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ATS Artemis Alpha Trust Plc

369.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Artemis Alpha Trust Plc LSE:ATS London Ordinary Share GB0004355946 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 369.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 20.39M 17.68M 0.5405 6.83 120.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 369.00 GBX

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Date Time Title Posts
26/10/202410:04Artemis Aplpha Trust49

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Posted at 21/11/2024 08:20 by Artemis Alpha Daily Update
Artemis Alpha Trust Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker ATS. The last closing price for Artemis Alpha was 369p.
Artemis Alpha currently has 32,713,152 shares in issue. The market capitalisation of Artemis Alpha is £120,711,531.
Artemis Alpha has a price to earnings ratio (PE ratio) of 6.83.
This morning ATS shares opened at -
Posted at 26/10/2024 10:04 by 2wild
Expected timetable 2024

Ex Pre liquidation Dividend date
31 October

Record date for entitlements under the Scheme
6.00 p.m. on 19 November

Ordinary Shares disabled in CREST (for settlement)
close of business on 19 November

Trading in the Ordinary Shares on the London Stock Exchange suspended
7.30 a.m. on 20 November

Pre-Liquidation Interim Dividend paid to Shareholders
22 November

Calculation Date
close of business on 22 November

Latest time and date for receipt of proxy appointments in respect of the Second General Meeting
9.00 a.m. on 27 November

Reclassification of the Ordinary Shares
8.00 a.m. on 28 November
Suspension of listing of Reclassified Shares
7.30 a.m. on 29 November

Second General Meeting
9.00 a.m. on 29 November

Effective Date for implementation of the Scheme
29 November

Announcement of the results of Elections, the ATS Rollover FAV per Share, the ATS Cash Pool FAV per Share and the Aurora FAV per Share
29 November

CREST accounts credited with, and dealings commence in, New Aurora Shares
as soon as reasonably practicable on 2 December

Cheques despatched to Shareholders who elect for the Cash Option and CREST accounts credited with cash
by no later than 13 December

Certificates despatched in respect of New Aurora Shares
13 December.
Posted at 26/10/2024 09:30 by 2wild
Illustration 24 October
ATS Rollover FAV would be 426.3585p and the Aurora FAV would have been 277.5315p, which, for the Rollover Option, would have produced a conversion ratio of 1.536253. 91,748 New ARR shares. Approximately 33% os Combined trust.
ATS Cash Pool FAV 410.71p.
Posted at 13/9/2024 16:03 by 2wild
ATS merging into ARR, with 25% cash exit option at 2% below NAV and lower fees going forward. Cash should be paid by Christmas.
Posted at 21/12/2023 12:50 by sphere25
Interesting commentary here:

"UK investors are driving in the rain

Daniel Kahneman established the concept of "loss aversion", which is a cognitive
bias impacting decision-making under uncertainty. The simple notion is that
basic survival instincts impact human nature meaning that the pain of loss is
felt more highly than the pleasure of an equivalent gain.

Kahneman's demonstrated loss aversion with New York taxi drivers in the rain. A
taxi driver earns more per hour when it is raining than when it is sunny and
there is less demand. The price of a driver's leisure is therefore lower when it
is sunny. Counterintuitively, Kahneman found that taxi drivers work harder when
it is sunny and less when it is rainy. This is because low income on a sunny day
feels like lost income.

The same concept explains why golfers statistically make fewer successful putts
for birdie than for par. A bogey feels like a loss, whereas a par does not.

The concept of loss aversion is widely applicable to financial markets where
volatility in prices creates loss aversion. Customers in a supermarket will buy
more goods when they are on sale, but investors in a stock market do the
opposite. Investment trusts discounts widen after markets fall and fund outflows
are highest after markets decline, not before.

Our view is that loss aversion is impacting behaviour in UK equity markets
following poor and weak absolute and relative performance. One clear indicator
is the fact that there have been over £76bn in outflows from UK funds since
2016. Another is the near halt in the market for initial public offerings after
a boom in 2021."


I like to read things like this. It clearly depends on the state of the market too. When Covid was spreading and then Putin too, it is hard to not go into survival mode. That is what I do, let all the stops get hit and just lob anything that looks weak. Batten up the hatches and hunker down. It really is a case of minimising losses to stay in the game.

Sometimes trading with a survival instinct is good too - keep the trading losses small and love to take small losses. But now that the market is beaten up with depressed valuations and more bullish moves spreading, yes, perhaps market participants now need to worry less about "loss aversion".

That is not to say risk management shouldn't continue to rule the roost, but clearly the risk skews favourably as valuations, sentiment and flows move positively.

Talking of risk management and "loss aversion", note how the VIX is rising, even as markets continue moving higher. Maybe a signal that some profit taking in the US and the likes of the 250 here are due soon? Plenty of overbought in the bigger caps.

But hey, this is my two pennies worth, but I found that commentary a nice different way of putting things out there.

All imo
DYOR
Posted at 07/3/2022 11:16 by sphere25
Full marks on key risks to ATS here.

Europe is now significantly under performing the US due to the disproportionate moves in gas here, but how long can the US keep outperforming at an index level if consumers start to reign in their spending:

S&P earnings 230
S&P currently trading at 4254
18.5x

That multiple is way too high IF this is more than a growth scare. They could fall at least 25% from here. Clearly there are alot of moving parts and I don't know what happens this afternoon let alone later down the line, but it is food for thought.

Picking bottoms in markets is difficult.

Hopefully a resolution to the war to come and this doom and gloom period passes for all.

All imo
DYOR
Posted at 15/5/2021 12:13 by brucek1812
I hold ARR which has a (very) similar make-up but more concentrated portfolio of Frasers, Dignity, budget airlines and house builders. Both trusts look to be in a good position and benefitting from uptick in Frasers share price / reopening.
Posted at 15/5/2021 09:41 by sd235
The only thing I am unhappy with is the spread. Ludicrously wide. Someone remind me was it always this wide? I first bought end 2017discount 19%. Small purchase thought the change strategy looked good. Moved up steady but discount remaind. Bought more during the crash at the same price as 2017 purchase. Fell 30% more! I am now up 50%. So happy.
Very happy!
Posted at 28/11/2019 13:58 by cordwainer
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'.
Posted at 09/11/2019 16:47 by rooky4
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.
Posted at 09/8/2019 15:28 by cordwainer
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.
Artemis Alpha share price data is direct from the London Stock Exchange

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