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Gresham House Strategic Plc

INTERVIEW: Gresham House Strategic – Higher growth for a lower price

Gresham House Strategic Plc (LON:GHS) Fund Manager and Managing Director Graham Bird talks to DirectorsTalk about its interim results for the period ended 30th September 2017. Graham tells us how the portfolio has performed, explains the main drivers and detractors of it’s performance and provides an outlook on the fund going into 2018.

 

At the end of a busy 6 months for Gresham House Strategic Plc, they now have 18 investments in the portfolio plus an advanced pipeline of prospective investments. Twelve of their investments represent a >2% weighting in the Fund and collectively represented 75% of NAV at 30 September.

Between 31 March and 30 September 2017, they invested a total of £7.3m into new and existing investments, with a further £2.3m invested in October. They also realised a total of £3.0m from sales of investments in the period and a further £1.1m in October creating a net cash reduction of £5.4m to £5.8m or 14% of the portfolio. Taking into account further commitments which will settle in November, the net cash position is below 11% of NAV. The investments made are consistent with the company medium-term target of a portfolio of 10-15 investments comprising c.80% of the NAV of the portfolio.

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