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Whether you sell or not is not really for us to comment on; if you have lost faith in the managers, then sell is possibly the right decision; conversely, if the SP has outperformed its peers (and bear in mind that last year was an atrocious one for investors), then a rising share price should provide some confidence to buy more.
For myself, my holding was purchased a decade or more ago and I see no reason to alter my holding relative to its relevance in my portfolio to me.
I’d like to get some feedback on 3i and it’s recent surge in the SP. I’ve held the shares for a couple of years and have been impressed with its recent performance. So much so I’m thinking of selling. Why? I think short term things may run flat or pull back. Perhaps I look at this as an opportunity to increase my holding (if there is a weakness in the SP) or look at another share opportunity. I thinking the next NAV gets published at the end of Dec and I’m conscious of ex div on Nov 30. Cheers and good luck to all.
One of those days!!
"The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day."
Lost its now fallen?
Oh my the market thinks the results are good. With yesterdays jump in share price and today's that's a near 6% gain
3i increasing its holdings in Action.
Gready buggers. Wish I could risk more money in 3i
RNS confirms Action performing strongly
Jane, I don't think there's any danger of iii selling Action in the short to medium term, it's simply too big a part of the portfolio (over 50% now). The float option is more feasible, so that shareholders end up owning iii and a proportion of Action. Can't see that happening in the short term either though because the prospects for Action are surely as good now as they've ever been, so why not hold and continue to fund expansion? Just my opinion of course.
20% sales growth is not the same as a 20% profit growth.
In the case of Action profit growth is significantly higher than sales growth.
Not always true in other companies, specially discounters.
Nearly half of my ISA is in 3i and can see no reason to lower it. Even with the present premium to NAV it's still a buy.
Today's RNS reveals 20% LFL sales growth in Action. Tremendous. There is an Action shop in the small town in France where I have a house, the shop is always doing great business. It was after seeing that that I bought shares in 3i. They are now starting to build a network in Spain which ought to be fertile ground as well. I wonder when 3i will sell or float off Action, it must be worth a bomb now.
Adbon71
"Expecting a pull back here... And trend change.. a short report will be coming out on this..."
Still waiting for your report?
Come on stupid let's hear your report!
Adbon71 Expecting a pull back here... And trend change.. a short report will be coming out on this...
Well?
If not mistaken, a dividend should land in my wifes ISA account tomorrow. III has been her best performing holding since purchase in 2012.
Although we each fully fund our ISA accounts, we consider our investments as if held jointly to try and get the overall weighting right for our intended outcome. For us, we need to increase our exposure to European and Indian companies, reduce exposure to China.
FWIW, I have no problem buying shares in companies that are at all time highs. Capital growth in III has broadly maintained her 2% weighting and current price is not an unreasonable point to address any weighting imbalance.
Adbon71
"Expecting a pull back here... And trend change.. a short report will be coming out on this..."
When thicko, when?
Krustysmegma
Latest ùpdate.
Good but not great.
I think we have to say good bye to the foreign exchange benefits.
The opposite from now on.
Well probably anyway.
Action will of course save the day. As it grows it will become a bigger and bigger part of 3i. Increasing it's nav accordingly.
When the market normalises I expect it to go to 30% plus premium.
And HGT to at least hit par
Adbon71 (aka halfwit)
"Looks over pumped to me...."
Do you actually own shares in this company? Or are you just wandering around the forums looking for something to make a comment about?
Adbon, you really should learn to read information provided by the company before making baseless, idiotic predictions. Here's part of the statement from the recent AGM, which I assume you didn't attend:
"Action has continued to deliver very strong sales growth in the year to date. Like-for-like sales growth was 22% year to date as at the end of week 25 and net new stores openings of 84 are on track with its expansion plans and ahead of the 75 stores opened in the same period last year. Action's strategy to deliver an outstanding quality customer offering at the lowest price remains the Company's top priority and continues to draw high customer footfall across all of its geographies. Action is set for another good quarter of profit growth and has a cash balance in excess of €660 million."
Adbon71
"Looks over pumped to me...."
Do you actually own shares in this company? Or are you just wandering around the forums looking for something to make a comment about?
"PE 4.25 - Earnings 475 - div. 50.5 - yield 2.5% ... is the dividend covered 9.4 times?"
Investment trusts/private equity don't have PEs.
Sometimes sites quote one but they are not relevant.
Yeild is 2.65% based on yesterday share price. (HL)
Cover is income but mainly capital from sales of companies. The 85% rule does not apply to capital returns. IE it will be mainly invested in new businesses and old ones.
The premium could be deemed to be more important at 15% but it's not unusual. Premium of 20% or greater is normal for 3i
Adbon71
When will you be bringing out your short report!
My maths is rudimentary a lifetime after A-levels, but 3i figures confuse me.
PE 4.25 - Earnings 475 - div. 50.5 - yield 2.5% ... is the dividend covered 9.4 times?
Expecting a pull back here... And trend change.. a short report will be coming out on this...
Looks over pumped to me....
Some is better than none.
I am doing well. Moved into private equity. Probably very close to the bottom.
Firstly 3i and HGT. Then more recently NBPE and ICGT.
3I brilliant
HGT great and still on a big discount.
ICGT good only up 4% recent purchase.
NBPE nowt up 10% within a week then back down.
Lot of private equity still cheap but you do have to check the normal discount. As most are always on a discount.
I would have BOOK if it was available on freetrade.
.... recent performance by iii, sadly don't own too many compared to other shares, but one of the few cheerful things to look at atm in portfolio.