monabri wrote:Seems strange to be disposing of Buzz now timing wise? One would hope that the bingo halls would soon be reopening.
The bigger issue is the just under 50% of assets denominated in US dollars and the relative strength of Sterling.
I guess the write off is not that material in the context of £1.9bn trust, probably take the view recovery of Buzz will be long haul. Not concerned over the US dollar exposure in short term.
Still a fan of this trust and long term holder, have topped up at low points in last 12 months, prefer PE exposure in this set up rather than a pure PE trust where management charges are less transparent.