Market's view on Onward Opps
Published on April 2024
- A Stock watcher discussed an interview with Laurence Hulse, a fund manager at Onward Opportunities, where he shared insights from his experience at Barclays Capital. The key takeaway was the importance of patience in trading, as initial losses do not necessarily indicate a bad investment if the decision is sound in the long term.
- Another Stock watcher mentioned the investment of 98% of NAV into 10 UK Gilts and treasury-bills by ONWD, highlighting the running yield in excess of 4% and the short maturity duration of less than six months.
- Discussion about ONWD’s initial investment strategy after trading commenced includes the deployment of a significant amount of NAV into UK Gilts and treasury-bills. Additionally, about 18% of NAV was invested into six initial investments, with further details pending as due diligence completes.
- ONWD’s initial core investment in Angling Direct (ANG LN) was highlighted, focusing on its potential as a growth or value investment based on upcoming strategic decisions. The discussion also noted the company’s strong market position in the UK and its challenges and potential in the European market.
- A Stock watcher noted the potential fit of Megasteel for an RTO with TMOR, detailing the ongoing investor roadshow and the nearing completion of the RTO process.
- Another discussion pointed out the potential acquisition of Amcomri Group by Rockpool Acquisitions PLC, which would transform Rockpool from a SPAC to a profitable trading enterprise. This acquisition is expected to benefit both Rockpool and Amcomri shareholders.
- Onward Opportunities Limited’s admission to AIM was discussed, highlighting its focus on UK smaller companies with potential for strategic, operational, or managerial catalysis to unlock value. The company’s investment strategy includes targeting meaningful minority stakes and maintaining a concentrated portfolio of high conviction investments.