Welcome to EQUITY DEVELOPMENT
The UK's longest established regulated provider of sponsored equity research.
We launched EQUITY DEVELOPMENT in 1997 becoming the first ever regulated provider of Sponsored Equity Research in the UK.
Our research teams are made up of expert analysts with deep understanding & experience in their sectors. Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).
We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.
Search for Company Research
FREE REGISTRATION
Sign up today and access the very latest company research
LOG IN
For access to all company research please
Kleinwort Capital Trust
Fund investing in private equity, principally in medium-sized MBOs and MBIs
KCT maintains strong cash position throughout current bear market
- KCT has maintained its strong cash position throughout the current bear market, refusing to pay inflated prices for investment opportunities. The company is now, however, more optimistic about conditions for investment, stating that ‘pricing generally became more realistic during the course of the year (2002)’, and has indicated that investment activity will increase in 2003.
- The shares now stand at a discount to net asset value of 28.7%. Cash or near-cash accounts for about 98p per share or 46% of NAV: stripping this out from both share price and NAV would imply an actual discount of 52.9% to the underlying investments held in the portfolio.
Publication Date:
April 30 2003