Listen now (27 mins) | This week's "In Conversation" is with Mark Mahaffey (Hindesight newsletter) as we discuss focusing on dividends for long term gains, plus why an inflation band pivot could be a plus for silver miners
Hi Jim. Good question. The original Honeycomb fund merged with the manager Pollen St. i think the merger was not a great idea for the Honeycomb investors as it was far too generous imho to the Pollen St owners. It remains a sound business with decent cashflow but many investors share my negative sentiment.
Pollen Street - you still recommend this and Barclays today started it with a price of 900p. Struggling to understand the share price fall. Since talk of merger began through to today the price has fallen from 945p to 514p. No guidance on why has been given. Previously Honeycomb had a target discount of 5% controlled by buybacks it is now 44% Any thoughts?