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THRG Blackrock Throgmorton Trust Plc

579.00
-3.00 (-0.52%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock Throgmorton Trust Plc LSE:THRG London Ordinary Share GB0008910555 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -0.52% 579.00 579.00 580.00 582.00 578.00 580.00 213,850 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -10.2M -15.75M -0.1654 -34.95 550.5M
Blackrock Throgmorton Trust Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker THRG. The last closing price for Blackrock Throgmorton was 582p. Over the last year, Blackrock Throgmorton shares have traded in a share price range of 503.00p to 626.00p.

Blackrock Throgmorton currently has 95,241,492 shares in issue. The market capitalisation of Blackrock Throgmorton is £550.50 million. Blackrock Throgmorton has a price to earnings ratio (PE ratio) of -34.95.

Blackrock Throgmorton Share Discussion Threads

Showing 51 to 74 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
12/10/2022
07:44
Low costs, but is a c.5% discount enough for such a low-conviction IT? Looks like 3.3% is the largest holding (RS Group)?

We're clearly heading into turbulence/recession, I'd at least want a decent discount on it.

spectoacc
12/10/2022
07:39
Now more 50pc below ATH. The pain continues but I am starting to drip some money back in here.
lozzer69
14/6/2022
14:12
Still a few % above the recent May low.
essentialinvestor
19/5/2022
15:38
Hi Joe, bought 2 lots of 3i today and bought back some IMI I sold earlier on the week.


Unfortunately prudence does not always pay as sold 24,000 COA last week at 69.9,
around 78 pence was available for a time late yesterday - ouch!.

Really like COA longer term, thought China lock downs may have impacted their
manufacturing capacity, not the case.

Helical is 10% approx above my recent sell price.


Hopefully volatility throws up opportunities, good fortune.

essentialinvestor
19/5/2022
15:18
Well it's not hitting a new year low today which is a relief compared to many others. Decent results at Gamma today, one of the top holdings. I also topped up in that one directly.
1nf3rn0
13/5/2022
14:24
Spec,agree with your last post,the signs were there last year in small cap growth stocks,very poor decision making,should of unloading some of their expensive stuff & substantially reduced gearing, you sometimes have to question there motive,were they being to aggressive chasing fees. Unfortunately they've undone all the good work they achieved over the years.

EI,that's pretty much how i see things,sell some stuff in strong rallies & buy in strong sell offs. Be fearful when others are greedy & greedy when others are fearful.

contrarian joe
13/5/2022
13:38
Lol @EI.

Just looked through it, seems I have only LIO (bought this week) in common with them.

spectoacc
13/5/2022
13:10
Spec, when I saw ..an idiot's SIPP.. I thought will be holding a fair few of
these then!. Two it turns out, OXIG and YNGN. OXIG bought back in to this week.

As I'm dyslexic it may be more than 2 as it's a very long list!.


Joe, your above summary is bang on the money here, stuck it back on a watch list.


As per usual markets difficult to discern, are we looking at a protracted bear
market, which if so, should be punctuated by counter trend rallies. Or a very compressed
fall that reverses more quickly than consensus expects.

These days so much happens at 5 times your average speed.

essentialinvestor
12/5/2022
20:17
If anyone's interested, the list of all holdings as of 31st December is here:



Looks like an idiot's SIPP.

Guess it's the gearing, but going some to underperform the market when you largely seem to hold the market - concentrated it ain't. 74 holdings of 1% or less, basically a rounding error if one of them doubles.

Not a bad strategy for the managers tho - buy 100+ holdings, gear right up, then take 15% of any outperformance as a performance fee when the market's rising, and still get paid when, as now, it falls.

Want to like THRG, but the more I scratch the surface, the more I think it deserves a higher discount.

spectoacc
12/5/2022
15:26
Good call @contrarian Joe.

Is sobering reading the last Factsheet - to 31st March - where the NAV was 749p, share price 754p.

Today it's £5.50 share price and yesterday's NAV below £6.40 (& lower today, eg ATG off 5.7%).

Ability to short isn't helping them much, & nor is the gearing.

Not a holder - steer clear of ITs with performance fees. Performance is what you have a salary for.

spectoacc
07/5/2022
21:10
Fell over 65% last recession over 18 months with a 15/20 discount,it's growth orientated portfolio has an excellent long term track record with low interest rates being a real driver.Negatives for me is the high gearing of the fund which is acting as a double whammy & the landscape of higher rates & inflation.Personally think it's to early to buy other than a short term trade until a clearer picture emerges with interest rates,can't argue the case for buying small lots on bad days over a period of time though.
contrarian joe
06/5/2022
07:43
Im tempted but could get a lot cheaper yet ..might dip my toe in for a starter lot 🤔
dodger777
06/5/2022
07:25
Yes sounds like a very sensible plan. It has taken me a while to wake up to the new reality but I am getting there ......
lozzer69
06/5/2022
07:08
Give away prices here, sub 600p. What's not to like eh?
frederickbloggs
05/5/2022
20:08
Very good advice! I couldn't agree more, I think there will be downside. Nasdaq sell off could cause a ripple tomorrow and the bank of England talking about recession adds to the likelihood of reduced growth in the near term. But yes, I'll be regularly topping up and if we see a 20 or 30 percent drop then I'm buying.
jfinvestments
05/5/2022
19:48
This is one of a small number of trusts I'm drippig into during the course of this bear market. No rush to plow in big just yet, but a good time to start building a position. Could drop another 10% or 20% between now and the end of 2023. It should rise faster than most out the other side though so will pay to accumulate from here. Just make sure it's money you won't need urgently for at least a couple of years!
1nf3rn0
05/5/2022
15:38
Now more 40 pc below it's ATH. I know I will regret not topping up.
lozzer69
05/5/2022
13:14
Discount to Nav seemed like a good price for adding today. Sub 620p. I will consider this as my one of my Uk growth holdings which I will continue to add to during the volatility. When at a discount, at around this price or lower is a good bargain for a quality trust.
jfinvestments
08/3/2022
09:42
Had a nice little buy here around 626 yesterday. Very nice
frederickbloggs
07/3/2022
10:17
You're not kidding! Surprised it's fallen so far.
freddie101
01/9/2021
18:40
We enter the FTSE 250 on the 20th September.
killing_time
30/3/2021
06:55
Latest analyst interview with Marten & Co:
ga_dti
19/2/2021
09:06
THRG continues to be my best small company trust over last couple of years. The fact they have flexibility to short has helped during last year. I still think it's a good trust for long term.
lozzer69
29/2/2020
13:48
I hold six investment trusts in my SIPP, and they all took a severe bashing last week. THRG dropped a whopping 18.28% !!

In just one week the average drop was 17%, which is quite a bit higher than the global markets dropped in the last week. Not sure I understand why ITs suffered worse (other than travel related stocks) compared to other stocks and indices..

Anyway, here's the drop I observed on the 6 trusts mentioned above, in the last 5 market days only -

18.95% ATT - Allianz Technology Trust
18.28% THRG - BlackRock Throgmorton Trust
18.85% MNL - Manchester & London Inv Trust
14.86% PCT - Polar Capital Trust
13.69% SMT - Scottish Mortgage Trust
17.39% SSON - Smithson Inv Trust

NB the average 5 day drop across these 6 IT's is: 17% - quite shocking really!

basstrend
Chat Pages: 3  2  1

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