Montanaro European Small... Share Discussion Threads

[essentialinvestor] 02/11/2023 08:05

Bought a few.

[essentialinvestor] 14/8/2023 10:44

NAV discount opening up again, tempted to add a few but will wait on macro concerns.

[yogi] 16/2/2023 20:20

Recovering nicely?

[its the oxman] 16/2/2023 11:48

Wish I bought a lot more of these now.

[essentialinvestor] 23/9/2022 12:22

Bought a small amount.

[mozy123] 18/5/2022 10:17

Started buying here.

[its the oxman] 17/5/2022 16:54

Been doing similar on basis much closer to bottom than top now, bar Ukraine going nuclear , which I don't think will happen - and if it does it's game over and we will all have bigger things to worry about.

[its the oxman] 17/5/2022 13:27

Bought a few today, 10% discount to nav now and well of its high. Hoping it can't fall too much more. Must be close to the bottom now , surely?

[lozzer69] 24/1/2022 16:20

Down 10percent today which is a bit scary.

[dr biotech] 08/1/2022 15:14

Detailed, mostly positive write up in the IC last month.

[k8 rhm] 08/12/2021 20:53

Bought in here over the last few weeks, I like the balance. Whilst tracking, often noted the high volume traded too, popular, particularly today.

[dr biotech] 17/11/2021 09:10

Me too. Have more of these than any individual share, although my UK smaller companies holdings are somewhat larger. Quite like trusts as for me they are just buy and hold and I don’t think about what to trade.

[donald pond] 17/11/2021 08:52

I've been buying this recently and mentioned it at Mello Trusts and funds last night. Extraordinary long term performance

[lozzer69] 07/9/2021 08:26

Looks like same thing happened yesterday but corrected this morning

[yogi] 03/9/2021 20:44

Oh and thx lozzer for the response from the company - very insightful..

[yogi] 03/9/2021 20:42

Busy thread in last 24 hrs! Noticed the reduced price yesterday but ignored as the offer price was in line with earlier trading and Share pad which I use also takes closing offer prices. Creeping up nicely here over recent times - I also hold BRSC which is the UK equivalent and has a similarly nice trend line- good weekend to all..

[smithers] 03/9/2021 15:18

Thank you for doing the work and for sharing the very good explanation from Montanaro regarding the price anomaly.I continue to hold MTE and will probably add

[lozzer69] 03/9/2021 13:27

I emailed Montanaro and got this explanation by return which was impressive. ......I have spoken with Cenkos, brokers for MTE, who have stated there was an anomaly of a poorly executed trade, not representative of the underlying ongoing price development. The company has been especially successful over the last year in particular of having a much closer price and NAV correlation than its history, but also versus its peers.The anomaly was due to an 'unlimited' sell order placed in the closing auction, of around 2000 shares. Whoever placed the order should normally have put a limit on this, to avoid this outcome. At 16.30 - 16.35 there is an auction and if there is insufficient demand at the market level at that time, then the trade, when placed this way, can force an unnatural 'crossing price'. Unhelpfully the closing auction is taken as the closing price, but is in no way representative of the price during the day, week or indeed today. Hence the price was instantly corrected at 08.00 this morning.

[smithers] 03/9/2021 11:02

very odd indeed.

[lozzer69] 03/9/2021 10:23

I thought that but just checked LSE and FT and both show a 5pc flash crash yesterday just before the close. Seems very odd.

[smithers] 03/9/2021 10:08

Probably ADVFN using last trade of the day price which was a UT trade at 2030p

[lozzer69] 03/9/2021 08:16

Now up 5.9pc this morning! Not sure what has happened but seem to be back on track.

[lozzer69] 02/9/2021 17:28

Down over 5pc today. Anyone got any ideas why this has happened??

[yogi] 13/8/2021 21:21

It is a bit - been a holder for about 18 months and topped a number of times since. Many of the investment trusts have limited comment but perform very nicely over time. Good luck and enjoy the ride..