Benjamin Hornigold Ltd’s Strategic Financial Update

Benjamin Hornigold Ltd. (AU:BHD) has released an update.

Benjamin Hornigold Ltd reported a gross portfolio return of negative 1.25% for the month, with a Net Tangible Asset (NTA) per share of 28.85 cents before tax, excluding an estimated 11 cents per share of unrecognised deferred tax assets. The company outlined its flexible investment strategy focused on capital preservation through discount capture, arbitrage, deep value investments, and event-driven opportunities. Additionally, BHD is actively pursuing outstanding debts from John Bridgeman Ltd and JB Financial Group, with recent court developments potentially leading to significant shareholder uplift upon recovery.

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