Hello Share Plodders. When you've a minute, gang, just look at those wonderful figures just issued by Standard Life (SL.). I'm talking about its annual results for the whole of 2014.
Not exactly a share structure designed to maximise liquidity or discount to NAV!!!Contains some good companies including my fave Zegona which has been on an absolute tear for 18 months and is fated to be taken out by Telefonica at £25-30 per share versus £17.5 now.À far easier to do 2x, though, is CHRY at 66p with a 130p NAV and is in wind up mode. Basically it is a 10% stake in Starling Bank plus some other stuff. Starling is an IPO in 2-3 years time on the NYSE (and also holds a very valuable software co, Engine). So there shd be 2 years worth of growth plus the elimination of the illiquidity discount on top of current NAV.Waz Shakoor says he has weighed in heavily on this name, as have I.
Fair point. On one of your podcasts asking for contributions you mentioned that Steve had done a piece and then said, to paraphrase, "If he wins, he can't go anyway"