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Gresham House Strategic plc (GHS) Ordinary 50p

Sell:1,670.00p Buy:1,730.00p 0 Change: No change
Market closed Prices as at close on 24 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:1,670.00p
Buy:1,730.00p
Change: No change
Market closed Prices as at close on 24 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:1,670.00p
Buy:1,730.00p
Change: No change
Market closed Prices as at close on 24 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The company intends to invest the majority of its capital in a concentrated portfolio of between 10 to 15 smaller UK publicly traded companies typically with market capitalisations of less than GBP 250m and would typically expect a holding period of 3 to 5 years. It may also invest in interests in privately held companies, primarily in equity/equity-related instruments and also in preferred equity, convertible/non-convertible debt instruments. The company will seek to acquire influential block stakes (typically between 10% and 25%) for cash or share consideration. The company invests in assets that will typically have a number of the following characteristics: investments that can generate a 15% IRR over the medium to long term principally through capital appreciation and investments where the manager believes there are value creation opportunities through strategic, management or operational changes.
Security Weight
Augean Ord GBP0.10 22.67%
Northbridge Financial 10.25%
Rps 9.89%
Pressure Technologies plc Ordinary 5p 6.84%
ULS Technology plc Ordinary Shares 0.4p 6.30%
Flowtech Fluidpower 6.12%
Centaur Media plc Ordinary 10p 5.94%
M&Csaatchi 5.04%
The Lakes Distillery Company Plc 4.86%
Van Elle 4.68%
Sector Weight
Industrials 22.67%
Communication Services 12.23%
Financial Services 10.25%
Energy 6.84%
Country Weight
United Kingdom 41.73%
Canada 10.25%

Fee Structure

Annual management fee equal to 1.5% of the NAV. The Company will pay a performance fee at a rate of 15% of the amount by which the NAV per share exceeds the High Watermark. Agreement is terminable on 12 months notice.

Dividend Policy

The initial intention is to distribute up to 50% of profits on realisations through dividends, share buybacks or other returns of capital. Any material change to the new investing policy by the Company will require prior shareholder approval in accordance with the AIM Rules.

ASSET SPLIT

Total number of holdings: 7.

Trust Manager

Tony Dalwood

Manager Bio

Tony is Chairman of the Board of SVG Investment Managers (SVGIM) and sits on SVGIM’s investment committees. He originally joined SVGIM in 2002 as Head of Public Equities and became Chief Executive of SVG Advisers in May 2009. Prior to joining SVGIM, he was a Director at UBS Global Asset Management, where he was employed for seven years. While at UBS, he was a member of the UK Equity Investment Committee and responsible for managing over £1.5 billion of UK equities.

Board Of Directors

Helen SinclairChairman, Kenneth Lever, Charles Berry, Graham Bird

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.