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Real-Time news about Blue Planet (London Stock Exchange): 0 recent articles
|erstwhile2: Also the russian bank bonds look valued in the NAVs at ludicrously low spreads - The NAV may be miles high compared to where their assets have real bids, so any apparent discount on the share price might not be a discount in reality......at best, I would say it is unreliable.
Let's also remind ourselves, the manager Ken Murray was described as an unreliable witness by a Scottish Judge in an investment trust court case. Now, for those of you not versed in legalese, this phrase is about as harsh a condemnation of a man's character as is possible in any court anywhere.
|romi2nikki1: 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.|
|carterit: 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|
|carterit: The share price of BPW didn't rise above NAV until approx 20/11/06.
Since then NAV has risen approx 10% and share price has risen approx 28%,and
yet the holdings between BLP and BPW have neve been closer in the 15 mths i've been following them both.
BLP NAV has also risen 10% during this period,but its shareprice has only risen 16% approx.|
|powerdrill: What were those big sells yesterday? will that affect the share price in the next week?|
|pscambler: 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.|
|davidbh: 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?|
|markth: 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.|
|cjw283: Easy74, on 24/2/2006 these were trading at a very slight premium to NAV. A month ago there was a 15.9% discount, nearly 30% discount 2 months ago. So I would think now maybe isn't the time to buy, unless you are in for the long term. In that case this is a good investment. The share price has been volatile lately and so I would think will remain so in the short term. The short term doesn't interest me. I bought these at launch when the company was called Cairngorm Demutualisation IT. They did nothing for years, but the dividends more than made up for losses. I'm still buying, but via the the savings plan. Low cost and makes short term volatility less relevant.|
Blue Planet share price data is direct from the London Stock Exchange