Venturing into the VCTs

How could one turn a profit on these trusts?
I’ve written before about the massive - 40 or 50 per cent - discount to net assets at some UK Venture Capital Trusts. If the assets were sold and the cash returned to shareholders, an investor buying today could make a 100 per cent return.
But I also […]

Another cheap trust (CGW)

There is some real value out there
Stockmarkets worldwide are expensive at the moment, fueled by unusually high corporate profits, which will revert back to the mean at some point. There is not much value around.
If you look hard, however, if you deal in small companies where others can’t be bothered, and if you are willing […]

Premier Profits (PAGZ.L)

On offer: a 2 per cent return by November 8th

One area that has been lucrative for me over the last couple of years is the wreckage of the UK’s split capital investment trusts. For those unfamiliar with the story, these are collective investment funds with a bizarre and complex capital structure, which went to hell […]