Diverse Income Share Discussion Threads

[tiger20] 27/1/2014 08:24

Great results continue to hold buy on weakness

[philo124] 27/1/2014 08:13

Thanks missed that.

[1957chris] 27/1/2014 08:00

Nice 1/2 year results.

[philo124] 19/12/2013 10:55

Bought 10k for SIPP, now just forget about them.

[philo124] 17/12/2013 17:01

Just got a note from Edison by email and this is now on my watchlist.
You guys have done pretty well.

[tiger20] 15/12/2013 14:13

Diverse still going strong up 20% since my last comment in July/August also I see that Gervais Williams has placed a put on the portfolio in case of major sell off.

Continue to buy at around 79p

[1957chris] 29/11/2013 09:49

I love this share. No bulletin board mania - just the steady drip drip of success.

[drewz] 22/10/2013 15:50

Back on track. Good old Gervais.

No autumn market sell-off this year?

I thought the US debt mess may have sparked a 20% correction.

[tiger20] 14/8/2013 20:25

Company Information just announced today Diverse Investment Trust

The Company holds a widely diversified list of 107 holdings. The largest 40
stocks in the portfolio are listed below. It will be noted that most holdings
are around 1% of the portfolio. On occasions, when the risk/reward ratio
appears particularly attractive, some holdings are purchased to take them up to
around 1.5% of the portfolio. With differential share price moves, some of
these holdings can move up to slightly larger percentages. However, the overall
volatility of the portfolio has been well below other trusts in the UK Growth
and Income sector. In part this is related to the wide diversification within
the portfolio, and in part to the naturally lower volatility of higher income
stocks, especially those with strong balance sheets.

Over the year under review, the Company delivered a total return of 40.7%.
Generally the Company was largely fully invested throughout the period,
although the borrowing facility was not greatly used.

There were two C share issues in the period and the new capital was typically
invested in similar stocks to that of the original fund. Once at least 90% of
the new capital had been invested, then the C share portfolio was merged with
that of the parent. This process ensured that shareholders' returns were not
diluted by the additional capital raised during the year.

The Company launched on the Stock Exchange on 28 April 2011. Since that time,
on a price basis, the FTSE All-Share Index has delivered a rise of 10.1%. The
FTSE SmallCap Index (ex IC) rose by 23.9%, although the FTSE AIM All-Share fell
by 20.8%. The price return on the Company in the period was 29.4%.

Portfolio
The portfolio is invested in a wide range of individual stocks that together
offer the prospect of good and growing dividend income. Although there are some
in FTSE 100 Index which we find attractive, they are fairly limited in number.
For that reason the portfolio has only 6.3% of its capital invested in these
stocks. There are a greater number in the FTSE 250 or MidCap Index and
therefore the Company holds around 23.0% in this area of the market. Overall,
around one-third of the portfolio is invested in the largest 350 stocks, which
implies that around two-thirds is invested in the remaining universe of some
2,500 quoted stocks.

