Mercantile Investment Share Discussion Threads

[spoole5] 28/3/2024 22:23

Nice divi increase

[takeiteasy] 07/1/2024 06:21

I think this fund has merits in being liquid to trade and well diversified and nicely geared for recovery - but the managers need to think how their investment process left them in a position that they only selected one of the top 10 ftse 250 stocks in 1 year performance - perhaps they look at 3-5 year performance and not short term trends but some of the omissions are explained only really that they choose not to select/under weight certain sectors like travel.

This has out-performance over 10 years and under-performance over 3 years.

no advice intended and dyor etc

[takeiteasy] 28/7/2023 11:40

Near enough 17% discount now - seems a bit higher than for a while. I wonder why ...

[spoole5] 24/5/2023 15:01

The Directors have declared that a first quarterly interim dividend for the year ending 31st January 2024 of 1.45 pence per share will be paid on 1st August 2023 to shareholders on the register as at the close of business on 23rd June 2023. The ex-dividend date will be 22nd June 2023.

[brwo349] 27/3/2023 20:26

RNS Number : 2087U

Mercantile Investment Trust(The)PLC

24 March 2023

LONDON STOCK EXCHANGE ANNOUNCEMENT

THE MERCANTILE INVESTMENT TRUST PLC

FOURTH QUARTERLY DIVIDEND

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with DTR 6.1.13

The Directors have declared that a fourth quarterly interim dividend of 3.1 pence per share will be paid on 11th May 2023 to shareholders on the register as at the close of business on 11th April 2023. The ex-dividend date will be 6th April 2023. This brings the total dividend for the financial year ended 31st January 2023 to 7.15 pence, a 3.6% increase on last year's total dividend of 6.9 pence per share.

The Company operates a Dividend Reinvestment Plan (DRIP) which is managed by the registrar, Equiniti, and the deadline for elections under the DRIP (to start the plan from this dividend) is 11th April 2023. Shareholders holding their shares through specialist platforms may also be able to participate in a DRIP and should contact their providers for details.

24th March 2023

JPMorgan Funds Limited

[brwo349] 23/3/2023 13:30

An attractive entry point again at 192.5p which is a 16% discount to nav.

[essentialinvestor] 04/10/2022 11:25

Nice couple of days, overdue a bounce.

[essentialinvestor] 03/10/2022 15:15

That's a yes.

Whether it marks a longer term low, let's see.

[essentialinvestor] 28/9/2022 17:25

Bought a few of these today, whether a good idea

MCX and smaller caps due a bounce?.

[spoole5] 23/9/2022 21:43

This is now virtually back to covid levels when companies were axing divis, now yielding in excess of 4%.

[essentialinvestor] 23/9/2022 14:55

Brill, you star!, that's the one. Many thanks.

[spectoacc] 23/9/2022 14:51

Ha ha I must average a dozen posts a day - and can't always remember what I had for breakfast - but having just Googled WINE's major shareholders, might it have been one of the BG funds? BGUK maybe?

(Still not enough discount on MRC for me - not when adding today's further market falls).

[essentialinvestor] 23/9/2022 14:43

Beginning to look interesting...or not yet.



Spec, you are are about you mentioned another UK focused IT a few months back and
for the life of me I can't remember the name. I actually held it briefly but
when I saw a comment about their buying Naked Wine, I thought better of it
and sold. I've been through my account transaction history and deal in so many
stocks I can't locate it.

[spectoacc] 01/9/2022 06:49

Not one I hold, but:

- 1.12% ongoing charge - not sure how HL gets to that when AMC 0.45% & no performance fee? Does it churn a lot?
- Discount wider than usual (14% vs 9% the past year)
- Down over every time period from 1 week to 5 years as per HL
- Top 10 of: FUTR, ICG, BWY, SCT, WOSG, RS, DNLM, CCC, IMI, & no. 2 is the JPM GBP Liquidity fund.

Seems to lack conviction, largest holding 4%? A bit too "growth" in an era of Value?

Will add it to extensive watchlist tho, thanks (& good luck). Looks a good buy for when markets tank.

[topvest] 31/8/2022 19:41

I've added a few more here. Not generally buying shares at the moment, but my holding here was rather small for such a great trust.

[aurelius5] 21/2/2022 17:53

The chart looks poor - destination circa £2.

[29palms] 09/11/2021 12:00

Nice TU from one of the Trusts holdings today - WOSG
Should provide a fill up to NAV tomorrow.

[essentialinvestor] 24/9/2020 11:53

Looking cheap at this level?.

[enormouswillie] 11/10/2019 18:09

Hope you were holding them this morning ;-)

[gilesy] 11/7/2019 08:57

bought more today at 1.98
I like the portfolio holdings and the discount is wider than normal plus reasonable dividend yield

[drewz] 05/4/2013 03:30

Thanks for those suggestions Harry - Unicorn UK Income and Fidelity UK Smaller Companies both look excellent.

Why don't I like Schroders Mid Cao IT? Middling performance and middling stock selection.

[harry the haddock] 04/4/2013 14:10

couple of other interesting possibilities are acorn income run by john mcclure and Fidelity Special values which got taken over 6 months ago by the excellent manager Alex wright


incidentally why don't you like the schroders IT?

[drewz] 04/4/2013 13:38

which Henderson Opportunities is that Harry?

I can only find Europe exc UK Opps, Emerging Markets Opps or China Opps, none of which compare with Mercantile IT...?

I don't like the Schroders UK Mid cap fund; also I won't invest in anything including Daily Mail on principle. Loathsome poisonous business.

[harry the haddock] 04/4/2013 10:02

long term holder of these .have served me well generally and always pay a decent divi. however i think i'm going to switch horses , either to schroders uk mid cap or henderson opportunities, both of which are out performing mercantile over the long and short term