Alliance Share Discussion Threads

[thamestrader] 17/10/2024 08:36

New thread started under ALW.

[jeffian] 10/10/2024 09:58

"Applications have been made for the 120,949,382 New Shares to be admitted to listing on the closed-ended investment funds category of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange (together, "Admission"). It is expected that Admission will take place at 8.00am on 10 October 2024."

Well it's 11am and they haven't appeared in my account yet!

[apparition1] 04/7/2024 15:41

A bit of a one sided view of the article Wirral. I could extract 2 other comments that were more positive: -
Deutsche Numis analyst Ewan Lovett-Turner - "The merger appears to be well-structured and we agree that there are benefits of creating a scale player, with an improved fee structure and a manager’s cost contribution."
Winterflood Investment Trusts - "We think the combination of Witan and Alliance Trust makes sense"
I admit from an ATST shareholder point of view the deal seems a bit of a mixed bag and is certainly better for Witan Shareholders. I sold out of Witan about a year ago because of their under performance and invested more here. Over the last few months Witan have been climbing steadily so I guess there were rumours circulating amongst those in the know.
But hopefully we'll get some benefit (lower fees / higher dividend) and not too much damage from the merger. Certainly JGGI managed it well when they subsumed SCIN.

[wirralowl] 04/7/2024 14:07

Coverage of merger with Witan in Shares Mag.

Conclusion not particularly positive:

"However, as one professional fund manager put it to Shares, merging the assets without incurring ‘massive’; dealing costs will be a major challenge given the two trusts have wildly different portfolios and only one adviser in common.

‘The portfolio managers will have to absolutely ruthless, otherwise they risk being landed with a mass of holdings which counter each other out,’ observed the manager..."

[elbrus55] 28/6/2024 04:00

It is in the RNS. The main thing is slightly lower ongoing fees and costs as %pa.FTSE100 membership might drive a bit more institutional/funds demand for the shares and reduce the discount and market spread a little.Benefit looks quite marginal but I don't see much downside either.

[nk104] 26/6/2024 12:25

My immediate question was what's in it for ATST. I can see why the Board might want more scale.

[nk104] 09/6/2024 11:50

I came to the conclusion a while back that my stock picking abilities are limited. At least ATST won't be far from the All World return.

Just hoping the discount on ATST notches up a bit more, but will probably crack and buy a few more soon.

[thamestrader] 08/6/2024 08:04

Somewhere in between the two, and overall this has certainly not disappointed.
I eventually came off the pot and added yesterday.

[nk104] 07/6/2024 21:52

Depends whether your holding period is ten days or ten years.

[thamestrader] 07/6/2024 10:15

Yes, and the weakness continues. Share price definitely not performing as well as its peers, despite NAV holding up OK. Wondering whether to take advantage of weakness by topping up, or sell up and redistribute the proceeds amongst the others.

[scottishfield] 28/5/2024 16:21

Last month or so not so good here. I wonder if they are shuffling the allocation a bit?

[jong] 30/11/2023 12:19

XD today. 6.34p per share payable on Friday 29 December.

[nk104] 28/7/2023 12:19

Interims are out -

And the dividend is going up to 6.34p

[thamestrader] 20/7/2023 07:51

Mostly because the pound lost a cent or two, so the US holdings (60+%) are worth more. Plus US markets did gain a few points.

[scottishfield] 19/7/2023 12:36

Nice and positive today.

[nk104] 01/11/2021 12:19

Well this looks like something:

Dividend Reset and Declaration

Highlights

-- Review of level and funding of the Company's dividend has been concluded;
Board believes that an increased, but still sustainable, level of
dividend will benefit existing shareholders and enhance the
attractiveness of the Company's shares.

-- Third interim dividend for 2021 reset at an increased level of 5.825p;
fourth interim dividend for 2021 expected to be declared at the same
level.

-- Total dividend for 2021 expected to be 19.054p, an increase of 32.5% on
the 2020 dividend.

-- From the reset level, the Board expects to continue to extend the
Company's track record of increasing ordinary dividends year-on-year for
2022 and beyond.

-- Investment objective1 and strategy and Dividend Policy remain unchanged;
well supported by significant distributable reserves which stood at over
GBP3.3 billion as at 30 June 20212.

[danieldanj] 24/7/2018 19:30

Alliance Trust (ATST) Earnings-Reaction to Keep an Eye

[sharesoc] 22/3/2018 20:15

Alliance Trust are mentioned in our most recent blog post:

[sharesoc] 12/3/2018 16:07

Alliance Trust are mentioned in our recent blog post on: The Dangers of Share Tipping, Alliance Trust and AIM Regulation

[spacecake] 14/9/2017 07:51

Think WTW...

The UK’s antitrust body will carry out a full-blown competition probe into investment consultants after the financial watchdog found far-reaching problems in an industry that advises on more than £1.6tn of pension and insurance assets.

[spacecake] 29/3/2017 08:04

Computers to replace humans as stock pickers at Blackrock Inc

[spacecake] 24/3/2017 11:20

Sold these a few days ago, I'll be back when I see them beat the benchmark.