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To achieve growth of income and capital from a portfolio invested mainly in companies listed or quoted in the UK.
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NAV Discount increasing
15/01/24 - DIG with Debt at Fair Value Including Income 307.21p
Quick comparison of Edin, DIG and Merchants also added in FTSE100 tracker , Finsbury Growth and Henderson Smaller
1yr 3yr 5yr
EDIN.INV.TST. 11.89% 53.89% 14.61%
DUNEDIN INC. 8.1% 19.55% 33.32%
CrFTSE100UETF D 6.97% 31.75% 16.58%
MERCHANTS TST -1.65% 69.49% 34.72%
FINSBURY GTH. 12.53% 12.35% 16.98%
HEND.SMALL COS. -8.12% 5.52% -12.22%
UK inflation now 7.9% so risk assets getting a pop but this still 283p, under valued or as schwee says overhyped under performer?
What other trusts are recommended?
I'm also in Edinburgh, Merchants, Ecofin, TRIG and others
Just surprisingly received fancy and expensive marketing hype from Aberdeen specifically on DIG. BOD are wonderful, the managers fantastic etc etc, but no mention (quelle surprise) of driving down fees. Only invest for the long term, but a quick look at the accounts shows that DIG turns over its holdings every 3 to 4 years. Words and figures do not match, but worse than any of this is perennial underperformance mainly because they have jumped on the ESG bandwagon without clearly considering the downsides.
I say surprisingly received the marketing hype as luckily for me I saw the warning signs a few months ago and got out.
It is underperforming the FTSE All share in the last 12 months but i will continue to hold and add
Down to the level when I bought these Jan 2021, not happy, accounting for the drop in all shares because of the war this is still down, no growth although still paying div. Have to review option if it continues to fall
:(
What has happened to the growth? It seems that it's because the fund is mainly invested in the UK and they have stopped investing in things like oil and tobacco because they are not ethical. No word from the company till results I presume.
I like the results. The fact they are focusing on companies which have strong balance sheets and are paying dividends is good. The price of oil has gone up which is benefiting energy and oil stocks but not many of them are paying dividends. The focus is now on regeneration in fuels and by not holding companies who don't have a strong ethos on renewables they are setting their stall out. The company has a strong portfolio and although it is slightly on the defensive side that is no bad thing in terms of what is happening around the world with economies. In a world crisis you need defensive stocks which pay dividends and have a good balance sheet, Volvo is a good addition I notice. All in all this is an excellent I & G which pays a good dividend, how many single companies although at a higher SP do not pay a div, that is the crux. A strong hold, Cheers, Alamo.
They bang on about ESG and how they have exited tobacco and some energy companies. But then there are exceptions to the rule: other energy companies, alcohol. Bah Humbug.
Bit of a drop this morning, anyone know why?
Good results, movement on an upward this year, excellent to see where they hope to be by the end of 2021
Well just added another 7976 shares to my growing pp here. Good divi! A better year here is forecast!
Nice little raise here today, £3 plus, people loading up as 2021 will be a better year!?!
How have charges affected your capital?
I like this fund been adding monthly for a good few years, however spread your risk, never have the eggs in one basket
Coming up for retirement, thinking about putting my pension pot in here, seems good and steady for divs, any others with info?
Not happy..
Not a lot happening?
UK-focused Dunedin Income Growth Investment Trust said its net asset value had outperformed the market in the first half, but warned times would remain tough. Net asset value per share was up by 5.9% in total return terms, compared with the company's benchmark, the FTSE All-Share Index, which increased by 1.9%. The firm's share price increased by 11.8% on a total return basis over the six months to the end of July. Chairman Roy Macnamara said that since the rise in the market, Dundein believed company valuations in general were no longer cheap. "The analyst community seems reluctant to look more than twelve months ahead and still expects close to double digit earnings growth in 2013; we consider that this is a somewhat optimistic view," he said. "Companies considered safe and secure which distribute a fair proportion of their profits to shareholders have become 'in vogue' investments in recent times. "While we are inclined to agree with such a stance, we do keep a wary eye on valuations and bear in mind that these will be a key determinate of our investors' long-term returns," he said.
DEEPER MAN
deep
http://www.investegate.co.uk/Article.aspx?id=201103280700066769D
Dunedin Income maintains divi after tax rebate Date: Monday 28 Mar 2011 LONDON (ShareCast) - Dunedin Income Growth, the largely UK-focused investment trust, bested the performance of its benchmark index last year by achieving a 19.6% increase in its net asset value (NAV) per share in total return terms. The FTSE All-Share Index’s total return in the year to 31 January was 18.1%. NAV per share at the end of January 2011 stood at 226.81p from 198.80p a year earlier, calculated on a basis that prices debt at market value. During the course of the year the trust saw the income generated from option writing grow significantly, while it also received a boost to the coffers from the resolution of a long standing dispute with the tax man which resulted in a payment to the company of £2.42m, of which £1.84m was treated as income. With debt valued at par, potential gearing has decreased from 9.9% at the end of the January 2010 to 9.7% and, on a pure equity basis, allowing for the trust’s small bond portfolio and its cash holdings, it now stands closer to 2.7%. The company’s final dividend has been left unchanged, leading to an unchanged full year dividend of 10.25p. The preservation of the dividend level was in some doubt a year earlier as it was unclear whether the payment would be covered by earnings. Thanks to the settlement from the taxman, the fiscal 2010/11 dividend was 99% covered by earnings but without this windfall some 13% of the total dividend payment would have been paid for by dipping into reserves. - - - jh
Thats a nice long investment. If you want a quick return XEL could make you @ 3k in less than a month, and a lot more in 1 year MATD will quite possible double in 12 months BLVN keep an eye on it next week, it may fall, if it does, then thats a good time to buy in because next year will be full of good news. CHAR looks goor too for next year (Those are all shares that I am 90% sure you will do OK on) as always DYOR and good luck with whatever you decide to do. Happy New Year