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Started: Amica1, 20 Jun 2024 14:05
Last post: JDF7, 21 Jun 2024 14:56
It's not doing too bad...
ATT is, I think, a top drawer tech trust.
Doing very well today - again!
Started: ShareSocUK, 25 Apr 2024 12:58
Last post: ShareSocUK, 25 Apr 2024 12:58
In case you missed our webinar with Allianz Technology Trust #ATT, the recording can be found on our YouTube channel: https://www.youtube.com/watch?v=iu-4Q7onaoQ
Started: ShareSocUK, 7 Mar 2024 23:00
Last post: ShareSocUK, 7 Mar 2024 23:00
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.
Started: Alas_Smith, 21 Nov 2023 00:13
Last post: Uggy100, 2 Feb 2024 17:43
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.
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.
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.
If you get any word about very recent NAV updates, do tell. It looks cheap here at 225p, but the real NAV and more importantly, where NAV ends up this fall, probbaly is nowhere to be seen.
back in to ATT, SMT and PCT as it looks as if they may have bottomed. I was lucky not to have been in them over the last 3 months of decline, except for a few days brief foray in to SMT.
Started: ShareSocUK, 21 Mar 2023 15:18
Last post: ShareSocUK, 21 Mar 2023 15:18
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
Started: ShareSocUK, 4 Feb 2023 12:38
Last post: ShareSocUK, 4 Feb 2023 12:38
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/
Started: ShareSocUK, 10 Feb 2022 22:29
Last post: ShareSocUK, 10 Feb 2022 22:29
In case you missed our webinar with Allianz Technology Trust (ATT), the recording can be found on our YouTube channel: https://youtu.be/-K9lQzVpzyg
Started: ShareSocUK, 12 Jan 2022 15:36
Last post: ShareSocUK, 12 Jan 2022 15:36
We are hosting a webinar with Allianz Technology Trust (ATT) on 26 January 2022, which may be of interest to current shareholders or potential investors. Michael Seidenberg (Portfolio Manager) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-allianz-technology-trust-att26-january-2022/
Started: Alas_Smith, 28 Jun 2021 17:25
Last post: Uggy100, 7 Nov 2021 17:44
Strange BB here with no posts since 1st August despite ATT soaring ?
With winter drawing in, my portfolio has had a number of changes with disposals of housebuilders and the strengthening of smaller and micro companies and (for me) a new investment in IT...... this time ASML. No, this is not a pump and dump claim but a long term strategic buy. I have also removed my capital in Nvidia to allow the profits to run.
I've not looked recently at the full portfolio breakdown held by ATT but I shall request this of the Co. Secretary during this next week. I know I need to increase my direct exposure to IT and this means exposure to different exchanges adding a layer of complexity.
Well, Ol' Uncle Sam returns to the grindstone tomorrow and, although I am not expecting a big pull back, I am expecting technology sector to run a bit flat before advancing again. I'm certain that AI will begin to feature in many employment decisions to reduce headcount in semi-skilled positions, countered by technicians, development and service engineers that will expand the IT sector.
Sadly, as my wife decided that she wanted a new horse lorry last week, it has left a bit of a throbbing sensation in my wallet. But, if things are a little flat, it might provide a silver lining for me.
Mr AS, I apologise for my joke about T44. Thank You very much for your brilliant comments. My best wishes
Again the NASDAQ is testing new ground with some shares absolutely flying today - mine in NVDA, ILMN, TMO and ADBE are doing very nicely with a stonking advance from Nvidia. It will reflect in the NAV for ATT this week, of course. And although it is disappointing that the SP for the trust is weak against the NAV, it does allow the company to purchase shares and hold them in treasury to re-issue at a later date.
That is one of the great qualities that the managers have....buying shares back and re-issuing at a premium at a later date.
Started: tony_currie, 10 May 2021 16:33
Last post: ali1947fish, 28 Jun 2021 13:58
thank you for such a detailed reply- i am invested here for a long time and i am much like you in my style of investing- i find it always helpful to explore others people opinions- so thank you for that
ali1947fish - I am not qualified to give financial advice - therefore the decision to buy or sell will remain with you. The approach that I take (and others are likely to have different approach) before buying any share is to understand why I am investing in the first place and what my exit strategy is should I decide to own shares.
