|Gartmore Absolute Gwth&inc Tst
||PFD INC SHS 1P
||EPS - Basic
||Market Cap (m)
Real-Time news about Gart.Absol. Pfd (London Stock Exchange): 0 recent articles
|glynnef: GTMP NAV heading south as GAGZ plods north. But GTMP share price is unchanged.
I am only interested as a GAGZ holder and BSOI holder, but I think something has to give soon on the GTMP share price. Its true value must be largely down to the expected dividends.
|glynnef: Can anyone explain how GTMP can be worth 21p ?? I sold all mine at 23p and 20.6p, having enjoyed the big divis and the big share price rises since December.
It all seems to hinge on the dividends and future growth. A third of my proceeds are currently in GAGZ.
|glynnef: The growth in total assets since 31/10/04 has been remarkable. From 22.14M to 22.55M as at 28/1/05, having paid a divi costing 1.33M on the way! That's about 7.8% growth in 3 months. Or 3p for each zero plus 8.2p for each GTMP share. It is not very clear to me what the investment portfolios consist of that are generating this return as the largest sector in the latest factsheet portfolio breakdown is "Other assets/liabilities including cash" at 34.8%, followed by investment companies at 19.3%.
Oops, have just confessed to investing in something I don't understand !!
A double divi of 4.875p per GTMP looks possible for April.
|rambutan2: finals must be out before too long.
from the bsoi interims out yesterday...
With the receipt of the funds we discussed earlier, we purchased good quality
geared ordinary shares such as Exeter Financial, Small Companies Dividend,
Premier Utilities and Schroder Split. We have also taken positions in the
income shares of M&G High Income and Premium Trust each of which is an ordinary
income in nature, having positive hurdle rates to recover their redemption
value. Another investment made in July was that in the preferred shares of
Since the end of the period Gartmore Absolute has returned to the dividend
list, not only boosting the share price of our holding but also providing a
useful fillip to the revenue account. The company will initially distribute
7.3125p of the preferred dividends that are in arrears, equivalent to three
quarterly dividends which is the maximum allowed under company law.|
|duncescap: I'd say they're about as worth buying now as immediately before the announcement.
Valuing them as approximately an at the money option, a marginal bird in the hand's worth about two in the bush. 7.3125p has just transferred from the bush to the hand, an increase in value of about 3.5p. Which isn't far from what the share price has done.|
|rambutan2: weve hit a new post-bust share price high today at 16-17p.
with nav as follows...
GARTMORE ABSOLUTE GROWTH & INCOME Ordinary Income shares 0.0p
GARTMORE ABSOLUTE GROWTH & INCOME Preferred Income shares 24.1p
GAGIT SECURITIES PLC Zero Dividend Preference 141.9p
CONSOLIDATED TOTAL ASSETS £22.83m|
|rambutan2: and of course, the sort of embedded value in these ie the rev reserve (although we all know that its certainly not guaranteed) has also risen to 14.6p. so usefully above the current share price.
judgement, perhaps you could put this link to the splitsonline info sheet in the header.
also, i noticed from garts own latest fact sheet (see header) that mr williams did some profit taking in april which should have pushed us nearer to our div/tipping point.|
Gartmore Absolute Gwth&inc share price data is direct from the London Stock Exchange