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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Strategic Equity Capital Plc | SEC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -4.00 | -1.20% | 329.00 | 14:05:35 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 331.00 | 329.00 | 331.00 | 333.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 05/10/2021 09:40 by melloteam Just to let shareholders and prospective investors know that Residential Secure Income, Oakley Capital Investments and Strategic Equity Capital will be presenting at Mello Trusts and Funds webinar event tonight, Tuesday 5th October at 5:00pm-9:00pm. There will be over 200 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.The Programme is as follows: 5.00 pm Reg Hoare presents his selection criteria when investing in Investment Trusts and Funds 5.20 pm Company presentation by Residential Secure Income 5.50 pm Company presentation by Oakley Capital Investments 6.20 pm Andrew Hollingworth, fund manager, presents his investment strategies and ideas 6.40 pm Company presentation by Strategic Equity Capital 7.10 pm Investment Trusts and Funds Panel Session It is free to register, just click here: |
Posted at 29/8/2021 12:07 by sharesoc We are hosting a webinar with Strategic Equity Capital plc on the 7th September which may be of interest to current shareholders and potential investors. More information available here: |
Posted at 26/4/2017 12:14 by mad foetus I've previously commented on the Cali reference of the board here but only found out this week that Sir Clive Thompson has £5.4m of his own money invested here. That should provide reassurance that the board is aligned with investors. |
Posted at 20/2/2017 17:31 by mad foetus I think I'm going to drop the board a line asking that an amicable solution be found. Most investors want SW to continue managing the fund. He obviously wants to get back to work as soon as possible. What I would like to know is what role Lord R is playing and whether SW was a key person who, if he left, would give SEC the right to terminate GVQs appointment. Given the quality of the board I would be surprised if that was not the case. |
Posted at 09/2/2017 09:20 by mad foetus Yes but the difference here is that SW is aiming to set up his own fund doing what SEC does. He will likely want to invest in many of the same stocks, most of the investors in SEC want him to manage their assets, there is the overhang you mention. It just makes sense for everyone to allow SW to move to Harwood and take the management of SEC with him. If Lord R didn't own GVQ I'm sure it would already have happened. |
Posted at 07/2/2017 13:58 by bottomfisher Love to know where Stuart Widdowson is going to reemerge. He was a star fund manager at HG Capital, one of the best private equity investment trusts, before he took the reins at SEC. Interestingly, Ian Armitage, HG Capital's chief executive and Widdowson's former boss, became an increasingly important investor in Strategic Equity after he retired from HG Capital.Over the years Armitage has been reducing his sizeable stake in HG Capital and increasing his shareholding in SEC which is now just under 5% and worth around £10m. |
Posted at 15/7/2015 08:52 by mad foetus pete,I was discussing the disapplication of pre-emption rights recently and the general view (from people like ISS, who publish voting guidelines for shareholders) is that pre-emption rights should only be disapplied if shares are issued at a premium to NAV and even then limited to a maximum of 10% of the share capital. The problem with pre-emption rights is that they are costly. SEC has a market cap of £150m. If they wanted to raise £25m and had a placing programme agreed, they could call their brokers, the brokers could call 2 or 3 key investors and they would probably be able to issue the shares at 230-235p within 2 days, possibly through an auction. I don't know who SEC's major shareholders are, but the brokers would be able to cherry pick institutions that the company might value as long term holders but who haven't invested to date because they only invest in £10 or £20m chunks. To do a placing with pre-emption rights, you would probably need to set a fixed price and would have much higher costs, a longer time period and much more management time. There are pros and cons either way, but I know from sitting on the board side, it is much easier (and cheaper) to raise funds quickly if the rights are disapplied. |
Posted at 08/6/2015 09:27 by edwardt i suggest newbies avoid buying closed ended funds if they can not grasp the moving parts involved. As for the dangerous over generalisation, i hear you but stand by my comment. A wide discount can be that assets are opaque and the market is offering a better representation of fair value. However, most of the time it offers a margin of safety -this is absent when buying assets at a premium when the underlying assets are quoted and have their own respective bid price on an exchange. Paying a premium like the one on patient capital at the moment has to eat into the future returns - small investors often over pay for the 'magic source' of fund managers. |
Posted at 19/3/2015 16:18 by edwardt discounts are invariably an opportunity to add not sell. the manager looks after the nav - he is doing a good job of that . it is our collective wisdom as the market as to whether we bid up or sell the stock. i suspect a few sellers are tax motiviated. either way, discounts have widened out in lots of investment trusts but a good shake down like this will attract more price aware investors. a wide discount therefore is an opportunity not a 'worry'. |
Posted at 17/1/2014 16:47 by edwardt featured in investors chronicle - retail demand is coming!! |
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