Benjamin Hornigold Ltd. (AU:BHD) has released an update.
Benjamin Hornigold Ltd reported a negative gross portfolio return of 1.89% for the month and an unaudited Net Tangible Asset per share of 28.31 cents, excluding unrecognised deferred tax assets. The company outlined its flexible and opportunistic investment strategies, which include discount capture, arbitrage, deep value investments, and event-driven positioning, aimed at capitalizing on market volatility and providing absolute returns. Additionally, ongoing litigation with John Bridgeman Ltd and JB Financial Group Pty Ltd continues, with potential significant uplift to shareholders if debts are recovered.
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