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ATST Alliance Trust Plc

1,230.00
8.00 (0.65%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alliance Trust Plc LSE:ATST London Ordinary Share GB00B11V7W98 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.00 0.65% 1,230.00 1,226.00 1,228.00 1,228.00 1,220.00 1,220.00 433,314 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 609.05M 599.67M 2.0906 5.87 3.52B
Alliance Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker ATST. The last closing price for Alliance was 1,222p. Over the last year, Alliance shares have traded in a share price range of 949.00p to 1,230.00p.

Alliance currently has 286,844,600 shares in issue. The market capitalisation of Alliance is £3.52 billion. Alliance has a price to earnings ratio (PE ratio) of 5.87.

Alliance Share Discussion Threads

Showing 76 to 100 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/5/2011
16:07
And to get rid of the expensive, loss-making FSA subsidiaries.
gilston
15/5/2011
22:20
Buybacks are spitting into the wind.

They need to increase the distributions to the shareholders by making payments out of the capital account.

deanforester
15/5/2011
10:16
Discount is still around 15%.

Buybacks are too small & half-hearted to get the discount down anywhere near 10% level.

Alliance need to do more to convince s/holders to oppose Laxey & Elliot. The share price should now be nearer £4.00 to gather support for management at the agm.

gilston
09/5/2011
07:22
Now about 1% of shares bought back and cancelled recently, mostly in the last 2 weeks.
I agree with Gilston's comments on the management - it really does look as if they have been asleep and have only been prodded into reluctant action by the Laxay actions.

huttonr
26/4/2011
17:21
More share buy backs. Alliance management getting off their backsides at last!
gilston
12/4/2011
16:26
Feeble stuff from the Board today on why they reject a DCM, which is now standard practice in most trusts. Laxey should win this argument, just as they have now won the scaling-up argument where the Board has backed down completely.

The Board also contradicts itself by presenting the modest little [less than 3%] share buy backs they have authorised over the last 3 years as something of a triumph for governance & s/holder value. Why then do they not buy back more?

If the Board & management really believed in their own competence, buying back the trust`s own shares at a bargain discount of near 20% to NAV should be a no brainer investment decision for them.

gilston
12/4/2011
15:34
Alliance Trust saw its net asset value per share rise 16.2% over the year to 439.0p, With full year dividend payments of 8.395p factored in the total return for the year was 18.7%. The full year dividend has been hiked by 3.0% from the previous year, representing the 44th consecutive year of dividend growth.
miata
11/4/2011
16:05
Elliot & Laxey do seem to be stirring things up, judging by the press reports over the weekend. The share price seems to have responded.

Tomorrow`s results & notice of agm will be interesting.

gilston
31/3/2011
18:40
New York hedge fund Elliott International buys 3% of ATST. They specialise in corporate restructuring so won't be buying this to get a little beta LOL. Hopefully they plan on joining forces with Laxey to stir things up ...
deswalker
10/1/2011
13:05
These laxey proposals for alliance trust are clearly in shareholders best interests and will lead to an immediate rerating of the shares. Anyone listening to the Board, who are simply protecting their troughs, must be bonkers. Vote with Laxey. All trusts that have undeperformed over a medium term time frame on a risk adjusted basis should do the same or similar whilst they underperform. All this idiocy some boards say re we are too small to do buy backs...well you wouldn't be if you had done your jobs properly would you?
motw
09/12/2010
13:22
Laxey launches Alliance Trust Shareholder Action Group Website

For further information, please go to the following website
www.atstaction.co.uk

andy1983
13/10/2010
11:46
the switch of invesstments from uk to far east seems to be working with nav up from 377 to 421.The fixed interest holdings yielding 6% should improve income too.
meadow50
19/4/2010
17:25
"The performance of Alliance Trust last year was in the lowest quartile of its peer group after the investment trust made a slow start to 2009. Net asset value in the year to 31 January 2010 improved by 16.8% to 377.7p, while the total return advanced 22.2%."
miata
01/2/2010
13:45
ards - I think romi is right. Apparently the Norwegian fund approached Alliance and told them they wanted out (not just of ATST but others ITs too). Alliance agreed to buy back the overhang rather than letting it drip into the market.

A fairly unusual circumstance and clearly important to maintain a relationship with such a big fund so a wise move to agree to the request by Alliance. But I'm not holding my breath hoping for any general buybacks in the market. Unfortunately.

deswalker
01/2/2010
13:36
romi

dont think so. see below major shareholders
Alliance Trust Savings Ltd 137,759,534 20.50
D C Thomson & Co Ltd 43,000,000 6.40
Legal & General Investment Management Ltd 27,155,896 4.04

ards
23/12/2009
21:22
If anyone is wondering why the disc on this trust and others ( eg Witan), is widening, it is because of large sales by the Norwegian Sov Wealth Fund. No one knows much of why they are selling.
romi2nikki1
19/10/2009
20:05
Noticed in the FT that they bought their own shares back for the first time in 121 years. I suppose they do need a better discount mechanism. I can't understand why other IT's can't do what Personal Assets manages to do and have a no discount policy.
topvest
19/10/2009
09:05
This w/e's FT article seems to have triggered some buying.
mangal
19/10/2009
08:48
Last week, Alliance bought in 4.85 million of its shares at 317p a share, at a full cost of £15.4 million. Even after this purchase shares in Alliance at 317.2p this morning, still stand on a discount of 17.4 per cent.

This is the first-ever buyback that the trust has undertaken and the company stressed that this did not represent the adoption of a discount control mechanism. Sporadic buybacks do not automatically enhance a share price but can stabilise the discount and allay investor concerns.

The discount seems particularly anomalous in this case, because not only did Alliance manage to raise its dividend over a rocky first half, but its defensive portfolio which was not shown to best effect at the interim stage has caught up strongly. So for the year to last week, Alliance shares are up 50 per cent against a FTSE World Index gain of 23.6 per cent and an average for the global growth sector of 36.7 per cent. In fact Alliance's performance puts it in the top quartile of its sector, ahead of such stalwarts as Monks Investment Trust, British Assets and Securities Trust of Scotland.

miata
15/10/2009
18:04
Better late than never. 18% discount is about 8% too high IMO.
deswalker
15/10/2009
16:47
Why is that a smart move now than in the low 200s?
scotches
15/10/2009
16:22
Just noticed ATST bought back some shares yesterday for cancellation !! Got to be great news for the discount.

Des (a happy holder)

deswalker
21/9/2009
20:59
Because they don't buy trash!? Chill!...long term this is a safe place for your money imo.
topvest
21/9/2009
10:02
What a dreadful performance reported today. How can they really be 6% behind the benchmark?
rhodesthomson
18/9/2009
08:08
I am lurking. Beware, this is normally a sell signal.
kbass
Chat Pages: 8  7  6  5  4  3  2  1

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