Schroder British Opportu... Share Discussion Threads

[jonwig] 29/12/2020 08:25

Learning Curve produced strong profits to Jan 2019, but had to restate its accounts from earlier years, and its CEO left in March. Results to Jan 2020 a bit late, but not quite overdue.
Companies House tells you nothing useful about this. Schroders will know, of course.
Revenue is essentially from the government via its HE fund. (I think Capita are in the same line, training.)

[spectoacc] 29/12/2020 07:21

Graphcore sounds pretty good - must be galling to SUPP shareholders to see the knowledge gleaned during "running" SUPP being utilised by another IT, whilst SUPP hasn't added one single new company (& how could it).

Despite former-WEIF being a forced seller of junk held in common with SUPP, SBO isn't buying any of it on the cheap? (Tho SUPP itself did pick up some more Kymab, presumably from there).

[jonwig] 29/12/2020 07:15

Now declared two investments (unquoted), Learning Curve and Graphcore. No amounts given in either.

[spectoacc] 24/12/2020 10:51

28.55% for the BSC one - wow.

[spectoacc] 18/12/2020 14:22

Minor point, but this was new today:

"The above daily NAV calculation revalues the public asset holdings on a daily basis. The private asset holdings will be revalued quarterly. "

Suggests they've just bought something not listed.

NAV still going well, still with the reporting error.

[johnwig] 17/12/2020 09:20

Look out look out. SBO is shooting upwards/dropping like a stone.

I predict a share-price of 0p to 200p! I know because some blokie with a Yorkshire accent whispered it to me in the queue at Tesco through his tattered mask. He then went on to knee the crippled shop assistant in the groin, shouting "Happy Christmas". Totally admirable person and what a prophet!

[spectoacc] 17/12/2020 08:58

And then reap the fees on it from also being the IT manager - double dipping!

[jonwig] 17/12/2020 08:43

They run DC pension funds which rake in money day-in-day-out. What better place to invest this money?

[spectoacc] 17/12/2020 07:36

Got to laugh - and only putting in enough to get up to the line. Who's money is it, SDR's or funds they run?

[jonwig] 17/12/2020 07:11

The Schroder BSC Social Impact Trust has just announced it, too, has raised precisely £75m.
An uncanny coincidence. Looking forward to a holdings announcement from Schroders.

[jonwig] 11/12/2020 15:56

Spec - not even a polite 'thank you'.

[spectoacc] 11/12/2020 12:48

Or - as suggested above - they punted on Rolls Royce ;)

@Jonwig - presume no response, seeing as they're still making the glaring error. If we're missing something obvious, I'd like to know what it is.

[cc2014] 11/12/2020 11:59

NAV swinging around again. They must have deployed a fair amount of capital quickly.

[chucko1] 09/12/2020 14:51

Funds focusing on UK recovery (so I think of an Artemis fund which appears to shadow Hanbury's OAR fund) have narrowed from 22% discount to nearer to 14%. These were compelling (OAR has rallied 100% from its March low - amazing) a few weeks back, and are still interesting. In the face of this, SBO - although having a slightly different focus - faces near term (continuing) headwinds. Clearly a difficult sell a week or two back.

[jonwig] 09/12/2020 14:36

CC2014 - it shouldn't be, nor should it be a bid-offer spread loss: in the accounts, "investment income" is entered separately from "fees", and usually fees are charged quarterly or something like that.

Anyway, we'll see if they bother responding to my query. If they don't that's Schroders off my list.

[cc2014] 09/12/2020 13:54

Maybe it's their fees? already accruing at a faster rate than the income on the investments?

[essentialinvestor] 09/12/2020 13:37

As you can still buy a number of decent IT's below NAV,
don't see much reason to rush here.

In the UK focussed IT space it's been a nice 3 months for the unloved - KIT, IVI, TMPL, ASEI.

[jonwig] 09/12/2020 12:38

At least it's only &400 today, not yesterday's £600.
Performance is improving!

EDIT - I've contacted them about it on their online form.

[spectoacc] 09/12/2020 12:10

Tuesday 08 Dec

Ex Income

97.94


Tuesday 08 Dec

Cum Income

97.92


Bizarre they can keep making the same error - what are we missing, have they bought negative yielding govnt bonds? :)

[spectoacc] 09/12/2020 06:53

Good spot! Are they allowed to short? ;)

They've got it wrong on every RNS - presumably a spreadsheet issue.

[jonwig] 08/12/2020 17:54

NAV cum-income 98.10
NAV ex-income 98.13

Therefore income is minus £600 in one day.
Odd?

[spectoacc] 08/12/2020 16:20

It's a choppy NAV considering the majority likely to still be in cash, would love to know what they've bought - clearly something listed.