Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not the only one.... I have a n average of 61p.....although that includes past divs reinvested.... So about 55p break even.... Sucks but the overall portfolio OK and I think lloyds will start to return a decent div going forward which will start to reflect in a returning SP.
https://www.investmentweek.co.uk/news/4038923/scottish-investment-trust-proposes-merger-jpmorgan-trust
Scin trades at a 10%discount, JPM fund at a premium.... Nice uplift underway.
Looks like the message is getting out there. Buy now while there is still a large discount.
PSH hold some great investments and making me smile at present. from a UK retail investors point of view the way costs are covered on the likes of Hargreaves Lansdown will put a lot of people off and therefore stifle demand. it states costs/charges of over 11%. which while true last year, is in fact 1.5% reg fee and the rest is performance related. Unless people dig deeper may over look this trust which gives access to some fab businesses.
I first bought Shell and BP individual shares outside funds about 6yrs ago. She’ll were £13.91 a share and with top ups and reinvested divs over the years my average is £15.79…..so hallelujah I’m back in profit……but I simple see these as a hedge against increasing fuel and heating costs….hopefully with a bit left over for me ;-)
Hi Rickyl,
I tend to be more of a voyeur on these boards but occasionally pick up some interesting stuff.
Reading your posts, like you I have a bit of skin in the game here (for me anyway), I think this trust could fly with a bit of positive news and performance. With assets of 9 billion and NAV of 7 billion, I’d say it’s a pretty big discount at present and Ackman has stated in his reports he wants to reduce it. There’s also some court case going on in America challenging the legitimacy of the PTSH spac (10% holding in PSH) which will distract from performance for a while, but I agree, some very good underlying investments, for me it’s a long term holding.
Nice bit of movement, hopefully the last 12 mths patience and buying on dips will start to pay off. UMG and Pershings 10% expected to be valued at around 18.50 euros a share as start, currently circa 25euros considerably raising the market capitalisation from 33.5 billion euros to the 44 billion region.
£3kpp........ £300k in Lloyds shares, either have a very big diversified share portfolio or big other things. I recall only a few months back the shares being around 23p....but that can't happen again.....can it?
not a good thing IMHO. Bit like insurance companies going into the estate agency markets in the early noughties, its not their business or area of expertise. buying 50,000 homes means 50,00 homes less available home for the general market.
Lloyds would be better concentrating on their so called areas of expertise, I read in the paper this morning over 30 Billion of funds under management have just hit the DOG fund list. The continued abuse of the customer is just staggering.
Perhaps the respective U.K. gov should have thought of this before closing girobank, or selling out of RBS…..it’s getting a bit tiresome watching how they keep wanting to dictate to public businesses how they should run their businesses and treat shareholders.
MTB….could be good advice to hold out, have had mixed results in the past on takeover shares, some shares stagnant for months only to drop and others benefited from a nice increase. I’m 50/50 at present whether o sell and paddle the canoe somewhere else. As PI’s we are just the fodder to these larger investors. Decision would be easier if other bidders, still nice result……just under 50% up over a few months….HAGWE
seems to have gone very quiet,I noted (RNS) a few big sales from institutional investors but not the normal chatter on bulletin boards when a bid comes in. it would be nice to see the result of the "material valuation increase". I originally bought these originally with a view to hold longer terms for growth and divs and to compliment and diversify my WJG holding (both doing nicely). Whilst nice to get a quick buck, unless they increase to 2.30 ish I 'd rather the deal didn't happen.
I have bought and sold this trust several times over the years and made handsome profits, but selling it last year (at a profit) was my biggest mistake. When the market dropped due to the pandemic I felt I need to keep some cash and took it from a profitable trust with a view to buying back in……….the share price doubled…..ouch. Bought back in last Nov, seen it go up 30%, down 30%, up 20% and now down 20%. I’ll never sell again, well diversified portfolio; recently had some great stocks gone to market in AirBnB and Stripe.
Nice pickup since the end of Feb, share increase despite going xd and being a contrarian fund. Not stellar but divi has maintained throughout and there are buybacks. I think there is a bit to go on the share price rise, especially if the fund get a bit of traction from new investors. Some good buys today.
All depends on the update Jan 19th I think....if good I think they will move up quite quickly to £2.25, at least that’s my target to sell a tranche, holding a few too many at present as taken the opportunity to average down. It’ll bring my long term average holding price to £1.55 ish, then fingers crossed they will look to restart the dividends.
And Lloyds pffff.