My reasons are that I want to invest in businesses that are well managed, have a successful track record and have little or no debt where the prospects for capital growth are high. I am prepared to accept a risk that I could lose 50% of my capital. I am not prepared to expose more than 4% of my portfolio to any individual holding. Sectors that I expect to do well include technology, healthcare and alternative energy. Geographic sectors of high appeal are N America, UK, Europe, Asia and South America in that order.
Specifically turning to ATT. It is an investment trust that is able to use leverage to advantage, has an execellent track record through its holdings in technology companies (if you ask the Company Secretary to provide you with a breakdown of ALL holdings, you will recive the information by return) to give exposure to technology giants and minnows that have rewarded their shareholders for many years or are pioneers with next generation cutting edge stuff.
If I were to buy the individual shares in just the 10 top holdings in the trust, I would be paying the market price. Buying them as the constituents of a trust allows me to buy the same shares (and many more) at a discount. That in itself is attractive. Next, if say there was a catastophic event to cause the collapse of say Microsoft, Apple and Google where the shares were suspended, I would still be able to deal in the shares of ATT. I might not like the price, but it gives the comfort of liquidity.
Have to be honest that I am selfish when it comes to looking after my money - I do not make investments with the intention of becoming poorer. If others make money through investment, I am delighted. I've never sold short and tend to focus on no more than 100 companies. I want to know how these companies make money (or expect to make money) and if I do not understand how they do it or what the company actually does, I will walk away. Thus, I am not in the least ashamed o be considered a simpleton. Simple and straightforward is good as far as I am concerned. I've learned that by making lots of mistakes and seldom repeating them.
So, is ATT a good punt or not? It features in MY portfolio but that does not mean that it will or should feature in yours.
Mr Flibbles, as regards HRI, my concern here is that this IT has a long history of trading at a significant discount. Over the past 12 months the average discount has been 11% and going back further (five years) the range has typically been between 10% and 20% even exceeding 20% in 2016. The current discount of 15% is simply more of the same as opposed to an aberration (which is my perception of the ATT situation). I feel more comfortable with ATT. This current situation is an anomaly, I believe. I believe that with reasonable good fortune (we always need this), there is a significant probability of the SP increasing. We will see?
as i dont understand your comments,i am more interested to know if this this is a good opportunity to add here given the discount and good management
While I have no doubt on the verisimilitude of your post regarding the T-44 tank, I am referring to index linked gilts.
Started: Mr.Flibbles, 16 Jun 2021 14:59
Last post: Alas_Smith, 23 Jun 2021 13:36
Took the opportunity to add a few more to my elder sones portfolio yesterday. NAV now above 304 but SP is unchanged at 283 (mid price).
FWIW, contributions in the professional press have been hinting for some time that the best prospects for investors to growth their wealth is on the UK Stock Exchange(s). Although winter is now drawing in, the UK market has been bumpy and yet to evidence predictions published. I am pretty confident that once the UK is removed from the restrictions that have been in place for the last 17 months or so that it might be the inflection point.....this last year has given many businesses a focus on tecnology in adapting to the challenges for remote working. Whether there is a return to the office or not, upgrades ar always needed.
NASDAQ keeps getting stronger Vers other indexes showing a tech recovery could come this year.
Also note UK focused small cap technology trust is on a 15% discount. Contains something like 25% US.
I was a little surprised but very pleased to see the share buy back. That is good business given the current discount but often I think fund managers ego gets in the way in these situations. Let’s hope we see more before the discount narrows.
272.96p and NAV is over 295p. Currently, ATT is trading on a discount of nearly 10%. I am not in a rush for the discounts to narrow.
Started: casua319, 19 May 2021 16:36
Last post: casua319, 19 May 2021 16:36
Difficult to work out the nav my guess it's nearer 10% I was in at the top and it lost 20% in a short period of time
Started: Alas_Smith, 4 May 2021 09:19
Last post: Etotheipi, 4 May 2021 19:58
LSE still haven't adjusted HGT's share price since May 2019 after a 10:1 split so not much hope for ATT.
