POHL'S VENTURE LISTS AT PREMIUM

POHL'S VENTURE LISTS AT PREMIUM
MANNY Pohl’s Barrack Street Investments Limited (ASX: BST) listed on the Australian Securities Exchange at a 5 per cent premium after raising $16 million through an initial public offer.

Barrack St is a listed investment company managed by Gold Coast-based equities manager ECP Asset Management (ECPAM).

The lightly traded shares, issued at $1 each, opened at $1.05 where they remained for the rest of their debut session.

The company was created to invest in small-cap stocks outside the ASX 50, where Pohl says growth opportunity lies.

“Today is landmark day for our company and we hope that this successful listing will benefit investors,” Pohl says.

Barrack Street targets small super funds with fewer than five members and aims to achieve medium to long-term capital growth and income through fully franked dividends.

Its objective is to achieve annual returns above 8 per cent.

Pohl, who co-founded Hyperion Asset Management, has delivered strong returns from the small and mid-cap sector over the past 30 years.

Since leaving Hyperion and starting his own boutique firm, Pohl has delivered a return of 21 per cent through ECPAM from its inception in July 2013 to June this year.

This compares with the ASX Small Ordinaries Accumulation Index which has returned just 3 per cent.


Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

SNL’s Pete Davidson to star in QLD feature film ‘Wizards!’

SNL’s Pete Davidson to star in QLD feature film ‘Wizards!’

The Australian screen sector has bagged two major wins today, with ...

Scrap metal recycler Sims picks up Brisbane port site for $88 million

Scrap metal recycler Sims picks up Brisbane port site for $88 million

In order to acquire one of the few remaining Brisbane sites with de...

“No one plans for these things”: Metricon acting CEO denies crisis rumours following founder’s death

“No one plans for these things”: Metricon acting CEO denies crisis rumours following founder’s death

Just days after the sudden and unexpected death of Metricon founder...

How tech rebooted economics and platforms broke the invisible hand

How tech rebooted economics and platforms broke the invisible hand

Growing evidence and new research explain the evolution of economic...