|Royal London Uk Equity Trust
||EPS - Basic
||Market Cap (m)
Real-Time news about Royal Lon Tst (London Stock Exchange): 0 recent articles
|rfaustin: I received cash toaday, 14.51p per RLU share. Is this correct?|
|praipus: I believe your money may be safer with RLU and ECWC than many other places.
*Quality underlying holdings
*Markets ticking up
*Control holdings (i.e. were the fund has influence Ecofin with BWG)
*Market sentiment against them or lagging due to historical price movement i.e. RLU market down in 2000-2001 and Dividend suspended, ECWC take a look when they were first listed at a £1 they went in to the USA the market dived so did their NAV and the share price went to 25p UIL bought in !!!)
*Active institutional share holders (i.e. looking after your interests by proxy).
*ECWC assets in demand from Oil money and Private Equity.
*Share price discount to asset value gives some downside protection.
Sorry to go on but this is my favourite subject.
Ordinary means undated with voting rights and usualy a dividend too.
That said I believe the Divdend has been suspended here on the Ordinaries and the Annuity shares though a one off payment was made in December I think.
You would be wise to check the RNS and obtain a copy of the annual report to check the facts.
The annuities are a bit strange as they are owned by the management who are also supposed to be serving the interests of ordinary and ZDP share holders. So they are probably in breach of something and liable to get repaid and out the way in due course.
The ZDP (Zero Dividend Preference) shares which accrue capital and not income get repaid in September, 2008.
So with the above in mind at some point these could get the dividend reinstated and the discount reduced and the share price fly.
|currypasty: RNS Number:3566Z
Royal London UK Eqty&Income Tst PLC
02 June 2004
ROYAL LONDON UK EQUITY & INCOME TRUST PLC &
ROYAL LONDON UK EQUITY & INCOME SECURITIES PLC (the "Group")
10 LARGEST INVESTMENTS
In accordance with Listing Rule 21.20(l)(ii), the Group announces that at 31 May
the ten largest investments in its portfolio were as follows:
Company Percentage of Gross
BP Ord USD0.25 5.20
Vodafone Group Ord USD0.10 4.23
HSBC Holdings Ord USD0.50 3.52
GlaxoSmithKline Ord GBP0.25 3.34
Halifax Non-cum Pref 2.80
Abbey National 8.625% Gross Non-cum Pref GBP1 1.68
Barclays Ord GBP0.25 1.66
AstraZeneca Ord GBP0.25 1.64
Shell Transport & Trading Ord GBP0.25 1.64
Scottish & Southern Energy ORD GBP0.50 1.56
NAV falling back sharply, results not very bright, share price weak... pitty!|
|rambutan2: curry, if you look at the gtmp thread there is a really good graph which shows share price v nav. do you know how to do similar for this one?|
|guru11: The net asset value has gone up from 8.5p to 9.55p since 31/12/03 too 7/01/04, but the spread 3.00p / 5.50p, is not good. How many shares could one buy before the MM charged outside the spread price as well? If the asset value keeps going so will the share price but it would take a while to cover the spread.|
|currypasty: Its very lonely on the BB im afraid, and very few trades ever go through. Having said that, there was another buy yesterday !
NAV still over 5p, with share price at 1.5 - 4.5|
|currypasty: date NAV
Share price as 2-1-04 1.5 - 4.0|
Royal London Uk Equity Trust share price data is direct from the London Stock Exchange