Share Name Share Symbol Market Type Share ISIN Share Description
Investec H.I.T. LSE:ICH London Ordinary Share GB0030197460
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 31.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 1.5 5.5 5.8 8.82

Investec H.I.T. Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
10/7/2008
21:42
Yes they are broadly correct If you say that Cash and gilts are £4 and the nominal value of the put is £23m that equals to £27m just short of the combined bank loan and zero of £30/£31m. Some exposure as 40% of the portfolio is FTSE 10 and the put is FTSE 21 to 100 but gives comfort to ICH holders like myself, even if our dividemnds are about to be cut.
cerrito
10/7/2008
15:23
"The past quarter has seen a continuation of the bear market for `value' investors. Some sectors and companies have so far survived relatively unscathed but it is hard to believe that an economic slowdown will not spread far and wide. Against this background our investment activity has been fairly limited, though we have been net sellers over the quarter, raising approximately £1.2 million. Cash and fixed interest holdings now represent about 9% of the portfolio which, together with our put option, should approximately offset the financial gearing of the Trust."
kiwi2007
09/11/2007
15:27
Any obvious reason for this price slump, or just a steady seller? NAV still 82p+, if dividend continues at 6.5p p/a gives a yield of over 9%
martincc
18/10/2007
08:49
Tiltonboy & GlynneF My apologies. Out of curiosity what is the preferred nomenclature for referring to intrinsic value? Praipus PS thanks GlynneF for the ICH link and info.
praipus
17/10/2007
21:15
Praipus, IV = Implied Volatility. tiltonboy
tiltonboy
17/10/2007
20:26
Praipus, You can get details of this investment trust from the manager's factsheet : http://site.funddata.com/comprpts/2007/00138116.PDF the divis are quarterly and currently at 1.625p per qtr. It is not as secure as ECW. There are 2 classes of share - a ZDP with a fixed return if there are sufficient assets after repaying the debt, and the ICH holders get the rest plus all the income. So the terminal value of ICH will depend on the valuation of the underlying assets at windup, and the return is geared, so can move much more than the market, up or down. Wind up date is 20 Mar 09. regards, G.
glynnef
17/10/2007
18:58
Glynne, IV from your post 24, mean Intrinsic Value i.e. PUT option to sell at 6500 and market at 6000 would give the PUT option an intrinsic value of 500. There are other values Time, Volatility etc. Thank you for your comment on the JDT thread. To save a lot searching about is ICH a closed end fund and if so what terminal value do you expect to achieve with these? Are they like the ECW income shares? I like the quarterly dividend.
praipus
17/9/2007
13:51
Glynne, I didn't take it any further. tiltonboy
tiltonboy
17/9/2007
13:49
tilton, Did you ever find out more about the put option ? Seems even more valuable now. regards, G.
glynnef
31/8/2007
14:58
Tilton, IV ? I don't know what they paid for it. The contact in the RNS announcing it is Alistair Mundy, 020 7597 2000. In the latest finals as at 31st March it was in the top 20 assets at a value of £1.3m, and it was designed to protect assets of £23m. So I assume it is included in the weekly NAVs at a calculated fair value. FTSE100 today is roughly the same as at 31st March.
glynnef
31/8/2007
09:20
Glynne, I'm toying with buying some of these, as a protection for some short calls. The index at the time of the authority to take out the Put option is identical to now. Do you know the cost of the option and how it is accounted for in the weekly NAV figure. With IV having ballooned recently it is likely that the current price of the Put is similar to when it was taken out, even though 7 months have passed. tiltonboy
tiltonboy
29/8/2007
21:10
I hold some of these. FTSE100 put option provides limit on downside risk. Gf.
glynnef
27/2/2007
17:21
Well I sold out today purse tho it was just short of my target. I've been there b4 with others when I've been soooooo close to target and then it has moved against me but today's mkt action influenced me + divi is now only 6.5%.
m4m
20/2/2007
09:57
purse Yes when we reach 6520 on the Ftse or 100 with ICH (whichever comes first) as per reasons stated nearly a yr ago (post no. ten). It's easy to buy but knowing when to sell eh ? I always take note of support and resistant levels. from TH site Last week the conclusion was that the FTSE 100 was still on track to hit the 88.6% retracement. The 88.6% retracement is around 6520. We closed the week at 6420, about 100 points from the next target. A reader asked what is significant about the 88.6% retracement. In Fibonacci key ratios it is known as the square root of 78.6%, which in itself is the square root of the 61.8%. You can see for yourself what happened on the 38.2% retracement, the 61.8% and the 78.6% on the chart via the link below. http://www.tradertom.com/images/FTSE19thFebruary2007.png
m4m
16/2/2007
16:09
m4m Still targetting an exit at £1.00 or might you hang in a little longer.
