Schroder Uk Public Private Share Discussion Threads

[jonwig] 16/11/2020 08:13

Looks like a puff to investors who aren't sure of the difference between a fund and an IT!

"This Trust will be highly liquid at all times, so investors can buy and sell stock as and when they please." Of course they can, it's a quoted public company! What about the bid-offer spread?

It seems the fees are 2.02% pa, which is steep, to say the least. It looks like a halfway house between a smaller cos trust and a VCT. I'm happy to hold both, but I want my 30% tax break on the VCT!

"I'm out" as the dragons say.

[spectoacc] 16/11/2020 07:27

SBOT gets a "Buy" tip from Midas:


"The trust will be highly liquid at all times" - that it may be, but at what price?

[spectoacc] 12/11/2020 13:48

:)

Only just remembered the Buffetology IPO that surprisingly failed to raise even the minimum (post 605) - doubt I'd still be in it, but would be up 20 post-vaccine news I bet. Almost great timing..

[scrapheap] 12/11/2020 11:32

BOOM!!!




(I may be taking the mickey)

[spectoacc] 12/11/2020 09:48

As a separate legal co, they can't buy in advance of float - tho is possible they'd eg agree to buy some unlisted stuff on condition of raising the cash. If Schroders have bought recently, it's not for the PIs in SBOT.

I still think (hope) it fails to get off the ground - but would be interesting to see what they chase up.

[jonwig] 11/11/2020 09:59

Spec - I suspect Schroders have already been buying the portfolio before the formal launch. They took a big stake in one share of mine over the past weeks. And it was probably no lucky break that they announced the day after the Pfizer story. It was primed and ready to go on any good enough news.

[spectoacc] 11/11/2020 09:48

Lol HL. Seen a lot of complaints about them, Equiniti, and particularly AJBell.

Schroders - getting spammed with the new IT offer now. "Value" has just had a stupendous few days, classic PI investing for the launch to happen after.

[jonwig] 10/11/2020 19:48

HL's platform went berzerk yesterday:

One Hargreaves investor said she found her Isa account more than £150,000 in debt when she attempted to execute a trade that duplicated multiple times, purchasing shares with money that did not exist in her account. Trying to unwind the trade incurred an additional debt of more than £1,000 in trading and exchange fees. Hargreaves did not return calls for help until the following day, she said.
[FT]
II was working OK, I bought a lot of an IT around 1pm. (No, not this one.)

[jonwig] 10/11/2020 19:21

Prospectus here:



Fees 0.6% + 15% perf.

[spectoacc] 10/11/2020 12:01

Hard to see the more-than-50% of SUPP benefitting from a vaccine: RUTH (NHS deal keeping it afloat), ATOM (fintech, in theory a Covid winner, £100m to find), ON (Covid).

Agree re more seasoned - and perhaps don't claim that the key to growing companies is ESG. :)

Don't know why anyone would give Schroders money at NAV.

[chucko1] 10/11/2020 11:31

On the presentation, the "once in a generation" came over rather enthusiastically. The logic made some sense, but I would prefer the opportunity in the hands of others (who appear more seasoned). The price to buy these assets probably went up 10% yesterday.

SUPP has not turned up to the party, though, it seems.

[spectoacc] 10/11/2020 08:57

Possibly, but their "..Once in a generation.." was before the vaccine news:)

[jonwig] 10/11/2020 07:56

Before yesterday they wouldn't have raised enough money, I think. Now they'll be raking it in - talk about timing luck.

[spectoacc] 10/11/2020 07:27

Got to laugh:


"The Company believes that there is a once in a generation opportunity.."

Vs Woodford's "Once in 30 year opportunity".


"The Company aims to provide a NAV total return of 10 per cent. per annum.."

Vs Woody's 15% hurdle on WPCT.


Also worth a laugh:

"Our goal is to invest into well-established growing British companies to help them develop faster. We have a long track record of growing companies, both domestically and internationally, through active ESG engagement.."

