Digital 9 Infrastructure plc (DGI9)

Digital 9 Infrastructure plc (DGI9)

Blog posts

Portfolio Review 2024 – Mark Bentley

This article reflects the opinions of its author and not necessarily those of ShareSoc. Introduction This is now my fifth annual comprehensive portfolio review. See my 2020 review for an explanation of my investment objectives, strategy, "asset types" and investment accounts. My 2023 review can be found here. In 2024 my portfolio's underperformance of my FTSE All-Share total return benchmark continued, albeit more modestly. My total return was 7.7% vs 9.8% for the benchmark. I may have to review my strategy if this underperformance ...

Net Asset Value (NAV) Write-down at DGI9

This article reflects the opinions of its author and not necessarily those of ShareSoc. Was fund manager Triple Point overpaid? As Sachin Saggar comments in this piece, it is inconceivable that the manager of Digital 9 Infrastructure (DGI9), a Jersey regulated closed-ended fund, did not know the NAV, on which basis they received fees, was materially overstated. It is time for the company to put the insurers of everyone involved on notice and for the Jersey regulator to step in and investigate Triple ...

Portfolio Review 2023 – Mark Bentley

This article reflects the opinions of its author and not necessarily those of ShareSoc. Introduction This is now my fourth annual comprehensive portfolio review. See my 2020 review for an explanation of my investment objectives, strategy, "asset types" and investment accounts. My 2022 review can be found here. 2023 was again a difficult and disappointing rollercoaster year. For the second consecutive year my results underperformed my FTSE All-share total return benchmark. See "Results Breakdown" below for the gory details. At least this year my aggregate ...

ShareSoc News

Digital 9 Infrastructure – Catastrophic Performance Harms Shareholders

ShareSoc has considered the DGI9 case carefully and has approached the FCA.  ShareSoc member Paul de Gruchy has written previously about disturbing revelations at DGI9. Further research by Paul has revealed apparent failures by TriplePoint, the fund’s former Alternative Investment Fund Manager (AIFM) to comply with the investment policies set out in the fund’s prospectus, contributing to a collapse in DGI9’s NAV and in its share price.  The case has been considered by ShareSoc’s policy committee which decided to approach the FCA with ...

The Pros and Cons of Shareholder Litigation

  A key element of ShareSoc’s mission is to ensure fair treatment for individual investors. We often campaign when investors are misled, or their funds are misappropriated. There are two principal outcomes we look for: 1. Redress for losses that should not have happened. 2. Punishment for those that mislead investors or misappropriate funds, to deter others. This article focuses on the first of these desired outcomes, although we are equally concerned about both. Wherever losses are recoverable we want to see that happen. The question we ...