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I have held this for almost 12 months and it has not moved up at all. Tempted to ditch it. I have made over 20% on another similar fund in the same time.
No, I don't remember. Most likely he was lulling them into a false sense of insecurity, just before he pounced
another tick, gently and I'm sure India will let us down again, but still loking good Do you remember when Terry said "don't invest in Brasil, Russia, China and India" and then did?
over the last two weeks, helped be the recent slip of Sterling against the Rupee. Its too soon to think that this momentum will be maintained but there is no harm in hoping, after all FUNDSMITH EQUITY has managed over 40% in the last 15 Months (Brexit Sterling devaluation of last June accounts for about 8% of that). I do like a Manager who has 'Skin in the game' as they say.
Steady recovery on going
tipped this week by http://moneyweek.com/author/maxking/ he says a great fund for the long term.
Had a bite on Friday and aiming for around 10% uplift - looking quite positive here
They did a placing. The investors brought in above NAV so as not to dilute the current investors. Management had already outlined possible investments to spend the funds on, so it is being put to use and earning a yield. Check out the last AGM video: google FEET PLC AGM Video. I suspect the recent rally also has something do with those fools at the BoE doing what they do best; printing more money. This has spilled over into the market like it always does. I have a few grand invested here. I think the sp may drop between now and Xmas as BoE stimulus wears off, and I shall buy some more, as this is a great fund.
The fund has issued 1.5m extra shares this year. I think it just proves they are fully invested and into their stride with finding good investments. A lot of that will have been invested pre brexit when the pound was stronger. Post-brexit the sp has compensated for lost purchasing power. The scale of the equity issue had not sunk in with me but is a positive thing imo. A company doing a share placing is positive if their return on equity is good otherwise it might just be to keep the bosses in the lifestyle they're used to.
So in this sort of a fund it does not work like investing direct in an equity where the more shares there are the cheaper they are?
It is only .6% of shares and must have been issued to someone on request so will help the sp.
Will today's issue of equity bring down the price?
The nav is probably on the increase post brexit. Safe firms with foreign earnings that weather recessions and grow with growing middle classes.
I notice this share is trading at a premium. Can't say I'm surprised. It's ticked up alot recently. I hope there will a cheaper entry point as I'd like to top up!
The Company's results for the half year include the early effects of the UK's referendum vote to leave the European Union, announced one week prior to closing. Sterling weakened immediately after the announcement and the Company's NAV per share and share price both increased significantly. Volatility in the market meant that the share price lagged the gain in the NAV in the days following, as reflected in the share price discount to NAV per share at the half year end. However, the share price has subsequently returned to a premium to NAV per share and, as at 29 July 2016 (being the latest practicable date prior to publishing this report), the share price stood at a 4.2% premium
During the period, we raised £12.4 million through tap issues of shares. As these all took place at a premium to NAV they benefit existing shareholders, providing of course the proceeds are invested in stocks which produce returns in line with or better than the existing portfolio, which we believe they have. In fact, we would dearly like more funds to invest given some of the opportunities which we can perceive. Terry Smith Fundsmith LLP Investment Manager 2 August 2016
The Company's results for the half year include the early effects of the UK's referendum vote to leave the European Union, announced one week prior to closing. Sterling weakened immediately after the announcement and the Company's NAV per share and share price both increased significantly. Volatility in the market meant that the share price lagged the gain in the NAV in the days following, as reflected in the share price discount to NAV per share at the half year end. However, the share price has subsequently returned to a premium to NAV per share and, as at 29 July 2016 (being the latest practicable date prior to publishing this report), the share price stood at a 4.2% premium.During the period, we raised £12.4 million through tap issues of shares. As these all took place at a premium to NAV they benefit existing shareholders, providing of course the proceeds are invested in stocks which produce returns in line with or better than the existing portfolio, which we believe they have. In fact, we would dearly like more funds to invest given some of the opportunities which we can perceive. Terry Smith Fundsmith LLP Investment Manager 2 August 2016
The rise continues Bilbburgler
what the collapse of a currency will do to a fund
10/11/12 November 926.98, 919.72, 918.85 down from the original 1000 region
Portfolio Comment for September 2015 During September we became fully invested (98.2% of net assets). There were no outright sales in the month but we began a new holding in Tanzania Breweries Limited. The top 5 contributors in the month were Nigerian Breweries, Guinness Nigeria, Unilever Nigeria, Britannia Industries and Grupo Lala. The top 5 detractors were Mr Price Group, Sun Art Retail Group, Hypermarcas, Forus and Spur Corp. September performance is from 28th August due to the UK bank holiday on Monday 31st August.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FEET&ArticleCode=bhe24ta2&ArticleHeadline=Half_Yearly_Report 36.6 p/e average for the 50 companies invested in so good prediction by you wlsn. Gist of results is to underline choice of growing turnover/businesses and has something to say about turmoil creating a good entry point latterly and expecting to be fully invested soon. bilboburgler- I would say withdrawal of invested funds in Asia has hit FEET and strong pound and Terry will be very disappointed he has just invested most of the fund and missed out on bargain basement! He tries to not show it though.
Down to 8.25 today after 7% off this morning. Nasty
Not the dollar, the collapsing Chinese economy and any affect on surrounding assets. My view is this shows that that Smith Premium is being damaged not the underlying assets in danger.