Personal Assets Share Discussion Threads

[plasybryn] 16/6/2012 21:03

Told you we would attract them. Unbelievable.

[plasybryn] 16/6/2012 17:21

Pvb: probably is. Next we will have day traders, shorters, mm manipulation, e mails to directors, goodness knows what. Best we hibernate again!

[pvb] 16/6/2012 16:37

That's probably a bad sign!

[plasybryn] 16/6/2012 16:14

Never seen so many postings here!

[pvb] 16/6/2012 15:21

I don't 'do' unit trusts.

[40t] 16/6/2012 11:34

In that case, go for the similar (and similarly performing over 5 yrs - at lower volatility) Troy Trojan unit trust

[pvb] 15/6/2012 22:05

Answering my own question I see they've been strongly tipped by Merryn Somerset Webb in Moneyweek; same goes for RIT.

Oh Gawd! It's back to the 'old days' then. I look into a _company with a view to buying and immediately some so and so 'recommends' the shares and they zoom up before I even get around to buying.

[backwoodsman] 15/6/2012 19:12

which makes this recent rise - the upwards pressure on the share price has been evident for a few days - all the more intriguing, if not bewildering.

[backwoodsman] 15/6/2012 19:11

but these shares normally reflect the value of the underlying holdings. One of the attractive qualities of PAT is that there is seldom much by way of discount or premium - that is an objective of the Board and, I suspect, is very much appreciated by holders.

[flips] 15/6/2012 19:03

Answering my own question I see they've been strongly tipped by Merryn Somerset Webb in Moneyweek; same goes for RIT.

[pvb] 15/6/2012 17:57

Yes. I looked at it yesterday. I didn't buy.

I guess they hold banks?

[flips] 15/6/2012 17:38

anyone know the reason for the late jump in the price of PAT today?

[jimbo55] 20/12/2011 09:11

Thanks Backwoodsman.

[rrr] 19/12/2011 17:04

Well found backwoodsman, and good to know.

rrr

[backwoodsman] 19/12/2011 09:23

Here we are:

...we now hold our gold in physical form, rather than an ETF.

Reasons being that it is both more reassuring and also cheaper.

August 2011 quarterly report.

At the time gold was reported as comprising 13.5% of shareholders' funds.

All the best

Backwoodsman

[dab26] 18/12/2011 20:55

A large part of it will be physical anyway I'm sure...I attended the AGM in the summer up in Edinburgh and as I recall comment was made about how one of the options open to the holders of the ETF/fund through which they had exposure to gold was to take delivery of the physical and this was an option PAT had exercised.

Obviously if the exposure to gold has risen since then it might be that there is now a mixture of physical / ETF but I'd guess the preference from the board would be to to continue accumulating physical as and when any conversion was sensible.

Regards,

Dave

[backwoodsman] 18/12/2011 11:11

From their newsletters - I don't have them in front of me - they seem quite clear as to the costs of holding gold and I am left with the impression that it is the physical asset which is held.

[jimbo55] 17/12/2011 20:05

pip_uk, that's where I got the "Physical" Aspect from. I do agree with rrr now though - this could still denote an ETF. I personally just don't consider Gold to be physical unless it's in my own possession and I can see it.

I will write to the trust and attempt to get some clarification here.

[rrr] 17/12/2011 16:07

True, but some people regard ETFs as 'physical'. I see it's also 14.5%. So I'm still not sure which it is.

rrr

[pip_uk] 17/12/2011 13:36

You will see Gold as Physical.

[plasybryn] 17/12/2011 12:13

Personal Assets Trust: Great stock to hold in troubled times. Key objective is to protect investors wealth. Very long and distinguished history. Have a look at Capital Gearing Trust as well (CGT)

[jimbo55] 17/12/2011 12:10

I'll re-check that rrr. Pretty sure I read it was bullion itself in one of the annual reports.

[rrr] 17/12/2011 11:44

Jimbo: you say 'The one plus this trust has over the Trojan fund is, this trust holds physical Gold bullion (from what I recall from the last annual report I read).'

Not sure that's right: looking at portfolio on they seem to have 14.5% in 'ETFS GOLD BULLION USD'.

rrr

[phsycho] 16/12/2011 23:32

Thanks DAB, appreciate the help,

I have looked at the asset portfolio and am impressed by the comments on this BB. Call me Mr picky if you want but I am very spooked by the leverage on gold and other assets by the institutions, MF GLobal highlights the dishonesty that is out there. I am aware of hypothecation but didn't appreciate the multiples and I don't want to be fighting with others when gold starts to get called in, but this looks a good call over equities right now.

If anyone thinks otherwise please jump in, I think we all need help/advice in the current climate....