purse
01/2/2007
08:56
RNS 29th Jan 07 Investec Hgh Portfolio Protection Investec High Income Trust Plc 29 January 2007 In order to provide some downside protection on the investment portfolio, the board of Investec High Income Trust PLC has authorised its investment manager to take out an at the money put option with a nominal value of £23m designed to protect part of the equity portfolio. The put expires in January 2009. For enquiries please contact: Alastair Mundy 020 7597 2000 Investec Investment Management Limited. Investec Hgh Dividend Declaration Investec High Income Trust PLC 25 January 2007 Third Interim Dividend - Year to 31 March 2007 The Board of Investec High Income Trust PLC has today declared a Third Interim Dividend on its Ordinary shares. The Third Interim Dividend is in respect of the year ending 31 March 2007 and amounts to 1.625p net per Ordinary share (2006: 1.625p). The dividend is payable on 22 February 2007 to shareholders on the register as at 2 February 2007. END
m4m
18/12/2006
14:26
It's well on the way to my target of 100 and then I'm out
m4m
05/10/2006
10:27
  Investec High Income Trust Plc As at close of business on 30 September 2006, the 10 largest investments in the Company's portfolio were: Top Ten % Gross Assets Royal Dutch Shell `B' Shares 4.53 BP 4.42 HSBC Holdings 4.04 GlaxoSmithKline 4.01 European Equity Tranche Income 3.92 Vodafone 3.78 Royal Bank of Scotland 3.42 Premier Utilities 2.91 Prudential 2.55 BT Group 2.48 36.06 For enquiries please contact: Martin Slade 020 7597 2000 Investec Investment Management Limited
m4m
12/4/2006
13:14
Dividend Declaration Investec High Income Trust PLC 11 April 2006 Fourth Interim Dividend - Year to 31 March 2006 --------------------------------------------------------------- The Board of Investec High Income Trust PLC has today declared a Fourth Interim Dividend on its Ordinary shares. The Fourth Interim Dividend is in respect of the year ended 31 March 2006 and amounts to 1.625p net per Ordinary share (2005: 1.625p). The dividend is payable on 19 May 2006 to shareholders on the register as at 21 April 2006.
m4m
10/4/2006
12:05
The Divi Yield today is still a healthy 8.3% I'm adding
m4m
10/4/2006
12:02
  Investec High Income Trust Plc As at close of business on 31 March 2006, the 10 largest investments in the Company's portfolio were: Top Ten % Gross Assets BP 4.73 Royal Dutch Shell `B' Shares 4.72 Vodafone 4.29 GlaxoSmithKline 4.29 Royal Bank of Scotland 3.51 HSBC Holdings 3.49 Premier Utilities 2.85 Prudential 2.59 European Assets Trust 2.26 BT Group 2.07 34.80 For enquiries please contact: Martin Slade 020 7597 2000 Investec Investment Management Limited http://www.investegate.co.uk/Article.aspx?id=20060404164600PC5A9
m4m
22/2/2006
07:20
purse I based my target on the long-term chart below with it likely that it'll take at least another yr to get there (imo). This bull mkt will be 4 yrs old by then and due for a pullback tho I'll be well pleased with the returns of this one should it play out to that end.
m4m
21/2/2006
21:58
m4m Why out at £1.00 ? Do you not feel that this can go higher. Although the spread does not exactly encorage investors.
purse
16/2/2006
20:33
100 is my target and then I'm out
m4m
19/1/2006
13:38
Let the trend be your friend until it bends at the end ;) I'm staying in for the longterm coz of the divi Dividend Declaration Investec High Income Trust PLC 18 January 2006 Third Interim Dividend - Year to 31 March 2006 The Board of Investec High Income Trust PLC has today declared a Third Interim Dividend on its Ordinary shares. The Third Interim Dividend is in respect of the year ending 31 March 2006 and amounts to 1.625p net per Ordinary share (2005: 1.625p). The dividend is payable on 24 February 2006 to shareholders on the register as at 27 January 2006.
m4m
Chat Pages: 2  1
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