Very brief post on this.
Back in December 2014 some of you may have invested in Renn Universal Growth.
It was a liquidating investment trust worth £2.95 with an offer price of £2.24 and £1.68 in liquid assets. Post on it is here.
Continue reading “Blast from the Past – Renn Universal Growth – Finally Money Returned”
I put a position on in this a couple of weeks ago @33p, its risen strongly since but is still a buy at 40p. Its a neat little company which hasn’t been widely covered (as far as I am aware). It has a healthy 6-8% yield. Pretty much all earnings are paid as a dividend. Its trading just above book value. My current position is a 3.5% portfolio weight, which feels a touch light. I am still adjusting to growth in the size of my portfolio and don’t want to be too heavy in illiquid stock, I may well add in time as this plays out.
Continue reading “Steppe Cement $STCM – Kazakh Cement Company”