind them. An orderly sale down and distribution of 140p or whatever must be in everyone’s best interest and isn’t that what the Board are there to achieve? |
Posted at 04/8/2021 11:43 by kohsamui Although less than a decade of fees wipes the discount….I don’t think cost conscious discretionary managers can invest as costs look too unreasonable and at least their clients would ask questions- unfortunately to their discretionary manager not the trust!This removes many private investors so it’s odd that they say they are active in the PI marketing… |
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