Back to $HCI

Trimmed my HCI position on the back of rand strength and declining embedded value per share, given the fund…by @rands_and_returns on $HCI

AY
Ayanda B.@rands_and_returns·Bearish

Trimmed my HCI position on the back of rand strength and declining embedded value per share, given the fund's significant rand-denominated liabilities and the fact that offshore equity exposure alone doesn't justify a 25% premium to NAV when global rates remain elevated.

View