Kepler Trust Intelligence Research

RNS Number : 0412Y

Menhaden Capital PLC

01 December 2017

 

Menhaden Capital plc: New research      

01/12/2017

Menhaden Capital is a value focused investment trust which seeks to generate long term capital growth and income by investing in businesses which deliver, or are well placed to benefit from, the efficient use of energy and resources.

Click here to read the full report

Highlights:

·     Trading on a double-digit discount after a difficult start in life

·     Following a management reshuffle this year the trust has seen moves to restructure the portfolio, which now comprises concentrated equity exposures (top 10 holdings representing 70% of the portfolio) in three buckets: public equities, private investments and 'yield investments'

·     Offers public and private market exposure to the secular shift toward cleaner and more efficient use of energy, whilst avoiding the risks associated with "blue sky" technology by focusing on well established businesses

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Important information - non-independent research

Menhaden Capital plc is a client of Kepler Trust Intelligence. This research should be considered a marketing communication, and is not independent research.

This report has been approved under section 21 of the Financial Services and Markets Act 2000 by Kepler Partners LLP for communication to retail clients and private persons as defined by the Financial Services Authority. This is a marketing document, and should be considered non-independent research as defined in COBS 12.3.2R. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Kepler Partners LLP (including its partners, employees and representatives) or a connected person may have positions in or options on the securities detailed in this report, and may buy, sell or offer to purchase or sell such securities from time to time, subject to restrictions imposed by internal rules. This is not an official confirmation of terms and is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. The information in this report is believed to be correct, but its accuracy or completeness cannot be guaranteed. No representation or warranty, express or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. Please remember that past performance is not necessarily a guide to the future. The value of investments can fall as well as rise and you may get back less than you invested when you decide to sell your investments. Independent financial advice should be taken before entering into any financial transaction. Kepler Partners LLP is a limited liability partnership registered in England and Wales at 9/10 Savile Row, London W1S 3PF with registered number OC334771. Kepler Partners LLP is authorised and regulated by the Financial Conduct Authority.

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