Damn can’t read it all.
Anyway it has little debt.
It normally trades on premium of at least 20%
Plenty of money from action.
Just sold a company for a 50% uplift. So has a lot of cash coming in from that sale.
Action is discounter something you want in a recession. It appeals to the middle class as well as the working class.
Overvalued? Well the only way really to find that out is if you go to market…not going to happen any time soon.
As an aside I bought NBPE recently.
Normally on 20 discount bought on a 30% discount so not that great a purchase.
1 I think the discount is overdone.
2 Its discount could fall significantly due to the large amount of vintage investments ready to be sold off.
3 big dividend which is very attractive in private equity sector.
From Hargreaves Lansdowne RNs
Highlights (as of 31 January 2023)
NAV per share of $28.19 (£22.90), a total return of 2.6% in the monthly performance driven by increase in quoted holdings,
Q4 2022 private company valuations and positive FX adjustments
50% of the 31 January 2023 valuation information as of 31 December 2022 or 31 January 2023
First 2023 semi-annual declared dividend of $0.47 per share$300 million of available liquidity, and a further $27 million of proceeds expected in the coming months
Bought the 7th February up 10% already. Very lucky timing.