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Real-Time news about Premium Tst Cap (London Stock Exchange): 0 recent articles
|Premium Trust Daily Update: Premium Trust is listed in the sector of the London Stock Exchange with ticker PTTC. The last closing price for Premium Trust was 19.42p.|
Premium Trust has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 19,800,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Premium Trust is £3,845,160.
|praipus: mangal and slogsweep are you in anything else with a near redemption date and share price NAV discrepency?|
|praipus: NAV over 13p and share price at a 47% discount according to splitsonline.|
|praipus: Have traded options before but not index options and not a happy experience. Not unlike the Marconi debacle. That said I have been considering buying out of the money FTSE Index PUTS...or having a short CFD set up....all that said experience using Barclays and iii's CFD simulator taught me that I'm not an Index trader.
Have only committed funds I'm prepared to loose in their entirety. Plan is to hold till maturity adding as appropriate (i.e. while the discount is above 20%). On wind up shareholders usually get the opportuniy to take cash equivalent to NAV or roll into a new vehicle so will make a decision subject to terms and prevailing market.
Impressed that the market has been off 40 points and the share price has remained firm!|
|leading: A share price of 7p against NAV of 12.69p is a discount of 45% which is exceptional for a remaining life of less than one year. You would normally see the discount reduce as the termination date approaches.
However, this is explained by the level of risk as there is pretty high gearing with bank debt as well as zeroes and income shares. So, this share is very sensitive to movements in the index. Splits online suggest a return of 35% if the market goes up 5% this year or 190% if it goes up 10%. On the other hand, a small fall will wipe out your investment.
On balance, though, this looks too cheap. It is the biggest discount within split cap capital shares (apart from some very long dated ones) and the potential returns are the best in the sector. The price surely needs to catch up with the reported numbers. Not for widows and orphans, but looks worth a punt to me (so I have bought some).|
|glynnef: I made money out of PTTZ 2 years ago and moved into PTTI and still hold. When Mangal highlighted PTTC in post 244 of the old 2005 thread I thought it was worth a punt - yes I think it is more of a gamble than most.
The NAV as at Sept 23rd with 15 months to run was 8.34. It is now 12.69 with 12 months to run. The share price is about the same. Currently I have the terminal NAV worth about 4.5p ignoring windup costs, so think it should do OK on a fairly small rise in the FTSE100.
Premium Trust share price data is direct from the London Stock Exchange