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Pershing Square Holdings (PSH)
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Big boy
Posted: 08 November 2024 18:19:01(UTC)
#514

Joined: 20/01/2015(UTC)
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deleted...
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Mr GL
Posted: 08 November 2024 22:41:37(UTC)
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Big boy;325054 wrote:
CPCC;324951 wrote:
Amazing that a IT can trade on a 30% discount when majority / near all of its holdings are of publicly listed companies.


Remember it’s a controlled Trust ..


so is Brunner and that is on a premium...
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3 users thanked Mr GL for this post.
Jay P on 08/11/2024(UTC), Big boy on 09/11/2024(UTC), Peter61 on 09/11/2024(UTC)
Big boy
Posted: 09 November 2024 08:12:10(UTC)
#516

Joined: 20/01/2015(UTC)
Posts: 6,679
Deleted as no interest..
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Johan De Silva
Posted: 09 November 2024 09:27:27(UTC)
#517

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Market conditions are perfect for discount narrowing. I am surprised it hasn't moved yet. Believe the coming week could be really good. We are lucky to have access to these companies and trusts that are not efficiently priced.
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Big boy on 09/11/2024(UTC), Sheerman on 09/11/2024(UTC), Guest on 09/11/2024(UTC)
Keith Cobby
Posted: 09 November 2024 09:37:42(UTC)
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'Opportunistic hedging strategies' is the phrase causing the discount, the fear that Ackman may blow up the portfolio. If he committed to running PSH as a long only equity fund the discount will narrow. Brunner, by comparison, is a widely diversified global trust (by geography and sector). The reason for RCP's discount is that nobody knows what the trust is invested in.
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4 users thanked Keith Cobby for this post.
bearcub on 09/11/2024(UTC), Mr GL on 09/11/2024(UTC), Guest on 09/11/2024(UTC), Auric on 19/11/2024(UTC)
Big boy
Posted: 09 November 2024 09:39:47(UTC)
#518

Joined: 20/01/2015(UTC)
Posts: 6,679
Johan De Silva;325099 wrote:
Market conditions are perfect for discount narrowing. I am surprised it hasn't moved yet. Believe the coming week could be really good. We are lucky to have access to these companies and trusts that not efficiently priced.


Well said…..Hopefully many of our Members are beginning to understand what I have been banging on about.
Discounts not only offer value but assist in predicting the future.

I accept that skill and knowledge are needed to fully benefit..

It’s interesting how many Members are being attracted to discounts…
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Guest on 09/11/2024(UTC)
Thrugelmir
Posted: 09 November 2024 11:11:19(UTC)
#519

Joined: 01/06/2012(UTC)
Posts: 5,324
Johan De Silva;325099 wrote:
Market conditions are perfect for discount narrowing. I am surprised it hasn't moved yet. Believe the coming week could be really good. We are lucky to have access to these companies and trusts that not efficiently priced.


Probably the greatest level of uncertainty there's been prior to China opening it's borders and the Berlin Wall coming down. The factors that created the boom years have seemingly all gone into reverse gear.
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Johan De Silva
Posted: 09 November 2024 11:29:46(UTC)
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Thrugelmir;325108 wrote:
Johan De Silva;325099 wrote:
Market conditions are perfect for discount narrowing. I am surprised it hasn't moved yet. Believe the coming week could be really good. We are lucky to have access to these companies and trusts that are not efficiently priced.


Probably the greatest level of uncertainty there's been prior to China opening it's borders and the Berlin Wall coming down. The factors that created the boom years have seemingly all gone into reverse gear.

Is the boom fuelled by money supply? Then it can keep going until the next issue such as the US debt in December and then it's boom again. No real bust in sight, but there never is right? Thrugelmir you are likely to underperform in value for the next few months until one day...

(I know when to back down and request the experience of forum members)
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Sheerman on 09/11/2024(UTC), Guest on 09/11/2024(UTC)
ravedeath
Posted: 15 November 2024 13:09:04(UTC)
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Looks like PSH have indeed increased Nike and also Brookfield...

https://seekingalpha.com...ookfield-among-q3-moves


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Raj K on 15/11/2024(UTC), markydeedrop on 15/11/2024(UTC), Auric on 19/11/2024(UTC)
Johan De Silva
Posted: 17 November 2024 14:10:49(UTC)
#523

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Continued from transactions thread...

Bill Ackman has expressed his intention to move PSH from Amsterdam to the US:
https://www.msn.com/en-u...-that-right/ar-AA1tNI3X

He mentioned that he plans to seek approval from the board to eliminate PSH's listing on the Euronext Amsterdam exchange:
https://ca.finance.yahoo...43890.html?guccounter=1

He believes that concentrating the listing on a single exchange, such as the LSE, and moving the domicile to the US would offer significant benefits, including improved liquidity and cost savings... I suspect Trumps corporation TAX cut may also help.
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2 users thanked Johan De Silva for this post.
Raj K on 17/11/2024(UTC), Sheerman on 17/11/2024(UTC)
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