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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eaglet It | EIN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 199.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 199.50 | 199.50 |
| Top Posts |
|---|
Posted at 17/3/2009 15:20 by gibbo6 Now the trust has officially converted into the Directors' Dealing Investment Trust (see for the RNS announcment) it doesn't look like a liquidation is going to happen in the near future. |
Posted at 08/10/2008 12:18 by gibbo6 i read the below quote in an article published in the Investment Advisor only 2 days ago. seems Knox are still going to go ahead with it.Mr Howard said the trust would be sending out a circular to investors detailing its plans for the new fund and offering them the opportunity to take part in the new trust. "The circular will explain the Directors Dealings strategy and the new investment strategy and give people the opportunity to have their shares back in cash." |
Posted at 03/9/2008 13:05 by gibbo6 Investment AdvisorEaglet trust moves over to directors' dealing strategy Oliver Good 10th March 2008 The new management of the £105 Eaglet Investment Trust has confirmed the company will be renamed and its strategy converted to a directors' dealing approach. The trust was the subject of an activist takeover in late 2007, by a group led by Knox D'Arcy Investment Management. It will now be called the Directors' Dealing Investment Trust. The small-cap fund was managed by Unicorn Asset Management until a shareholder vote installed three new directors on the trust's board. It had been rumoured that Knox D'Arcy planned to follow a directors' dealing approach investing only in firms whose directors are actively buying their own stock but the strategy had not been confirmed until now. Knox D'Arcy said the investment concept would deliver outperformance in both rising and falling market. "Directors are better informed than the market about the companies they run and therefore their share dealings outperform the market across the FTSE100, FTSE250, and FTSE Small Cap indices," a statement said. Knox D'Arcy said it had worked on the concept for three years with academics from Bristol and Exeter Universities. The research involved analysing all directors' dealings between 1994-2007 and the analysis contained 7.1m data observations covering 187,000 directors' trades, the firm said. A simulation of a small-cap strategy for the period 1 January 2000 to June 2007 demonstrated the Directors' Dealing Investment Trust would have returned 169 per cent, outperforming the FTSE Small Cap index return of 28 per cent, Knox D'Arcy figures showed. The new trust will invest in UK companies with market caps of more than £25m and the portfolio will hold roughly 40-60 stocks. In November, the trust's former manager, Peter Walls at Unicorn, queried the legitimacy of the directors' dealing approach, saying the strategy was not well tested. He also said there was little shareholder support for such a change in policy. The Eaglet investment trust returned 5.6 per cent over three years until 1 January 2008, underperforming the AIC UK Smaller Companies sector which returned 48.5 per cent, according to Morningstar. Knox D'Arcy said it would begin fundraising for the trust in the coming weeks, targeting IFAs, institutional managers and wealth managers. The firm said it aimed for the trust to be fully invested within six months of its relaunch. Read this article a while ago. Sounds interesting but what do people reckon on the chances of it being successful? |
Posted at 26/8/2005 08:39 by tole Came across this from citywire today - and I see a few here already. (If still in it) Looks promising.A snippet - "Eaglet holds nearly 60% of its funds in ten shares (see www.unicornam.com for further information), which looks a fair balance to achieve focus yet limit risk. I believe any investor needs very sound reasons to overweight classic cyclicals, also to challenge oneself as to why a share should be retained when the story changes adversely. If stop losses seem crude, a mental sense to cut losers still helps." "The beauty of smaller companies is that despite inevitable mistakes (investors must try to recognise early) there is potential to make multiples of your money. The trading balance and awareness required is a walk along a tightrope!" "Eaglet's portfolio turnover is low, which I respect with the caveat that no investor can be complacent about any underperforming share." "It is possible that bid activity benefits Eaglet's holdings, for example consolidation is expected among recruiters. My case for the trust's shares as a medium to long-term investment is however based on the odds that heavy losers are dealt with, the portfolio looks well-placed and trades at a discount. Management is substantially invested in the trust, has learned its lessons, and there is additional value from an experienced pro-active approach." Heres the top ten from 31st July - since I was having a look. 1 NSB Retail Systems 7.7% 2 Harvey Nash 7.3% 3 Robert Walters 7.0% 4 Solitaire 6.5% 5 Deltron Electronics 6.0% 6 Mears 5.0% 7 Compel 5.0% 8 Volex 4.7% 9 Thomson Intermedia 4.1% 10 Systems Union 4.1% |
