|Scottish Investment Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Scottish Investment Trust Share Discussion Threads
Showing 26 to 46 of 50 messages
|What does that mean?
Can I take it that you're impressed by the rise in share price over the last few months?|
|You did well to double up, have got to 607p which is well up on the share price earlier this year.|
|To large a discount, going to double up tomorrow.|
|I so agree, been holding off and on but now in as looking to spread the risk around, this is to far below asset value and I see they think so as well!|
|hi elmfield - have been holder for decades, SFAIK they have increased their divi every year since about 1955, but they are not an income stock, the actual dividend is modest. They are also the ultimate world wide trust having investments in almost every country with a viable stock market!!!! so very good for spreading risk. They are overlooked because they are not part of the American mega cap investment houses which is a good thing IMO.|
|Bought some, this is overlooked by market, IMv.|
|Bought a few of these today. Fairly sold global investment trust with a 25 year unbroken dividend increase record. Happy to hold long term.|
|MARKET NOW TOPPED OUT NOW DAYS OF WEAKNESS
OFFER 426.5p @8.2.06|
|056NX2H0 436.08 57972303X 428.0 431.25 8:03:01 57,972,303
|The Tender is now behind S.I.T
NAV @2.2.06= 467.7p ( @todays priceof 428p DISCOUNTof 8.4%
Post tender =479.86p ( DISCOUNT NOW 10.8% )
PRE TENDER ASSETS £977.06 m 208.9092 m shares in issue
POST TENDER ASSETS £724.26m 150.93m in issue|
|Article in "Funds Strategy":
Trust board prepares to seek shareholders' approval for tender
by Helen Burnett
The board of the £1.1bn Scottish Investment Trust will hold an extraordinary general meeting at the end of the month to seek shareholder approval for a proposed tender offer.
The offer will be for up to 40% of the trust's share capital at a discount of 9% to the fund's net asset value.
The trust, managed by John Kennedy, is also looking to implement a new share buyback policy, with the aim of keeping the trust's discount at 9% or less to NAV. The fund is trading at a discount of 8.5%.
According to Wins Investment Trust Research, the tender offer did not come as a surprise, but the level of the tender discount is wider than many expected.
"This is positive for ongoing shareholders who will benefit from an uplift in the NAV of around 2.5%, if the tender is fully subscribed," says a recent Wins report.
The Scottish Investment Trust was significantly restructured after Kennedy took over as manager in early 2004. Changes included introducing a single global portfolio instead of five separate geographical portfolios, a reduction in the number of holdings and repayment of the company's surplus debt.
The trust also recently proposed to shareholders that it would like to dispose with the use of a formal benchmark in order to remove constraints on investment policy.
Part of the global growth sector, the trust was previously benchmarked against a 50% FTSE All-Share, 50% FTSE World ex UK index composite.
Subject to shareholder approval, the portfolio will no longer be modelled on an index. However, performance of the fund will be reviewed against returns from a basket of UK equities and international equities from the FTSE All-Share and FTSE All-World indices, according to the trust.
Just under 40% of the portfolio is invested in Britain, with 23% held in America. The largest holdings in the fund currently include Barclays, BP and ConocoPhillips, and nearly 33% of the portfolio is held in the financials sector.
The trust produced a net asset value total return of 31.8% over the 12 months to January 5, according to the Association of Investment Trust Companies.|
|What do we think will happen to the Share Price and Dividend after the Tender offer is over ?|
|Re: Tender Offer - Is this good, bad or indifferent?|
|The long bull run from late summer '04 continues.|
|If you sort Trustnet Internationals by 1yr performance these have performed pretty reasonably over the last year (+21.5% = 21st out of 76) & a lot of the ones above it are Venture Capital or Sector specialists & inherently more risky.
Can only get better as discount narrows so I'm pretty happy to have a load of these in one of my ISA's atm.
|I find the Trustnet site very useful for research.
Discount is starting to close for Scottish but still well below the average for the last 4 years
23% discount to NAV for Dunedin Smaller Companies
Edinburgh (EDIN) has also seen sharp upward movement in the past weeks but still just above historic lows for the discount to NAV
|A post on the iii SIT board suggests that large general trusts will shortly be trading much closer to their NAV in response to a new trust (with a novel structure?) to be launched by Merrill Lynch on 20 September. Anyone know about this? Could be an opportunity to buy into SIT, Witan, Alliance, Foreign & Colonial etc. with little downside risk.|
|Anyone know how I can see what other companies Carousell are buying? I have been in AOT, which carousell now have 17%, with a 10% reduction in the discout.|
|yes, but who bought in?
Overhang cleared with Hermes out?