|Edinburgh Worldwide Investment Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
|Edinburgh Worldwide Daily Update: Edinburgh Worldwide Investment Trust is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker EWI. The last closing price for Edinburgh Worldwide was 591p.|
Edinburgh Worldwide Investment Trust has a 4 week average price of 541.50p and a 12 week average price of 532.50p.
The 1 year high share price is 611p while the 1 year low share price is currently 405p.
There are currently 49,004,319 shares in issue and the average daily traded volume is 75,987 shares. The market capitalisation of Edinburgh Worldwide Investment Trust is £298,436,302.71.
|topvest: Well I've just been reading the Annual Report. I'm not convinced by the new strategy at all. They seem to have just filled the portfolio with 0% yield disruptive technology companies that are already on very expensive valuations and loss-making. They have also indicated that the dividend is going after the final dividend not that it was that significant anyway.
I've held this from 2009 and it's done adequately (it's performed poorly next to Scottish Mortgage given it's risk profile) but I'm getting nervous about holding this much longer into 2015 given it now fails a number of my quality criteria. I've already reduced my holding on Scottish Mortgage which is exposed to a tech sell-off, but looks a better long-term hold.
I also think that Baillie Gifford could well hit a sticky patch, from an investment trust perspective, as many of their trusts have not really performed that well and are on large discounts. They certainly don't seem to be picking up new mandates or launching new trusts and are very exposed to expensive growth themes that are currently all the rage in the US tech sector. So, I will reduce or sell my small holding in these, hopefully above £4 given that this is a stock that should do well as we approach the New Year.
One point of note is that the share price appears in an interesting range and a break-upwards would no doubt be quite a bullish signal for a strong rise.|
Edinburgh Worldwide share price data is direct from the London Stock Exchange