This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

More about Skin In The Game – SEC Chair sells shares

This article reflects the personal view of Cliff Weight and does not necessarily coincide with ShareSoc Policy.

Cliff Weight is a director of ShareSoc.

Cliff owns shares in SEC.

Nothing in this article should be viewed as advice.

A chair selling into the market for no good reason on a day when the trust is buying back shares; not something you see every day. The RNS  does not explain why! What little alignment of interest there was with shareholders has been further eroded. This is a big red flag to me.

As I have noted before, my personal view is that if you like SEC Fund Manager Ken’s growth portfolio sell SEC and buy his OEIC.

Previous articles published by ShareSoc about Skin In The Game:

One in 10 investment trust board directors have no ‘skin in the game’

…stakes in the trust they manage. The Rothschild family in RIT Capital had the most skin in the game, with £703 million invested in the trust they manage, followed by…

More about Skin in the Game and Impax

…Impax. https://citywire.co.uk/wealth-manager/news/impax-chair-banks-11m-on-rocketing-share-price/a1440390 explained that the outgoing Chairman Keith Falconer sold £10.6m of Impax shares. I am a great believer in skin in the game and this was a huge red…

Strategic Equity Capital GM

SEC still has a 20% discount (258p share price versus 312p NAV) and the Directors own pitifully few shares so have little skin in the game and no incentive to…

Burford – a chance to clear out the stables or a case of nothing to see?

…generally regard regulators as useless and believe that any wrongdoing is better exposed by those with skin in the game. So the change of approach is noteworthy. Burford themselves understand…

ISS announce pay issues survey results

This article represents the view of its author and not necessarily those of ShareSoc The issue of skin in the game and executive pay and how this impacts future share…

Strategic Equity Capital update

…investment in Inspired Energy, which according to its website Gresham House owns 19.8% of the equity https://inspiredplc.co.uk/investors-shareholders/ . 3. Limited skin in the game. One NED, Jo Dixon, has recently…

 

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