It was when the company was called Arian Silver and it was one bloke with one spade in Mexico. They changed their name to Alien (UFO) in Oct 2018 and i reckon I bought in to Arian around 2015??
I'm in for 2.35 million now at 0.5 so let's keep everything crossed eh?
My first Buy of these was 10,750 at 20 pence a looooooong time ago. Anybody paid more?
I can get quotes to buy 3.5 million but not 350,000. Hmmmmmm
I sold at all at 234 on 21st march.
Waiting for 180-190 which it hits regularly e.g Dec 2022, Mar 2023, Jul 2023, Aug 2023, Ost 2023.
Terry Smith lost it? Well, I'll keep my holding with 333% return in 10 years, 68% in 5 years and 28% in 3 years and look forward to many years of about 15% per annum return compunded.
I would advise any serious investor to watch the video and see his tip for 2024 and then review his SEC filings to see what he has been loading up on in the last quarter. Information that he doesn't have to publish here in the UK but does in the US.
Very interesting.
https://fintel.io/i13fs/fundsmith-llp
Divi raise you say? Last year Interim 2 was 13.4p this year 13.2p.
Tom78
You state: "Plenty of good IT’s with big discounts around so I struggle to see why this is as loved as it is right now"
It's "loved" because it is the best performing Global Equity income trust over 1, 3, 5, 7 and 10 years. For that kind of performance, the premium at 1.56% is ridiculously low. Find me a Global IT with better performance.
Up 103% (with divis) over last 5 years. Better than the S&P500. Better than SMT and better than Fundsmith Equity (to use 2 well-known global trusts/funds)
To add another popular trust comparison, Murray International, they are up 26% in last 5 years. In your world they must be "better" because they have a 10% discount to NAV?
I'd wager Terry Smith knew about this when tipping ULVR at his annual meeting 3 weeks ago. Leaky leaky.
Exactly 8.5% divi going forward after 15% tax. Not sure how the market will see this. If large drop, may buy more.
Would help if i included the link
https://www.youtube.com/watch?v=PYXtFKFsI0U
Worth watching. Big bit on Unilever at 1.07:20 and tipping it as the most potential for 2024 at 1.19:50
ROCKETVI - the usual cycle is buy under 50, sell over 60. I've done this for a few years now. I have my finger over the buy button right now but today's big drop leaves me thinking 45/46 is on the cards soon. Let's see.
Gary,
I've bought RIO below 50 and sold above 60 for several years now. if you want to have "fun" and avoid funds, then you're geting very close (close enough maybe) to put something in to RIO right now.
Where's "my mum's Mystic meg" driftking27 then?
Another plonker filtered.
Why buy a fund of miners? Well, Gary tells us he is inexerienced so he will be guessing on any purchase of individual stock. Let's mitigate Gary's risk buy giving him the opportunity to buy a portfolio of stocks with a nice 7% yield and very low risk.
Maybe I spoke too soon!
https://www.proactiveinvestors.co.uk/companies/news/1040292/scale-of-blackrock-world-mining-trust-dividend-cut-may-surprise-investors-analyst-1040292.html
Gary. You could do a lot owrse than buy BRWM - Blackrock World Mining Trust. 7.9% divi with about 0.8% costs so 7% net. Top 10 holdings below.
BHP 9.6%
Glencore PLC 9.3%
Rio Tinto PLC 8.1%
Vale SA 7.6%
Freeport-McMoRan Inc 5.6%
Newmont Corp 3.9%
Barrick Gold Corp 3.5%
Wheaton Precious Metals 3.3%
Vale S.A. 3.1%
If you go on to Morningstar UK site thay have the returns as around 300% (LGIT) and 380% (JGGI) for 10 years if you use a comparison chart. Not sure how they reach those figures though.
No worries. I have the income fund which distributes 3.6% p/a. Not sure if this suits you but it's the top performing IT in the sector (Global Equity Income) over 1, 5 and 10 years. Low cost (0.22%) as well
Swap out your L&G Interantional Index for JPMorgan Global Growth and Income (JGGI)
That has returned 237% against 195% for the L&G offering over las t 10 years (Sharepad figures)