Thereās a relatively well hidden option for alerts under āresearch toolsā on the AICās website @EquityInvestor. I didnāt know it was there for years.
As I recall, you have to set up an account and itās pretty clunky. Scraping data into Google Sheets may be a better option.
Yes, Iāve been following the Saba saga on and off @Dougal1984 ā it seems to have been building towards this for a fair while.
Iāve not watched that closely because, aside from HRI which I exited a few years ago, I havenāt held any of the trusts in question.
Iām surprised we havenāt seen more of this type of thing actually, with average discounts hitting 2008 crisis levels in recent years.
Itāll be interesting to see how it plays out.
Given the extraordinarily poor performance of KPC, as an example, Iād imagine some shareholders may be amenable to siding with Saba.
At this point of time I donāt believe it is. If 212 were able to provide a letter of representation then we could vote in person, I canāt see it being a difficult thing to implement in the app as a downloadable template but right now they wonāt support that.
I may be wrong but Iād imagine this may have been the one Saba was least likely to win. HRI has a good long-term record and managementās well thought of.
I did read a headline somewhere that BlackRock had done a deal with Saba to get it to back off on its trusts.
Here is an interview with the chairwoman of Keystone Positive Change IT in which she explains the boardās view on Sabaās proposal, in case anyone is interested:
Interesting listen, thanks. I find it hard to have much sympathy with KPCās management. I dodged a bullet with that trust. Thankfully, Iām never bought into the whole āpositive changeā strategy, which sounds so wishy-washy.
@Joey_Fantana This cracking UK Investment Trust is available on a segment 212 have access to, could you maybe work your magic with the daily requests and note this is missing please?
Liquidity on RKWās not great from memory, might have improved now. Iām pretty sure itās managed by Harwood Capital which also runs Odyssean, Onyx and North Atlantic Smaller Companies. Christopher Mills has a good reputation in terms of UK small caps.
TLDR - share price/nav up 100% in 10 years, currently at a 42% discount, regularly trades at discount, its top holding(33% trust) has a takeover bid. If successful hope for a capital distribution / share buyback to reduce discount to nav.
Iāve never been fussed about voting. I wish I could turn the āvote on the future of Xā emails off but they seem to be included within required notifications.
Iām sure Iād feel very differently if I held a big enough stake in a company to give me a meaningful say.
I have thought for a while that there have got to be interesting Investment Trusts at large discounts, but from my basic searches I havenāt found anything. Iāll look into this one a bit more.
