MARC HASENFUSS: Sabvest: Details please!
There’s lots going on at the investment company but it really should share more figures about the big guns in its portfolio
There are innumerable portfolio angles to mull in the end-June interim results for the widely diversified investment company Sabvest Capital. But perhaps the most telling nuance around investment philosophy lies in a relatively insignificant transaction that involved the sale of almost 2-million shares in recently listed WeBuyCars (WBC).
The WBC shares came courtesy of Sabvest’s existing shareholding in Transaction Capital, which spun out this fast-growing online used-vehicle dealership. Sabvest, however, opted to retain its (small) stake in the former parent Transaction Capital. Many investors, I’m sure, would have done just the opposite — in other words, ditched Transaction Capital and retained WBC...
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