A short-lived liquidation opportunity: stock pick for May 2024

Liquidation time...

‘The end of a matter is better than its beginning…’

Ecclesiastes 7:8

Sometimes it’s time to call it quits, and liquidate - exactly what an investment trust listed in the UK recently decided to propose to its shareholders, after a major project went badly wrong. When the board discovered the problem, the shares were suspended at a price above net asset value (NAV), and when trading resumed recently, plunged to a small fraction of NAV: creating a bargain opportunity. Another factor likely contributing to the share price collapse is forced selling. Subscribe now to read why the forced selling is likely, what went wrong at the trust, the actions the board have taken to get control of the situation, the liquidation timeline, and what the potential return is for investors now.