Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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ShareSoc is hosting a webinar with Allianz Technology Trust (ATT) on 28/3/24, which may be of interest to current shareholders or potential investors. Michael Seidenberg (Lead Portfolio Manager) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-allianz-technology-trust-plc-att28-march-2024/
Still on a roll here, onwards & upwards I hope !
A paper profit is meaningless until banked. FWIW, I continue to add to my holding and average up as circumstance permits.
19% since my last purchase 18th December, not bad going.
Out of all the Tech funds I have to say ATT is top notch.
Looking even better as Meta and Amazon beat on earnings. Meta will be paying dividends for the first time of 50cents a share
A very good month!
Significant increases in both SP and NAV.
Continues to trade at a discount of c.10.5%
Yes Uggy - Allianz has been a strong performer for years, as have many/most technology trusts,
I first bought this one at 27.5p so I'm a very happy chap !
It's more than made up for some poor investments...!
I think ATT is a fantastic tech trust which should generate great returns for holders.
Yep, SP is trading at a discount, and the top 6 holdings in the trust looking good to break out of the highs, which bodes well for 2024
NAV quoted at 325.42 on Dec 8, so trading on a discount of 11%.
Good to see it climbing...
Agreed the discount is about 40p a share, far too high for such a well managed fund
With Microsoft and Nvidia (my 2 largest holdings in portfolio) hitting all time highs today, I wonder if there will be a little more interest in ATT in the coming weeks to advance the sp for all investors
ATT seems to be weathering the storm reasonably well tbh.
TWIW, I have added another 800 shares to my holding today in ATT.
Annual report & accounts from their website ?
Off topic..... FWIW, dontshootme, I have added to my holdings in GROW and RFX today. RFX is a pawnbroker. The former is designed as a long term purchase (10 years) and latter a short term one (6-18 months)
Dontshootme, if it helps, try and get a "feel" for what is happenning in the world as that will give you the broad direction in which to invest. We know that the cretin, Trump began a trade war with China 5 years ago and USA under Biden is keen to keep protectionism in place. China is no longer the manufacturer for the world as its crown is being targetted by India.
FWIW, I reduced my exposure to China in 2021 and have sector exposure to India last year with IGC and this year with the addition of JII. Both are very well run investment trusts. However, another Investment trust you might wish to consider is UEM. This, of course, is not investment advice, but a few ideas that you might wish to explore for yourself. Investing is not a race and you will pick a few lemons along the way. it is quite normal so to do. Run your profits but you will not get rich unless you bank profits from time to time.
May good fortune be yours. If it is of any help, I started in 1979 with my first investment, Microvitec and set aside £25 each month into a unit trust of some sort. Birthday, Christmas and any bonusses from work went into a deposit account and I was able to buy shares in Shell. In those days, orders were placed by my bank and I would receive in time a dealing note and certificate. My holding in Shell was finally sold in 2020. The dividends alone covered my initial purchase many time over but oil does not have the growth that it had from those days.
Hello Dontshootme. It seems that no-one is really wishing to stick their necks out to answer your question. so here goes?
But perhaps, you might be able to better answer the question for yourself as I know you undertook some research. You have a discount to NAV so was this from the RNS that the trust supplies or from another source? Why did you choose this IT rather than say, GROW or PEY or any of the others involved in this area?
And, by the same token it is not unreasonable for you to throw similar questions back to me. But, FWIW, investors have different timescales and outcomes. I have been building my portfolio for almost 45 years and am now preparing it for 30 years retirement so mine is for maximum CAPITAL growth at HIGH risk. When I retire 3% should be inconsequential as I have a track record that exceeds this many times over as an average.
I'll start the ball rolling - the discount to NAV is down to sentiment - it is what the trust invests in that matters not the share price.
2023 is a year that is marked with a war in Ukraine, recovery from the bear market of 2022, World wide inflation from the aftermath of lockdown from Covid and dealing with the slump that was "prevented" in the wake of the banking crisis in 2008. In short the12 years running up to Covid 19 outbreak has been utterly false but an investors dream. The last 2 have been the penalty and the focus surely has to be where we ALL see the direction that our political masters are taking the world and that is different from where the world leading businesses are directing us.
The hot topics (and a considerable % of my money is investing in ) are healthcare (oncology, screening and hygiene), IT (machine learning, cloud, artificial intelligence) and infrastructure.
infrastructure..... well we all have to live or work somewhere and buildings need maintenance, cars are converting to different forms of propulsion so copper, iron, aluminium is needed and for the high energy solutions to reduce carbon content in the long term, rare earths are needed. This is the domain of miners, seismologists etc.
My largest holding is in Nvidia, then ASML followed by RIO, MSFT, UNH and around 80 other equities and investment trusts. These are quoted on exchanges around the world and in different currencies. The average bargain I execute is £20,000 and it is rare that I execute more than 8 bargains each year - a tweak here, another there etc.
Hope this helps but what is right for me might be useless for you. Very easy to buy (get into trouble) so always have an exit strategy in place before hitting that button. I like to be able to get out of trouble faster than I land in the 5h1t
Heading back up in the right direction (at last).
Long may it continue !
ATT only buys listed companies above 2bn mkt cap. The NAV is transparent.
In case you missed our webinar with Allianz Technology Trust (ATT), the recording can be found on our YouTube channel: https://youtu.be/7_0jXAHeLKo
ShareSoc is hosting a webinar with Allianz Technology Trust (ATT) on 28 February 2023, which may be of interest to current shareholders or potential investors. Michael Seidenberg (Lead Portfolio Manager, Allianz Technology Trust) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-allianz-technology-trust-att28-february-2023/
Answer my own Q -Disc2NAV (15%) 20220516 - IMHO that NAV might seem lo but it can get a lot lower this fall. AMZN GOOG MSFT et al.