Alliance Share Discussion Threads

[analyzer] 19/6/2006 10:54

Now holding 600 ATST; market up, ATST down but SAT up !!

[jonwig] 16/6/2006 10:35

The NAV on 14 June was 3720p.
So at a share price of about 3400p, that's a discount of 8.6% which is on the low side.
An article in Sunday Business a couple of weeks ago had an IT discount chart for the last few years, and the discount on ITs is probably widening.

If I can still find the article, I'll post it up.

[deswalker] 16/6/2006 10:31

the price action of this stock seems to have changed completely since the merger was announced. whipping about much more these days and offering short-term trading opportunities. whatever happened to the slow and boring ATST ? :-)

[analyzer] 16/6/2006 10:04

V strange prices on ATST this morning, spread all over the place, collected another 100 at 33.00. Was it triple witching time with quarter future expiries ?

[analyzer] 16/6/2006 09:51

Added another 100 at 33.50

[analyzer] 16/6/2006 09:26

Now down; seems an anomaly

[analyzer] 16/6/2006 07:45

Should add another £1 at least today with everything else up worldwide

[analyzer] 15/6/2006 17:54

Up another £1.40 today; not long to go before merger/share split, should be up more before and after 21st. IMHO

[analyzer] 14/6/2006 22:52

Dow up on flight to quality; ATST up £1 in sympathy

[analyzer] 13/6/2006 17:47

Managed to pick up another 100 at 31.85; a bargain ...... IMHO !

[analyzer] 12/6/2006 08:06

Thanks jonwig, and welcome Des; I have quite a few holdings in various of the main Global ITs; I try and ignore them from my trading portfolio so I have something to fall back on when it all goes wrong ! My pension is with FRCL, been delighted with performance over last couple of years !

[deswalker] 11/6/2006 14:28

I'm also in these and SAT. Pleased to see the merger thus consolidating my holding and providing better liquidity. My core IT holdings post merger will be ATST and BTEM. Together they form 12% of my portfolio.

Thanks for setting up the thread.

Des

[jonwig] 11/6/2006 09:30

Hi analyzer.

Largest ITs:

1...FRCL £1.9bn
2...ATST £1.7bn
19...SAT £0.5bn

- so the combined AT will be comfortably the largest.
I think FRCL was, at one time, admitted to the FTSE100, but that didn't last.
Currently you need a MCap of £2.9bn to knock on the door.

As far as 3i goes, it's easier to exclude it from the IT classification.

(Info above from Sharescope.)

[jonwig] 10/6/2006 09:17

Hi, analyzer.

Have held (plus Mrs JW) SAT for nearly 20 years - PEPs, ISAs, etc.
Always pick up some more when the discount widens badly, as it does in bear phases.
The 'stodgy' image suited me, as this could be relied on if my riskier stocks did badly.
The merger and share split should help marketability and awareness, but I wonder whether the 'new' (reasonably) manager will go for the kind of gearing levels which some other trusts use. I'm tempted to hope not, as this lack of gearing is one thing which has distinguished ARST and SAT from the rest of the pack.

[analyzer] 08/6/2006 09:04

Just added more at £32.35, now holding 200 via CFD with a buy limit order for another 100 at £32

[analyzer] 08/6/2006 08:32

Just taken a small position at £32.70 via CFD, will add as merger/split approaches

[analyzer] 08/6/2006 08:31

Followed Alliance Trusts for many years via different forms of share plans. With share split and merge with Second Alliance due around June 21st, this looks a bargain right now.

[rambutan2] 03/10/2005 10:42

significant development...

3 October 2005

Two leading SIPP providers joining forces to take advantage of growing pensions
market

Alliance Trust Savings (ATS), a financial services company that is among the top ten providers of self-invested personal pensions (SIPP) in the UK market,
announced today (Monday) it is acquiring Wolanski & Co. Trustees Limited (WACT), in a deal that will create a top five SIPP provider.

The deal will bring together two of the most experienced companies in the
rapidly expanding SIPP market, uniting their complementary skills. Demand for
SIPPs is expected to grow sharply after next April when new rules will lift
restrictions on who can hold a SIPP and greatly expand the range of assets
people are allowed to hold in these pensions.

ATS will acquire all of WACT's SIPP and SSAS (Small Self-administered Scheme)
administration business, and approximately 50 people who work for the London-
based company will now form part of ATS's staff. The deal, to be signed shortly, will make ATS one of the largest SIPP providers in the UK by number of members.

Alan Harden, Chief Executive of Alliance Trusts said, "By taking the combined
strengths of both companies we have an excellent fit of two different yet
complementary companies. We look forward to building on the strong combination
of the excellent customer service, administrative expertise and focus on fair
value of ATS, with WACT's reputation for quality, sophisticated relationship
with professional advisers and specialist property skills."

"This deal is a first step towards our aim of becoming the country's foremost
SIPP provider. Joining forces allows us to increase the depth of our expertise,
the breadth of services we can offer and the channels through which you can
acquire them. We are delighted that Hyman Wolanski, a founder of WACT and one of the country's leading experts on SIPPs, has agreed to become a senior member of our team," Harden said.

While ATS is known for its simple, transaction-based plans, WACT receives most
of its SIPP business through professional advisers and one in ten of the SIPPs
it has opened this year contain commercial property, in which it specialises.

Hyman Wolanski, Managing Director of Wolanski & Co. Trustees Limited, is to
become a director of ATS and will direct the future development of its pensions
business. He is a Fellow of the Institute of Actuaries and a graduate of the
London School of Economics. He has also represented the Association of
Consulting Actuaries on the Government's Consultation Panel on Scheme Funding.

Hyman Wolanski said, "Our companies see the opportunity to grow far faster and
better if they can grow together. Like ATS, we are convinced that we have an
exemplary product but we knew that we would have to invest substantially in
technology to take full advantage of the enormous opportunities ahead. This deal allows us the best of all worlds because we can go on giving our professional advisers and SIPP and SSAS members the quality service they have come to expect, while enhancing the combined offer for the long term."

Wolanski & Co. Trustees Limited will become part of ATS continuing to operate
its own SIPP and SSAS schemes, and its scheme members will enjoy the same terms
and conditions as now. ATS, which is based in Dundee, will keep the London
offices of Wolanski, and there will be no job losses. No relocation is planned.

The actuarial and consulting business, Wolanski & Co is outside of this
transaction and will continue to operate unchanged as a separate firm.

[yangou] 13/11/2004 08:19

So has anyone taken a look at the chart recently. I bought some after I looked at it this week. Also NAV away above the share price.

[pvb] 05/8/2004 16:16

The consesus view in the media (uhmm...) is that Global ITs in general are now on 'good discounts'. So perhaps this is an opportunity - or then again perhaps not! Who knows?

I thought the Alliance Trust scheme allowed you to also buy cheaply into some FTSE companies as well as their own IT?

pvb