BH Macro Ltd. GBP Shares (BHMG)

Sector:

Investment Firms

Index:

FTSE Small Cap

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2,220.00p
   
  • Change Today:
      37.50p
  • 52 Week High: 2,220.00
  • 52 Week Low: 1,940.00
  • Currency: UK Pounds
  • Shares Issued: 14.12m
  • Volume: 13,871
  • Market Cap: £313.40m
  • RiskGrade: 52
  • Beta: 0.01

BH Macro reports slight rise in first half NAV

By Alexander Bueso

Date: Thursday 25 Aug 2016

LONDON (ShareCast) - (ShareCast News) - BH Macro reported a slight increase in the net asset value of its sterling shares at the half-year stage following buybacks and a discounted tender offer for 25% of the vehicle's stock following lacklustre results over the preceding two-and-a-half years.
NAV performance for the sterling shares over the first half as a whole was 1.64%.

The firm, which invests all of its assets in the Brevan Howard Master Fund Limited, aims to generate consistent long-term appreciation through active leveraged trading and investment on a global basis and has a track record for not being correlated with other markets and offering low volatility.

Nevertheless, said fund ended the six-month period to 30 June with a slight fall, following a similar performance over the course of the previous two years.

The discounted offer was meant to compensate for the widening gap observed between the value of the shares and its underlying performance and prospects since the middle of 2015.

BH Macro therefore repurchased $140m in shares worth approximately 8% of its total net asset value in the backhalf of 2015 and a further $116m over the first three months of 2016, after which it proceded to carry-out the tender at discounts of between 4% and 8%.

The shares thus bought were afterwads cancelled.

According to BH Macro, the first six months of 2016 were a convulse period for markets, with sharp movements observed in equity markets followed by an abrupt adjustment following the referendum vote amid uncertainty regarding the prospects for further rate hikes in the US and the impact of monetary eaasing in the Eurozone and Japan.

Given those conditions, the fund concentrating on preserving investors' capital.

"There were tactical opportunities for short-run trading gains, but no trend movements that might offer more significant returns for macro-trading strategies," BH Macro said in a statement.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BHMG Market Data

Currency UK Pounds
Share Price 2,220.00p
Change Today 37.50p
% Change 1.72 %
52 Week High 2,220.00
52 Week Low 1,940.00
Volume 13,871
Shares Issued 14.12m
Market Cap £313.40m
Beta 0.01
RiskGrade 52

BHMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.18% above the market average20.18% above the market average20.18% above the market average20.18% above the market average20.18% above the market average
68.88% above the sector average68.88% above the sector average68.88% above the sector average68.88% above the sector average68.88% above the sector average
Price Trend
54.10% above the market average54.10% above the market average54.10% above the market average54.10% above the market average54.10% above the market average
59.68% above the sector average59.68% above the sector average59.68% above the sector average59.68% above the sector average59.68% above the sector average
Income Not Available
Growth
68.15% below the market average68.15% below the market average68.15% below the market average68.15% below the market average68.15% below the market average
60.7% below the sector average60.7% below the sector average60.7% below the sector average60.7% below the sector average60.7% below the sector average

BHMG Dividends

No dividends found

Trades for 16-Aug-2018

Time Volume / Share Price
09:38 10,723 @ 2,204.00p
16:35 819 @ 2,220.00p
16:20 680 @ 2,220.00p
16:20 93 @ 2,215.00p
16:20 18 @ 2,215.00p

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