This article reflects the opinions of its author and not necessarily those of ShareSoc.
Following on from my review in 2020, I have now conducted a similar exercise for 2021. See last year's article for an explanation of my investment objectives, strategy, "asset types" and investment accounts.
2021 was "a year of two halves" with my holdings roaring ahead in the first half and then a bit of a rollercoaster ride since September. These market gyrations are difficult psychologically but having lived through ...
https://www.thisismoney.co.uk/money/markets/article-8979017/AA-banking-218m-private-equity-rescue.html quotes ShareSoc Director Cliff Weight who questions whether PE funds opportunistically sell their assets at inflated prices:
Cliff Weight, director of small shareholders campaign group ShareSoc, said the AA's performance would raise further questions about private equity-backed floats in future.
He said: 'In 2014 the private equity firms decided that they were better off selling the AA rather than holding on to it, after loading it up with almost £3bn in debts. It was floated with all the encouragement of the financial services ...
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Recent troubles at the AA (AA.) and Petropavlovsk (POG) brought to mind another problematic investment that I am more familiar with and which shares some characteristics of those companies. That investment is Gulf Marine Services (GMS).
IPOs by Private Equity Vendors
Like the AA, GMS was floated by its original private equity owners, with a premium listing on the LSE main market, in March 2014. GMS is a relatively straightforward business: ...