Archives for 2016

View our older news stories from this year.

GHS – Portfolio update

Graham Bird updates investor on the GHS portfolio and why now is a good time to be adopting an engaged and focused equity strategy

UK dividends drop as profits come under pressure

Profit growth remains under pressure in the UK, limiting the potential for companies to increase dividends. Moreover, since the UK’s decision to leave the EU at the end of June, the pound has fallen further on the foreign exchange markets, extending a descent that began in the months running up to the referendum. ‘For UK-based...

Gresham House launches public equity fund

Specialist asset manager Gresham House has launched the Gresham House Strategic Public Equity Fund LP (SPE Fund LP) with a first close of £24 million, including co-investment contributions. Both the SPE Fund LP and Gresham House Strategic (GHS), the firm’s first mandate, will be investing in the same opportunities and managed by the same investment...

Bargain shares portfolio half-year report

Gresham House (GHE:330p), a specialist asset manager, won the £91m mandate to be investment adviser to investment company LMS Capital(LMS:60p) at the end of last month, a deal I covered in quite some detail at the time and one pending approval from LMS shareholders on Tuesday, 16 August (‘Investment company watch’, 28 Jul 2016). The...

Investment company watch

I had a very interesting call with Tony Dalwood, chief executive of Gresham House (GHE:300p), a specialist asset manager and a constituent of my 2016 Bargain shares portfolio. The company has just been awarded the mandate to act as investment adviser for small-cap private equity fund LMS Capital (LMS:60p), a company I have been following...

Exploiting a price anomoly

It’s not often you get the opportunity to buy shares in a company 25 per cent below the current market price and on the verge of a major chart break-out. However, I have found a way of doing just that. The company concerned is Aim-traded technology company IMImobile. (IMO:170p), a business that helps companies engage...

LMS to hand contract to Gresham House

LMS Capital has proposed ending its current return of capital and handing its management contract to specialist asset manager Gresham House in the latest twist to a long-running story. Having returned around £150 million in client assets since it began to wind-down investments in 2011, the company has proposed a £6 million tender offer at...

The former Morgan Stanley CIO who’s growing money on trees

I first became interested in the forestry market in 2003, while I was still working in the City,” Mr Davidson told thewealthnet. “It was a massive bear market at that time and you could purchase a 300 hectare Sitka spruce forest for the same price as a two or three bedroom flat in London. “Since...

Within stock market gloom, Gresham House provides a glimmer of hope

In an otherwise gloomy economic backdrop, Gresham House, the specialist asset manager, shows that they can find value with a unique offering; they invest in UK’s smaller businesses and apply private equity-style processes, providing new growth capital to companies that despite being quoted cannot access the capital markets. 25.05.16 | Evening Standard