Monks Investment Share Discussion Threads

[peterbill] 21/3/2024 14:13

Anyone attend the PI forum in Edinburgh on Wed 20th? - Monks was on the agenda with Jon Henry, Investment Specialist Director speaking.

[peterbill] 25/1/2024 10:04

Top 10 Holdings

1 Microsoft 3.4%2 Martin Marietta Materials 3.3%3 Elevance Health Inc. 3.0%4 Amazon.com 3.0%5 Moody's 2.9%6 Ryanair 2.7%7 CRH 2.7%8 Meta Platforms 2.5%9 Alphabet 2.3%10 Service Corporation Int 2.2% Total 27.8%



Curently at a 12.2% discount to NAV
Annual Management Charge 0.43%

Overview

Monks Investment Trust aims for long-term capital growth which takes priority over income. This is pursued through applying a patient approach to investment, principally from a differentiated, actively managed global equity portfolio containing a diversified range of growth stocks.

[wad collector] 19/12/2023 21:42

Year ending well , not far off an 18 month high.

[essentialinvestor] 29/9/2023 13:43

14% discount to NAV, bought a small amount.
Obvs this will be hot hard if US markets are going to sell off.

[wad collector] 18/6/2023 07:25

Finals Tuesday.

[peckers56] 23/12/2022 13:09

Citywire report issued today. hxxps://citywire.com/investment-trust-insider/news/growth-stock-slump-prompts-ruthless-weeding-at-monks/a2405342?re=104183&refea=1793401

[wad collector] 06/12/2022 17:21

I picked up some more today at 990. The market is so volatile at the moment and I am sitting on so many losses from what appeared to be sound companies that I think this is less of a gamble. Still a gamble though....

[peterbill] 25/10/2022 17:23

Subject to shareholder approval and based on the current timetable, FTSE Russell anticipates the following treatment:

Tuesday 08 November 2022:

Expected announcement of the election results and terms.

FTSE Russell expects to announce confirmed index changes, subject to the timely announcement of the election results and terms.

Please note: Independent Investment Trust is expected to suspend prior to index implementation. In the absence of an active market, the close price will be updated to reflect the default option of stock terms in Monks Investment Trust until it is removed.

Friday 11 November 2022 (at the earliest, assuming two days' notice subsequent to disclosure of election results and stock terms):

Independent Investment Trust will be deleted from FTSE Russell Indices.

Monks Investment Trust will remain within its existing indices with shares increased in accordance with the election results and stock terms.

FTSE Russell will issue further notices confirming index treatment in due course.

[wad collector] 22/9/2022 20:04

Now trading at a pound discount to the NAV. Time to add?

[peterbill] 30/6/2022 15:02

from the annual report ...


Against a backdrop of rising uncertainty, the past 12 months have been disappointing in share price terms for Monks. In the main, the companies in the portfolio continue to perform well operationally and are financially robust. The Managers believe the portfolio holdings are well placed to navigate a period of rising inflation and remain resolutely reward seeking in their approach.

Portfolio turnover for the 12 months was 11% and the Company's invested gearing stood at 7.3% at the financial year end.

A single final dividend of 2.35p is being recommended, compared to 2.0p last year.

Over the period, 8,808,550 shares were bought back at a discount to NAV, being 3.7% of the Company's share capital, at a cost of £98 million. The share price ended the year at a 4.4% discount to NAV*.

Ongoing charges for the year to 30 April 2022 were 0.40%, down from 0.43% in the prior year.

Since the change in approach in March 2015 the NAV total return at fair value has been 147.8% and the share price total return 163.6% against the comparative index at 128.9%

[mozy123] 22/6/2022 20:07

ty sparrow - good to know

[sparrow357] 22/6/2022 15:45

@ Mozy
just watched most of the May 2022 Monks podcast
hxxps://www.bailliegifford.com/en/uk/individual-investors/funds/monks-investment-trust/ic-video/2022-q2-diversified-and-disruptive-growth-investing-in-a-changing-world-10011253/

17 mins in he said he had all his SIPP in Monks and schiehallion trust

[c3479z] 22/6/2022 09:36

went overboard on rapid growth a la scottish mortgage to try to emulate their performance last year, one hopes a more measured approach will restore a steadier performance.

[mozy123] 19/6/2022 14:10

Can anyone point me in the direction where I can find out how many shares the fund managers of the trust own?

Spendcer Adair and Malcolm MacColl?

[vacendak] 26/5/2022 12:16

MNKS should indeed be seen as "reassuringly boring", like FCIT, BNKR, WTAN, etc. Not that there is anything wrong with that. I am happy to hold some FCIT.

I am willing to bet that the sell-off has been amplified because of the manager's name. I also hold some USA and BGCG, both Baillie Gifford and let's say that I have some hefty losses to crystalise should I wish to!

[donald pond] 26/5/2022 08:30

I reviewed the top 10 holdings yesterday and it's notable that stalwarts and cyclicals are much higher up the list. Whether that's due to investing decisions or valuation changes is unclear but there's now BHP, a cement manufacturer, US healthcare insurance and "death services" in the top 10. Which is what I want to see: MNKS isn't supposed to be SMT lite

[peterbill] 25/5/2022 14:55

This is a reminder that "The Monks Investment Trust PLC - Diversified and disruptive: growth investing in a changing world" will begin on:
Date Time: May 26, 2022 02:00 PM London

[wad collector] 24/5/2022 20:42

Added at 930. As you say could drop more , but this surely will be back up in the next few yrs?

[1nf3rn0] 24/2/2022 10:18

Taken a few more. Sub 1000p now, but could go much lower, so drip-feeding rather than lumping in

[wad collector] 24/2/2022 08:50

Putin let me buy them at 1022 this morning , not much else good to be said.

[1nf3rn0] 22/2/2022 09:20

Back to pre-pandemic, I've started adding again. Happy to buy this one all the way down and all the way back up again.Got another 2 or 3 favoured funds which I'm applying the same approach to, using cash built up over the last 12 months ready for the next sell-off.

[wad collector] 21/2/2022 22:34

With Ukraine hotting up decided to knock a couple of percent off my limits. There may be a correction coming. And if not...never mind.