My account looks f#@#@
Agreed, ******** hopeless service
ii is showing me as 100% down! Useless
A J Bell haven't updated investors holdings either! it's not like they don't get plenty of notice - pretty poor show really.
Started: sorros, 7 Mar 2021 15:34
Last post: Alas_Smith, 16 Apr 2021 15:48
I notice that the gap between the NAV and the Trust appears to be widening. At the beginning of January, at the point when the shares were at an all time high, they were at a premium to the NAV before falling back considerably to a very wide discount at the beginning of March.
According to the latest RNS, the NAV is 3059 which is slightly higher than is typical for this trust. The correction is either for the NAV to fall or the share price for the trust will rise. I am assuming the latter.
Sadly, there is no “rule” for when the best time to buy occurs. We can, though, look at a mix of fundamentals and technicals to mitigate risk, ali1947fish. FWIW, I began to drip money back into ATT on Thursday.
Taking fundamentals first. ATT is an investment trust and is permitted to use gearing to borrow against assets. Assets of publicly quoted companies are known and have valuation and thus under pin the valuation for the trust, the NAV. When the NAV is greater than the valuation for the trust it is said to be trading at a discount. This might reflect the poor management or that the trust is out of favour. When the valuation of the trust is greater than the assets within, it trades at a premium. Again likely to reflct the ability of the management to grow the trust or the sectors that are held.
Where there is a larger discount or smaller premium than is usual, that is a good signal from the fundamental perspective. From the technical perspective, and not one that I use very often, it is simply that behaviours are repeated. If it looks looks as if there is a sine wave pattern, then draw imaginary parallel lines and it provides broad entry and exit points. Similarly, if the SP seems to be is a general trend up or down, there is no reason why you should not make money by combining it with another holding that has a mirror of the same pattern. So technicals help in timing your entry or exit.
Lastly, of course, there are the intangible aspects to owning shares as an investor. Market sentiment, geo political stability, holiday times, fine weather, all have a bearing on prices and dy to day moods. We can use this to advantage, announcement of the first viable vaccine was a good example when it lifted World sentiment. We know there is a shortage of computer chips, we know that data theft brings media frenzy and we know that computing hardware gets old very quickly whereas machine learning and artificial intelligence is just starting its ascendency.
In short, I don’t know if it was a great time to sell when I did at the time and I am not sure that now is the right time to begin to add now. But profits can only be taken when a holding is sold. I declared when the bulk of my holding was sold and the price continued to rise. There was something left for that buyer of my shares.
The mantra of “time in the market is better than trying to time the market” works for me.
majority buys on the 26march here but no one commenting-the sp has fallen quite a lot- when is it time to add? from anyone with insight
zzzzzzzzzzzzzzzzzzzzzzzzzzzz
Started: Peg83, 23 Feb 2021 15:57
Last post: Peg83, 23 Feb 2021 15:57
Just had a notification of an All Time High. What is that all about?? I got stopped out of this today. Infact I have been stopped out of three shares today. Absolute nightmare.
Last post: Alas_Smith, 15 Feb 2021 13:21
CME is listed on the NASDAQ. It is a derivatives exchange.
SONG is an investment trust recurring revenues from bands, producers and those in the music industry.
tempus tipped att as abuy- what holding is CME is song one stock or a trust?
Decision made - I have today sold most of my holding in ATT but am keeping 500 shares - I am sure there is a little more growth in the share price but the proceeds have found a new home. The bulk has been invested in CME and the remainder in SONG.
The holding in CME is to compliment my holding in Deutsche Bourse which has done very well over the last year.
Hopefully the $1.9 tn package unveiled by President-Elect Biden will be welcomed I have increased my appetite to risk in the main because all the major economies are going to have a wall of money pumped in to ensure survival. This coupled with the beginning of world rollout of vaccine has all the hallmarks of a substantial uplift in markets for the next 12-18 months.
The share chart remains intact, but my concern is not that the trend will fail, but that the chart direction for ATT has been consequential on the stellar performance of Tesla. Each month, the company provides breakdown of portfolio holdings and some valuations seem a little frothy.
