|Value and Income
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||Market Cap (m)
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Value and Income Share Discussion Threads
Showing 26 to 50 of 50 messages
|Another 100k purchase, this time 233.|
|The sizes are getting smaller, but I can't recall a bigger flurry of d buying on an IT before - another just reported, at 241.|
|Been in these a while in a small way, and been disappointed with them, but disappointment finally turned to hope! Have followed the directors in, though paid higher. Good to see them finally looking to address the discount.
I reckon the move to qtly divis will help too - high-yielding qtly payers attract more interest & in some cases trade at or above par (wouldn't expect that from VIN due to property exposure, but still - the days of 20-25% discount are hopefully over).
29 years of divi increase, with more to come.|
|Indeed Topvest...I too recently added to an already overweight position. Decent perforance, managers heavily invested personally, high and rising dividend, big discount and an exit at NAV in 10 years if desired....what's not to like?|
|Bought a few more today. Results very positive and everyone seems to have missed the cash back option, albeit a few years off. High quality with a 5% yield. Boring but very nice.|
|Agree with your words of wisdom there Topvest. Am a holder. Have been forever.|
|This week's news of increased borrowings to "fund future property acquisitions" may not appeal to those investors who would prefer a pure investment trust with liquid holdings.
Hence, perhaps, the hefty discount.|
|It's always been on a big discount. A very well run trust though. One of those "hold forever" stocks. Never one to worry about.|
|Long time since I was involved in this. It may have changed since, but their long term debt was at what would be considered a high interest rate in todays climate. Used to be considered a bit of a 'poison pill' wrt any takeover etc. I believe the substantial interest Oakshott & Lascelles have in this suggests it is their pension.|
|According to the Company, the NAV of Value and Income Trust shares on 28th February was 304p with Debt at fair value. The market price is currently about 250p. What is the reason for such a large discount? Or has the value of the portfolio fallen significantly since the NAV was announced?|
|The discount to NAV and good yield remains here. Therefore as part of my capital preservation strategy I have been increasing the size of VIN holdings again.|
|If stagflation includes rising interest rates then I guess the market value of its presently high-interest bearing debt will fall.
Thus the present adjusted nav of 270p may move nearer to the 300p nav which is based on debt at par value. As always, I stand to be corrected.|
|How might this one perform in a stagflationary environment over the next couple of years, I wonder, with its mix of property and equities.|
|Dividend yield over 4% and a discount of 20% discount on NAV should produce a double digit return at year end,put a few into portfolio-interim statement on monday.|
|Hear Hear. (Here Here?)|
|one for my Sipp, ticks the boxes, performance, yield and discount|
|Great little investment trust here - dull, but if you're looking for a 25 year record of increasing dividends, a c5% yield, low gearing and a 10-20% discount this is an attractive investment. I will look to add more on weakness.|
Oakeshott is responsible for the property investment management of the closed-end Value and Income Trust.
In an interview with Fund Strategy, the peer says: "Our best investment ever was a retail warehouse in Northern Ireland outside Belfast that we bought during the Troubles.
"We eventually sold it to Sainsbury's a few years ago [after the province stabilised] and made about six times our money.
"It was burned down a couple of times but what we identified is that the British taxpayer does the insurance."
The peer resigned from frontline politics earlier this year after criticising Project Merlin - the government's roadmap for rescuing the UK banking system.
Oakeshott says: "Ideally, all investment is about buying from the frighteneed and selling to the greeedu.
"We tend to be defensive, but with our average property holding being more than 14 years, we receive good quality income.
"An important aspect is that we have built up a proportion of property which is index-linked, which is now about a third of the property's portfolio.
To read the article in full, click here.|
|Discount seems a bit harsh even allowing for the expensive long term debt at around 20% (debt @ fair value). Interesting potential for a bit of a bounce?|
|NAV out today - 228 with debt at par and 214p with debt at fair value. Not as big an uplift as I expected to be honest, but this remains a steady business with good prospects and a nice yield. VT Group offer delivers a chunk of cash to them as well, when that goes through.|
|Property revaluation was due to be completed as at 31 March - hopefully the results will be due soon with the month end asset value statement?|
|VT Group offer looks to be good news here for VIN's largest equity investment. Dow Jones announcement indicates 750p offer. See VTG thread.|