Share Name Share Symbol Market Type Share ISIN Share Description
Framlington Income Trust LSE:FRNC London Ordinary Share GB0006333545 CAP 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 157.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial - - - - 39.11

Framlington Income (FRNC) Latest News

Real-Time news about Framlington Cap (London Stock Exchange): 0 recent articles
More Framlington Income News
Framlington Income Takeover Rumours

Framlington Income (FRNC) Share Charts

1 Year Framlington Income Chart

1 Year Framlington Income Chart

1 Month Framlington Income Chart

1 Month Framlington Income Chart

Intraday Framlington Income Chart

Intraday Framlington Income Chart

Framlington Income (FRNC) Discussions and Chat

Framlington Income Forums and Chat

Date Time Title Posts
14/10/200718:13SPLITS - huge returns from Capital shares7

Add a New Thread

Framlington Income (FRNC) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Framlington Income trades in real-time

Framlington Income (FRNC) Top Chat Posts

Framlington Income Daily Update: Framlington Income Trust is listed in the General Financial sector of the London Stock Exchange with ticker FRNC. The last closing price for Framlington Income was 157.50p.
Framlington Income Trust has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 24,830,091 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Framlington Income Trust is £39,107,393.33.
washbrook: ASSETTS 30.6.03=£74.388 nav per cap share 116.25p share price 56p ASSETTS 9.10.03 =£79.223[+6.4%]nav cap share =134.59 [+15.7% share price 74p [+32.14%]
glen fiddich: Split Capital Trusts have had a bad press of late - but is there hidden value there which is being seriously overlooked? The Trusts in bother are ones which have invested in other trusts and, as the market turned south, they got caught in a vicious circle: their assets were falling and the assets in the trusts they had invested in were falling. Plus they were highly geared into the bargain. These factors magnified losses to the extent that many have gone to the wall. However, the good news is that these trusts only account for 30per cent of the Splits sector meaning that other trusts which haven't invested in their own kind have been unfairly tarnished. This spells opportunity writ large. There seems to be a fantastic opportunity available with the capital shares of Framlington Income and Capital Trust. This trust is made up of, as the name suggests, capital and income shares. The capital shareholders stand to split what is left of the pot after the income shareholders have taken their pre-determined slice at wind-up on September 30, 2008. The capital share price is currently 40p (although there is a near 30% bid/offer spread). That represents a whopping 60% discount to NAV. The hurdle rate (the amount the assets have to improve by each year to break even) is a paltry MINUS 4.5%. This means that the assets can fall in value by 4.5% each year to 2008 and you'd still get your money back. Obviously, anything greater than that and you'd probably end up losing the lot. On the upside, if the market didn't move for the next six years you'd be looking at an 18.4% compounded annual return (that's equivalent to turning £1,000 into £2,754). If the market goes up by 2.5% (that's the FTSE moving from 4,000 to 4,638 by September 2008) your £1,000 would be worth £3,944 at a compound rate of 25.7%. At a 5% increase, the FTSE would go to 5,360 and you'd get back £5,313 (32.1%). There are also projections for 7.5% and 10% but while they may well be possible, the above figures at least keep it real. The high returns are possible because of the high levels of gearing and the discount to NAV. If things improve only slightly, FRNC could head skywards fast. The other thing to consider is that there may well be significant price improvements within the next six years which would allow profit to be taken earlier at greater rates of return. The underlying holdings of the trust are basically sound. The largest holdings (which make up 40% of the trust) include Glaxo, BP, HSBC, Lloyds, Anglo Irish, HBOS, National Grid, RBOS, P&O and Shell. By their highly-geared nature, capital shares are a HIGH-RISK investment and you should only keep a small percentage in your portfolio. I recommend no more than 20%. However, they do represent a fantastic opportunity for spectacular returns if you have even modest growth expectations for the market as a whole over the medium term. Has anyone got any comments? Regards GF PS: My figures are from which is an invaluable source - well worth a look if you're interested.
Framlington Income share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V: D:20161026 17:12:26