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Pin to quick picksEdinburgh Investment Trust PLC Share News (EDIN)

Share Price Information for Edinburgh Investment Trust PLC (EDIN)

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Share Price: 715.00
Bid: 715.00
Ask: 717.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.28%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 715.00
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Edinburgh Investment is an Investment Trust

To achieve an increase of the NAV per share in excess of the growth in the FTSE All-Share Index and dividend growth that exceeds UK inflation rate by investing primarily in UK securities.

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Edinburgh Investment grows NAV despite market turmoil

Fri, 01st Jun 2012 07:39

Edinburgh Investment Trust, the FTSE 250 group focused on UK securities, put in a resilient performance in the year to March 31st, growing net asset value (NAV) by a tenth in spite of the volatile market conditions during the period.NAV per share at market value increased by 10.2% over the period, from 434.02p to 478.3p. Revenue return per share excluding VAT recovered on management fees and interest increased by 6.3% from 20.8p to 22.1p.The final dividend was raised by 5.8% from 20.8p to 22p.Looking at its portfolio, the company is weighted heavily in the defensive sectors - assets investors often pour into when markets are volatile - and that strategy seemed to work during the year with its share price jumping 17.6%, compared with the FTSE All-Share Index which rose by only 1.4%. The group has a great deal of exposure to pharmaceuticals, tobacco and telecoms stocks."Economic and market conditions have remained challenging throughout the past 12 months. However, against this backdrop, the company's defensively positioned investment portfolio delivered substantial out-performance against the broader market for the year ended March 31st 2012," said Chairman Jim Pettigrew.In regards to the outlook, Pettigrew admitted that "there appears to be no realistic end in sight to the ongoing difficult economic and market environment."He said that "relatively concentrated nature of the portfolio may from time to time result in material short-term performance deviations from the benchmark.""However, the board and the manager continue to believe that in the present difficult market environment the current defensive investment approach provides resilience whilst still providing the opportunity for creating growth in shareholder value over the long term."Shares were up 0.2% at 469.44p in early trading on Friday.BC
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27 Jan 2020 13:12

Edinburgh Investment Increases Second Interim Dividend To 6.40 Pence

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11 Dec 2019 13:13

Edinburgh Investment Trust sacks Invesco as fund manager

(Sharecast News) - Edinburgh Investment Trust has sacked Invesco's Mark Barnett as its fund manager after a "disappointing" run of weak results.

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11 Dec 2019 10:02

UPDATE 2-Edinburgh Investment Trust fires Invesco's Mark Barnett as manager

* Move follows period of underperformance* Shares in the trust flat, outperform FTSE mid-caps* Invesco says no plans to change investment style (Adds comment from chairman and adviser, updates shares)By Carolyn Cohn and Simon JessopLONDON, Dec 11 (R...

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11 Dec 2019 10:02

UPDATE 1-Edinburgh Investment Trust fires Invesco's Mark Barnett as manager

* Follows period of underperformance* Shares in the trust up 1.2% year to date, lag FTSE mid-caps* Invesco says no plans to change investment style (Adds Invesco response, background)By Carolyn Cohn and Simon JessopLONDON, Dec 11 (Reuters) - Edinbu...

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11 Dec 2019 09:20

Edinburgh Investment Trust fires Invesco's Mark Barnett as manager

LONDON, Dec 11 (Reuters) - Edinburgh Investment Trust has replaced Invesco's Mark Barnett as its investment manager, a spokeswoman said on Wednesday.The London-listed trust said it had appointed Majedie Asset Management as the company's new manage...

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11 Dec 2019 08:19

TOP NEWS: Edinburgh Investment Trust Fires Manager After Poor Interims

TOP NEWS: Edinburgh Investment Trust Fires Manager After Poor Interims

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22 Nov 2019 16:06

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7 Nov 2019 16:10

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4 Nov 2019 18:22

Edinburgh Investment Trust Increases Interim Payout By 2%

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21 Nov 2018 09:25

Edinburgh Investment Trust First-Half Net Asset Value Per Share Grows

LONDON (Alliance News) - Edinburgh Investment Trust PLC on Wednesday said its net asset value total return in the first half outperformed its benchmark, after growing by 6.5%.For the six to

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10 Sep 2018 18:34

Edinburgh Investment Trust Appoints TruFin Exec As Non-Exec Director

LONDON (Alliance News) - Edinburgh Investment Trust PLC said Monday it has appointed TruFin PLC senior independent non-executive director to its board.Steve Baldwin joins Edinburgh as a In

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31 May 2018 16:14

Edinburgh Investment Trust Underperforms Against Benchmark

LONDON (Alliance News) - Edinburgh Investment Trust PLC said on Thursday it underperformed against its benchmark index for its recently ended financial year due to profit warnings from several at

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24 May 2018 16:10

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11 Nov 2016 09:29

London & St Lawrence Discount To Net Asset Value Widens

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