No. of Recommendations: 2
Any holders?
Any thoughts on valuation?
Thoughts in general?
I've not held an Investment Trust before, they're rather difficult to value. Obs it's trading at a discount to NAV c20% but if you have a collection of growth companies in there (which they seem to) and a lot of "blue sky thinking" as to the future then their portfolio is particularly hard to value vs good old fashioned discounted cash flow analysis.
I'd have thought their portfolio would be more Alphabet, Meta, and Apple rather than Tesla and Nvidia? If they're an old school value orientated IT. Their portfolio is more like Cathie Woods of ARK.
