We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scottish Investment Trust Plc | LSE:SCIN | London | Ordinary Share | GB0007826091 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 895.00 | 882.00 | 889.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/2/2006 10:09 | MARKET NOW TOPPED OUT NOW DAYS OF WEAKNESS OFFER 426.5p @8.2.06 | washbrook | |
07/2/2006 16:38 | 056NX2H0 436.08 57972303X 428.0 431.25 8:03:01 57,972,303 THE TRADE | washbrook | |
07/2/2006 16:32 | 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% ) MY CALCULATIONS PRE TENDER ASSETS £977.06 m 208.9092 m shares in issue POST TENDER ASSETS £724.26m 150.93m in issue | washbrook | |
12/1/2006 16:24 | Article in "Funds Strategy": Trust board prepares to seek shareholders' approval for tender - 09-Jan-2006 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. | ronjen | |
09/1/2006 01:36 | What do we think will happen to the Share Price and Dividend after the Tender offer is over ? | underground | |
21/12/2005 11:05 | Re: Tender Offer - Is this good, bad or indifferent? | killieboy | |
10/11/2005 22:09 | The long bull run from late summer '04 continues. | 2bob | |
26/1/2005 16:28 | 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. Mr Angry | mr angry | |
07/9/2004 23:26 | 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 | 2bob | |
07/9/2004 22:50 | 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. | nora lenderbee | |
07/9/2004 20:42 | 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. | freda | |
07/9/2004 18:16 | yes, but who bought in? carousell? | rambutan2 | |
07/9/2004 18:14 | -->rambutan2 Overhang cleared with Hermes out? | 2bob | |
07/9/2004 14:49 | Thanks for the feedback. They do have authority to buy back 15% of their stock and have already bought 1.2m shares. Shares in issue are 209m yet we have 32m+ traded today so something strange is going on. I do own a few so enjoying the rise. | 2bob | |
07/9/2004 14:15 | i imagine reason is this... and a good way of playing todays movements is... | rambutan2 | |
07/9/2004 13:04 | Witan also up for no obvious reason. Could be share buybacks, broker recommendations (?) or even rumours of a merger or takeover. Both trusts are at historically large discounts to NAV. Very interesting! | nora lenderbee | |
07/9/2004 12:53 | Huge volume today and chart breakout after a year in the doldrums. What gives? | 2bob |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions