Comments on: Mello Trusts And Funds: 4 Companies I’m Watching

By: ITinvestor

ITinvestor — Wed, 05 Jun 2019 11:30:18 +0000

The Blue Whale video can now be seen at: https://www.youtube.com/watch?v=oT5gCLkkkH8

And PIWorld has loaded a few videos on its website, including Impax Asset Management: https://www.piworld.co.uk/2019/06/05/impax-asset-management-ipx-presentation-at-mello-may-2019/

By: ITinvestor

ITinvestor — Tue, 04 Jun 2019 09:18:13 +0000

In reply to Michael Blake. Yes, I like Kepler as well. They seem to be the most profilic of the paid-research firms that cover investment trusts although Edison and Quoted Data seem to go into a little more detail, especially on their initiation notes.

By: Michael Blake

Michael Blake — Sat, 01 Jun 2019 08:31:49 +0000

I hold Pantheon and am very happy with it, nice discount too. Kepler is pretty good, you can sign up for their email updates. Thanks for the Zak/Ben comment, I think they have mentioned turning Menhaden into a family trust similar to RIT Capital Partners, hence my thoughts.

By: John

John — Sun, 26 May 2019 23:33:52 +0000

I enjoyed the event. It didn’t seem to be widely advertised so I almost missed it. Didn’t realise there were discount codes – I payed the full price. However, it was very interesting and I woud go again.

Kepler TrustIntelligence sponsored one of the rooms. They were new to me. I’ve taken a look at their website, which covers research on ITs, and enjoyed some of the articles. Will read more, Worth taking a look: https://www.trustintelligence.co.uk/.

Of the presentations I saw I found Pantheon, GRIT (African real estate) and Oakley Capital the most interesting to me. I’ll be investigating those further.

By: ITinvestor

ITinvestor — Fri, 24 May 2019 08:02:07 +0000

Gore Street is pretty similar to Gresham House from what I understand albeit much smaller at the moment. It also has some facilities that are ‘behind the meter’ which I think essentially means they go through another company before getting to National Grid (and so are probably less profitable). But it’s a complex set-up so I’m not entirely sure how important that distinction is.

Just found this interview with the manager of the Gresham fund that covers their views on the potential nationalisation of National Grid.
https://citywire.co.uk/investment-trust-insider/news/why-renewables-fingers-are-crossed-on-labour-energy-plans/a1232456

I suspect you might be able to view some of the videos online later on, as some of these events sell video-only access for those that aren’t able to make the trip. Not sure if Mello has done this with past events though.

Menhaden is a weird one. I think it was Zak rather than Ben that went for mayor, but he’s certainly a busy man and the lack of a proper team around him at first does seem to have contributed to the slow start they had. Impax Environmental Markets is probably a much purer play on these sort of companies I would say. It’s on my (long) list of ITs to look at in more depth.

By: Michael Blake

Michael Blake — Fri, 24 May 2019 06:52:09 +0000

Thanks for sharing, it was too far for me to get to but looked a good opportunity for investors. Menhaden, I looked at this some time ago when I was very interested in it, eventually, when I saw Ben Goldsmith going for London Mayor as I thought ‘just how involved is he in the IT’. Overall the sector has been dreadful imho. Renewables are interesting, Gore Street currently paying around 8% dividend and of interest with its focus on battery storage, I wonder about Government interference though.