Disclosure – Non-Independent Marketing Communication
This is a non-independent marketing communication commissioned by Bellevue Healthcare. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
In this episode of Talking Trusts, we catch up with Bellevue Healthcare (BBH) Manager Paul Major. We talk about buy opportunities, underlying earnings in the portfolio and M&A in the healthcare sector. We finish off by talking about company meetings and why they're an underappreciated part of the investment process. You can skip to individual questions using the timestamps below:
00:00 - Risk warning and intro
01:11 - Is 2023 still a historic 'buy' opportunity?
04:41 - What do earnings in the underlying portfolio look like?
07:17 - Is M&A impacting the portfolio?
11:01 - Have you added to the portfolio or to existing positions?
16:20 - How do you pick winners in nascent technologies?
20:45 - Are early stage holdings struggling to raise money?
24:45 - Are any of your companies benefitting from peers being flushed out?
28:25 - What do investors miss by not going to company meetings?