Blue Planet Share Discussion Threads

[undervaluedassets] 25/11/2011 11:05

it just gets worse.

an investment trust run by fools that only fools would buy.

No wonder they are in malta.

[topvest] 09/10/2010 14:45

This is a very poor investment trust; unfortunately, I still hold some shares. A couple of pointers as to why it is so poor:

- Last year, they purchased £119m of equities and sold £115m for a £5m loss versus net asset value of just £10m and opening gross assets of £15m.

- There is no dividend and high debt levels.

- The investment management fee was £336k which was up on last year and way too high, particularly as Blue Planet also charge a £100k admin fee.

The high transaction levels (10 fold the asset base, meaning they are turning their investments every month) and high costs are sucking this one dry.

Very poor, particularly given they made the wrong calls on numerous occasions. They are just a bunch of expensive speculators in my opinion. Best hope is that they make a couple of lucky positive calls and we can ditch-out when times are better, that's if they don't suck this one dry first!

[carterit] 29/7/2010 11:08

Yep - i finally saw sense and got out in at the end of Oct 09,after their mini rally from Mar 09 petered out.I had made money from them in 2007,but held on to too many for too long. Having initially warning that the financial system was imploding 2 / 3 years back - this fund (as UVA above points out) continually seems to swap from 1 type of assett to another,but at completely the wrong time - and currently appears a great contrarian indicator.

...and i finally decided that i seemed to be doing a better job than him,in losing less of my money,and i just started to get so frustrated that they were doing the opposite of what i wanted to be doing on several occasions.

So in these troubled times,i try and sit with a decent % in cash,and put my money to work in the 3 x leveraged ETF's on the NYSE eg EDC/EDZ (Emerging markets bull/bear),CZM (China Bull),TNA (small companies bull),and FAS/FAX (Financials Bull / Bear).

Ironically,i see this fund even invested a small % in the financial bear 3 x leveraged ETF (ie FAZ),at the time i invested in the Bull (FAS),and i know who is currently happier.

I can generally just hold these from just a day or so,upto 3 / 4 weeks,and make far more - with a 50% swing over a period of a month not being unusual.

[undervaluedassets] 28/7/2010 12:28

And now mr murray has contrived to be in mostly in cash during july's massive rally in financials - way to go!

[undervaluedassets] 21/7/2010 13:47

This fund has now begun to go down on days when financials go up.

Think that those in the know are quietly selling and getting out.

The discount gets wider and wider... Not a sign that this is bargain. But rather that the wiser rats are leaving this particular sinking ship.

[undervaluedassets] 21/7/2010 10:15

this from the last monthly fund fact sheet:

"In April we became complacent that the effects of the stimulus, particularly as it remains in place in the US, and the strength in the Asian economies, would continue to spur global growth and corporate profitability and drive markets higher,
for somewhat longer, and we reinvested in the market. This was a mistake. Despite markets having a series of minor rallies, the current trend in equity markets is down this year and we see major risks ahead of further sharp market falls."

Well a little humility at last BUT.....

THIS LOT HAVE NO CLUE

WORST KIND OF SHORTERM TREND CHASERS AND GAMBLERS WITH INVESTORS MONEY.

HORRIBLY HORRIBLY DANGEROUS TO YOUR WEALTH.

READ SOME OF THE MONTHLY FUND UPDATES ON THEIR WEBSITE AND YOU WILL GET AN IDEA HOW BAD THIS LOT REALLY ARE. THEY HAVE NO CONVICTION AND NO ABILITY OF ANY KIND WHEN IT COMES TO INVESTING .

IF YOU HAD INVESTED IN 1997 YOU WOULD BE DOWN MORE THAN 50%.

TIME AND TIME AGAIN THEY CALL THE FINANCIAL MARKETS WRONGLY BOTH ON A MACRO LEVEL AND IN RESPECT OF INDIVIDUAL HOLDINGS .

MR MURRAY IS HORRIBLE HORRIBLE CLUELESS GAMBLER (OR HAS BECOME ONE)

[isa23] 14/6/2010 20:39

The managers should be ashamed of themselves! They were 70% in cash during the Feb-Apr rally, then a near 50% gearing mid Apr just as the market started plunging, then selling out at the lows again in late May just as the market is turning up. Now that's what I call Genius!! and in the meantime charging 3.5% plus in management fees. Daylight robbery?? Stupidity incarnate? They have them all...