Schroders have found the key to growing companies - it's ESG, and they supposedly have a long track record in it.


Will be interesting to see how much they raise - but they'd have been better investing it all before yesterday.

[jonwig] 10/11/2020 07:00

FT:

Schroders has pledged close to a tenth of the £250m being targeted by a new investment trust preparing to float in London and designed to back promising companies seeking cash to help grow after the pandemic.

Schroders British Opportunities Trust has already identified initial investments of about 22 listed and private companies.

It will aim to invest cash in businesses that have either prospered in the pandemic, or where businesses offer longer term growth prospects. The intention to float notice and prospectus is expected as early as Tuesday.

Schroders has pledged to take a 10 per cent “cornerstone” investment in the initial public offering up to £20m, although the fund manager hopes to raise £250m.

The trust is aiming to invest up to £15m in between 30-50 companies within two years. It also has a fixed life that allows investors to cash out after about seven years.

[johnwig] 09/11/2020 12:35

But you live in doo-doo land, right there by the sewage works, don't you Winni?

Shame you are not quite good enough as a share prophet to be able to afford somewhere decent. We all feel sorry for you just as we all feel sorry for your hero Trump. LOL LOL

[chucko1] 06/11/2020 14:07

I would say that many of the SUPP holdings are not really candidates to go into the new fund owing to their stage of development. So, my earlier theory that this new fund might be helpful to SUPP is not borne out.

This leaves SUPP in doo-doo land.

[spectoacc] 06/11/2020 12:12

Great, thanks @chucko1. So this isn't the solution for SUPP - no backing of portfolio co's even if they get this one off the ground.

My reasons for not touching it with a bargepole are 1. Schroders; 2. Better are available at big discounts; 3. Float costs.

Is it worth a look at 70p-ish? Maybe.

Can't see it happening anyway.

Perhaps the most interesting thing is the co-manager of SUPP doesn't think any of SUPP's holdings are worth putting into his potential new fund. Perhaps we knew that from what they said about completely revamping SUPP by Q4 2021.

That's what I'm judging them by, and it's not looking good.

[chucko1] 06/11/2020 12:07

So it finally happened (although the main speaker had too much digital drop-out for comfort). Again, not a good look.

They will have no meaningful association with SUPP. The question was directly put to them, and they commented on the debt situation and nature of investments as to why it would stay entirely separate. In the medium term, there could be one or two investments in common, but even that was not a firm expectation.

Apart from that, if you are looking for gravitas in your head of equities, I would look elsewhere. That said, the opportunity looks decent for the new fund, and the track record of the fund manager is decent.

On balance, it is worth a look. Prospectus out very soon.

[chucko1] 29/10/2020 23:29

Update: the presentation that was messed up today has been rescheduled for November 6th at 11.00am. I will try again to relay anything material from this call.

Seems that Oily was imagining what he heard earlier today since the call was abandoned as I previously stated.

[chucko1] 29/10/2020 17:36

If you are truly happy to oblige, and can man up for a moment and ignore the fact that Spectoacc and Jonwig pain you so much, then I simply ask you to help me out with the following request:

go back to Oily and ask him/her/yourself what was important on today's call. (for the sake of progress) I fully agree that I had a terrible computer that did not make the grade and my internet connection in this shed of mine is super-dodgy. I also agree that only the anointed one(s) were allowed back into the call after the slight mishap. Then we could discuss the merits, or otherwise, of investing in either this fund or at least comparing it with SUPP. Same fund managers, and pretty similar strategy.

[chucko1] 29/10/2020 15:07

Johnwig, (with an 'h'), given your new calling as a messenger boy, perhaps you could enquire of Oily what the substance of the call was this morning. He indicated there was content of interest, but it seems that Schroders only shared it with him as no one else was able to attend the call. Is he putting up the whole £250mn and cutting everyone else out?

In keeping with sharing knowledge on this board, your help would be most appreciated.