Symphony International ($SIHL) 3- Selling at $86.25 +57%

Sold all my Symphony International on Monday at $0.8625.

Discount has narrowed substantially – it’s now got a NAV of $1.16 so trading on a discount of 25%.  When I first invested in this in January 2014 the discount was 45%.

The NAV / discount has only fallen slightly – even though the share has paid out quite a lot 35c.  Underlying assets have done quite well.

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Symphony International Holdings (SIHL.L) Music to my ears ?

I have recently (Dec 13) created a position in Symphony International Holdings.  I bought at 74-75c per share.  7% Weight in my portfolio – which for me is medium – not the biggest position but far from the smallest.

This is something of an oddity.  It is a London-listed fund which purports to be a private equity fund.  In fact c76% of its portfolio is in listed Asian equities and cash.
Continue reading “Symphony International Holdings (SIHL.L) Music to my ears ?”