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SCIN Scottish Investment Trust Plc

895.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Scottish Investment Trust Plc SCIN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 895.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
895.00
more quote information »

Scottish Investment SCIN Dividends History

No dividends issued between 28 Mar 2014 and 28 Mar 2024

Top Dividend Posts

Top Posts
Posted at 15/3/2024 12:05 by spectoacc
Eh? Just got £2.2k "return of capital" from SCIN, a year and a half on - no idea why.
Posted at 05/10/2022 14:33 by spectoacc
Disappointing, but have exited the last of JGGI today. SCIN merger has simply meant JGGI going from a persistent premium, to a persistent discount, and moving from issuing shares to buying them back.

Febrile markets not helping, and have waited for this long for the discount to close, which it shows no signs of doing.
Posted at 30/8/2022 07:44 by spectoacc
HL have removed SCIN from being tradeable online, for no good reason that I can see - 2nd & final vote is tomorrow, should convert to JGGI shares on Thursday.

Edit - in fairness, they sent the below, not that other a/cs seem to be affected & the shares are clearly still trading:

"If approved, the winding up will complete on 31 August 2022. The new shares will be credited on or around 1 September 2022. If you want to sell your Scottish Investment Trust shares before it completes, you’ll need to do so before 4:30pm on 22 August 2022. "
Posted at 12/8/2022 09:53 by spectoacc
921p NAV yesterday, with JGGI on a c.10p premium. Am assuming the premium will come off once SCIN converts, but issuing equity isn't stopping it so the equivalent of c.20p onto SCIN conversion isn't impossible.

Say 940p - hence not a seller at 891p.
Posted at 05/8/2022 14:39 by spectoacc
Third time lucky for SCIN Board actually sticking to a timetable - well done them.

c.9p divi coming our way just before conversion too.

Yesterday's NAV 910p, JGGI trading at a premium.
Posted at 19/7/2022 09:08 by spectoacc
68k at 820p just gone through, interesting trade - is surely money in shorting JGGI, longing SCIN, now the timescale is allegedly clearer. Who'd bet against it slipping once again!
Posted at 15/6/2022 17:31 by income investor
Second quarterly dividend of 6.1p declared today. Payable 15 July, which is only two months since previous dividend paid. Perhaps suggests they expect merger to have happened by mid August?
Posted at 22/1/2022 14:15 by spectoacc
There's always something at the top of every bubble - Tony Dye in 99/00, SCIN now.

A reminder of what SCIN held until yesterday:

Newmont, Newcrest, Barrick - 3 gold co's at the top.

BT - telecoms

Wells Fargo - bank

Exxon, RDSB, Total, Haliburton - 4 energy companies

Gilead Sciences - pharma


A great Top 10.

JGGI's, and what SCIN will very shortly hold (if it doesn't already):

Amazon, Microsoft, Alphabet, McDonalds, Wells Fargo (interesting..), NXP semiconductors, Mastercard, P&G, Novo-Norlisk.


In fairness, there's a few in there I'd be OK with, but not the 3 largest.

Agree the point is that there's loads of JGGI's, and very few if any SCIN's anymore. And that it seems to have marked the top of the long, long bull market.

(Amazon & MSFT are hardly bad co's - but AMZN p/e 55, MSFT 33. At least for MSFT, that's 3x what it was. Take it back to 2010-2012 p/e and the price falls 2/3rds).
Posted at 30/12/2021 16:44 by wskill
Looking back to IVI in which I had a decent holding, cash in the revenue account/revenue reserves was paid out as a special dividend as below .I cannot see what will happen to our undistributed cash/revenue reserves they are a tangible asset which belong to SCIN shareholders.



The Directors have declared a special dividend of 8.35p per share and shareholders who are on the Register on 6 April 2021 will be entitled to receive such dividend, subject to the passing of resolutions to be proposed to approve the combination of the Company with Invesco Select Trust plc. The special dividend represents, as closely as is practicable, the sum of the Company’s undistributed net income and its brought forward revenue reserves
Posted at 29/12/2021 13:51 by spectoacc
Think I can explain the many years of underperformance from SCIN now - 3x 72-page glossy annual reports dropped through the letterbox this morning, despite holding all my remaining SCIN through various nominee a/cs.

On the plus side, some interesting stuff in there.

Particularly liked the gem about the advantage of JGGI "...Focussing purely on the best total return opportunities." Referenced in relation to value/growth, but really "We switched to a new manager who says they're looking to buy shares that will go up".

Still targeting first quarter 2022 for the combination, but first stage is appointing the JGGI managers to manager the Trust around 21st Jan, and that they'll then switch the portfolio out of what we all bought SCIN for, and into the racier JGGI cr*p. So rather than hold on for the merger, that'll be me looking for the exit.

A gracious review from Alasdair McKinnon but personally sorry to lose a value-based, gold-heavy IT. Can argue that if the strategy isn't working now then when will it, but can also argue the next few years may have been perfect. This particular diversification choice has only weeks left.

A reminder, if any were needed, of what SCIN is likely to be holding a month from now:

No golds
No oils
No UK financials
But MSFT, AMZN, Alphabet, Wells Fargo, McDonalds, Mastercard, Analog Devices, P&G.

Not the worst picks - at least no Tesla - but if I wanted the racy US techs that have done so well, I'd buy JGGI.

Still c.6.5% of discount closing to happen.

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