Posted at 07/10/2002 10:54 by tday liveinhopePerhaps the investment world is - has - changed, so that the previous ways of making money on shares are no longer valid. I'm no pessimist, I'm 93% in cash - soon to be 100% - and I've made money on my shares, when I held them, over the last three years. But I see the world changing and I acknowledge that I have to change with it, or risk getting blown away. Deflation is coming. Not necessarily a bad thing in itself, but it is if you think like you thought in inflationary times. When the market - or rather investors - realise that deflation is a possibility, they will look back and say how expensive the FTSE was when it was 3,800. There are great opportunities awaiting the few who see deflation coming. |
Posted at 15/8/2001 16:26 by passfield Interesting to note that two companies (Pressac and Old English Inns) that Eaglet has substantial holdings in have shown large rises on bid speculation. When the market realises this there may be a few investors jumping back into EIN. DYOR, good luck etc. LP |
Posted at 09/3/2001 13:19 by ingrid hi Nulliusinverba, i hear what you say and caution is the way to play it in the current market conditions, i agree. I was just trying to point out to the private investor that is itching to put their money into shares, if they wish to invest in these turbulent times and have access to small caps they could do a lot worse than invest in EIN. The market has fallen a long way, and it may have further to fall but i think the general opinion is that 90% of the damage has been done. So to buy near the bottom of a correction like this in the current climate of falling interest rates which have a sizeable effect on small caps, has the potential for good returns over the medium term for me i am looking at next 6-9 months maybe longer, ing. |
Posted at 09/3/2001 11:45 by ingrid Hi Nulliusinverba, when the whole market drops as it has since Sept, some of the portfolio is bound to suffer, but just check out EIN NAV :- 30th sept 379p,31st Dec 420.82p and now at 28th Feb 454.17p. FTSE 100 30th Sept 6294 - 28th Feb 5918, TECHMARK 3734 30th Sept now 2303 @ 28th Feb . EIN is a small cap (average 32million MC ) value investor, so the companies with good earnings growth and good fundamentals will continue to do well what ever the market, as the above shows. Tech's good and bad have fallen and only the good will rise again, with his reputation and his own personal wealth at stake , Peter Webb has a lot to lose. Which he will be doing his up most not too. I feel he can pick the good from the bad both tech and non-tech which is more than i can say for me! With personal relationships with the companies EIN has shares in, he has the upper hand where private investors are concerned. We all know that small cap's have great upside potential and picking the one's that will succeed is tricky, and the downside can be disastorous to a small portfolio. When buying into a fund like this, you are buying into some companies that have been held for a while and their quality is finally being recognised while others are still unknown to the majority of the investing arena and will need a few more sets of figures before the penny drops, when the penny is going to drop is difficult to time, so you need to be in before hand. This is a plus where a IT is concerned. All this is my opinion, and i never buy and then not monitor it's progress, for anyone thinking of buying look at the stuff thats gone up as well as the stuff thats gone down, ing. |
Posted at 13/2/2001 22:38 by salar I have also been monitoring EIN and in particular reading the citywire articles which give a good insight. Like others I've thought of simply buying constituent stocks, but in addition to comment made in PhilJH's post above can think of the following reasons for going with EIN itself:-Webb visits his companies regularly, gaining knowledge no doubt denied to the average punter, and hence can make superior buy/sell decisions. - He, with other institutional investors, has access to placings/IPOs at prices we cannot obtain. - He is spending all day researching and refining his strategy, and has better all round access to knowledge. - To match his performance, you would not only have to buy the stocks he holds, but sell as he does (the difficult part). Some of Webbs sells have been very well timed -again, the benefit of more in depth knowledge I suspect. |
Posted at 13/2/2001 16:19 by maximillion Citywire is a great admirer of Peter Webb and EIN, along with a few others, scuh as Katt Potts (Herald) and (I think ATR), and some other miscellaneous 'shrewd investors'. Whether this faith is justified or self-selecting, I cannot really judge. EIN seems interesting, and has performed well, but this might just be a good run of circumstance.Trades at a premium. I don't hold EIN, though I'd like to. I'll be back if I have any harder data re. relative performance. Max the Pauper |
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