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Pershing Square Holdings (PSH)
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Bulldog Drummond
Posted: 07 May 2021 18:25:40(UTC)
#38

Joined: 03/10/2017(UTC)
Posts: 6,253
philip gosling;168792 wrote:
Bulldog Drummond;168616 wrote:
As I say, I understand the arguments about past returns and discounts, I just find 6% fees & charges hard to swallow.




Yes it makes Fundsmith very very cheap in charges.


Relatively speaking, yes.
But in terms of what FS do and what they charge I reckon that they are a rip-off.
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Strangways
Posted: 12 May 2021 19:02:45(UTC)
#43

Joined: 23/12/2020(UTC)
Posts: 565

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3 users thanked Strangways for this post.
Mr GL on 12/05/2021(UTC), Big boy on 12/05/2021(UTC), Raj K on 17/05/2021(UTC)
Bob Welton
Posted: 17 May 2021 12:52:12(UTC)
#44

Joined: 05/08/2019(UTC)
Posts: 38
I've been holding some cash back for the last 6 weeks, but am thinking of adding to either PSH or PSTH. Of course PSH includes an element of PSTH, but I think its only ~10% of the holding..

Bill Ackman is all but saying they will confirm the PSTH SPAC Definitative Anouncment within weeks and that they have been working on the deal since last November. Of course the deal could still fall apart, but I'm keen to get others thoughts on PSH or PTSH ?

- I'm leaning towards PTSH, given that I'm already holding PSH and the potential upside of PTSH is multiples of PSH.
- I can't see the PSH Discount Narrowing that much (possibly 10%) relative to a potential 1, 2 3x on PTSH.

Any thoughts ?
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Big boy
Posted: 17 May 2021 14:27:08(UTC)
#45

Joined: 20/01/2015(UTC)
Posts: 6,676
Bob Welton;170254 wrote:
I've been holding some cash back for the last 6 weeks, but am thinking of adding to either PSH or PSTH. Of course PSH includes an element of PSTH, but I think its only ~10% of the holding..

Bill Ackman is all but saying they will confirm the PSTH SPAC Definitative Anouncment within weeks and that they have been working on the deal since last November. Of course the deal could still fall apart, but I'm keen to get others thoughts on PSH or PTSH ?

- I'm leaning towards PTSH, given that I'm already holding PSH and the potential upside of PTSH is multiples of PSH.
- I can't see the PSH Discount Narrowing that much (possibly 10%) relative to a potential 1, 2 3x on PTSH.

Any thoughts ?


Have added to PSH as on excellent discount and not so high risk/reward as PSTH.

If you want a SPAC (not on premium) type stock I am very bullish of SIGC which has 100% cash and discount mid-20s looks undervalued.
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Bob Welton
Posted: 17 May 2021 15:18:33(UTC)
#46

Joined: 05/08/2019(UTC)
Posts: 38
Big boy;170268 wrote:
Bob Welton;170254 wrote:
I've been holding some cash back for the last 6 weeks, but am thinking of adding to either PSH or PSTH. Of course PSH includes an element of PSTH, but I think its only ~10% of the holding..

Bill Ackman is all but saying they will confirm the PSTH SPAC Definitative Anouncment within weeks and that they have been working on the deal since last November. Of course the deal could still fall apart, but I'm keen to get others thoughts on PSH or PTSH ?

- I'm leaning towards PSTH, given that I'm already holding PSH and the potential upside of PSTH is multiples of PSH.
- I can't see the PSH Discount Narrowing that much (possibly 10%) relative to a potential 1, 2 3x on PSTH.

Any thoughts ?


Have added to PSH as on excellent discount and not so high risk/reward as PSTH.

If you want a SPAC (not on premium) type stock I am very bullish of SIGC which has 100% cash and discount mid-20s looks undervalued.


