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Benjamin Hornigold Ltd ASX:BHD

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

26 Nov 2025 to today

Commentary 2 comments

DateManagerActionSummary

31 Jul 2026Glennon Small CompaniesHeldGlennon Small Companies continues to hold Benjamin Hornigold Ltd (ASX: BHD) after shares rallied 30.56% following a further deed of settlement announced on 20 July 2026 regarding claims against a former director. The $1.8 million settlement, including GST, is funded by the former director's insurer. Glennon notes the board will consider capital management options once proceeds are received and legal costs are accounted for, improving visibility over potential cash returns to shareholders.

Capital ManagementMonthly Report, price recorded $0.24

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26 Nov 2025Glennon Small CompaniesHeldGlennon Small Companies continues to hold Benjamin Hornigold Ltd while awaiting the outcome of a legal dispute involving former directors and their insurers. Glennon Small Companies notes the company attended mediation and a court case has been indicatively set for June 2026, with a potential earlier resolution. The fund will evaluate the position and potential uses for BHD following the legal outcome.

Presentation, price recorded $0.19

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on BHD.

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About Benjamin Hornigold Ltd

Industrials, Capital Markets

Benjamin Hornigold (ASX:BHD), a small listed investment company, is pursuing legal recovery that Glennon Small Companies expects to favour shareholders. In November 2025, Glennon noted the company should achieve a favourable outcome before June 2026, after attending mediation with former directors and their insurers, with a court case also underway. Benjamin Hornigold operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Glennon Small Companies. Benjamin Hornigold is an ASX-listed investment company focused on long-term capital growth, allocating capital to high-conviction investment opportunities, and is managed by Glennon Capital following a change of manager, with value dependent partly on the outcome of claims against former directors relating to past management of the company, which could result in a recovery for shareholders if successful.

Market cap: $7m
Price to earnings: Loss-making
Return on equity: -0.3%
Dividend yield: 0.0%
Price to book: 1.01x
Net margin: -1.8%
52-week range: $0.17 to $0.28

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Benjamin Hornigold Ltd (ASX:BHD)?

Fund managers including Glennon Small Companies have invested in Benjamin Hornigold Ltd (ASX:BHD).

What opportunities or catalysts do fund managers highlight for Benjamin Hornigold Ltd?

Glennon expects a favourable outcome from mediation and legal action against former directors and their insurers, which could deliver a recovery for shareholders.

What are the key risks to the Benjamin Hornigold Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though the timing and size of any legal recovery remain uncertain.

What does Benjamin Hornigold Ltd (ASX:BHD) do?

Benjamin Hornigold is a financial institution focused on long-term capital growth. The firm actively allocates capital into high-conviction investment opportunities while providing investors access to diverse domestic and international listed markets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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