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To preserve the real wealth of shareholders and to achieve absolute total return over the medium to longer term through investment in quoted closed-ended funds and other collective investment vehicles, bonds, commodities and cash.
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12 April 2024, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:
Capital only: 4,735p
Including income: 4,817p
The Company announces that, as at the close of business on 05 March 2024, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:
Capital only: 4,702p
Including income: 4,776p
The Company announces that, as at the close of business on 13 February 2024, the
unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:
Capital only: 4,649p
Including income: 4,711p
29th Dec 23 NAV
Capital only: 4,778p
Including income: 4,841p
Interesting to read this from 3 years ago when the share price was 4650 so roughly unchanged but some dividend income.
"it has delivered positive total returns in 37 out of 38 years"
The Company announces that, as at the close of business on 07 December 2023, the unaudited net asset values per ordinary share, valued on a 'bid price' basis, were:
Capital only: 4,677p
Including income: 4,739p
The only thing holding me back on this investment trust is the low dividend yield but this improved discount makes it possible.
Happy now?
So much for wealth preservation. I invested about £10k about a year ago. I now have £9.5k. It gives a new interpretation of the word 'preservation' lol. I realise they caveat their objectives by mentioning 'long term' investment, but I must admit to being disappointed to date. I think it's clear that if interest rates come down, then bonds will add value. Nvertheless, over this year, I think it would have been more prudent if I had fixed my savings in a building society account!
This is not my worst performing investment over the past year but I must admit it is probably the most frustrating. Must be the "wealth preservation" tag!
Moreover, I'm struggling to see just what market conditions are needed for the SP to go up.
Cut and run, or more patience required?
New to this forum, been taking a little look at this trust today, but they have an awful lot in Bonds, and I guess that is why the price is continuing to tank. Well over 60% bonds, albeit government bonds not potentially risky corporates. Their strategy will probably have seen them right in previous years, and since the 1960s they will have been through many stock market shocks, so the experience is there.
My feeling is too-heavy on bonds, and central governments have not yet started on the rate reductions which would have started to lift bonds. Hence it's been given a place on my future watch list, but well down the page I'm afraid for the time being. If they could guarantee keeping the bonds and waiting a year, might that have tempted me at today's price? not sure, think it has a little further to fall, and a year before central bank rate reductions start to make a difference
No relief from losing streak so will have to part with these.
For today plus four more and if total movement is not positive That's me out.
That still consistently falling. Now 10% losses for me. Verging on pulling out.
....today in a better market. Beginning to think this is not the safe and boring stock I had counted on! Has a habit of rising to ceap buyers in late trading though.
....that the management here thought property investment would buck the trend! Makes you wonder how far they had walked round the houses and shops or if they ever leave their ivory towers!
Well, at least they might have now learnt that they too are human and make the occasional blooper! Seem to be starting to catch up a bit so I hope this the last mistake they ever make here..
Seeing as the RNS feed still seems ropey here...
Dividend Declaration
The Board of Capital Gearing Trust P.l.c. today announced a proposed final ordinary dividend of 60p per share in respect of the year ended 31 March 2023.
Subject to shareholder approval at the Annual General Meeting to be held on 5 July 2023, the dividend will be paid on 10 July 2023 to shareholders on the register at the close of business on 2 June 2023. The ex-dividend date is 1 June 2023.
I do not know the formula for these to start rising but I suspect that LOWER interest rates might help. Don't worry, though, we could all do a lot worse than holding these for the long term.
Put 10% of my pension pot in this yesterday for a bit of diversification. Hoping the recent disappointing performance is just a blip.
Disappointingly CGT, PNL and many others seem, at least over the last year, to track the US Vix and Fear Gauge. DYOR but I'll be back for CGT and others when Extreme Sell and Vix 32 plus. When US sneezes.....
https://edition.cnn.com/markets/fear-and-greed
Just as you say.AveryB, but there comes a point.....
This does look to be a decent level of support, looking back to it being a level of resistance back in Jan '21. Let's bloody hope so. It's not a huge loss from the highs, but it's the principle of the thing that annoys me. Thought I was being clever putting my ISA money into 'wealth preservation funds' last April between this and Ruffer. My worry here is this didn't see any benefit from the uplift markets had in January, so concerned they may not be positioned to benefit when things do turn around. Gotta have some faith in the long term track record I guess.
Possibly but I am no9t staking my life on it!
..a dropping SP! Timed this well,didn't I? Oh well, hopefully this wll turn soon. Bought for safety!
Didn't read before posting , sorry. I meant';the company itself and ....' as probable buyers.
With this shilly market the only buyers will be the Directors and possibly a few shrewd Directors. We are at a growing discount to asset value I'm afraid. At least with a large SP I can console myself that this stock is largely out of stock market investing!