Latest news with #AssetValueInvestors
Associated Press
3 days ago
- Business
- Associated Press
AVI Calls for Changes at Gerresheimer
LONDON--(BUSINESS WIRE)--Jun 6, 2025-- Asset Value Investors ('AVI') has sent an open letter to the Supervisory Board of Gerresheimer AG ('Gerresheimer') calling for it to make changes to its financial leadership. You can find the published letter here. AVI invested in Gerresheimer in 2024 and manages a 3.5% stake on behalf of institutional clients. Gerresheimer holds a valuable position in the Containment Solutions & Delivery Systems industry, with high barriers to entry and attractive long-term growth prospects. These have been reaffirmed in 2025 with reports of private equity interest in Gerresheimer. This value is not currently reflected in its shares, which trade at a substantial discount to their sum-of-the-parts. The shares now sit some -56% below their 52-week high. Shareholder value is at risk. AVI believes that: Time is of the essence and a new and improved plan for Gerresheimer should be presented at a capital markets day later this year. Joe Bauernfreund, CEO and CIO of AVI, commented: 'Gerresheimer is a leading player in the Containment Solutions and Delivery Systems industry, which offers attractive growth. We believe that Gerresheimer should benefit from this. 'We understand the market's scepticism surrounding Gerresheimer and we believe that these steps are the key to unlocking value and repairing its relationship with the market.' Wilfrid Craigie, Senior Investment Analyst at AVI, added: 'Despite the strategic transformation to move Gerresheimer higher up the value chain, we believe that the market is assigning Gerresheimer a large discount, leading to its current valuation. 'We believe that Gerresheimer's current valuation is being dragged down by Moulded Glass, and the best way to improve its financial profile and valuation is to perform a swift strategic review to exit it.' About Asset Value Investors: AVI is an investment management company established in London, United Kingdom, in 1985. AVI has invested in Global and Japanese equities for nearly 40 years. AVI manages AVI Global Trust plc ('AGT'), AVI Japan Opportunity Trust plc ('AJOT'), and MIGO Opportunities Trust ('MIGO'). AGT, AJOT, MIGO are public companies whose shares are listed and traded on the main market of the London Stock Exchange. View source version on Quill PR [email protected] KEYWORD: EUROPE GERMANY UNITED KINGDOM INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Asset Value Investors Copyright Business Wire 2025. PUB: 06/06/2025 04:39 AM/DISC: 06/06/2025 04:39 AM
Yahoo
3 days ago
- Business
- Yahoo
AVI Calls for Changes at Gerresheimer
LONDON, June 06, 2025--(BUSINESS WIRE)--Asset Value Investors ("AVI") has sent an open letter to the Supervisory Board of Gerresheimer AG ("Gerresheimer") calling for it to make changes to its financial leadership. You can find the published letter here. AVI invested in Gerresheimer in 2024 and manages a 3.5% stake on behalf of institutional clients. Gerresheimer holds a valuable position in the Containment Solutions & Delivery Systems industry, with high barriers to entry and attractive long-term growth prospects. These have been reaffirmed in 2025 with reports of private equity interest in Gerresheimer. This value is not currently reflected in its shares, which trade at a substantial discount to their sum-of-the-parts. The shares now sit some -56% below their 52-week high. Shareholder value is at risk. AVI believes that: New financial leadership is required to repair the relationship with the market and restore credibility. Gerresheimer should establish a capital allocation committee to oversee and review the Company's capital allocation and capital structure. Gerresheimer should look to exit Moulded Glass. Time is of the essence and a new and improved plan for Gerresheimer should be presented at a capital markets day later this year. Joe Bauernfreund, CEO and CIO of AVI, commented: "Gerresheimer is a leading player in the Containment Solutions and Delivery Systems industry, which offers attractive growth. We believe that Gerresheimer should benefit from this. "We understand the market's scepticism surrounding Gerresheimer and we believe that these steps are the key to unlocking value and repairing its relationship with the market." Wilfrid Craigie, Senior Investment Analyst at AVI, added: "Despite the strategic transformation to move Gerresheimer higher up the value chain, we believe