Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Bill Gates pours millions more into BBA Aviation

Bill Gates pours millions more into BBA Aviation

Bill Gates has ramped up his holding in flight services company BBA Aviation as the business continues an aggressive schedule of share buybacks.

Gates (pictured) upped his holdings in the company from 40.23 million shares to 46.11 million or 9.8% worth £147.58 million at a share price of 318p, up 44% over the last three years.

The holding is split between Gates’ charitable Bill & Melinda Gates Foundation and Cascade Investments, the business he established to manage his fortune, estimated at around $61 billion.

Day to day management of the company is handled by renowned value investor Michael Larson. BBA has been widely tipped by managers such as Citywire AAA-rated Nigel Thomas of AXA Framlington.

Societe Generale initiated coverage of BBA at the end of June with a 360p price target and a buy rating. Jeffries has a target of 375p, also rated buy. The company has since April purchased around £25 million of its own stock as part of a planned £80 million buyback programme. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter