Artemis Alpha Investors - ATS

Artemis Alpha Investors - ATS

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Stock Name Stock Symbol Market Stock Type
Artemis Alpha Trust Plc ATS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-6.00 -1.36% 435.00 16:35:29
Open Price Low Price High Price Close Price Previous Close
435.00 435.00 435.00 435.00 441.00
more quote information »
Industry Sector

Top Investor Posts

robow: from Investment Trust Insider Three trusts gunning for change for the better A more straightforward proposition lies at Artemis Alpha Trust (ATS), a ‘best ideas’ fund from Artemis Fund Managers that has gone badly off the boil in recent years as bets on unlisted companies and resources stocks have not paid off. At 320p the shares trade 18% below NAV, a huge discount that reflects investor disenchantment with the performance under managers Adrian Paterson and John Dodd. The shares offer a potential recovery situation after the company announced Paterson would retire and be replaced by Artemis’ rising star Kartik Kumar who has cut his teeth helping run its Strategic Assets fund. The board also signalled its desire to improve the trust’s rating by overhauling its fees and giving shareholders the chance to sell shares at NAV in three years time. This could help help to narrow the gap between the shares and their asset value if performance improves.
galeforce1: Good to hear from another investor. The 'Top 10' holdings are interesting. He's definitely been right on the smaller asset managers like Polar and Liontrust. And he's been right on Hurricane. He has probably also been right on Gleeson, though it's not something I'd want to hold directly. And Avation is a great company that has done well. Aircraft leasing out of Singapore (I think). I don't know anything about Gresham, but I have heard good things about that company. 37% financials is quite punchy.
galeforce1: The discount here is too big. About 21.5% yesterday (from the mid-price). John Dodd is a very experienced investor. If the trust continues to perform well the discount should come down to more like 10%. I've bought a few with this year's ISA.
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