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The Board and Investment Manager continue to watch the effects of the pandemic on the market. The Company might hold a proportion of the portfolio in cash or money equal investments from time to time. Whilst during optimistic stock market actions the portfolio could forego potential features, during unfavorable market movements this will likely present safety. The Company will put money into equities to be able to obtain its investment goals, that are to supply each earnings and capital progress, predominantly through funding in mid and smaller capitalised UK companies admitted to the Official List of the UK Listing Authority and traded on the London Stock Exchange Main Market or traded on AIM.
Whilst the offer premiums had been engaging, it was the prevailing share value the day before the offer that we felt was very wrong. Given the variety of takeovers, it was clear that …