Page 42 - DIY Investor Magazine | Issue 41

The build-out of the portfolio and site upgrades to 2-hour durations appears by to be a little behind schedule but not to any great degree. A disposal or two wouldn’t go amiss to give investors more confidence in the asset valuations.
TECH-FOCUSED PRIVATE EQUITY
The Money Makers podcast that Jim Strang, the Chair of HGT, did with Jonathan Davis a few weeks ago is worth a listen. The discount here has remained at single-digit levels for a few months now, which is encouraging.
BIOTECHNOLOGY AND HEALTHCARE
Worldwide Healthcare faces its next five-yearly continuation vote at its AGM on 10 July, which should be plain sailing.
· August 2024 42 I was a little disappointed that the latest annual results didn’t feature the directors’ review of the managers, something they said would be happening in the previous set of results, but performance here has improved of late.
Nothing of particular note has happened with either International Biotechnology or BB Healthcare although the latter continues to be dragged down by its exposure to small and mid-cap healthcare plays.
UK SMALLER COMPANIES
DIY Investor Magazine Both Henderson and BlackRock Smaller showed some tentative signs of a long-overdue rebound this quarter.
Hopefully, we are still in the very early stages of sustained recovery. I’ve finally moved my Baronsmead Venture
holding out of certificated form and onto a retail platform. It was a very quick process in the end – I was expecting
it to take several weeks but it was done in a few days. Unfortunately, all the major platforms that I have looked at don’t seem to offer online dealing in this stock at the moment so I may need to resort to old-fashioned telephone dealing
when I do decide to sell some of this position.
CRYPTO
KR1 has bought back a few shares but recent declines in crypto prices have knocked the value of its portfolio. Its 2023 results were published a lot quicker than in previous years, another sign that governance is steadily improving.
You can read my fund profiles at Money Makers
I am continuing to write fund profiles at Money Makers with recent articles covering Schroder AsiaPacific, Premier Miton Global Renewables, Aurora, BlackRock Smaller Companies, Scottish Mortgage, CT Private Equity, RTW Biotech Opportunities, CQS Natural Resources Growth & Income, Henderson High Income, VH Global Sustainable Energy Opportunities, Artemis Alpha, and STS Global Income & Growth.
The profiles are published on Wednesday mornings and there are now around 150 available to view in our back catalogue. Here is the sign-up page if you’d like to find out what else you get as a subscriber to Money Makers.