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WTAN Witan Investment Trust Plc

248.50
-2.00 (-0.80%)
Last Updated: 15:50:45
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Witan Investment Trust Plc LSE:WTAN London Ordinary Share GB00BJTRSD38 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -0.80% 248.50 517,639 15:50:45
Bid Price Offer Price High Price Low Price Open Price
248.50 249.00 250.50 248.50 249.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 188.76M 181.48M 2.9265 0.85 154.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:55:43 O 3 248.92 GBX

Witan Investment (WTAN) Latest News (2)

Witan Investment (WTAN) Discussions and Chat

Witan Investment Forums and Chat

Date Time Title Posts
08/4/202408:52WITAN NEWS AND CHARTS48

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Witan Investment (WTAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:55:44248.9237.47O
14:54:25248.823,9949,938.03O
14:50:39248.5025,00162,127.49AT
14:50:39248.5018,80546,730.43AT
14:50:39248.504,97812,370.33AT

Witan Investment (WTAN) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Witan Investment Daily Update
Witan Investment Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker WTAN. The last closing price for Witan Investment was 250.50p.
Witan Investment currently has 62,012,982 shares in issue. The market capitalisation of Witan Investment is £154,102,260.
Witan Investment has a price to earnings ratio (PE ratio) of 0.85.
This morning WTAN shares opened at 249p
Posted at 25/3/2024 14:47 by sharesoc
ShareSoc is hosting a webinar with Witan Investment Trust #WTAN on 25 April 2024, 4:30pm which may be of interest to current shareholders or potential investors. James Hart, Investment Director will present an overview of Witan Investment Trust and a review of 2023. The presentation will last approximately 30 mins followed by a 30 mins Q&A, where you can ask direct questions.
To register:
Posted at 30/12/2023 14:37 by vacendak
Doing a bad copy/paste from the November factsheet:


3m 6m 1yr 3yrs 5yrs 10yrs
NAV-Benchmark Relative -2.4 -4.2 -1.3 -9.7 -21.8 -18.4

And they show the NAV, which usually looks better than the share price
I am usually in the camp of active funds and sneer at ETFs/trackers, but in this case I must admit that a pedestrian tracker of their so-called composite benchmark - they are not even able to find a mix to flatter their results! - would beat WTAN.

So, indeed: "What is the point of Witan?"
Posted at 03/7/2023 09:48 by vacendak
Good question about WTAN now being at 40% of the original share number.

The excuses for underperformance are boiler plate: "When one drives a car, they look ahead, not in the rear-view mirror" and other platitudes.

Good video otherwise, good questions and decent grilling.

As noted above, I have exited WTAN a while ago and remain happy with my decision. I got tired of the "we are on track to do better next quarter" music for years on end... and they are still playing that tune.
Posted at 02/7/2023 20:39 by sharesoc
In case you missed our webinar with Witan Investment Trust plc (WTAN), the recording can be found on our YouTube channel:
Posted at 11/6/2023 02:22 by sharesoc
ShareSoc is hosting a webinar with Witan Investment Trust plc (WTAN) on 27 June 2023, which may be of interest to current shareholders or potential investors. James Hart (Investment Director) will be presenting. You can register here:
Posted at 19/8/2022 10:32 by vacendak
Now underperforming over 5 years.

More excuses about Ukraine and "not being prepared for it" as if their benchmark was.
The lamest excuse being about the timing of their interim results, with the usual "the second half of the reporting period looks better than the first".

The article mentions that the buybacks are not going anywhere. The discount remains high.

The dividend, while increasing to keep the "dividend hero" tag, is no longer covered (however, the reserves are still strong, so it can go on for a while like this) and WTAN compares badly to its peers.

I would not be surprised if the Board began to make some noise, if not, they should.
Posted at 24/4/2022 17:12 by vacendak
Well, this is it. I have now sold and fully exited WTAN.
The latest factsheet was egregious in its wording to excuse bad performance.

"Whilst a wide discount (7.9% at the end of March) is
unwelcome, it may offer an opportunity for long-term investors and
affords the Company the opportunity to repurchase shares for the
benefit of our shareholders, who experience an uplift to the NAV of
the shares they hold."

Sorry, but a wide discount in this case it not Mr Market being wrong, it is the fund performing badly and running out of excuses.

As an aside, again in the March factsheet: While they kind of admit having realised that "it might be good to be at least a bit in Oil & Gas now", they are just too late doing so.

However, what took the biscuit was this:
"The other notable purchase was a new investment in the SPDR S&P Biotech ETF, an
Exchange Traded Fund designed to track the performance of an equal-weighted (as opposed to market-cap weighted) index of US biotechnology companies. This index has declined by over 40% since its peak just over a year ago, so appears to present an attractive entry point into a sector whose long-term growth prospects and specialist nature, make it an ideal candidate for inclusion within our Direct Holdings portfolio of specialist funds."

I did not mind their holding of some US tracker after having terminated one of the manager contracts and looking for another to replace them. This was a temporary measure. This one though is an "active" Investment Trust buying "passive" for the long term. So, no thank you, I could put this in my ISA on my own were I inclined to do it. As for the climate change obsession, I could just get one of those green bonds from National Savings instead of paying Witan for the privilege of seeing my money eroded by inflation but "doing good".

For the "Global/low risk/just beat the index" component of my portfolio I will now hold only FCIT (Foreign & Colonial). FCIT is also a piece of history and extremely liquid (offer/spread vanishingly small); while they are also getting a bit annoying with ESG/climate they still seem to ensure that making money is the first order of the day.
Posted at 17/3/2022 17:11 by vacendak
Another year and another "Sorry we got it wrong again and are still below the benchmark... we had aligned the portfiolio for more growth... blah blah blah... Omicron... Blah blah blah... Putin/Ukraine... Not our fault..."

From the AR: Over the past five years, three of them have been below the benchmark (the last two significantly) and only two above. 2017 was the last time WTAN did its job and beat the benchmark in a decent way.

Put the discount on top of that: The last time there was a premium was 2013. The competition has done better. FCIT (Foreign & Colonial) was issuing treasury shares, enjoying a premium, last year.

Getting pretty annoyed at the moment.
Posted at 21/11/2021 21:15 by sharesoc
In case you missed our webinar with Witan Investment Trust last month you can watch it here:
Posted at 09/9/2021 16:55 by octopus6
Useful WTAN info on a new doceo site - doceo.tv/funds/witan
Witan Investment share price data is direct from the London Stock Exchange

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