[weemonkey] 19/1/2010 10:20

rubbish rubbish rubbish really awful pile o' cack

[joeycooper] 26/10/2009 15:58

One of the very best performers, yet no comments!

[carterit] 04/9/2009 13:38

A nice 16% bounce in NAV this week.

On our way back at last ?

Heres hoping anyway.

I was a bit too early in jumping in here,but with averaging down, now back in profit.

[werock] 25/11/2008 19:24

Nice rise. I should have taken nearly 0.1% of the trust. Would cost only £7K a few weeks ago.

[romi2nikki1] 28/10/2008 09:45

The discount as widened dramatically in the past few days, even by historical patterns. I m rather with erstwhiles opinion re NAV.

I have in the past twice emailed BP on links to URSA share price, and got no response. Interesting that Murray very robust about Ursa in the Aug letter. nothing in the Sept letter and a switch to India.

[watwungyi] 17/10/2008 19:47

it's rare to have a business managed by the owner himself. this is one of them. i am impressed with his assumption on western economy since last year and this stock is worth buying. set up a montly saving plan and just added a bit more in time for dividend.

[carterit] 18/9/2008 22:10

Still here - just a bit shell shocked at the moment.

Murry seems to have called it spot on,pity he didn't keep his powder dry for a few more months though.

Hopefully when the ship turns around,it will be quicker than most right here.

If you look at you can get monthly updates on the Blue Planet funds,and they are actually quicker than most at making the updates available,usually by about the 8th or 9th of the month for the previous month.

[pawsnjaws] 18/9/2008 18:38

Hi

I saw Mr your Mr Murray interviewd yesterday on Bloomberg, this is the first time I have been intersted in BPW and it was purely because he talks common sense in a financial world going mad....
The interview re emphasised the points made all along by BP and that they would NOT be investing in any Financial Institutions with the exception of India/Russia for the forseeable future. With my limited knowledge I wondered about investing in a BP fund, but am disappointed at how little information there is.
This thread died in July - is this because you all left or just busy elsewhere.

[isa23] 24/7/2008 16:05

Hi Carterit, since I did the switch, BLP is up %12 while bpw is down about 10%, so the trading on the basis of discount does make sense after all

[carterit] 22/7/2008 11:21

I know.Thought about doing the same,but BPW seems to perform the best,and at one stage early last year was at a premium to NAV of about 15%.BPW seems less liquid than BLP,and seems to get the bigger increases - so i'll stick with it and see how we go.

[isa23] 22/7/2008 09:55

I've sold out of this & switched into blp. The underlying holdings are pretty much the same but BLP is on a 22% discount whereas BPW's discount has almost fully disappeared.

[hindsight] 21/7/2008 21:18

Thx carterit, much appreciated

[carterit] 21/7/2008 18:36

The article referred to his warning in April 2007 that we were heading for the worst banking crisis in decades led by a tsunami of bad debts he forecast for US Banks.

It laos mentioned he positioned his owns funds defensively,moved a significant portion to cash and avoided any banks with sub prime exposure - and thought that they would be able to weather the storm - but they didn't.They still got clobbered.

He has started moving back into the market since June.

He has once again been tempted to invest in UK high st banks (Barclays being one).

Banks are no longer lending at crazy interest rates and low valuations.

Bad debts are rising and could continue for to rise for 18 mths.

The freeze on inter bank lending rates will have unfrozen in 6 to 9 months,and there'll be a lot more liquidity in the market by then and as "money markets unlock,credit will increase and interest rates will fall relative to base rates"..

"In essence,this is a fantastic time to be getting involved with the banks and in terms of share price,we are near the bottom.But people must understand we are not near the bottom in terms of the credit cycle"

Inflation will stem demands for loans and growth on loan books will be less vigorous.

He also slams the Fed for extending the flood of central bank money to investment banks,and reckons a fair portion of this money has ended up as speculating on metls and oil.

He reckons 80% of the recent 100% increase in price of oil is down to speculation.

Reckons bams in the west face lower growth but are oversold,and despite his optimism reckons semerging market investors may yet see a fall of upto 25% in the price of financial shares