Artemis Alpha Share Discussion Threads

[cordwainer] 28/11/2019 13:58

Speaking of which, since i sold out the NAV and share price has, of course, had some kind of rocket boosters. Definitely not Rocket Internet though. It seems Sports Direct, Easyjet, Tesco, Dignity, Capital and Counties Properties, Barclays have all done well since 9 Aug, those names accounting for approx 29% of the fund. And 0.5% of NAV spent on buy backs recently. Enviable and surprisingly good 3-4 month run trouncing the FTSE All-Share really, given legs in part through Retail, Banking, and an Airline. Can't say i saw that coming, I can only file this under 'opportunity cost'.

[rooky4] 09/11/2019 16:47

The money in Reaction Engines tells all one needs to know about why there is a massive discount. Just like Woodford et al, the manager here is bored with just making money - he has all he will ever need and then some. So instead, "interesting" unlisted punts become the norm - in this case supporting British tech, and pay-back is in hero status for the manager rather than monetary payback for the share holders. It's up to the board to recognise what is happening and get in a fresh manager.

[cordwainer] 09/8/2019 16:28

The discount narrowed by about 4% without the price moving and I'm out. Needs better top 10 window dressing imho. But for science and engineering sake, I still hope Reaction Engines get off the ground and into space eventually.

[spectoacc] 31/7/2019 21:25

If you want an IT even bigger - much bigger - into those picks, have a look at "Buffettology" ARR. I've been on their case for some time :) No discount either, & usually trades at a premium. I've yet to work out what's "Buffettology" about their punts.

[tiltonboy] 31/7/2019 19:05

Add in Dixons Carphone, and you have to wonder what is going on. Kartik might have a short reign at this rate.

[cordwainer] 31/7/2019 18:10

I'm doubtful of the risk / reward outlook of the Sports Direct, Tesco and Dignity holdings going forward. But the discount is at nearly 19%, similar to my entry point at March 15th. Sports Direct in particular has surely become a contrarian play rather than the growth strategy espoused by the trust ?

[shiv1986] 26/2/2019 09:30

See the latest ADVFN twitter poll about Funds: https://twitter.com/advfn/status/1100297573917736961

[jhan66] 10/10/2018 16:33

AGM tomorrow. Could do with something positive but price movement not encouraging

[eeza] 02/8/2018 08:34

https://www.telegraph.co.uk/investing/funds/questor-investment-trust-bargain-buy-artemis-alpha-15pc-discount/

[tiltonboy] 30/4/2018 20:33

robow, Many thanks. I guessed there was a comment somewhere with a number of early trades, but couldn't find it. NAV has been strong recently, and that allied to a re-rating could see further strength in the share price.

[robow] 30/4/2018 19:30

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.

[jhan66] 22/1/2018 15:25

The subscription shares are now lapsed. They never reached a worthwhile price. Omega performance rather than Alpha but maybe this Trust is starting to perform at last.

[obiterdicta] 22/1/2018 15:14

Are the subscription shares good value? can't find an exercise price. OD

[tiltonboy] 17/1/2018 14:05

No comment about Gundaline at all.

[tiltonboy] 15/1/2018 12:14

Accounts should have been out on Friday, and are already 3 weeks later than last year.

[tiltonboy] 11/1/2018 13:26

Discount has widened out again,, despite decent NAV performance. I'm still a buyer.

[strathroyal] 11/1/2018 13:08

Should be an uplift in NAV from this: www.theland.com.au/story/5159094/gundaline-station-goes-for-more-than-70m/

[jhan66] 20/7/2017 23:30

Noticed the late earnings release. Some positives. 4.5p dividend x-next week. Some negatives. Hurricane, largest holding not doing well lately.

[edwardt] 26/4/2017 13:56

well well this has come to life at last. maybe the unquoteds are not a pile of manure after all

[galeforce1] 19/4/2017 11:06

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.

[tiltonboy] 19/4/2017 10:41

I've been buying them for about a year. They had a couple of poor years, hence the widening of the discount. There is a continuation vote next year, so that should focus minds!

[galeforce1] 19/4/2017 09:56

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.

[luckymouse] 22/9/2016 00:54

Nice slow burner here on a decent discount free stock charts from uk.advfn.com