Investment research on quoted companies and funds

Hardman & Co

Hardman & Co is a multi-disciplinary financial consultancy and investment research firm, employing highly experienced analysts and professionals with a broad range of capital markets expertise. Our clients are public and private businesses as well as fund managers, ranging from start-ups to £1 billion+ market capitalisations. Hardman & Co offers corporate research & consultancy, serving the needs of both public and private companies. We produce gold-standard research with a global reach for trading and investment companies, as well as providing market commentary and analysis. In addition, we carry out a number of bespoke investment-related assignments, including due diligence on bond listings, assessments of private company valuations and other corporate advisory services. We engage with the market through traditional and digital media, offering illuminating video content on corporate management strategy, results communication, interviews and in-house sector discussion.

Research from Hardman & Co, Hardman & Co

Research from Hardman & Co

Equity Bottom-Up

ICG Enterprise Trust plc / Equity Bottom-Up

<ul><li>ICGT’s discount, like most of the listed PE sector, is well above historical averages.</li><li>We also consider how the triggers to a potential re-rating have evolved in the recent past and are likely to evolve in the near future.</li><li>While many of these factors apply across the PE industry, we explain how ICGT’s position, portfolio and strategy mean it is uniquely well positioned in this environment.</li></ul>

ICGT’s discount, like most of the listed PE sector, is well above historical averages.We also consider how the triggers to a potential re-rating have evolved in the recent past and are likely to evolve in the near future.While many of these factors apply across the PE industry, we explain how ICGT’s position, portfolio and strategy mean it is uniquely well positioned in this environment.

ICG Enterprise Trust Plc (ICGT) - Putting the discount into perspective