Athelney Share Discussion Threads

[topvest] 10/10/2020 16:39

Well performance appears to be picking up!

[mw8156] 06/11/2019 19:33

339054 went through at 225.5p; is that Robin's residual holding?

[topvest] 12/7/2019 19:59

It looks like Robin is finally selling out. 239p is a much better price than anyone else can get though. At least Pohl can now start to take this trust forward more positively.

[mw8156] 16/5/2019 14:27

agree, looks as though he is intent on reducing the numbers of holdings and cutting out duplications, where possible, should make the fund easier to manage in the end..

[topvest] 15/5/2019 20:41

I quite like Pohl's approach on avoiding technological obsolescence. Share price taken a bit of a hit today, but I'm optimistic on the revised approach. I will stick with it.

[topvest] 04/4/2019 19:52

Agreed. He's done a good job. He should have bowed out honourably when he had the chance really. Not the way to retire. The share price seems to respond positively to the prospect of Pohl continuing. Best point is Moore back as this trust needs his wise experience. The other NEDs are too inexperienced.

[mw8156] 04/4/2019 14:33

Robin Boyle and John Girdlestone have apparently bowed out; seems that the NAV advanced from 50p to 245p in their period of tenure from July 1994 and in addition 80p of dividends have been paid with a rising dividend each year, so a more than satisfactory performance for those who've held from the start for which shareholders should be indebted.

[johnwig] 04/4/2019 12:22

topvest, you have no idea what you are talking about, do you?

[topvest] 04/4/2019 08:04

Just announced - Pohl and Moore back on the Board. Mrs Sachdev voted out. Ashton and Lawman survive, but may decide to go I suspect. They need Moore as Chairman.

[charo] 04/4/2019 07:39

Any news on agm

[topvest] 31/3/2019 20:41

AGM on Wed then. It's like a Brexit stand-off here!

[rooky4] 21/3/2019 17:14

It was a few days ago. I assumed that the price would drop by the dividend when xd, although I realise the market doesn't have to be rational. Happy to be out of it at a reasonable price anyway.

[mw8156] 21/3/2019 16:24

Rooky 4 are they not xd today so you get the divi as well if you sold today?

[rooky4] 21/3/2019 15:10

The last issued NAV was 235.9p (effectively includes the next dividend). Recently, 235p has been on offer. Presumably this reflects the Pohl camp buying in, and won't be repeated, so probably the discount will widen in the medium term. I couldn't see a good reason to stay, so sold out.

[topvest] 20/3/2019 20:52

Interestingly, the share price seems to perk up a little with the prospect of Pohl winning.

[paulfred1] 20/3/2019 10:52

Pohl is clearly damaging this company and can't run the fund from Australia. Gresham House has a great reputation. The current board gets my vote. https://www.investegate.co.uk/athelney-trust-plc--aty-/rns/board-letter-to-shareholders/201903200700114129T/

[charo] 20/3/2019 07:26

So if Mr lawman was not truly independent as a chairman,how is he truly independent as a director.

[topvest] 19/3/2019 20:35

I'm not sure that geography matters too much. Technology can overcome!

[mw8156] 19/3/2019 08:59

agree with last three posts and am minded to vote with Pohl and Moore for my few shares but concerned that Pohl, who has an excellent record in Australia, outperforming rising markets and marginally underperforming falling, will be based in Brisbane, is 64, so am concerned as to how he will manage the Trust from there; would have thought Manx Telecom would have been an ideal holding for the Trust instead of or in addition to Kcom, but can't see any sign of it in the accounts, have asked for clarification as to how Pohl will manage from Australia from the company secretary: looks as though the new Directors are charging up all sorts of travel and consultancy fees which this tiny trust just can't afford so an orderly wind-up is the best solution, failing which Pohl and Moore IMHO. Moore is a very experienced expert in investment and Investment Trusts, has just ?retired from 7 investment so should have the time available and above all be able to see fair play.

[charo] 19/3/2019 08:33

RB has put his personal position ahead of his duty to investors. Board out of its depth.

[topvest] 16/3/2019 14:39

A very sensible letter from Dr Manny Pohl, albeit a little late. I'm comfortable that Pohl and Moore are a much better proposition for Athelney Trust. Pleased I have changed sides.

[rooky4] 08/3/2019 09:10

No further mention of a tender, conveniently forgotten? Previous support by vote for tender showed that many shareholders want out - very difficult to call but I guess this group will go with Pohl now. Any more muddle with Boyle and the discount could widen a lot. The strategy of "stability" and particularly "expansion", together with "Robin Boyle continuity" unfortunately just doesn't hold water - if there was demand then there wouldn't be a discount, and any potential new investors will take a look at the past year and run a mile. Should have been a wind-up and distribution at NAV when Boyle first flounced out, Athelney was dead then. Now just prolonging the agony at financial cost to the shareholders. Only other option is that Pohl can make some use of the corpse, but it is difficult see the shareholder benefit there unless the discount and spread can be cut down.

[mw8156] 07/3/2019 16:28

can't claim to be the pope (Infallible) and have made plenty of errors, companies going bust or negligible value, over the years so will consider any views and only filter offensive comment....