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SP over 7.5% up now, not surprised after a great update this morning. All looking good here.
Krustysmegma
Yep gone back to a discount.
I will live with that.
PS 20% rise interims shouldn't complain,.
I will keep investing to 15% premium start selling at 30%.
Emphasis start.
NAV now 1,649p per share. Action EBITDA 46% ahead of 2021. Think you might be waiting a while for your 30% premium SD235.
I'm hoping that this share will start to earn a decent dividend from next year. If 3i intends to retain its holding in Action at the current level, it needs to start sharing more of the earnings with its shareholders.
Based on today share price rise on slight premium. I will sell half when they are on 30% premium!
Krustysmegma
Yes Action a discounter which has done excellent but a recession is likely improve its results?
2% discount today but 20% plus premium is the normal. Going through the figures on Hargreaves Lansdown it has been on 45% premium in the past. Long way to go.
Going along very nicely now. It'll be interesting to see what Action can do in an extended "normal" period (i.e. with no Covid impact), could be quite impressive I think.
...here. Even I am up a bit on these and not been here too long. There may come a point soon when the downside may look more persusive, at least to my way of thinking. First class outfit but even this 'has its price'.
Discount falling now. 8%. Up 21% on my first purcase. Action is perfect for a recession.
an awful lot of value from one company in holdings?
Near 20% discount, as they nearly always trade at 20% premium I consider 3i to be virtually the cheapest in the investment trust private equity sector. Some on 40% discounts have always traded on 20% discounts.
Presently on 4% Dividend average increase over last 5 years is 11.9%.
Growth and a decent income + Dividend growth. What more could you want!!
Krustysmegma
And I would not be surprised if they sell some at 50% above it's valuation.
Yes I think it's unlikely to sell action any time soon.
3i group is normally on 20% premium, on 4% discount at the moment.
Presently up 14% from a purchase on 29th June and a smaller one mid July. Happy
NAV now 1406 so currently trading at a whopping discount. Action has resumed it's remarkable growth story and (as you rightly say SD235) now represents slightly over 50% of the entire portfolio. I assume at some point iii will sell a further tranche but why would they do it now when sales & profits are growing at such a rapid rate? I'm guessing 2024/5, maybe a further 20 - 25%? It depends how much control they're prepared to cede. In the mean time, this looks an excellent investment, going from strength to strength. Sooner or later the SP will reflect that, but don't hold your breath. K
Have I read this right? Action is now 50% of nav?
I forgot they are in negotiations to sell a company at well above its portfolio value.
From this site "There are currently no open short positions in 3i Group."
They also say there is no historical short position.
Looking at the shares/companies they own a fairly large amount in the infrastructure sector (low risk.... supposedly) the remainder seem to be profitable companies.
I can't remember where I read but an expert said
that some private equity companies are Ponzi schemes! Also another one said "smell the coffee". Not talking about the investment trust private equity sector. Also lots of the non investment trusts have very large debt and If they own "jam Tomorrow companies" and have high gearing they maybe in trouble due to interest rate rises. For instance they may not be able to continue funding there investment and have there debt called in.
Bought some today will use dividends from shares (not specifically 3i group) to buy more. Just moved to freetrade can buy in small amounts with no stockbroker fees.
In my view short sellers are reading across from US retailers such as Target and betting 3i’s largest investment will struggle due to the oil/gas price shock/inflation and higher interest rates. They think consumers will tighten their belts and it will adversely impact European retailers.
any suggestions are welcome..
...I seem to have entered here at whatmight be a good point. Between these and my 3!N I now have about 12% ofmy PF in these two and that's pleasing at my time of life!
i'm NOT registered...sorry
thanks, just a quick summary? (i'm note registered and i'm not english..)
Quite a lot of chat on the https://uk.advfn.com/forum/search forum
what happend today?? why that dip?
...chunk, to go with my long-held 3IN. May go lower but look solid value.
Holding up well in current climate. Usually gets crushed in choppy markets. Not often trading near asset value. Consider this on sale. Like to see Directors agree (£).