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I added 1500 yesterday - was expecting to pay 68p but was quoted 65.7p so it showed as a sell - so presume all recent trades at this price are actually buys. Wonky system !
Puzzled at what seems to be a sea of red trades for IPE this week when comparable fixed interest type ITs aren't heading south. Have I missed something again :(
Quite a wide spread but Prefs more expensive and often wider. Obviously not the time for some redemptions but company well positioned and used opportunity to acquire holdings at a discount for the future. Dividend OK into medium term.
I sold 1000 and comes up as a buy - very odd- is this normal?
Note today on their web site a big increase in borrowing to 24% up recently from 18%. It maybe for new investment - maybe to help with the dividend?
Good dividend paying history. Quarterly 1.25p
Success should always be rewarded, but the suspicion remains that the current balance between the interests of the supplier (investment manager) and buyer (investor) is hugely skewed in favour of the former. Invesco Perpetual Enhanced Income managers have resigned in a fit of pique after refusing to take a reduction in the fees it draws from the �149 million trust. the rewards Invesco has drawn from the pot are considerable. In the latest accounts to the end of September last year, Invesco earned fees totalling �2,036,000 � comprising a management charge and a performance fee. In percentage terms, the trust�s ongoing charge for the financial year was 1.22 per cent (0.93 per cent of which went to Invesco) and the performance fee was 0.93 per cent. In other words, Invesco earned charges totalling 1.86 per cent. Excessive on any level. A proposal to remove the performance fee and move towards a new management fee of 0.77 per cent was agreed in April and that's when the managers resigned. Invesco has now put a spanner in the works by demanding a general meeting of the trust at which a vote will be held calling for Adamson and fellow director Richard Williams to be replaced. It is putting its financial interests above those of shareholders. Bang out of order.
Looking at RNS history a trading update due soon. Last results indicate big reduction in net debt. The majority of investments are in good quality companies with low default risk that are paying out cash on investments made at lower prices than now. They say they are issuing when SP is higher than NAV to avoid dilution and indicates to me they are building cash. Appears to be well managed and good transparency in their statements. Useful income hold in a balanced portfolio. Future income levels may vary as prudence may dictate from time to time.
Can someone answer why this trust keeps issuing equity , Over 6 million shares issued that volume of dilution is horrendous , no wonder the sp never increases All feedback welcome
With bond prices high? Perhaps with this fund there is the diversification a cross many non sterling currencies.