It's available through AJ Bell, min. investment £2K. I haven't looked at it and have no view at this stage.
I've downloaded the documents to look at over the weekend. So, no view either. I've pencilled in the cash, just in case.
If it does go on WA that would be my preference. I can take a smaller position that way.
Otherwise I'm interested a just adding to my Octopus Choice, 2ndry market purchase and new raise on Seedrs and adding to the household's ISAs. Probably a look at BCPT and where HFEL, JEMI or IAPD are at. I have a long standing holding of IASP, yields not great, but there might be an opportunity for capital gain. Too early at the moment.
If things have gone off the rails, I'll be retreating to IWRD....again. In that context a smaller punt, via WA, on BRU2 would work best for me.
If I can, I've deciced to buy the IPO. My brokers appears to be offering it. So, I guess I'm wating on developments.
It looks like the best of the (very few) recent ORB offers. I won't be filling my boots, but in my well diversified portfolio I think it's going be OK.
Decent enough business, I like "family" ownership, could benefit from Government policy and interesting way to play "start-ups". Wework feels like it's going to be less of a threat:
"In recent years, new entrants (such as WeWork) into the Manchester and Birmingham serviced office markets have provided some competition in the property sector. However, despite some aggressive price pressure from competitors, the Bruntwood Group’s serviced space occupational and pricing statistics have held up strongly. The Bruntwood Group believes the two key factors to explain this are increased demand and that the principal offering of those new competitors is something that the Bruntwood Group has been offering its clients for many years, but the Bruntwood Group believes it has been able to retain its competitive advantage of catering for all scale of customer demand through the depth of property ownership that the Bruntwood Group has in these cities."
- disruptors like to think they have "first mover advantage", sometimes established businesses take a very much longer time to distrupt than we think or expect.
Just one last thing for me to check, besides RNS, how well do they communictate with retail holders?
RNS's are on Investgate, but the LSE doesn't appear to publish them on the "home page", but I'm presuming you'd get them via email if you add the bond to an LSE portfolio, and the company does have a dedicated news page which doesn't appear to have an email news service (I suppose you could use VisualPing to monitor it) at first glance there's no "investor page" so trading updates looks sparse (they don't appear to come via Investgate either), so it's Companies House then. That doesn't feel a problem for a marginal holding.
Application has gone in. I was trying to think about the last time I participated in an IPO. I think I stagged Royal Mail? Could that have been possible? I know I didn't hold them long anyway. It's been a longtime.
In a different life I used to work on a lot of the big cross-border new issues and enjoyed sharing war stories in Scotland's Annual Co. Sec & Registrars bash.
I think happy days.....thank you Sid!
That's a "new issue" on Seedrs left on my to-do-list, a "top-up" - in the 00's - to one of my existing REITs, re-invest the income of WA - Shop Direct, Premier Foods, Enquest, AMC appear on my list - decide if there's an opportunity to open a new position in AEW UK.....and see if Octopus Choice move my cash along!!
That's enough I think. Let's hope no pre-emption rights come along. Otherwise I'm going to have to raid my piggy bank and look down the back of the sofa!