that the market is assigning Gerresheimer a large discount, leading to its current valuation. "We believe that Gerresheimer's current valuation is being dragged down by Moulded Glass, and the best way to improve its financial profile and valuation is to perform a swift strategic review to exit it." About Asset Value Investors: AVI is an investment management company established in London, United Kingdom, in 1985. AVI has invested in Global and Japanese equities for nearly 40 years. AVI manages AVI Global Trust plc ("AGT"), AVI Japan Opportunity Trust plc ("AJOT"), and MIGO Opportunities Trust ("MIGO"). AGT, AJOT, MIGO are public companies whose shares are listed and traded on the main market of the London Stock Exchange. View source version on Contacts Quill PR - AVI@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
UK fund Asset Value Investor calls for changes at Gerresheimer
June 5 (Reuters) - London-based investment fund Asset Value Investors has asked German medical packaging maker Gerresheimer ( opens new tab to take steps to restore its market value, it said on Thursday. AVI, which holds a 3.5% stake in Gerresheimer, said it believes a new financial leadership is needed to restore the company's relationship and credibility with investors. It also said Gerresheimer should establish a capital allocation committee and exit its flailing moulded glass business as soon as possible. Gerresheimer was not immediately available for comment when contacted by Reuters.
CNA
07-05-2025
- Business
- CNA
UK fund Asset Value Investors launches campaign against Japan's Wacom
TOKYO :London-based investment fund Asset Value Investors has asked Japanese graphic tablet maker Wacom to improve its corporate governance and proposed an external director with capital markets experience, it said on Wednesday. Japanese companies have faced campaigns from investors anticipating higher shareholder returns once long-awaited corporate governance changes are implemented. Wacom's branded products business holds 39 per cent of the global market share in display and pen tablets but has been losing ground to competitors, and the segment has made a loss over multiple years, the investment fund said in a presentation. Its board also lacks a representative with capital markets experience that could better protect shareholder interests, Kaz Sakai, the investment fund's head of Japan research said in an interview. Wacom did not respond to a request for comment outside of business hours. Asset Value Investors first invested in Wacom in 2021, and holds 10 per cent of total voting rights, it said, making it the company's largest shareholder. It considers itself an "engagement investor", pressing for dialogue with management and board members, rather than taking on a more activist role. "We believe these measures will contribute to sustainably protecting the common interests of shareholders," Sakai said. Last month, it launched a campaign against Japanese pharmaceuticals company Rohto to encourage it to focus on its core businesses and engage with shareholders more frequently.
Reuters
07-05-2025
- Business
- Reuters
UK fund Asset Value Investors launches campaign against Japan's Wacom
TOKYO, May 7 (Reuters) - London-based investment fund Asset Value Investors has asked Japanese graphic tablet maker Wacom (6727.T), opens new tab to improve its corporate governance and proposed an external director with capital markets experience, it said on Wednesday. Japanese companies have faced campaigns from investors anticipating higher shareholder returns once long-awaited corporate governance changes are implemented. here. Wacom's branded products business has recorded losses over multiple years and its board lacks a representative with capital markets experience that could better protect shareholder interests, Kaz Sakai, the investment fund's head of Japan research said in an interview. Asset Value Investors first invested in Wacom in 2021, and holds 10% of total voting rights, it said, making it the company's largest shareholder. It considers itself an "engagement investor", pressing for dialogue with management and board members, rather than taking on a more activist role. "We believe these measures will contribute to sustainably protecting the common interests of shareholders," Sakai said. Last month, it launched a campaign against Japanese pharmaceuticals company Rohto (4527.T), opens new tab to encourage it to focus on its core businesses and engage with shareholders more frequently.
