Digital 9 Infrastructure ($DGI9) plans to propose a plan to shareholders for a managed wind-down of the company, according to a Monday release.
The digital infrastructure-focused investment company said the plan follows its strategic review and will involve a change in the company's investment objective and policy.
Digital 9 currently intends to retain its investment trust status and listing amid the wind-down procedure, adding that it could reconsider the listing status after the wind-down process.
The company will start preparing the sale of its fully owned assets including Aqua Comms, EMIC-1, Elio Networks, and SeaEdge UK1, and defer the sale process for its stake in Arqiva.
That was an interesting read, oh Great Wise Oak Man.
I would suggest that the 2 original managers of DGI9 who quit when they weren't allowed to open a private fund, had a unique expertise which was used to pick good investments in this sector. They didn't seem to have much understanding of financial strategy.
However, there must be a higher level board of directors of all the Triple Point funds and they have no track record of success in any of their funds, and that is always a risk factor to bear in mind.
Oak Bloke called it:
Digital 9 Infrastructure ($DGI9) plans to propose a plan to shareholders for a managed wind-down of the company, according to a Monday release.
The digital infrastructure-focused investment company said the plan follows its strategic review and will involve a change in the company's investment objective and policy.
Digital 9 currently intends to retain its investment trust status and listing amid the wind-down procedure, adding that it could reconsider the listing status after the wind-down process.
The company will start preparing the sale of its fully owned assets including Aqua Comms, EMIC-1, Elio Networks, and SeaEdge UK1, and defer the sale process for its stake in Arqiva.
Shares jumped over 14% early Monday morning.
Price (GBP): £28.07, Change: £+3.47, Percent Change: +14.12%
$DGI9
Source: MT Newswires
That was an interesting read, oh Great Wise Oak Man.
I would suggest that the 2 original managers of DGI9 who quit when they weren't allowed to open a private fund, had a unique expertise which was used to pick good investments in this sector. They didn't seem to have much understanding of financial strategy.
However, there must be a higher level board of directors of all the Triple Point funds and they have no track record of success in any of their funds, and that is always a risk factor to bear in mind.
Plexus - brave man. Paul S stocks get a right old tailwind in price from his readers. Looking forward to hearing your thoughts. I am not a holder.
Good honest summary (as always) OB
Nice end of month round up. Thanks.