ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ICH Investec H.I.T.

31.50
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 31.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 31.50 GBX

Investec H.I.T. (ICH) Latest News

Real-Time news about Investec H.I.T. (London Stock Exchange): 0 recent articles

Investec H.I.T. (ICH) Discussions and Chat

Investec H.I.T. Forums and Chat

Date Time Title Posts
10/7/200821:42Investec High Income Trust31

Add a New Thread

Investec H.I.T. (ICH) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Investec H.I.T. (ICH) Top Chat Posts

Top Posts
Posted at 10/7/2008 21:42 by cerrito
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.
Posted at 09/11/2007 15:27 by martincc
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%
Posted at 18/10/2007 08:49 by praipus
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.
Posted at 17/10/2007 20:26 by glynnef
Praipus,

You can get details of this investment trust from the manager's factsheet :



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.
Posted at 17/10/2007 18:58 by praipus
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.
Posted at 31/8/2007 09:20 by tiltonboy
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
Posted at 20/2/2007 09:57 by m4m
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.
Posted at 01/2/2007 08:56 by m4m
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
Posted at 18/12/2006 14:26 by m4m
It's well on the way to my target of 100 and then I'm out
Posted at 12/4/2006 13:14 by m4m
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.
Investec H.I.T. share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock

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

Support: +44 (0) 203 8794 460 | support@advfn.com