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....more today out of my 2024 ISA. Not great divis but great management so safe.
....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 !
I thought today's figures were OK'sh. I wouldn't be rushing to buy them or sell them. Shame they didn't manage to keep up with their bench mark, but not unexpected. I'm happy to sit back for a few year, I guess that's in the nature of holders of this class and sector of collective and see what happens. Neutral at best, but we are a long way from being out of the present troubles, so if you're keen to buy, top up or add I suspect we'll get a better chance other the next 12 months.
At least it has a great div gsk if it holds. I sold them for over £20 back in 2000. Nearly everytime since then I've cut my losses so probably a bit better than even now. In fact I bought a few last year and made about £100. Interesting whats happened with big Pharma. I don't think the market appreciates AZN's non profit vaccine now back to where I sold them having risen to £90 on finding a vaccine now they've found it its not worth anything! Good on them though. I don't know if GSK have done the same offering free services to vaccines. I was looking at them again this morning, but I remember them going all the way down under £10 in 2006. Investing for dividends has not been straightforward this last 12 moths. One thing that drove mcro after interims was reinstatement of the dividend. Its total joke people who took that view have lost £1.10 off the share price to get an 11p dividend! I saved 50p of profit per share and decided they can keep the dividend. I think its going to be a lot tougher this year for investments now we're allegedly 'approaching getting back to normal'. So much recovery is already priced in
Hi oogle,
Tell me about it ! I have a big position in GSK. It has lost 30% of its value from its 52 week high to todays low in the midst of a global pandemic. The CEO announced a company reorganisation and a future "rebasing of the dividend", but couldn`t quantify it. For a saving of a couple of hundred million in dividends she has destroyed tens of billions in market capitalisation.
Attending an ATST AGM a couple of years ago I overheard a conversation and they were discussing the fact that ATST no longer held GSK, having previously held it for fifty odd years. The point I`m trying to make is that there are no safe investments out there and private investors need the services of investment professionals who are objective, dispassionate and flexible in the stewardship of your funds. If an investor really fancies GSK, hold it as part of an investment trust where it is no more than a couple of percent of total funds. Do this and you can sleep tight.
millers ton. Very wise words. I just escaped from way too big a position in MCRO with rather less profit than I should have had, listened too much to all the hype and brokers saying it should be at least 3 times current share price and has promptly dropped 25% on debt worries I would imagine. I don't want to leave so much in cash and all investment looks a bit top to me I remember my mum and aunt holding this along with Merchants Trust, Scottish Mortgage, and Majedie. They never seemed to move much but always paid a reasonable dividend. God only knows what happened to Majedie but that lost about 50% of its value over 20 years. Merchants has stayed the same, but 20 years of 5% dividend is better than sitting in a bank. Scottish Mortage really transformed itself after 2000. I should really have put everything into it and forgotten about trading altogether. ATST seems to have finally shed its old fashioned Dundee dull approach and followed to some extent SMT and MNKS into America where returns have been 4 fold what the uk has to offer. The big question is can they keep doing it? The answer is probably yes, or at least I can't see anything in the FTSE 100 of the calibre of anything on the Dow, that is likely to alter this astonishing growth and outperformance. I bought back his morning @ £8.98, so assume that nearly all trades are people buying back in too, regardless of all the reds showing this morning.
The buy backs are one side of a discount control operation, when it suits them they sell shares back into the market for cash. They can choose to invest in the portfolio or buy back more shares. It isn`t perfect but it does reduce volatility.
Holding a concentrated or "conviction" portfolio is fine when you get it right but when you get it wrong expect a roller coaster ride. I prefer to sleep at night. My experience is investments can fall 20,30 and 40 % quite quickly and then take years to recover. I`m running out of years.
Cant quite fathom the drop when the nav is about 20p higher than when they hit 9.20. Never thought I could make money trading an investment trust. Seem to have an almighty buy back program not sure that really works either, Surely they would be better increasing investments, They don't hold the bigger positions of SMT and Mnks which probably explains why they are doing better
Yes, easily the best performer in my portfolio, without the nightmare inducing volatility. I`m now through with investing in stand alone stocks and chasing yield, far too risky. I `m now selling off stocks when they reach price targets and buying generalist investment trusts.
My second best performer in the past year has been Baillie Gifford`s Strategic Bond Fund . Pays out monthly without the roller coaster volatility.
Best performing trust with Dow interests today. Unlike the Ballin Gifford stable, trades at a significant discount to nav. Should rise back towards the all time high after todays performance, Surprised at so many sells.
Welcome Jo Dixon to the board.
are now around 4% of issued stock and the pace is increasing (now up to 100K - 200K per day). Surprised none of the commentators are picking this up.......Alliance must have surplus cash (above dividend) and see the shares as being offered at a discount to value.
if you look back to where the transactions in own shares start (16/12/2016) and then subtract the number of shares in circulation then from today's total I calculate just under 15% of the number of shares have been bought back by the company......and this trend is ongoing.
Share price has moved up by around 32% in the same time period......
Alliance Trust are mentioned in our recent blog post on: The Dangers of Share Tipping, Alliance Trust and AIM Regulation https://www.sharesoc.org/blog/company-news/the-dangers-of-share-tipping-alliance-trust-and-aim-regulation/
thank u elliot at last someone gets the board to control the direction of travel i lost track of the changes of personnel now sell the savings unit and get back to the basics of an investment trust we may recoup a little of the millions poured into savings unit over the years
Yes, RNS issued at 7am yesterday. Reported results underperforming peers.
Anyone know what has happened to the interim results that the calendar suggests were due out today?
Alliance Trust Boss Katherine Garrett-Cox claims her £1.3 million pay package would not have been criticised so much if she was a man: The Boss of Alliance Trust has come under fire after claiming her £1.3 million pay package would not have attracted so much criticism if she was a man
Alliance Chief has problem worthy of agony aunts Cathy and Claire: Katherine Garrett-Cox, Chief Executive of the £2.9 billion Alliance Trust, is of an age to have poured out her problems to Cathy and Claire when younger. The agony aunts specialised in healing teenage heartbreak in the pages of Jackie, a magazine published by DC Thomson. The Dundee publisher backed Ms Garrett-Cox in her battle with activist Elliott Advisors. But her other mates, the City institutions, turned against her in the knee-grazing playground of corporate life. Mr Levine has achieved the biggest victory by a U.S. activist in the U.K. since Edward Bramson unseated key members of the board of Foreign & Colonial in 2011. He has wisely given Chairman Karin Forseke the chance to retreat with some shreds of pride. Elliott has agreed not to agitate against the board for a year. This means it cannot pursue a destructive pet project for Alliance to sell 40% of its investments.
One of Alliance Trust's biggest shareholders has applied pressure on the board to cut costs and improve the share price only one day before a crunch annual meeting that could dictate the future of the 127-year-old investment trust. Axa Investment Managers, a top ten investor in Alliance Trust, has demanded that the board reform its practices irrespective of the outcome of a key vote at the meeting, which pitches the trust against Elliott Advisers, its largest shareholder. - The Times
City deals blow to Alliance Trust on eve of knife-edge vote: Two big City institutions have dealt last-minute blows to Alliance Trust’s board as the vote over its future teeters on a knife-edge