Tom McGrath and Ian Willings of Apollo Multi Asset Management outline five unknown and unloved alternative ideas to make money against a tough market backdrop.
1. Infrastructure India plc, an investment trust listed on AIM which recently saw a management reshuffle. The trust, which is trading on about a 25% discount to NAV, is managed by the very successful and wealthy Guggenheim family. They have recently acquired a truck business in India which is incredibly undervalued. There is a dam about to go live, and a toll road about to pay off its debts. As its investments mature from development to operational, the company should be in position to introduce a dividend policy that should underpin the share price. This is an exciting, cheap play on wh...
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