Alliance Trust Share Price (ATST)

....a bit much for these but will hold long term anyway after reading up on their performance.

Missed the announcement. When I read your post I felt sick to the pit of my stomach. Not often you get a pleasant surprise in the investment world.

Divi reset. Ain't complaining.

These are 7 of the best stock picking teams anywhere in the world, but chosen specifically to have complementary styles. Combines the best of high conviction skill with good diversification. If there's a better structured global equity portfolio in the world today, I'm not aware of it. That's my opinion anyway.

Welcome 3% increase in total dividend but had to dip into reserves to achieve it. That was to be expected as income received was reduced due to the pandemic. I`m reasonably happy with the NAV and share price performance, I prefer an OK`ish ride rather than a roller coaster. SMT down 6.37 % today !
What does concern me is ATST continue adopt whatever is flavour of the month investment fad. Today it is ESG, Environmental, Social and Governance. Previously it was Private Equity, Sustainability, Conviction and Social Responsibility investing. Check out the credentials of Sarah Bates our new non executive director , they don`t come any more woke. Is her priority investment returns or political campaigning, the seeking of approval from her peers.
Is everybody convinced with the subcontracting of investing to seven teams of Stock Pickers ? I suppose we are now stuck with them as the Dundee investment analysts will have been made redundant. Last time I looked several of the Stock Pickers had picked the same stocks and there were a number of investments that were laughably small like £0.2m in Rosneft Oil.
I`ll have to spread the risk around a few more investment trusts.
Cheers !