I am wrestling to make decision. Top slice to remove capital and allow profits to run, do nothing in expectation that trend will continue or sell and bank all profits. Past years, I have added to my holding in ATT but 2021 has the hallmarks of being a little different and although technology will continue to be as essential as say BP or Shell to a portfolio in the 1970's for 40 years, my hunch is that green energy is going to be the driver for the world post covid.
Not in a hurry to decide, I might add as covid is nothing like under control, but the intention is preparing portfolio for inevitable direction that will profit some sectors over others.
How's being out of the market with ATT playing out? ATT continue its trend finding new trends in tech and continuing to rise. Now vaccine news is known it's hard to tell where the next downturn will happen.
I continue to buy and will add on the dips.
Yes, it really is an excellent fund isn't it. Served me well since I invested here.
thank you.
Started: nimrod22, 3 Oct 2019 22:38
Last post: nimrod22, 3 Oct 2019 22:38
from BullionVault.
https://www.bullionvault.com/gold-news/insider-dealings-100320191
Started: barchid, 11 Mar 2019 07:16
Last post: Uggy100, 19 Jul 2019 19:48
Sorry that should read Trump ISN'T helping markets in general !
I've been invested in this fund for some time & it had proved to be excellent. As a Tech sector fund there is always a higher risk factor but the management seem to be very clued up with their finger on the pulse. Notwithstanding Trump is helping markets in general.
barchid
It looks very good. I have just dipped my toe in a little bit. Have you seen the list of shares it has ?
https://www.allianztechnologytrust.com/Portfolio-and-Performance#
Microsoft / Facebook / Zscaler / Alphabet - A shares / Paycom Software / Okta / Amazon / Square / Cree / Arista Networks.
Does anyone have any views on this trust?
It looks a very well run trust and has a good track record, without being in the financial press most weeks like SMT, for instance, puffing Tesla or whatever.
Indeed, being run from the Bay area it surely is better plugged in to what is going on all the time than if it were run from Scotland ?
I am mildly surprised at the apparent lack of interest in this tech trust.
I am a holder and a very happy one too.
10% in last three weeks, not bad, more to come.........
on a steady upward trend, plenty more to come after recent correction.
Started: MickTKipper, 8 Mar 2018 16:05
Last post: MickTKipper, 8 Mar 2018 16:05
ATT Allianz Technology Trust. A breakout on a fairly largish increase in NAV. Check out the World Class companies it as a share in..MIND BLOWING. RNS RNS Number : 1500H Allianz Technology Trust PLC 08 March 2018 Allianz Technology Trust PLC LEI: 549300OMDPMJU23SSH75 As recommended by the AIC, net asset values are calculated on both a capital and a cum-income basis. The cum-income net asset value reflects the revenue deficit for the year to date. Allianz Technology Trust PLC announces that at close of business on 07 March 2018 excluding shares held in treasury: 1) the capital only net asset value per ordinary share was 1330.50p Check out the World Class companies it as a share in..MIND BLOWING. https://pbs.twimg.com/media/DXxyUetWAAAE5cd.jpg
Started: MickTKipper, 23 Feb 2018 14:47
Last post: MickTKipper, 23 Feb 2018 14:47
Strong performance Reporting on Friday was Allianz Technology Trust (LSE: ATT). The company enjoyed a strong year, outperforming its benchmark by a large margin. In the year to 30 November 2017 its net asset value per share increased by 41%. The Dow Jones World Technology benchmark increased by 31.5% during the same time period, which means the company�s outperformance was 9.5%. In terms of its share price, there was a 50.2% gain in the same timescale. Of course, it was an exceptional year for the technology sector and for a number of the trust�s major holdings. The likes of Amazon, Apple, Facebook and Microsoft enjoyed strong gains as investors became increasingly positive on the prospects for the US and global economies. With those four stocks its major holdings, they were able to deliver a positive contribution to the trust during the year. Looking ahead, there could be increased volatility in the wider technology sector. Higher inflation in the US could spark a more risk-off attitude among investors. This may mean that the company�s performance in the current year fails to match its 50%+ gain in its last financial year. However, with it trading on a 1% discount to its net asset value, it appears to offer excellent exposure to what may prove to be a growing technology sector. https://www.fool.co.uk/investing/2018/02/23/looking-to-invest-2000-here-are-two-investment-trusts-to-consider/