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Barchid. I agree Mrch have done pretty well over years . Not sure how it measures against inflation with so little capital growth. It’s the companies they invest in I dislike. 700 point drop in Nikkei. Hangseng also down 2.5 percent. Shanghai and FTSE are the stars going nowhere. Lot of fixed interest rates over 5 per cent now . Apparently pension fund stock investment are lowest levels in years. Should mean a strong bounce. Maybe not this year. What I find strange about the Bg (which included mnks and smt) strategy about investing in unlisted stock is how poorly they have performed compare to iii.
Oogle
I totally agree with you re BG trusts, they rode the wave but surf for them is no longer up, so they're beached, but I do think you are rather harsh om MRCH which, after all, has a totally different remit to BG whilst on the crest of the wave.
Merchants has always done what it says on the can, it invests mainly in the UK to give an above average yield (which it has for many years) and to protect capital, which over the last 10 years it has certainly done.
Horses for courses, I am in MRCH and happy to be so, their yield compounded has certainly beaten cash over this QE period which was so favourable for the BG surfers, but as Buffet said, when the tide goes out you see who is not wearing bathing costumes...
Sure. Just look at mnks just about back pre-pandemic levels. Then the Japan trusts , Bsg and Bgfd have performed abysmally especially compared to the nikkei index which has actually recovered substantially . They have lost between 30 and 50% in 2 years while the nikkei has risen over 20% over the same period. Yes they are not aligned to the nikkei they tell me . Stating the bleeding obvious.They say they have reorganised some of the holdings in those trusts and actually only succeeded in making them worse. I have watched the presentations which are very unprofessional virtually at joke level technically. I have done pretty well with SMT over many years. This cant be the same management team. Would not touch with a barge pole. It really has been an eyeopener. I used to have other trusts Atst, Majedie (possibly even worse than Ballie Gifford, which is quite an achievement in itself) Mrch and Mrc. I am completely finished with trusts and all those other ‘professionally’ managed funds. Trust is the last thing I would do. Part of their problem is that they have too much money to look after. Mrch is probably the best managed . Hasnt really gone anywhere in 25 years but has maintained a pretty good divided throughout, heavily subsidised by some pretty horrible companies. Far too much advertising trying to seduce investors into funds.It is no easy matter investing for yourself, but it would take some talent to perform worse than some of these ‘experts.’
My mistake not cashing in my shares in IIT when it released the news of the rollover into Monks. I opted for the rollover into Monks, only to see the initial surge in IIT sp dissipate between the start of Oct and new shares on 9th Nov.
Needless to say Monks has tanked from over 1100p on said date to 950p now.
Added a further 1000 shares at this price but nursing an £8k loss now on Monks - never mind the dismal showing of IIT over the preceding 12 months.
Bruising experience but will see what January brings .
I'm in thanks to skid35 on Schiehallion (MNTN) board where Monks has a stake in MNTN.
Happy to buy into this at 987p after checking it only has 1.1% in Tesla which i think may be mortally wounded.
Share price now lower than pre-pandemic so I bought some more at 981p.
Me too. Bought some at 1035p. If it goes below 1000p I will buy some more. China Covid lockdown, Ukraine war, inflation, interest rate going up together created a buying opportunity.
bought a few.
I have started selling down my position in MNKS it's gone nowhere for a year and last years performance was on the back of Tesla.
fascinating to look back at this thread.. now at -4.2% discount and the same price as the start of the year. maybe now is the time to buy into a quality global IT?
£13.65 as at 4 Jan 2021, quite an increase since the last post on 6 April last!
That would have been a good time to buy, had anyone had the courage.
I bought at £5.44 back in 2015 and have steadily added to my holding up to October 2018.
Perhaps they have a premium for a reason ( 12.90 today, so I hope you are a happy flugal )
Forget that, wrong bb.
Hi again Brothers. Am I right in thinking you have 30,000 Microtox out there? I have searched to no avail and don't want to pester Gerard if someone on here knows the answer.
fair net value 7.46, sp 8.00, erm bit of a premium lads
Blimey last post 2013. Its been to the moon and on the way back now!
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.
Thanks mate:) I will definitely be buying it when it does...
what price do you reckon is good to get in this
Well said. Monks are looking good value compared with their peers at present.
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.
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.
I can't remember reading such nonesense as that posted by bark. The total expense ratio of Monks Trust is just 0.62%. Compare this with the 2-3% commonly found in Unit Trusts. If you bother to check you will find the managers and Board are of the highest calibre and integrity. Despite a difficult year they are upping the dividend by some 62.5% and over the last 5 years the share price is up by 36.7%. Ask investors with Madoff or Stanford if they wouldn't have sooner been in the secure Monks cloisters.
The Scottish investment company Monks Investment Trust reported its value on April 30 2009 as £681 million, a fall of 350 million in a year!