Member Info for barchid

Up another £1 since my last post...

What a great performer they have been

What a super run they are still enjoying.

A really well run trust

What a super run they are still enjoying.

A really well run trust

All time high again today, what a performance this trust has give

And still on a sizeable discount, it did use to trade on a premium but this has been a great buy & hold stock.

I see the discount keeps narrowing so with luck MRCH will be trading at parity to NAV again soon, as they did for many years up until Feb 2024.

If they did then that would be a delayed Xmas present worth having.

There is a price for everything & I suspect this current price is discounting an awful lot.

I added (averaged down) today.

GB up another 1% at present, despite avocado man's best efforts, strange that...

@Avocett

Give it a break please, you sound like an old vinyl record with the needle stuck, or are you perhaps paid per post ?

Agreed, and I'm a very happy holder.

I have started to top slice a bit, I like the managers very much but ultimately the US market is surely starting to look a little precarious ?

@Trek

Completely agree, I topped up today as well, I am sure the valuations on their accounts can not really be as low as the market is currently reflecting, in any event London property is a pretty glum picture now so offices in the regions might not be such a bad idea...

Thanks fish, appreciated

Watched paint never dries...

Tuck them away, take the generous divi & look at them again when everything has settled down...

@schwee

To be fair the managers performance had been stellar for many years so a few leaner years are disappointing but certainly not terminal.

When performance picks up the discount should narrow so at present on 8% discount purchases now could like quite smart over time.

Income trusts like this are longer term holds, not punting vehicles as evidenced by the nature of their holdings.

@getreal (really?)

As you are so sure of the "hidden value" in MARS has it ever crossed your mind to mention this to an activist fund as a take out or value play ?

AVI Global (AGT) who have an excellent record in buying into deeply discounted securities, is one example, but there are plenty of others, like KKR who were frustrated over Assura recently.

Just think, they might even give you a nice thank you cheque for bringing it to their attention ?

If they did, even the arch ramper "bent out of Shaperite" might have "reasons to be cheerful".

My apologies to Ian Dury ...

I wish I had been given them at that price but I'm not complaining, these have been great performers.

Pedro

I agree & topped up at under 89p today giving an historic yield of 8%

I guess when all this is over & with all the PI's receiving their shares we'll see further pressure on the price but I feel confident that the institutional investors will mop this up, as you say, leases are only going up.

Fairdealer

Good to speak, it has been a while. Yes this year has not been bad at all, my most disappointing stock was Harbour Energt, though it moves around enough that allows you to top slice & add later, but I'm still underwater on that, happily my Far Eastern trusts have had a (very) good year which keeps the wolf from the door.

WRT Marstons I still have my small holding left which I retained after my sale from my SIPP, simply as I loved their products & out of interest in their going forward, but what a dog it has been.

Pity the "bullish commentators" (the word Rampers seems to upset some) did not take any of your timely advice, selling the breweries which they were good at running leaves them a very different company to before & I fear the Welsh deal was just about the last straw.

Indeed it does show the board in a pro active light, which is encouraging.