Blue Planet Share Discussion Threads

[praipus] 01/2/2007 13:16

Can someone tell me how the premium to NAV is justified? i.e. £2.52 share price £2.80 ish?

Trend looks too strong to short and the SP's premium too high to long or is it?

[midasmonkey] 31/1/2007 09:04

Big fall today, anyone got an explanation ? just a correction ?

[hoggetwood] 30/1/2007 19:46

pscambler: Useful - thanks. A QE Barnet name?

[pscambler] 29/1/2007 14:09

The NAV on the BLP shares (and I mean diluted NAV) is actually greater than that for BPW, while share price lower. IMO this is a true mismatch.

BLP is slightly more geared, but the opposite used to be the case so that's not the explanation.

Market Cap approx =. Director share holdings approx =

Spread - BPW tends to be a bit lower, but may be a function of turnover

Track Record. I think people are looking at the historic NAV and price rises w/o taking into consideration management is same and portfolio is very similar. There is also the historic link to building societies and BLP is 10 diff trusts. If that anomaly were addressed and some lip service paid to d/c reduction BLP would go up (other things being =)

For the record, I am short BPW as a hedge against a fall in my BLP warrants
Not working so far! Both will get hammered is there is a downturn esp in E Europe.

[carterit] 29/1/2007 13:13

Crikey - don't people realise that BLP and BPW have virtually the same holdings
currently,yet BPW is on a 15% premium to NAV,and BLP is on a 10% discount to NAV.Surely BLP is the one to be in currently.There is currently a £1.00 difference in shareprice,when 35p ought to be more like it.

Or am i missing something here.

[goldlocks] 27/1/2007 00:31

DavidBH
I sold all my BPW shares because they're at 13% premium now after they got some publicity. You can buy the same assets via BPFU at a 13% discount!

However the days of 30-40% discount on Blue Planet's trusts seem to be over.
More infor about share price and NAV on trustnet:

[davidbh] 24/1/2007 21:36

P.S. Anyone know of a NAV vs share price chart freely available?
Or what the share price vs NAV was at the time of the March price fall?

[davidbh] 24/1/2007 21:33

NAV now -12.1% on share price
Any thoughts?

[foster] 29/10/2006 20:54

Congratulations on a successful trade.
Investment is all about avoiding losses.
Other buying opportunities will always turn up.
Good luck with the next one.

[markth] 26/10/2006 16:25

Not quite, it was bid up to 238 at one point but hey, you never catch the absolute peak.

I am up 110% on my original investment (from last Nov IIRC) and that's a fantastic return.

[foster] 26/10/2006 16:25

Mark... stronger nerves than me! Looks like your timing was spot-on today.

[markth] 26/10/2006 16:02

Me too foster.

I bailed at 231 today.

[foster] 25/10/2006 13:25

I found out long ago that stop loss orders cannot be relied upon for BPW and BLP. When a price fall is steep the maximum market size becomes significantly reduced, perhaps to a only a few hundred shares. Apparently there is nothing the broker can do, and the stoploss fails.

I now trade BPW on the basis of discount. I buy when the discount looks wide relative to the NAV trend and sell when the discount approaches zero. I also have a conservative rule... I never hold any Investment Trust where the price is at a premium. BPW now appears to be moving into premium territory and I've sold.

[davidbh] 24/10/2006 21:59

markth
I have a sell rule: SELL rule = sell at -15% of buy price or of price relative to index fall (sometimes not easy to decide which to apply).
Now, considering the BPW share price history of the last 4/5 yrs (i.e. it recovers ) , I shall relax my rule.
Provided that the world situation remains as it is, of course .
PS I don't understand why a SELL order not going through. I shall ask my broker.
BOL

[davidbh] 23/10/2006 21:54

mm -Bought in again after May sale.
Risk/volatility index 289 (av.= 100)
So, whre will they be ?
Either up there above present level or down below.
That said, their 3/5 yr progress is v.g., I think.
But I won't re-motgage my house on the strength of that.

[midasmonkey] 14/10/2006 17:32

Anyone else hold these ? They seem to have recovered a lot, any opinions on where they'll be in six months, and why ?

[davidbh] 10/5/2006 21:59

Today's newsletter on co site gives NAV at 209.92 share price at 193.
In 1month share price = +7.2% NAV = +3.4%
Over 1 yr share price = +60.1 NAV= +145.9
Seems like share price races too far ahead of NAV, then correction.

www.blueplanet.eu.com

[midasmonkey] 05/5/2006 10:26

Anyone else hold these - any reason for the big recovery in the last 2 weeks ?

[cpettit] 18/4/2006 17:40

I am sitting on a bigger loss than I care to but all the reasons that I invested in the first place still apply. Slight drop in NAV today but I think I will be brave and sit it out!

[davidbh] 14/4/2006 22:25

easy74
Discount to NAV now -18% -which is good.
But will it fall further ?
Or will it stabilise and resume its upward growth after the unusual upsurge ?
I cannot answer that , or yr qu.
Maybe in 2/3 weeks/months.
All I can say is that I am holding, in spite of losses (having bought in in Jan 06).

[markth] 13/4/2006 18:39

110p. And I am right, just look at www.trustnet.com investment trust database to see the NAV vs. Share Price (i.e. discount) chart.

[cpettit] 13/4/2006 15:56

Markth, if you're right they must find their true value again before long.

[easy74] 13/4/2006 15:26

markt.....what price are u holding from?

[markth] 13/4/2006 13:24

As I said earlier, MMs are manipulating the price. Look at the NAV, which hasn't changed much recently.