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SCIN Scottish Investment Trust Plc

895.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Scottish Investment Trust Plc LSE:SCIN London Ordinary Share GB0007826091 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 895.00 882.00 889.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Scottish Investment Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/3/2024
13:40
Hooray! Free money - had no idea.

Can't remember how many I had in that a/c but have had a much smaller payment into another a/c, so quite possible had 29,000 there. Went fairly large on it ahead of JGGI merger.

Thanks.

spectoacc
15/3/2024
13:37
According to my broker it's a surplus on the pension scheme which is being distributed at the rate of £0.07555391 per share. So you must have held around 29,000 shares.
They have also said there might be a small amount more to come in late April.

apparition1
15/3/2024
12:05
Eh? Just got £2.2k "return of capital" from SCIN, a year and a half on - no idea why.
spectoacc
05/10/2022
14:33
Disappointing, but have exited the last of JGGI today. SCIN merger has simply meant JGGI going from a persistent premium, to a persistent discount, and moving from issuing shares to buying them back.

Febrile markets not helping, and have waited for this long for the discount to close, which it shows no signs of doing.

spectoacc
30/8/2022
07:44
HL have removed SCIN from being tradeable online, for no good reason that I can see - 2nd & final vote is tomorrow, should convert to JGGI shares on Thursday.

Edit - in fairness, they sent the below, not that other a/cs seem to be affected & the shares are clearly still trading:

"If approved, the winding up will complete on 31 August 2022. The new shares will be credited on or around 1 September 2022. If you want to sell your Scottish Investment Trust shares before it completes, you’ll need to do so before 4:30pm on 22 August 2022. "

spectoacc
12/8/2022
09:53
921p NAV yesterday, with JGGI on a c.10p premium. Am assuming the premium will come off once SCIN converts, but issuing equity isn't stopping it so the equivalent of c.20p onto SCIN conversion isn't impossible.

Say 940p - hence not a seller at 891p.

spectoacc
05/8/2022
14:39
Third time lucky for SCIN Board actually sticking to a timetable - well done them.

c.9p divi coming our way just before conversion too.

Yesterday's NAV 910p, JGGI trading at a premium.

spectoacc
03/8/2022
18:31
Pass but I brought some in it, time will tell if right thing to do
hindsight
03/8/2022
16:52
What was the reason for the dive to 800p in the closing auction?
typo56
20/7/2022
09:43
872p NAV yesterday. I mean, there's still a long way to go, and maybe the timetable will slip for a 3rd or even a 4th time, but.... More than happy to hold.
spectoacc
19/7/2022
09:08
68k at 820p just gone through, interesting trade - is surely money in shorting JGGI, longing SCIN, now the timescale is allegedly clearer. Who'd bet against it slipping once again!
spectoacc
08/7/2022
08:39
specto there is now an update with timetable rns
ali47fish
30/6/2022
13:53
"A meeting of the Bondholders will be held by videoconference at 10.00 a.m. on 29 July 2022"

"Provided that the requisite majority of Bondholders pass the Extraordinary Resolution, it is anticipated that documentation convening general meetings of each of SIT and JGGI to seek shareholder approval for the Transaction and to implement the winding-up of the Company will be sent out shortly after the Meeting."


So sometime in August - perhaps - or beyond.

Been really shoddy the way they've done this. Haven't remotely stuck to the timescales they stated, nor has there been much in the wsy of shareholder communication.

spectoacc
15/6/2022
17:31
Second quarterly dividend of 6.1p declared today. Payable 15 July, which is only two months since previous dividend paid. Perhaps suggests they expect merger to have happened by mid August?
income investor
08/6/2022
10:49
Yes, looked it up again and the quote was "..Around the end of Q2..", so if we go into July then fair enough. Just hope no big delays beyond that.
spectoacc
08/6/2022
10:22
Still no word on merger update. It was supposed to be delayed until end Q2, but I can't see it happening this month, given they still need bondholders meeting and shareholders meeting!
income investor
06/6/2022
07:26
Irrationally able to buy at 849.03p this morning on an 848/860 spread - rude not to add a few more.
spectoacc
30/5/2022
11:49
spec this is going to merge with a very good quality inv trust- so holding to merge i cant see anyone selling this
ali47fish
30/5/2022
10:12
898p NAV from Friday - and likely to tick up tomorrow. Just seems too cheap down here, & happy to be holding.
spectoacc
27/5/2022
06:00
Only thing I did notice is that whilst they have identical Top 10, in identical order, the ratios are slightly different - not sure why that is, gearing effect maybe?
spectoacc
26/5/2022
17:52
thanks spec- i wanted to increase my holding in jggi via the discount of scin! hope it works
ali47fish
26/5/2022
17:34
I did 5 in a row and then 6 in a row, thought I was contributing enough ;)

Have gone back in again - hoping won't be another delay to the end-June deadline, still no sign of the meeting/vote.

JGGI still a premium; SCIN still a discount. Am taking market risk - quite a bit of it - but seems a reasonable each-way bet.

spectoacc
26/5/2022
16:38
why the dearth of comments here?
ali47fish
18/5/2022
16:24
so adding, knowing the merger no yet completed is good - am i correct?
ali47fish
27/4/2022
07:24
More of a roller-coaster than planned, but still hanging in for the merger completion.

JGGI still issuing shares like mad, and on a premium. SCIN on a persistent discount.

spectoacc
Chat Pages: 6  5  4  3  2  1

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