Monks Inv Share Price (MNKS)

Barchid. I agree Mrch have done pretty well over years . Not sure how it measures against inflation with so little capital growth. It’s the companies they invest in I dislike. 700 point drop in Nikkei. Hangseng also down 2.5 percent. Shanghai and FTSE are the stars going nowhere. Lot of fixed interest rates over 5 per cent now . Apparently pension fund stock investment are lowest levels in years. Should mean a strong bounce. Maybe not this year. What I find strange about the Bg (which included mnks and smt) strategy about investing in unlisted stock is how poorly they have performed compare to iii.

Oogle

I totally agree with you re BG trusts, they rode the wave but surf for them is no longer up, so they're beached, but I do think you are rather harsh om MRCH which, after all, has a totally different remit to BG whilst on the crest of the wave.

Merchants has always done what it says on the can, it invests mainly in the UK to give an above average yield (which it has for many years) and to protect capital, which over the last 10 years it has certainly done.

Horses for courses, I am in MRCH and happy to be so, their yield compounded has certainly beaten cash over this QE period which was so favourable for the BG surfers, but as Buffet said, when the tide goes out you see who is not wearing bathing costumes...

Sure. Just look at mnks just about back pre-pandemic levels. Then the Japan trusts , Bsg and Bgfd have performed abysmally especially compared to the nikkei index which has actually recovered substantially . They have lost between 30 and 50% in 2 years while the nikkei has risen over 20% over the same period. Yes they are not aligned to the nikkei they tell me . Stating the bleeding obvious.They say they have reorganised some of the holdings in those trusts and actually only succeeded in making them worse. I have watched the presentations which are very unprofessional virtually at joke level technically. I have done pretty well with SMT over many years. This cant be the same management team. Would not touch with a barge pole. It really has been an eyeopener. I used to have other trusts Atst, Majedie (possibly even worse than Ballie Gifford, which is quite an achievement in itself) Mrch and Mrc. I am completely finished with trusts and all those other ‘professionally’ managed funds. Trust is the last thing I would do. Part of their problem is that they have too much money to look after. Mrch is probably the best managed . Hasnt really gone anywhere in 25 years but has maintained a pretty good divided throughout, heavily subsidised by some pretty horrible companies. Far too much advertising trying to seduce investors into funds.It is no easy matter investing for yourself, but it would take some talent to perform worse than some of these ‘experts.’

My mistake not cashing in my shares in IIT when it released the news of the rollover into Monks. I opted for the rollover into Monks, only to see the initial surge in IIT sp dissipate between the start of Oct and new shares on 9th Nov.
Needless to say Monks has tanked from over 1100p on said date to 950p now.
Added a further 1000 shares at this price but nursing an £8k loss now on Monks - never mind the dismal showing of IIT over the preceding 12 months.
Bruising experience but will see what January brings .

I'm in thanks to skid35 on Schiehallion (MNTN) board where Monks has a stake in MNTN.

Happy to buy into this at 987p after checking it only has 1.1% in Tesla which i think may be mortally wounded.