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Be interesting to see how these investments now compare. Way I see it last 6 / 12 months MRCH has seriously underwhelmed. In addition there are many bank savings accounts that provide better interest than the yield on MRCH, but of course without the risk.
As far as I know Merchants outperforms the FTSE100 with income included and the FTSE All-Share Accumulation
Below is the 1, 3 and 5 year returns also included are two other ITs I hold for income which beat the indices :)
MERCHANTS TST 6.09% 62.11% 38.17%
EDIN.INV.TST. 18.8% 59.58% 26.02%
DUNEDIN INC. 1.58% 12.81% 29.36%
CrFTSE100UETF D 10.98% 38.41% 24.34%
L&G UK Index Trust C Acc 10.03% 32.74% 22.45%
Bullish chart because relative strength indicator is above 50, in the weekly and daily charts. However there is significant overhead supply between 560-600, which could impede upward progress. Sp, support exists at 540-543, which could provide support for any retracement, in the sp.
In case you missed our webinar with The Merchants Trust PLC (MRCH), the recording can be found on our YouTube channel: https://www.youtube.com/watch?v=hgablAzF68U
ShareSoc is hosting a webinar with The Merchants Trust PLC (MRCH) on 07 February 2023, which may be of interest to current shareholders or potential investors. Simon Gergel (Portfolio Manager, The Merchants Trust and CIO UK Equity, AllianzGI) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-the-merchants-trust-plc-mrch7-february-2023/
Been a long time since I looked at this chat. Seems no-one answered you. The issuance of new shares is not diluting the Company; in fact the Company gets bigger. Being closed ended the money from new shares stays in the Company. By issuing new shares when there is high demand it keeps the share price close to the NAV. You could of course consider this is not a good thing as by issuing new shares the premium stays small. If no new shares the premium would increase which may or may not be of benefit to the then current share holders. In any case I invest for the steady income. Hope this helps
I have looked at buying these for some time but as MRCH keep issuing (allotment) new shares all the time, thereby diluting the company I keep putting it off.
Anyone else got any views on this?
In case you missed our webinar with The Merchants Trust PLC (MRCH), the recording can be found on our YouTube channel: https://youtu.be/lhmKpvfLxIg
We are hosting a webinar with The Merchants Trust PLC (MRCH) on 22 March 2022, which may be of interest to current shareholders or potential investors. Simon Gergel (Portfolio Manager, Chief Investment Officer UK Equities) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-the-merchants-trust-plc-mrch22-march-2022/
Merchants Trust has always been one of my very best holdings and the 6.8p every quarter has been wonderful.
Don't forget to mention the 5% divi too.
About 40% above FTSE since last year. Being helped by the oilers no doubt. Juicy divvies too. Glad I got into this lovely little ETF.
The Merchant Trust presentation from our recent Manchester company seminar can be found in our members area here: https://sharesoc.ning.com/xn/detail/6389471:Comment:54215
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The Merchants Trust present at our next Manchester growth company seminar on Tuesday which may be of interest to current shareholders and potential investors: https://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-manchester-10-september-2019/
Merchants Trust present at our next Manchester growth company seminar on the 10th September which may be of interest to current shareholders and potential investors: https://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-manchester-10-september-2019/
Hi Liberalman, I have held my MRCH trust, but today caught a piece about the trust being one that is on the sell list of his investment trusts for 2017 from ones he held in 2016. I still hold ALAI, MRCH, MUT, MYI, JEMI, and CTY plus Newton Global Income W. having checked the balance sheet I can see that the trust is still in loss making mode at -13p EPS. How have your trusts faired the last 6 months? Which ones are you adding to or starting a new position in? MRCH's just seems to be a cash cow churning out dividends, and recently raised its last dividend from 6p to 6.1p! Would it not have been better to pay down debt than pay out the higher dividend to help their gearing? Not sure if I have explained correctly?
sold my ALAI at a profit o 48%, and added more here today 18-Oct-1616:24:27 424.0851,927Buy* 423.75424.25 total £8,172
I have 2 questions for here... Why is it that the last news update (success / troubles ) dates back to March 27 2013 for Merchants Trust? Lastly, with a dividend yield over 5 for a trust and also has a discount NAV why is it not being talked / mentioned in any periodicals iv come across. I just picked it out when going through the FT. I have just bought ALAI 2 weeks ago, hold MYI, MIC, TEM, Threadneedle GloBal Inc, Newton Global Income and STS.
Just looked at all Investments trusts in FT section and there are only currently 4 over 4% that trade at a discount. Unusual. Unsure if this discount would widen in short term? Looking at ALAI, Shires Inc, InvescoPerp, BlackrockLatinAmerica. I hold 6 already MYI, MIC, STOS, TEM, ThreadneedleGlobal, NewtonGlobal.
Are you sure about the 8% yield? I thought it was about 5% currently.
of over 20p per share p.a.looks attractive. Maybe sell volatile oilies, gold,aim minnows etc and buy these in bulk, then relax, embrace middle age...
http://www.investegate.co.uk/Article.aspx?id=201104071610145312E
Total return of 20.7% for Merchants Trust Date: Thursday 07 Apr 2011 LONDON (ShareCast) - New chairman Simon Fraser declared himself pleased with the performance of The Merchants Trust last year, a year in which the trust achieved a total return that topped that achieved by FTSE 100 Index and the FTSE 350 Higher Yield Index. Net asset value (NAV) per share increased by 14.6% to 427.1p in the 12 months to 31 January, 2011, and when dividends are thrown into the pot as well, the total return for the year was 20.7%, against a total return of 16.8% for the FTSE 100 and 12.2% for the FTSE 350 Higher Yield indices. Net Revenue Return per share rose by 12.2% to 21.22p. This year's earnings include a release of a provision of £862,086 against finance costs in First Debenture Finance PLC. The board has recommended a final dividend of 5.7p per share, taking the full year pay-out up to 22.8p, up 1.3% on the previous year. --- jh
I've held this IT for quite a number of years and done well by it. What bothers me now is the size of the dividends - well over 8%. How do they do this? - there are almost no shares in their portfolio paying at this level. All I can think of is 1. lending shares to short sellers - that can make a bit, and 2. They have a revenue reserve which was running at 17.6 pence per share, which they could draw on to keep the dividends up. I assume they must be doing (2.). In which case it would be interesting to know how fast that is depleting and how long they can keep it up. Something like Edinburgh IT has a broadly similar portfolio but pays out way less. If it looks to good to be true then it usually is.