Gervais Williams and Martin Turner
Miton Capital Partners Limited
14 August 2013

PORTFOLIO INFORMATION AS AT 31 MAY 2013

Rank Company Sector & main Valuation % of net Yield¹
activity GBP'000 assets %

1 Greencore Food Producers 2,979 2.2 2.9

2 St Ives Support Services 2,939 2.2 3.7

3 UK Mail Industrial 2,756 2.0 3.7
Transportation

4 Fairpoint² General Financial 2,692 2.0 5.0

5 CML Microsystems Technology 2,574 1.9 0.9
Hardware &
Equipment

6 Beazley Non Life Insurance 2,353 1.7 3.5

7 Charles Taylor Consulting General Financial 2,352 1.7 5.4

8 Abbey Protection² Non Life Insurance 2,284 1.7 4.2

9 Randall & Quilter Non Life Insurance 2,218 1.6 6.6
Investment Holdings²

10 Bioventix² Pharmaceuticals & 2,197 1.6 4.3
Biotechnology

Top 10 investments 25,344 18.6

11 4imprint Media 2,167 1.6 3.1

12 SQS Software² Software & 2,042 1.5 2.1
Computer

13 Novae Group Non Life Insurance 1,909 1.4 4.1

14 Dairy Crest Food Producers 1,875 1.4 4.3

15 Staffline² Support Services 1,871 1.4 1.9

16 BT Fixed Line 1,870 1.4 3.1
Telecommunications

17 Interserve Support Services 1,861 1.4 4.2

18 Zotefoams Chemicals 1,848 1.4 2.6

19 888 Holdings Travel & Leisure 1,841 1.3 4.5

20 KCOM Fixed Line 1,820 1.3 4.9
Telecommunications

Top 20 investments 44,448 32.7

21 Brown(N) General Retailers 1,748 1.3 3.0

22 Secure Trust Bank² Banks 1,739 1.3 2.9

23 Hansard Global Life Insurance 1,704 1.3 8.6

24 Wilmington Media 1,689 1.2 4.3

25 Personal² Non Life Insurance 1,679 1.2 4.6

26 Huntsworth Media 1,676 1.2 5.8

27 Hilton Food Food Producers 1,667 1.2 3.4

28 Cineworld Travel & Leisure 1,664 1.2 3.6

29 Vodafone Mobile 1,645 1.2 5.3
Telecommunications

30 Consort Medical Health Care 1,624 1.2 2.4
Equipment &
Services

Top 30 investments 61,283 45.0

31 Cranswick Food Producers 1,621 1.2 2.7

32 Segro Real Estate 1,607 1.2 5.5

33 Amlin Non Life Insurance 1,597 1.2 5.8

34 TalkTalk Telecom Fixed Line 1,588 1.2 4.6
Telecommunications

35 Berendsen Support Services 1,555 1.1 3.3

36 Catlin Non Life Insurance 1,549 1.1 5.9

37 Nationwide Accident² Support Services 1,511 1.1 7.6

38 Cable & Wireless Comms Fixed Line 1,500 1.1 6.0
Telecommunications

39 Provident Financial General Financial 1,494 1.1 5.0

40 Silverdell² Support Services 1,468 1.1 1.2

Top 40 investments 76,773 56.4

Balance held in 67 equity investments 50,926 37.5

Total equity investments

[tiger20] 08/8/2013 18:49

Shares in Divi portfolio continue to go up with the share price not moving much.

Would expect at least a 5% increase in share price from 69p upto 72p or greatersoon

[ryandj2222] 31/7/2013 21:46

Also been in an out of some japanese trusts lately, SJG, JPS, BGFD. Not quite timed those right and only made a small bit.

Anyway... back on topic...DIVI

[ryandj2222] 31/7/2013 21:44

Thanks - I will have a look at those ones that I've not hear of.

I agree, TIGT not that amazing, but it's a slow steady one and with dividends reinvested has been ok for me. FPEO quite a nice one as well, they changed to income and growth as opposed to mainly growth sometime last year.

I must admit I don't know much about VCTs either but this BVT and also BDV (from the same company) have good yields fairly consistently. I only have a tiny holding but again dividends reinvested pay off.

[tiger20] 31/7/2013 20:56

ryandj2222

I have just had a look on sharescope at TIGT nice yield but lacks a bit of umph

FPEO nice chart done well and 18% discount will probably buy some of them 2.4yd

Baronsmead dont know a lot about VCT so usually avoid I held GRE Graphite earlier in the year,and made some money.

[tiger20] 31/7/2013 20:44

I have a number of Investment Trusts my core ones are
Edin-PLI-FGT-BIOG-FSC-FCS -FRCL- EAT-HSL- JEO I recently bought BRWM I have done really well over last 18 months (like everyone else)

[ryandj2222] 31/7/2013 16:47

Thanks Tiger. I guess there may be some slight differences if they change holdings, reduce / increase, buy/sell before the announcements are made in the RNS, but you are probably fairly accurate. Might explain the share price rise lately.

It's only a couple of % of my total portfolio too but noticed it creeping up a fair bit lately.

Out of interest, do you hold any other investment trusts? I like BIOG (biotech), TIGT, EDIN (in a child trust fund), FPEO, BVT (private equity).

[tiger20] 31/7/2013 16:00

I have the Divi portfolio of leading shares listed & each weighted in % of portfolio and look at the overall fluctating total price of the portfolio daily.

You are correct that NAV is around 66p it has been like this for a few days, meanwhile the shares are up in value by about 7% over the last couple of weeks but the portfolio share price price has only slowly followed.

I may be wrong so do your own research-I do think there is a lot more to come out of this share at the moment its less than 5% of my portfolio.

[ryandj2222] 31/7/2013 15:52

tiger - I thought that DIVI the portfolio value is the Net asset value, which is today 66.71. How do you make it 74 p?

I'm not saying you are wrong, just interested to know how it's worked out. We are at a premium to the NAV at the moment.

[tiger20] 30/7/2013 17:36

The share price needs to catch up with the recent rise in the portfolio which I track share price now 69p should be nearer 74p very soon

[tiger20] 30/7/2013 14:04

Results soon-should be good

[catsneck2] 25/7/2013 23:29

Not a bad month at all, steady as she goes. Be nice to get past 70p

[ryandj2222] 22/7/2013 14:43

ANd a nice jump up today!

[catsneck2] 22/5/2013 17:30

I know what you mean Chris, it's been a bit static, but I think as long as the market in general is on the up, this share should be OK

[1957chris] 21/5/2013 13:37

That is good news - I was thinking of moving on but I'll hang around a little while longer !