crossley and West of invesco Techmark enterprise buy shares as discount goes beyond 50%
The two managers of the Invesco Techmark Enterprise Trust bought 50,000 shares in the company last week as its share price dipped to a 50% discount to NAV. Andrew Crossley, lead manager, said both himself and Robin West, who works closely with him on the £12.5m trust, made the decision because they felt the whole technology market was oversold, which had led to a depressed NAV and rating. Crossley said: 'For a conventional trust, I cannot remember a time when the discount had been so wide. This, in our view, represented an excellent buying opportunity.' Alan Ray, analyst at Cred...
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