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"I suspect it is only a mattr of time before Action floats" I have my doubts it will be anytime soon
" Also remember this is a terrible market right now." For the market yes. Not for a discounter. There essential are increasing sales significantly.
Namely food laundry/cleaning, personal hygiene and pet stuff.
"I am staying put" I will probably add in my isa possibly hg capital as well.
"..Much talk about them falling because their stake in Action makes them unbalanced"
And long may they remain unbalanced!
And may it get even more unbalanced or to be more precise...grow Action grow!
Podcast
https://www.hl.co.uk/shares/shares-search-results/3/3i-group-ordinary-73-1922p?tab=security_news
One thing i noted was 80% debt hedged 1.5% to 1.8% till 2026. I assume they were only talking about Action.
3i Group plc ("3i", or "the Group") will be holding a capital markets seminar this morning, involving a presentation from the management team of Action, our largest portfolio company. A live webcast of the seminar will take place at 10:00 (UK time). To register for the webcast, please visit https://www.3i.com/investor-relations. An on-demand webcast of the seminar will also be available by the end of the day.
10am today.
Only about action.
Available at the end of the day as an on demand
Yep HG capital was my choice and in profit within a day.
Have 3i in my general account and my ISA. Already upped my ISA holding to take into account the sale in my general account. Moving the money into ISA and try not to buy more 3i. It will be difficult. A 20% plus premium is the norm.
Big falls in my holdings of 3i and HG capital. A lot less in NBPE and in Oakley capital. The latter being a possible future purchase.
I think HG will be my preference for taking advantage of the present fall.
...Much talk about them falling because their stake in Action makes them unbalanced. The management here are anything but foolish and I suspect it is only a mattr of time before Action floats and we will turn a few billion quid into cash for reinvestment. Also remember this is a terrible market right now. I am staying put. (Also have a chunk of 3in in the PF)
I have held these albeit all too few for well over a decade, and stupidly invested heavily into Lloyds around the same time.
This has likely almost eight-ten bagged, I can't remember what I paid, but less than £2, whereas Lloyds is STILL less than what I paid for them and had years of no dividend.
IF only it were the other way around.
Only three months ago shareholders were capitulating with the SP at £10.62. Well done to all who held on to their holdings. This is a gem and owners are and will continue to be rewarded. The change in sentiment has been stunning
3 weeks ago put in an unlikely sell at £15.
Went through before I was awake...
Luckily, some left.
...at nearly £16 each. Something about gift horses. No rush to spend it yet!
lti not sure about that, I may be wrong but I seem to think it went to about £23 before the dotcom bubble burst in the late 90's. I could have sold then & paid off my mortgage at the time but held on for more. Worst decision of my life, I've regretted it ever since.
Excellent - currently trading at a new all time high
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.