I'm not looking specifically for a SPAC, I'd probably normally avoid them as they tend to be over-hyped, however I have faith in Bill Ackman and so that's a core reason that I'm considering PSTH. PSTH is also trading at a reasonable price at the mo $24-25 (-20%) down its mid March peak.
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Big boy
Posted: 17 May 2021 15:33:39(UTC)
#47

Joined: 20/01/2015(UTC)
Posts: 6,676
Bob Welton;170271 wrote:
Big boy;170268 wrote:
Bob Welton;170254 wrote:
I've been holding some cash back for the last 6 weeks, but am thinking of adding to either PSH or PSTH. Of course PSH includes an element of PSTH, but I think its only ~10% of the holding..

Bill Ackman is all but saying they will confirm the PSTH SPAC Definitative Anouncment within weeks and that they have been working on the deal since last November. Of course the deal could still fall apart, but I'm keen to get others thoughts on PSH or PTSH ?

- I'm leaning towards PSTH, given that I'm already holding PSH and the potential upside of PSTH is multiples of PSH.
- I can't see the PSH Discount Narrowing that much (possibly 10%) relative to a potential 1, 2 3x on PSTH.

Any thoughts ?


Have added to PSH as on excellent discount and not so high risk/reward as PSTH.

If you want a SPAC (not on premium) type stock I am very bullish of SIGC which has 100% cash and discount mid-20s looks undervalued.


I'm not looking specifically for a SPAC, I'd probably normally avoid them as they tend to be over-hyped, however I have faith in Bill Ackman and so that's a core reason that I'm considering PSTH. PSTH is also trading at a reasonable price at the mo $24-25 (-20%) down its mid March peak.


Is that a premium or discount???... many seem to trade at a premium so that’s why I think SIGC looks so cheap...
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Bob Welton
Posted: 18 May 2021 10:52:16(UTC)
#48

Joined: 05/08/2019(UTC)
Posts: 38
BTW - The PSH Quarterly Investor Call meeting has been reset to 25th May (4pm), the same date has been set for the PSTH (the SPAC) Form 10-Q to be released. The hope is that the Definitive Announcement of the Acquisition is on that same date.
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3 users thanked Bob Welton for this post.
Big boy on 18/05/2021(UTC), Guest on 18/05/2021(UTC), Raj K on 20/05/2021(UTC)
Mr GL
Posted: 20 May 2021 06:22:31(UTC)
#50

Joined: 18/10/2020(UTC)
Posts: 5,124

Thanks: 6758 times
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Thu 20 May 2021 07:00

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today released its regular weekly Net Asset Value ("NAV") and performance returns on its website, https://www.pershingsqua...y-reports/weekly-navs/. The NAV and returns were computed as of the close of business on Tuesday, 18 May 2021.
PSH NAV per share as of close of business on 18 May 2021 was 49.06 USD / 34.57 GBP and year-to-date performance was 8.1%

26.7% discount to close last night.
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2 users thanked Mr GL for this post.
Raj K on 20/05/2021(UTC), Big boy on 20/05/2021(UTC)
Raj K
Posted: 20 May 2021 07:38:11(UTC)
#49

Joined: 22/04/2016(UTC)
Posts: 2,818

Thanks: 6460 times
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Bob Welton;170370 wrote:
BTW - The PSH Quarterly Investor Call meeting has been reset to 25th May (4pm), the same date has been set for the PSTH (the SPAC) Form 10-Q to be released. The hope is that the Definitive Announcement of the Acquisition is on that same date.





Lets hope so, he did say in an interview that they had been talking to a company for the last six months and a deal would eaither be agreed or they would move on. I have been adding to PSH in the last week, i just hope Billy Boy continues focusing on core investment principles and performance is solid going forward. A good SPAC outcome will be a bonus for us PSH holders.
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4 users thanked Raj K for this post.
Mr GL on 20/05/2021(UTC), Bob Welton on 20/05/2021(UTC), Big boy on 20/05/2021(UTC), Robin on 20/05/2021(UTC)
Bob Welton
Posted: 25 May 2021 15:16:49(UTC)
#51

Joined: 05/08/2019(UTC)
Posts: 38
PSH Investor Call Live now. - https://centurylink.cweb...-4eec-a7a7-dedfbf3afe56
Replay should be up later.
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