Disclaimer: This isn’t funding recommendation. The man who’s scripting this has issues distinguishing USD and GBP. PLEASE DO YOUR OWN RESEARCH !!!

A pleasant reader alerted me that I made an error within the Ocean Wilson Particular State of affairs NAV calculation. I appear to have gotten confused by the truth that Ocean Wilson experiences in USD. I did translate the Wilson and Sons stake into GBP however not the funding portfolio. As an alternative of 319,6 mn GBP, the funding portfolio is price 319,6 mn USD which equates ~ 239,7 mn GBP

So the preliminary calculation ought to have slightly regarded like this:

The anticipated return is a full -8% decrease than inititally (and wrongly) calculated. Nonetheless not dangerous, however clearly much less advantageous.

Primarily based on this, I decreased the positon to a ~1% place.

I’m deeply sorry for this error and an enormous because of the reader who alerted me. Going ahead I’ll must be extra dilligent for these calculations-

One different comment: A reader congratulated that my put up has moved the inventory value. This isn’t my intent for the weblog. I attempt to keep away from writing about illiquid shares as some readers have a tendency to not learn the posts and appear to blindly purchase. With Ocean Wilson, I used to be very shocked how illiquid this 500 mn Market cap inventory really is. For me this can be a good lesson for the longer term that I don’t write a lot about illiquid shares. I go away that to others.