share prices

Hansa Investment Company

LN: HANA

£108.4m market cap

135.5p last close

Hansa Investment Company Ltd (Hansa) is the Bermudan-based successor company to Hansa Trust. It seeks to grow shareholder value by investing in a portfolio of quoted and unquoted investments, which may not normally be available to the general public. The fund combines a strategic stake in Ocean Wilsons Holdings (OWHL) with a portfolio of global equities and predominantly third-party managed funds, giving access to primarily non-UK equities and more thematic and diversifying funds. Since end-FY17, Hansa has not had a benchmark, but measures its performance against a number of key performance indicators, including the FTSE Gilts All Stocks Total Return index, the rate of CPI inflation, and the MSCI AC World index.Note: Hansa has two classes of share. There are 40m ordinary shares (HAN) and 80m non-voting A shares (HANA). Market cap refers to the A shares; total market cap is approximately 1.5x the figure shown but will vary as the ordinary and A share prices may differ.

Investment summary

Hansa Investment Company Ltd (HAN/HANA) is arguably unique in its sector, with a portfolio made up of global equities, regional and thematic funds, diversifying (mainly hedge) funds and a large strategic position in Ocean Wilsons Holdings (OWHL), which in turn has a majority stake in Brazilian maritime services company Wilson Sons (WSON). Lead Manager Alec Letchfield’s focus on capital preservation as well as growth has enabled the portfolio to outperform UK and global equity indices in the recent stock market volatility, with new holdings such as Selwood Asset Management Liquid Credit Strategy already having a positive impact. In August 2019 the company redomiciled to Bermuda and undertook a five-for-one share split (see Recent developments).

Share price graph
Price performance
%
1m
3m
12m
Actual (22.6) (28.3) (30.5)
Relative* (8.5) (3.2) (11.0)
52-week high/low 204.0p/128.5p
*% relative to local index
Key management
Jonathan Davie Chairman
Alec Letchfield Chief Investment Officer
Stephen Thomas Chief financial officer

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