Quote Originally Posted by Snoopy View Post
Answer: On 28th October the late Ian's shares were transferred to the J I Urquhart Trust. So that takes away any overhang of SCT shares in the market. Or does it? Perhaps the trustees of the J I Urquhart Trust will be compelled by law to sell down some SCT shares as part of their duties of being 'prudent' (not having too many of their eggs in one basket). Anyone know the legal requirements of this situation?

SNOOPY
Do not Know.Athough the shares have gone into a trust we do not know if Ian left "special" instructions in his will.If not a trustee would have to be very careful.As well as his "overweight" SCT holding there were some rather large holdings in illiquid shares. I think a trustee would be more worried about them thanSCT which is proving to be a very good investment. I feel sure a trustee would want to have more"balanced" potfolio.I know Ian cashed up a lot of shares a few years ago and put a lot of money with SBS,.so there may not be any hurry to sell or reposition the portfolio.