Investment Trust Buybacks Accelerate
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Trade in Soda;
Many of my recent recommendations in Soda have focused more on the discount to net asset value than the portfolio itself. Assuming the assets acquired are credible and diversified, the opportunity to purchase them at a price below their fair value is an opportunity too good to miss. Currently, the London market provides rich pickings.
Not only can investors buy these discounted investment trusts, but the trusts themselves are buying back their own shares. Buyback programmes make a great deal of sense when the assets trade below their intrinsic value.
Buybacks are a powerful tool for realising shareholder value.
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Investment Director: Charlie Morris. Editors or contributors may have an interest in recommendations. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of CryptoComposite Ltd. ByteTree Asset Management (FRN 933150) is an Appointed Representative of Strata Global Ltd (FRN 563834), which is regulated by the Financial Conduct Authority.
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