London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This trust looks very well placed for upward trend. 122p looks like a bounce area. 135/136p could be potential ceiling if uptrend continues
I will give out a free xmas gift tonight... The pivotal points for support is 128p and resistance around 129.25p. This remains a HOLD in my opinion until it breaks 129.75p. Maybe once oil stabilises somewhere then I wouldn't touch this and again if we see Sterling stop appreciating then the dividend is going to be under pressure as at present its 4.45%. Merry xmas... I will add here, MYI, CTY and possibly more RDSB if theyr able to hold dividend next year...
How is this bb empty and has been for 2.5years? This is a good small IT with diversified portfolio and trades at a discount of around 6.25% as of today, and has a divi raised for this fy of 5.8p which is covered well by profits.
Trends of FTSE100/250 Just reading an article about gains in UK FTSE100 1985-2015, gains 1290%. FTSE250 1985-2015, gains 3080% FTSE100 1998-2015 gains 90% Data compiled from bloomberg as of 31/10/15. FTSE100March2008-2015 gains 145%.
Views... I hold Funds and trusts, over the longer term I read somewhere that IT outperform funds. Is this largely true, or a load of baloney!! Lol Iv got many funds on my watch list I like look of from Top150 report from HL: M&G Global Dividends Newton Real Return First State Global Listed Infrastructure Inc HSBC American Index Artemis Strategic Bond Artemis High Income Or should load up on trusts (STS, MYI, CLIG or CTY) on the next big dip that is not far away with rising US rates. I can afford to take risk, have £10-15k to use and taking a longterm view (10yrs).
Although article relates to another, STS is also mentioned. http://m.citywire.co.uk/money/investment-trust-watch-murray-international-going-cheap/a827142
Checked gearing and says 9%. Murray International is 18%, does anyone have views on which one to invest in or add to? I have held STS since 2005, then sold 2011. I have held MYI since 2009 along with many others, recently bought ALAI.
NAV as of 25/11/15 (138p), around 6.5% discount to NAV. Holdings 31/10/2015 % of Assets British American Tobacco4.7 Chevron Corp3.9 Philip Morris International, Inc.3.8 Pfizer Inc3.6 Novartis AG3.5 WEC Energy Group3.5 Roche Holding AG3.3 United Parcel Service Inc (UPS)3.1 Paychex, Inc.2.9 Anheuser-Busch InBev SA2.8 http://tools.morningstar.co.uk/uk/cefreport/default.aspx?tab=0&vw=sum&SecurityToken=E0GBR00QFU%5d2%5d0%5dFCGBR%24%24ALL&Id=E0GBR00QFU&ClientFund=0&CurrencyId=GBP
Holdings as of 31/10/15 Holdings 31/10/2015% of Assets British American Tobacco4.7 Chevron Corp3.9 Philip Morris International, Inc.3.8 Pfizer Inc3.6 Novartis AG3.5 WEC Energy Group3.5 Roche Holding AG3.3 United Parcel Service Inc (UPS)3.1 Paychex, Inc.2.9 Anheuser-Busch InBev SA2.8 NAV is trading at a disc of 6.5% as of 27/11/15. I'll be lobbing £10k here and maybe another £5k at MYI. http://tools.morningstar.co.uk/uk/cefreport/default.aspx?tab=0&vw=sum&SecurityToken=E0GBR00QFU%5d2%5d0%5dFCGBR%24%24ALL&Id=E0GBR00QFU&ClientFund=0&CurrencyId=GBP
Securities Trust of Scotland (STS) is a global growth and income trust that pays quarterly dividends and currently offers a 3.6% yield. Since a change in investment mandate in July 2011, STS invests in high-yield global (previously UK only) equities. During the last 12 months STS has outperformed its benchmark index, the MSCI World High Dividend Yield Index, by 3.5% and 0.2% in terms of price and NAV total return respectively. The fee structure was also simplified with a view to keeping the TER below 1.0%. The manager, Alan Porter, believes that whilst existing uncertainties persist global equity markets are likely to be range bound and the focus remains on stocks with medium growth prospects (the manager defines this as 3-7% three-year forecast dividend growth), strong balance sheets, decent cash flows and dividend growth
ALAN PORTER SAYS, "QE IS GOOD NEWS FOR EQUITY INVESTORS" Quantitative easing, or money printing, by central banks provides a good backdrop for shares, says Alan Porter, manager of the Securities Trust of Scotland. The stock market's initial enthusiasm for the US Federal Reserve's decision to launch 'QE3', or another big round of injecting new money into the US economy, shows just how much markets are being driven by macro concerns, although the rally did peter out this week. Alan Porter, manager of the Securities Trust of Scotland, a global investment trust, says quantitative easing (QE) by central banks like the Fed, but also the Bank of England, the European Central Bank and the Bank of Japan, can create a great situation for investors in shares. QE involves central banks creating new money and using it to buy government bonds and other assets with the aim of reducing long-term interest rates. Porter explains that this creates a scarcity of income as yields on the bonds and the assets that are purchased are pushed down as their prices rise. This is good news for shares, or equities, because their higher dividend yields then look attractive to investors who buy them. WATCH VIDEO INTERVIEW HERE: http://citywire.co.uk/money/qe-is-good-news-for-equity-investors/a619899 P.S. Here's some links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=256596&mode=2 http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=255276&mode=2 http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=257550&mode=2
SECURITIES TRUST OF SCOTLAND: PORTER FINDS REASONS TO BE CHEERFUL Securities Trust of Scotland manager Alan Porter says a stable US housing market, recovery in bank lending and healthy company balance sheets are reasons to have a positive outlook. One year on, having taken over the Securities Trust of Scotland, investment trust manager Alan Porter has raised the trust’s gearing level and its exposure to cyclicals as a sign of being more bullish on company prospects. GLOBAL MANDATE Porter took over STS on 1 August last year with the mandate of transforming the portfolio from a UK income fund to a global mandate. This followed a shareholder vote to change its investment objective from solely seeking income in the UK. In December, when Fund Strategy last profiled the trust, the manager described himself as “getting close to being greedy but not quite there yet”. At the time, his gearing level was 5 per cent and the fund was underweight in cyclicals as he felt they looked too expensive. By February, Porter had upped his weighting in cyclicals to neutral while he has since raised the trust’s gearing to 8 per cent as he believes the current macro economic environment is supportive for equities, in particular, income stocks. “By the turn of the year, for the first time, we saw improving data coming out of the US and since then GDP has been growing at around the 2 per cent mark,” he says. “While there has since been negative data, there are reasons to stay positive, namely stronger labour markets, stability in the housing market, good retail numbers and a recovery in bank lending.” INCREASING RETURN Meanwhile, from a micro perspective, Porter notes companies are sitting on healthy balance sheets and profit margins are at all-time highs, which he says is good for income in the short to medium term. “Companies are not investing this in terms of capital expenditure, instead opting to return it to shareholders, which is good news for income and growth funds as payout ratios rise,” he says. Indeed, as a result, Porter is expecting 7-8 per cent dividend per share growth for STS over the next 12 months. STRONG PERFORMANCE One year into the trust’s new mandate and performance has been strong. According to the latest AIC data over one year to 31 July 2012, the trust has returned 17.8 per cent on a share price total return basis, outperforming its benchmark by 9 per cent. In the trust’s last financial year, it also increased its dividend by 1.1 per cent to 4.70p per share and its current net yield is 3.7 per cent. Read the full article here: http://www.fundweb.co.uk/fund-strategy/issues/3rd-september-2012/porter-finds-reasons-to-be-cheerful/1057052.article