Royal London Uk Equity Trust Share Discussion Threads

[rambutan2] 03/11/2003 01:32

supersonic, currypasty. and plenty of time to get there.

[currypasty] 02/11/2003 12:14

and the FTSE rising to say 5k in due course, will give a super-high NAV !

[rambutan2] 28/10/2003 13:44

these are super-highly geared. last weeks drop in ftse probably accounts for it.

[sportbilly1976] 28/10/2003 12:55

what did the managers do last week !!!! - NAV gone from 6.32p to 4.17p in the space of one week......

[rambutan2] 24/10/2003 12:14

sportbilly, you are mixing up the share classes. remember, there are annuity shares sandwiched between the zs and our ords. that money is theirs, being the divs owed but not yet able to be paid due to company act factors. it is those annuity shares which complicate the picture for our ords and make them more risky than an ordinary ord. hence, to some extent a big discount is warranted, at least until there has been some substantial nav growth to well cover the rights of the annuity shares. this is partly due to the BIG factor that the annuities have a life until 2021 and their entitlement to their div until that date overrides any rights of our ords. so, if the trust were to wind up in 2008, when the zs life finishes, there are another 13 years of annuity divs to be paid out before anything is left to the ords.

[sportbilly1976] 24/10/2003 11:59

Just reading throught he fundamentals - net cash per share of 14p !!

Does this include any allowance for what has to be paid to the prefs ??

Also, the divi of 4p per share paid in Nov 2002- i never received any divi!!

Anyone shed any light on these?

[sportbilly1976] 23/10/2003 12:27

curry,

certainly is...the NAV has beenb rising for over 2 months now, and sooner or late the spread on this will move to...a move upwards should be on the cards within the next 2week sif the NAV can rise uypwards towards 7-8p...

jason

[currypasty] 23/10/2003 07:52

ram... is it worth buying a few more ?

[rambutan2] 23/10/2003 00:11

patience my friends. this is a long termer. the point is that we all got in very cheap on the basis that things move up over the next 5 years. value will out in the end.

[sportbilly1976] 22/10/2003 17:04

NAV come in today at 6.32 pence per share....possibility of a tick up maybe.

the spread on this is what is making it soooo boring!!

[currypasty] 22/10/2003 14:21

Things are looking up... MMs paying 3p, and selling at full ask of 4.5. But who is buying? RLU must be the most boring share in the world, and only 3 or so of the whole of ADVFN BB post here !!

[currypasty] 22/10/2003 08:35

The 1m sell from aberdeen has just shown up. The good news (if your a holder) is that they got 3p for them, and the MM is holding them, no doubt to sell on ata tidy profit later.

[sportbilly1976] 17/10/2003 17:44

Having looked through the trades for the past week, all trades have been going through at about the 3.5p level - is that the selling price for this stock then at the moment - so why is the bid only 1.5p on the screen ???

[currypasty] 17/10/2003 17:13

AAL flogged a mil, presumably to the MM, ABN.

[currypasty] 17/10/2003 09:41

RNS Number:0061R
Royal London UK Eqty&Income Tst PLC
16 October 2003

London Stock Exchange Regulatory Announcement

Publication of Market Maker Holding under Rule 2302

Name of company: Royal London UK Eqty & Inc Trust Plc

Relevant security: Ord 1p

Member firm: ABN Amro Equities (UK) Limited

Percentage holding: 10.54%

As at close of business on: 15th October 2003




why is the MM holding 10% of the stock ?

[sportbilly1976] 17/10/2003 08:11

currently trading on a discount of 40% to NAV !!

[sportbilly1976] 14/10/2003 17:23

a large trade today >250k, yet still within the spread and without any raising of the offer price....

...come on Mm's !!

[sportbilly1976] 10/10/2003 13:39

despite trading at a discount to the NAV, they are still dealing well inside the spread....

[sportbilly1976] 08/10/2003 11:26

rambutan - many thanks, interesting article...

[sportbilly1976] 08/10/2003 11:05

NAV back to just under 5 pence....might see a move up on the price to reflect this??

[rambutan2] 07/10/2003 14:15

link to june 30 fact sheet for anyone interested...

[currypasty] 06/10/2003 11:43

NAV has slipped a bit recently

[sportbilly1976] 06/10/2003 11:32

A trade!

But only 3.59p against an offer of 4.5p !!

[sportbilly1976] 29/9/2003 15:33

hi,

have just looked at these after nearly 6 months - hold 12k bought at ave 2.91

looks like there has been some action over the past months...NAV heading in the right direction too...

will chat more in the weeks to come....

jason

[rambutan2] 24/9/2003 13:15

millenniumsteve, also worth following the jdt board which a general splits one. im not so sure about epm. doesnt the annuity shares priority mean that they are going to eat up the ords?