Alliance Trust removes the shackles by buying out Elliott but has it done enough?


#1

Originally published at: http://whichinvestmenttrust.com/alliance-trust-removes-the-shackles-by-buying-out-elliott-but-has-it-done-enough/

The activist investor, responsible the massive recent changes at the Victorian era trust, has built up a near twenty per cent stake, that was spoiling investor sentiment following the implementation of a new investment strategy. Alliance Trust (LON:ATST) has agreed to buy back the entire stake held by Elliott, the activist investor and largest shareholder…


#2

Surely they’re in last chance saloon before they’re taken over by Baillie Gifford or Henderson or someone.

I sold my last holding in December and switched in to Witan which seems a better option for me, with better performance and proven management.

Also quite like Seneca as a bit of an insurance policy against all with the market getting ahead of itself. Pays a nice dividend too.