|Monks Investment Trust
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Monks Investment Trust Share Discussion Threads
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|Last 3 months of share price action with volume|
|Questor in the Telegraph ...
|blowing past that cons level|
|With the £ falling, Monks have received a boost in their share price ...
Mostly invested in international/USA markets ... to see the breakdown check the annual report below.
Monks Annual Report 2016
|Looks to be heading up again and still at a discount to NAV.|
|How Scottish independence affects investment trusts ...
Monks a Baillie Gifford global fund, is not listed as the trust is managed in Scotland but incorporated elsewhere.|
|Fairly good performance for 2013, 310p to 382p ish which is approx a 20% increase (for this year, so far)|
|A discussion on Monks over on Fool ...
I'll be staying with them as this is a long term investment.|
|Thanks for the correction and additional info there Darwenlad.
I've recently bought in and as votes of confidence go Smith's is certainly a large one|
|Dear Blue Bird, Monks' fund manager has just spent £1m, NOT £100,000 on increasing his stake in MNKS.
It ought to be a reassuring sign given that he chairs Baillie Gifford's Investment Advisory Group. Then again it might be a sign of panic given Monks's terrible performance this year. (It is highly unusual for fund managers, as opposed to Investment Trust directors, to publicise the scale of their investments in the funds they manage.)
I am a long-term investor and prepared to give MNKS' manager the benefit of the doubt for the moment. Over a 10-year period its performance is good, but its underperformance over 1/3 years may explain why it is trading at a 15.4% discount which is higher than its average and contrasts starkly with the rating of the two other global trusts in the Ballie Gifford stable:Scottish Mortgage (7.65% discount) and Mid-Wynd (2% premium). Even Alliance Trust is trading at a smaller discount than MNKS, and its long-term performance has been miserable.
However, if MNKS' performance has not improved substantially a year from now, then the trusts's supposedly independent board should be organising a beauty parade for a new manager, preferably from outside the Baillie Gifford stable.|
|Trading near their year lows,is anyone else following ?
The fund manager Gerald Smith recently bought just over 100k worth of shares so at least he seems confident !|
|Good on yer Peter.
|Opened a position here - would have liked to have got in a bit cheaper, but a good trust run by BG.|
|Bought some of these for the grandchildren, started about 5 years ago. Minimum investment £20/month direct to Baillie Gifford.
Hopefully it will be a nice little nest egg for them at 21 :-)|
|Bought some of these for the grandchildren. Minimum investment £20/month direct to Ballie Gifford.
Baillie Gifford is one of the UK's leading independently owned investment management firms. It is owned and run by 36 of its senior executives who operate as a partnership, a structure which has endured for over a century and which provides stability for clients and motivation for employees. It enables us to manage the business for the future as well as the present, with the emphasis on genuine longterm thinking rather than lurching haplessly between short term targets.
Monks - A history of the Trust
Monks was incorporated in 1929 and was one of three trusts founded in the late 1920s by a group of investors headed by Sir Auckland (later Lord) Geddes. The other two trusts were The Friars Investment Trust and The Abbots Investment Trust. The company secretary's office was at 13/14 Austin Friars in the City of London hence the names. Sir Auckland Geddes was a former Professor of Anatomy who, during the First War, had become Director of Recruiting at the War Office. He then went on to become a Unionist MP and a Cabinet Minister as President of the Board of Trade.
Monks' first investments included large holdings of railway and energy companies in the UK, USA, Germany, Australia and South America, and also investments in Chinese Government bonds and Hungarian bonds. The geographic split in the first year was 29% UK, 18% Europe, 13% The Commonwealth, 10% USA, 12% Latin America, 6% Asia, 2% Africa and the remainder in other international markets. Half was invested in ordinary shares and half in fixed interest stocks and preference shares.
In 1931, Baillie Gifford & Co took over the management of all three companies and Monks became a founder member of the Association of Investment Trusts in 1932, of which Carlyle Gifford, the co-founder of Baillie Gifford & Co, was Deputy Chairman. Before the Second World War there were two issues of debentures stocks in 1933 and 1935. By 1935 the UK portion had risen to 46% and investments in ordinary shares accounted for 59%. There were restrictions on foreign holdings during the Second World War, and by 1957 investment in the USA had increased to 31%.
In 1968, under a Scheme of Arrangement, the three trusts were merged with Monks acquiring the ordinary share capital of Friars and Abbots. Monks continues to invest on an international basis with a view to achieving capital growth.|
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