MIDAS SHARE TIPS UPDATE: Pershing Square keeps getting better
強健な 記録，記録的な／記録する: 法案 Ackman
法案 Ackman built his 評判 as a firebrand, agitating for change in some of the most high-profile 法人組織の／企業の 破産した／（警察が）手入れする-ups of the past 20 years.?
Recently, he has been putting his pugilistic 技術s to use in academia, calling out anti-Semitism at US colleges and fighting plagiarism 主張s levelled against his wife, Neri Oxman, a former university professor.
These pitched 戦う／戦いs have earned Ackman new friends and 猛烈な／残忍な enemies.?
Luckily for 株主s in Pershing Square Holdings, however, they do not seem to have 影響する／感情d the American 億万長者's ability to make money.
Midas recommended Pershing Square in January 2023, when the 株 were £28.95. They have risen almost 40 per cent since then to £40.10 ? and moves are 進行中で to 運動 the price still higher.
Pershing Square 投資するs in large, 名簿（に載せる）／表（にあげる）d 商売／仕事s, such as Hilton Hotels, 全世界の／万国共通の Music and Mexican 急速な／放蕩な-food chain Chipotle. The 大臣の地位 is deliberately small, comp rising between eight and 12 holdings at any one time, but individual 火刑／賭けるs are big and 経営者／支配人s spend months 審議する／熟考するing on new 投資s.
Last year, the group made one new 購入（する）, acquiring 在庫／株 in Alphabet when the 株 were depressed, and 利益ing as the price 回復するd. One or two fresh 投資s are likely this year, と一緒に a couple of sales.
Ackman sold out of US DIY chain Lowe's last autumn at an 普通の／平均（する） sales price of $221 (£175) per 株, compared to the $86 price at which 在庫／株 was 購入（する）d in 2018. Not every Pershing 投資 生成するs such fleshy returns. But there are more successes than 失敗s.
Over the past five years, the value of the group's 資産s has risen by an 普通の／平均（する） of more than 30 per cent 毎年, outstripping the FTSE 100 索引 and the S&P 500 in America.
Returns can also be 上げるd by opportunistic hedging 策略, such as 保護するing the 大臣の地位 against 危険 just before Covid-19 took on pandemic status or guarding against インフレーション last year.
Critics have complained that Pershing Square 料金s are too high, 特に a 業績／成果 料金 given to 投資 経営者／支配人s if 株 in the 大臣の地位 do 井戸／弁護士席.
Returns are calculated 逮捕する of 料金s but Ackman is now 答える／応じるing to critics, through a 一連の 率先s that should 減ずる costs 大幅に over time.
にもかかわらず a 強健な 跡をつける 記録，記録的な／記録する, Ackman is also looking for 私的な 商売／仕事s to take public. Pershing Square Holdings will 投資する in these 会社／堅いs, if Ackman 後継するs.
Pershing Square 貿易（する）s at a 27 per cent 割引 to the value of its 資産s. These are collectively valued at £54.91 a 株, compared to the £39.86 株式市場 price. The 割引 has 狭くするd over the past year but Ackman remains 不満な. 料金 削減（する）s may help, buttressed by 執拗な results from the companies in Pershing's 大臣の地位.
Midas 判決: Pershing Square has 証明するd its 長所s over the past year and some 投資家s may choose to 長，率いる for the 出口 now. But Ackman remains ひどく inve sted in this 商売／仕事 and 最近の 率先s should 耐える fruit. That makes the 在庫／株 価値（がある） 持つ／拘留するing at £39.86.
貿易（する）d on: Main market Ticker: PSH 接触する: pershingsquareholdings.com or Camarco on 020 7357 4980
