We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Active Capital | AIT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.50 | 8.50 |
| Top Posts |
|---|
Posted at 09/11/2008 17:29 by foster As at 30 September 2008, AIT's top holding was Cape at 8.6%.Cape's share price has since dropped by two-thirds, due to debt worries. Given their expertise in that area, you might reasonably have expected AIT to have avoided the shares. |
Posted at 23/10/2008 15:47 by foster It looks as though AIT has indeed remained fully geared throughout the downturn. TrustNet today shows that AIT has destroyed more Net Asset Value than any other investment trust (of the 268 listed with data available) over 5-years (-54%), 3-years (-59.3%), and 1-year (-68.1%). The stated objective of the trust is "to provide shareholders with medium to long term capital growth". However, NAV now is less than half the value at launch, seven years ago. The share price is at an all-time low. And, of course, there have been no dividends. The management has failed before. It was given a second chance via the merger, and has now failed again. IMHO, if the board do not take immediate and positive action they could be regarded as negligent in their duty to shareholders. |
Posted at 23/1/2008 22:37 by foster I came across something interesting today, on the AIC website: up-to-date data for AIT that shows gearing has reached 150. This looks like the level at which the managers have to take action to comply with the financial covenants of their loans. Total borrowings must not exceed 50% of NAV. If true, it could mean trouble ahead.Remember that this is the team that decided, when running Aim Trust, to increase borrowing during year 2000, at the top of the last bull market. For the next two years, they kept gearing high as the market collapsed. They were up against their loan covenants so badly that by 2003 they needed to sell shares and hold more than 20% of assets in Gilts. The solution was to merge Aim Trust with the ungeared 3PC trust, change the name, and forget about everything before 2003. Poor old investors in Aim Trust who bought at launch in 1996 (if there are still any left!) are today seeing no share price return and no dividend return over all that time. They must be hoping that history isn't about to repeat itself. |
Posted at 22/11/2006 18:10 by foster From November 2006 factsheet:Average annual return figure since inception... 5.21% Cumulative performance figures... 1 Month Year to date 1 year 3 Years Since Inception AIT 3.2% 6.4% 14.2% 36.2% 28.9% Sector 4.7% 17.8% 28.3% 77.0% 71.6% Source: Datastream & Lipper, percentage growth, bid to bid, net income reinvested to 31.10.2006. |
Posted at 16/5/2005 23:27 by foster Today is the ninth anniversary of the launch of AIM Trust, which was merged with 3PC to form Active Capital Trust. Latest AIT NAV of 120.79 is equivalent to 131.18 for original AIM Trust shareholders, representing an annual growth rate now down to 3.06% p.a. And things seem to be getting worse, not better. In TrustNet's NAV performance tables today, AIT is positioned as follows... ...for 12 months, 237 out of 253 available trusts, with a fall of -1.5% ...for 3 months, 256 out of 259 available trusts, with a fall of -13.8% How can the board's decision to retain this management team be considered to be "in the interests of shareholders as a whole"? |
Posted at 03/11/2004 15:13 by foster October's AIT factsheet for September released on the website today. September NAV performance is stated as minus 0.4%. (FTSE Small Cap (ex IC) index.....plus 2.7%) (AIM index .................... (My estimates) Manager's comment: - "No managers comment available." Curious, since other managers in the ISIS stable have published their own monthly comments. Makes you wonder if elevation to Director, Head of Pan-European Small-Cap Equities, leaves manager Bill Brown with sufficient time in the day to focus on management outperformance of AIT. |
Posted at 15/10/2004 12:33 by foster For the past six months...NAV of Active Capital............m FTSE Small Cap (ex IC) index.....minus 3% AIM index .................... For the past five years, my estimate of the share price return for AIM Trust shareholders, who converted to AIT shares at a rate of 1.086:1, is as follows... ATR/AIT share price..............m FTSE Small Cap (ex IC) index.....minus 1% AIM index .................... |
Posted at 15/10/2004 11:17 by foster September's AIT Factsheet, per manager Bill Brown ..."August unfortunately saw a fall of 1.8% in the NAV of Active Capital which was the result of some weakness in individual stocks rather than the market as a whole which fell 1.0% for the FTSE Small Cap (ex IC) index and the AIM index actually grew 0.3% (source: Datastream)." Looks like there will be further underperformance reported for September. |
Posted at 23/1/2004 19:19 by mangal Ram, congrats! I see from the RPT thread that you saw this comming almost to perfection - a day before the announcement. I guess we will see further rise in AIT on back of this excellent news; its NAV should rise some 330k on next valuation. |
Posted at 23/1/2004 10:45 by gurp looking at some of the steep recent rises in some of ait holdings surprised nav not up moredisc still >20% |
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
Hot Features
Premium
