Strategic Equity Capital Share Discussion Threads

[newbold120] 17/6/2022 15:58

As I read it, the chairman has just sold £100k of stock, almost half of his holding, at a lower price than a buy back executed on the same day. Don't see that every day in investment trust land...

[topvest] 09/2/2022 21:06

Yes, a bit of a desperate defence by Gresham House. It does show how badly they want to keep this trust alive though and keep their toes in the listed small company space. I do wonder whether GHS or Rockpool Realisation will be thrown to Harwood now to keep Christopher Mills off their tails with this larger prize. Let's face it, Christopher Mills is buying any shares available on Rockpool and has already gone from 0% to 8% in a few weeks. He basically wants the vehicle and will be unstoppable until he gets it. Gresham House need to try and align their interests with Harwood in some way rather than having such a hostile situation. Harwood will win in the end, I suspect, and certainly have more firepower available!

[spectoacc] 09/2/2022 08:08

Not what I was hoping for - all looks a bit pathetic. "Consultation with shareholders" indeed - who'd pick that ragtag mix of tokenism over trading at par with Odyssean?

Edit - sold out, roughly b/e, disappointing (tho no problem selling reasonable size).

Agree re Gresham.

[cousinit] 09/2/2022 07:36

Looks like this could be a similar situation to GHS (although the shoe is kind of on the other foot!)

GHAM not going down without a fight.

Have to say I'll be wary of investing in GHAM vehicles going forward if you get fun and games baked in

[spectoacc] 31/1/2022 15:46

All gone a bit quiet - due an update, nothing been said for 5 weeks.

Stuart Widdowson got a double page in the last IC, but wasn't anything said about Odyssean/SEC, other than that discussions were at "Board level".

[spectoacc] 10/1/2022 13:55

Nibbled a few more. Merger may not come off, but decent upside if it does.

[topvest] 23/12/2021 20:11

Yes, part 2 of the Harwood vs. Gresham House battle. Harwood are certainly denting GH's investment trust ambitions. I think a merger would be a good way forward and I'd rather have Odyssean / Harwood running the show. Gresham House seem to have more success in alternative assets. How will Gresham House respond this time I wonder as they seem to have a bit of a bad loser streak? This could get nasty.

[spectoacc] 23/12/2021 08:46

@topvest #198 - has taken a while, but good call! Interesting news this morning.

[melloteam] 05/10/2021 09:40

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: Https://melloevents.com/mello-trusts-funds-5th-october/

[sharesoc] 03/10/2021 20:32

In case you missed it! We have a number of recordings available to our full members to watch our recent webinars. The latest recording available is from ShareSoc Webinar with Strategic Equity Capital plc (SEC) – 7 September 2021 hTTps://www.sharesoc.org/seminar/sharesoc-webinar-with-strategic-equity-capital-plc-sec-7-september-2021/

[sharesoc] 29/8/2021 12:07

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: hTTps://www.sharesoc.org/events/sharesoc-webinar-with-strategic-equity-capital-plc-sec7-september-2021/

[edwardt] 24/5/2021 18:08

Timed that well!

[topvest] 04/3/2021 20:01

I've taken a small holding in this trust and Odyssean Investment Trust PLC today. The last two small company trusts that I didn't have in my portfolio. Interestingly the founders of Odyssean have lodged a general meeting at SEC. Probably quite a bit of logic in the two combining as they have a similar approach.

Its a difficult one as Gresham House are good. I am a shareholder in them back from the days when Gresham House was an investment trust.

Odyssean is backed by Christopher Mills and Armitage; if Odyssean doesn't deliver then Harwood will step in. Harwood are equally good.

It will be interesting to see what happens.

[spooky] 07/1/2021 14:40

20% discount?

[edwardt] 02/12/2020 18:23

Love Rit sold out just as U.K. value got going! Guess lord R can afford to make mistakes

[p1nkfish] 27/3/2020 12:19

So who made decisions? Team, House or SEC?

[peter27] 27/3/2020 10:48

Same team - different house.

[p1nkfish] 27/3/2020 10:07

PHD has been a disaster for these.
Will they act to tidy portfolio before end of tax year now there is a new manager?

[edwardt] 15/1/2020 16:33

Time for discount to narrow me thinks

[edwardt] 16/11/2019 10:59

The cat is getting some competition again _ performance picking up

[rambutan2] 11/10/2019 18:41

Annual report published:

hTtps://www.strategicequitycapital.com/sites/default/files/SEC%20Annual%20Report%202019.pdf

htTps://www.strategicequitycapital.com

[andyj] 18/10/2018 12:16

Now lower than three years ago with zero dividend. Another fund where the so called professionals cannot outperform my cat.

[edwardt] 12/1/2018 10:22

sensible reduction in fees, still on expensive side but hey ho, got to have a closed ended vehicle in small caps.

[edwardt] 24/11/2017 15:08

ok maybe 2.67 would be my guess.