Stock price when the opinion was issued
A bit obscure. Investment holding company with just under 40 different investments, but the discount retailer Action makes up about 70-80% of its share value. And that one stock is the reason to own, with operations across Europe. Action has a model that's repeatable, 3000 stores, low cost to set up, inventory turnover is quick, benefits of scale. Yield is 1.8%.
It's a UK private equity investment firm that buys and flips companies, including a European discount retailer, a huge retail success. He expects this growth to continue as that retailer adds more stores globally. As long as that retailer does well, so will 3i shares.