20th Aug 2021 17:43
Sherborne Investors (Guernsey) C Ltd - closed ended investment company - As at June 30, 2020, net asset value per share was 79.67 pence, up from 50.15p the same date a year before and 60.21p at the end of December.
For most of the period, the company pursued its investment strategy through its 6.0% shareholding in Barclays PLC, which was disposed of in May.
As a result, Sherborne's investment manager has identified a new selected target company, and has started the process of purchasing securities in it, believing it offers a more attractive turnaround opportunity than Barclays.
"The investment manager intends to discuss with shareholders the investment thesis underlying its investment in the new selected target company once the funds have accumulated a disclosable shareholding," the company stated.
Current stock price: 59.80 pence
Year-to-date change: up 43%
By Dayo Laniyan; [email protected]
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