Share Name Share Symbol Market Type Share ISIN Share Description
New Star Investment Trust LSE:NSI London Ordinary Share GB0002631041 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 98.00p 95.00p 101.00p 98.00p 98.00p 98.00p 1,371.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.9 0.2 0.3 363.0 69.60

New Star Investment Trust Share Discussion Threads

Showing 126 to 147 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
28/10/2016
19:23
Duffield's 77, he could easily live to be 100. Actuarial tables alone say he has another almost 10 years, and why would his death lead to a winding up? Priorities at NSI may change, but generally heirs seem happy to keep ITs going (look at the plethora of "family wealth" trusts around). "...The fund also provides a steady stream of fees for his new venture and it is not cheap. On top of the basic management charge of 0.75% there is a performance fee of 15% of the growth in net assets over 3-month Libor plus 1% subject to a high watermark. There are also the fees charged by the managers of the underlying funds, hence the ongoing charges figure of 0.93%." Performance fees always rankle, but 0.75%/0.93%? That's one of my cheaper ITs. Of course be lower, particularly as a fund-of-funds, but there's ITs out there charging 1.5% basic, and some inc performance fee getting up to some really daft levels. NSI isn't an outlier on fees. I'm a fan of NSI - I like "cheap" - and it's true that one day the discount should come in, but I'm expecting it to be the same in 7 years time as it was 7 years ago, and as it is now.
spectoacc
28/10/2016
17:40
hTTp://masterinvestor.co.uk/funds-and-investment-trusts/new-star-investment-trusts-33-discount-beckons/ Not too unreasonable to have a tender 10-20% above current price
jhan66
28/10/2016
05:43
Maintaining more or less the same NAV discount. One day, it'll close.
spectoacc
27/10/2016
20:00
nice little climber recently
luckymouse
11/10/2016
12:06
Up again today, tracking NAV - 136p month-end will have improved a little with £ tank. No nearer seeing any kind of return, but still get a warm glow.
spectoacc
17/9/2016
19:44
hxxp://www.ftadviser.com/2016/09/16/investments/investment-trusts/new-star-trust-triples-returns-KApY3uV9hu1nMygwTtKEfN/article.html Nothing new.
jhan66
16/9/2016
09:13
I would love to see their definition of the word independent.
edwardt
16/9/2016
09:12
The directors have discussed various options to reducing this discount, but have not yet found a satisfactory solution. This is being kept under continual review by the independent board. these statements are almost laughable....
edwardt
16/9/2016
06:31
Can't recall where I found that FO Crux rise but clearly incorrect Nevertheless still 33% discount on some of the most stable, liquid investments around. Ungeared & secure. I wonder what it would take to make this share price behave realistically. I do find it irksome that they keep using the expression 'your company' it manifestly isn't.
jhan66
25/8/2016
06:07
It's still a good investment because you're buying at such a discount, and it's risen with the NAV (ie the discount persists, but the share price rises with the NAV). But it's certainly "different" - one day the discount will close, but that could be 20 years away.
spectoacc
25/8/2016
03:09
In normal circumstances this would be a good investment. FP Crux European (12% holding) is now up 45% in a year Fundsmith (9%) up more than 30%
jhan66
16/8/2016
13:45
Lol yes - waiting for God, just not waiting for him for me.
spectoacc
12/8/2016
13:46
Unfortunately they don't "have" to do anything whilst Duffield's around - there's been no interest for some time in lessening the discount, despite occasional weasel words from the managers. Most of us in are in for the long haul.
spectoacc
12/8/2016
10:00
Nice chart here (recently) - They have to do buybacks or crystallise & return a profitable investment if you want the nav gap to sharply close - either that or become a pension sipp favorite by putting in a steady LT climb Management need to be a little more aggressive in both depts perhaps
luckymouse
11/8/2016
14:33
NSI hardly alone in this, but it's still within 1% of 12 month average discount - ie the rise is justified by the NAV increase (with no doubt a chunk of that due to £ weakenss).
spectoacc
09/8/2016
05:55
Agreed @coolen, though "something" will change eventually..
spectoacc
08/8/2016
21:24
Plenty of reasons for a large discount, with no sign that anything is to change. I suspect it is a shrewd IHT ploy: given the share quote, how can HMRC dispute that 120p per share of wealth is worth anything more than 85p ?
coolen
08/8/2016
10:35
"..Pretty accurate & liquid NAV" is a good description, even if the "liquid" part doesn't apply to us shareholders! But it's certainly an unusual discount play in the genuine/realisable nature of the NAV (eg vs smallcap ITs, where valuations are done on bid, but trying to sell their holdings in any size can be impossible).
spectoacc
08/8/2016
09:00
6% increase in NAV. Happy enough with that, makes for 35.5% discount which should hopefully reduce a little this month. I prefer to view it the other way around, we need a 55% share price increase just to catch up with a pretty accurate & liquid NAV.
jhan66
03/8/2016
15:17
Well done @tilts, "always leave some on the table for the next guy" (in this case hopefully me ;))
spectoacc
03/8/2016
12:56
coolen, Those sales were mine, and finished me off...just got bored, but made a decent profit!
tiltonboy
03/8/2016
12:13
Looks like another nav increase is expected in the next day or two
jhan66
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