|Murray International Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Murray International Share Discussion Threads
Showing 26 to 48 of 50 messages
|These have moved back to a small premium. Great performance in 2016.|
|Really pleased I did not sell my MYI instead picked up a few more where can you get this sort of return today, it has been an excellent investment for me and I am sure will be for many years to come.|
Proposals to convert B shares to ordinary shares announced today. B share scheme closed in July.
|Anybody know the difference between these and the "B" shares (NYIB)?
I'm thinking of buying in and the "B" shares have a bigger discount.
|Top up time approaching... ? Don't know, have lost a bit of faith in Bruce. Perhaps he was just riding on the rising tide. The going gets tough and he is well and truly exposed. Hope not I want to have faith and the yield is so appealing|
|Started a new thread (August 2015) to get charts (ouch) and news (RNS).|
|Bruce has called the last 5 years wrong. Yes, he has a contrarian reputation but he has gambled and he has lost. The portfolio is effectively unbalanced ... big time. Yes a point of great value is approaching but only for new investors. Tough luck for LT holders and more so for recent purchasers who must be nursing big losses and severely disillusioned. Those who thought MYI was a means of preserving capital and enjoying yield/growth have now learned a lesson (myself included) about free lunches.
Still there is always the yield ... unless the dividend isn't cut that is.|
|If 900p is the 50% Fib then we are probably going to head sub 800p poss 750p.
Which would equate to a yield of over 6%.
Then again, one of the benefits of active management is that the manager can take "action" to stop the slide. We shall see if Bruce can push the correct buttons.
The price you pay for active manager with a contrarian style. Seriously massive punts on EM stocks esp Latin America which have gone south and still have much further to go.
Fine if you have the cash to buy in at that level.|
|Lowest share price in 5 years and trading at a discount hardly enhances Mr Stout's reputation!|
|Big fall here. What`s going on?|
|free stock charts from uk.advfn.com|
|Much of the share price under-performance is due to the evaporating premium. Perhaps we will even go to a discount before Stout strategies prove their worth in the longer term.|
|It's certainly underperformed recently, unfortunetly.|
|Re the above, I ought to add that I am a long term holder and fan of the both shares and Bruce Stout. I bought a further 500 today at 10.36.|
|The performance is reverting to the mean, the share price being back where it was a year ago. The premium has shrunk to about 4%, and you can buy the shares for 10.32 today.
Bruce Stout is a classical economist critical of UK and US economies, and of the behaviour of their central banks. Nevertheless many US and UK shares have done well this year, markets eschewed by Mr Stout. No doubt sticking to this policy will once again pay off in due course, but perhaps relaxing the economic rigour and spreading the equity net wider would get the NAV recovering faster.
One plus remains, nevertheless, and that is the continuing outstanding record of dividend growth.|
|I don't buy the great rotation story. If the central banks already own the bonds, they will not rotate into anything else. They will just sit tight on the bonds they have until redemption.
I'll have to look at RCP. The discount to NAV looks interesting, whereas the MYI premium is beginning to concern, given the risk of a correction soon.|
|Yes, question is where will the money go?
Rcp results today worth reading, imv.|
|I assume you are referring to Bruce Stout's view. Only central banks are buying (Western) government bonds. Clearly there will be a problem when they stop.|
|I see our great leader has a gloomy view of bonds,|
|They still carry on and deliver.|
|What The Experts Say
James Budden of Baillie Gifford said: "The fact that these trusts are still going strong suggests that they have been doing most things in the right way for their investors over the past 60 years.
"The standout trusts are Murray International and Scottish Mortgage, both of which have adapted well to modern times and have given strong returns to investors over the past five to 10 years. The former was well positioned for the 2008 downturn while Scottish Mortgage offers shareholders a stake in some of the world's most progressive companies."
Alan Brierley of Canaccord said: "Two of my favourites investment companies are Edinburgh Investment Trust and Murray International. Neil Woodford of the Edinburgh has put together a concentrated portfolio of predominantly UK companies that can deliver solid earnings and dividend growth, while Bruce Stout of Murray International has constructed a genuinely global portfolio of companies that have delivered the best long-term record of any open or closed-ended global equity fund."
Here's a couple of links about SCLP, one of the hottest stocks at the moment:
|Good write-up of MYI in current issue of Moneyweek by Merryn Somerset-Webb.|