The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I dipped my toe back in the warm waters here on Friday to see how it progresses.
I too have seen things are starting to happen here recently. I may well get back in very soon after I jiggle a few things about.
From what I read of the RNS it appears to indicate that normal investors cannot apply for shares. As they will be sold under yesterdays closing price this then means that my shareholding and therefore value will be diluted. I am hot happy at all that I cannot apply for my 10%.
I do like higher risk shares. I have 45% of my money in the AIM Oil share CAZA. This will make you a fortune but it will be a roller coaster ride.
I sold this last week @ 393 which was still in profit as my average was 376, so I guess its not too bad for me. I just wish I sold them like I did with the bulk of my holding at 578. I did loose 12% on my AAS holding though which I sold last week for 927, now 865. All emerging market shares seem to be in freefall currently. This has massive potential once things turn around but I suspect it could be some time off yet.
I sold my other shares but used money to topup my AIM oil share CAZA instead of here. I will be back in here at some point once CAZA rockets and I sell up.
Yeah for long term investment is a very good price. I had my finger on the trigger button to sell my holdings in ABAA and ABD (keeping AAS) and buy back here @ 411. Unfortunately I lost my bottle worrying about further falls and missed out on the rise. If it falls back again then I will move some holdings about.
Absolutely ridiculous price drop, discount now over 20%. Once things settle down definitely a buy. Luckily I sold out 2/3 of my holding @ 578 in March.
Well that was a bit of a correction, much worse than I was expecting. Missed my chance to take profit for capital gains reasons. The NAV discount is now back down to the usual 13-14% levels so I have topped up again @ 455p.
http://online.hemscottir.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&item=1278540897077260&ir_client_id=2058 Maybe this has something to do with the rise in price. If there are loads of unsubscribed shares then this could push up the price?
The NAV discount has been high on this for a long time (normally around 14%). Maybe investors have seen the error of their ways and the discount is shrinking to be inline with other similar trusts. Or maybe people are more confident in the stock markets and money is pouring into the best trusts. I am supprised how it has rocketted the last few days as trusts dont normally move that quick. I cannot see a correction happening even though I have no idea whats happening in Thailand. I am guessing it is likely to flatten off for a while until the NAV discount increases a bit.
This share seems to go in spurts with the NAV discount shrinking, then flattens off until the discount increases again. This is one of the top performing IT out of any sectors over the long term. I had an original small purchase at 124p so huge % increase but only a few thousand profit. Then more recently had larger topups at 329p and 345p and 439p.