Page 36 - DIY Investor Magazine | Issue 39
P. 36

   Nov 2023 36
DIY Investor Magazine ·
TECH-FOCUSED PRIVATE EQUITY
HgCapital released a solid set of interim numbers last month and there have been numerous disposals above carrying value. Its discount has narrowed a little but is still around 20%; its shares have made three moves above the £4 in the last few months, falling back each time.
BIOTECHNOLOGY AND HEALTHCARE
International Biotechnology is now at Schroders Capital with Ailsa Craig and Marek Poszepczynski continuing as co-managers. No major changes are expected to the overall strategy, which is what I was hoping for.
UK SMALL CAPS
Nothing of note other than rumblings about what might happen to around a third of AIM companies, if Inheritance Tax was to be reformed.
Henderson Smaller has around 30% in AIM, BlackRock Smaller about 45%, and Baronsmead 30%. If AIM tax reliefs were scrapped, it could cause some further pain, and some of AIM’s recent poor performance could be because of these concerns.
CRYPTO
KR1 keeps ticking along. It made an early investment in a project called Celestia that might launch by the end of the year so that could help its NAV.
JOIN ME OVER AT MONEY MAKERS
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    THE 2024 HANDBOOK IS OUT SOON
The Investment Trusts Handbook 2024 is due to be published on 12 Dec 2023. As with previous editions, the e-book version is free and the hardcover retails at £29.99.
You can click here to pre-order the print version at Amazon and it is also available at Harriman House.


















































































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