Sabvest has long been well-regarded, but the lack of share liquidity precluded institutional shareholders from participating meaningfully in the business. It has become a bit more prominent in the market in recent months. Trading liquidity was boosted when shares belonging to big player Ronnie Price were placed with new and existing investors. It’s a start, and the share price has perked up. But Sabvest still does not enjoy the market patronage that is evident at other investment trusts. What still needs to change is for prime mover, major shareholder and CEO Chris Seabrooke to make a key structural alteration in dismantling the archaic (and unnecessary) N-share structure. The sizeable differential in the trading price of the ordinary shares and the N-shares is likely to cause confusion. IM reckons this will be addressed sooner rather than later, with an increasing number of investors taking notice of Sabvest’s investment proposition. At end-December Sabvest’s main value was stored ...

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