Those of us who kept faith with this stock are beginning to be rewarded. The discount rating is falling to more sensible levels well deserved considering the calibre of those at the helm, and the superb assets in their control.
20 Jan '12
Thanks mate:) I will definitely be buying it when it does...
20 Jan '12
what price do you reckon is good to get in this
30 Jun '11
Well said. Monks are looking good value compared with their peers at present.
30 Jun '11
The Monks Annual Report reminds us of the spread of well researched assets that are held in this fund managed by the Baillie Gifford expertise at a discount of around 12% to asset value. Similar Trusts in the stable are more expensive-Mid-Wynd for example trades at a premium (well deserved) of around 3%. Anomalies like this tend to correct- meanwhile enjoy the ordered sanctity of a secure haven for your funds. to grow.
2 Dec '10
NAV now £1005 million
Outperforms World Index. over the six months to the end of October 2010 Monks' net asset value (NAV) per share and the share price rose by 6%. The FTSE World Index fell by 2% in sterling terms over the same period. Earnings per share rose to 2.45p from 2.25p a year earlier, with an increase in dividend income more than outweighing a decline in income from bonds. The Board has declared an interim dividend of 0.50p (2009: 0.50p), to be paid in January 2011. The trust’s interim dividend has been held at 0.5p. Monks remains modestly geared, both shares and bonds together representing around 112% of shareholders' funds at 30 November 2010. Outlook: The United States, United Kingdom and other 'G7' countries are becoming a smaller part of the global economy as China, India and other emerging countries are growing more rapidly. On some measures China has already overtaken Japan as the second largest economy and Germany as the largest exporter of manufactured goods. It is becoming an increasingly important end market as well as a production base for export to the rest of the world. Other populous but hitherto economically underdeveloped countries such as India and Indonesia appear set to follow China down this road while Brazil, for decades apparently stuck in a state of arrested development, is at last realising its potential.
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