Undeterred by failing to raise anywhere near the £50m last year (let alone +£50 million over allotment) they are going again.
Its history kind of goes against it especially the board and audit stuff but I seem to remember they cleaned out the portfolio a bit, maybe in a few years it will have regained its shine. Nobody here a fan then?
sinterklaas wrote: I seem to remember they cleaned out the portfolio a bit
I do recall Foresight trying to persuade us along those lines. I think a more realistic take is that after so many of the investments resulted in complete loss, it was inevitable that what's left had to be better quality...
That could make it eligible for a speculative punt in the secondary market. Winning scenarios there would include either investment performance (which admittedly looks like a long shot) or closing of the discount. Another tender offer would bring us the latter.