Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Athelney Trust – even Warren Buffett had to start somewhere

By Cynical Bear

30 March 2016 01:16

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Any readers of my articles will know I have a major dislike of subscale investment companies but I must admit that I have a soft spot for Athelney Trust (ATY) due to a particular similarity with Berkshire Hathaway.

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Comments

Bearswoodbull

30 March 2016, 11:41

I too have followed this trust for some time, but have always been discouraged from investing by the extraordinary bid/offer spread of 15%. This is as daft as going into a new car showroom and handing over £20,000 and driving away with an asset that is immediately worth £3000 (or more) less than you have paid. Investing for a profit is difficult enough with out this starting handicap.
Cynical Bear

30 March 2016, 12:27

Agreed – there’s no liquidity unfortunately. Definitely needs to be a long-term hold for the time being.

Maybe a few more Chairman’s Statements, a bit more money in the bank from the placing and continued decent performance will increase the interest and reduce the spread over time.

I’ve done my bit!