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Share Name Share Symbol Market Type Share ISIN Share Description
Athelney Trust Plc LSE:ATY London Ordinary Share GB0000609296 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 200.00 190.00 210.00 200.00 200.00 200.00 2,695 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.2 0.1 5.9 33.9 4

Athelney Share Discussion Threads

Showing 151 to 173 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
07/3/2019
06:51
this is what bottomvest wrote recently on the Scottish Mortgage Investment Trust bulletin board: "Think this share is going to get crucified in 2019. It's on a 10% premium, so you can take it to a 10% discount without any effort. The FANG stocks are now in bear territory, so there is a 50% chance they will go down 80% and and 80% chance they will go down 50%. I think this investment trust is probably heading for under a £1. " Price of SMT today has rebounded to just shy of £5. ...better filter bottomvest like everybody else has
quepassa
06/3/2019
22:41
it's all a point of view so won't censor/ filter #
mw8156
06/3/2019
21:36
just filter bottomvest like everybody else has
quepassa
06/3/2019
21:36
just filter bottomvest like everybody else has
quepassa
06/3/2019
21:08
Minded to do the same for my few shares, though still thinking about it, don't know what the long-term future of the Trust will be whatever the outcome- it will be on the small side even if the manager has kindly volunteered a lower annual fee. Small trusts should have the advantage of more flexibility when investing in microcaps and small cap stocks, compared with the likes of Henderson Smaller IT that's forced to invest in mid-caps due to its size.
mw8156
06/3/2019
20:45
Yes, but Boyle was offered a cash exit at close to book value and rejected. Whilst I like Boyle and have enjoyed Athelney Trust, the best outcome now is an exit for value investors and leaving the company to head in a growth direction. I've voted for Pohl this time. I do like Boyle and I do like Gresham House (I hold their shares as well from when it was an investment trust), but I think Pohl will block it. So, I'm going to back Pohl and Moore. Its worth noting that the current Board are quite inexperienced in such matters. Moore is better calibre in my view. Its a real difficult decision as all the options have positives. That being said, this is a monumental bust-up for a company of this size. Pohl and Boyle are to blame. It needs one to back down or definitively lose. I gave Boyle a second chance, but I don't think that he deserves another! Remember...it was Boyle who went AWOL in the first place.
topvest
06/3/2019
19:56
From the annual report it looks as though the top 5 shareholders have 49.93% so neither Emmanuel Pohl nor Robin Boyle can directly acquire further shares without jeopardising the investment trust status though their respective supporters could, do think the best outcome would be an orderly winding-up of the Trust and distribution of the assets. The main beneficiaries of the turmoil thus far have been 'our learned friends' whose fees have already reached 42000 with more to come, no doubt.
mw8156
05/3/2019
21:07
Yes, what a mess. To be honest Boyle has made a pigs ear of all of this. Reminds me to retire with dignity in a few years, rather than having to be kicked out of the door kicking and screaming! Pohl is not going to back down and will win eventually in my view. He's not a loser, and will get what he wanted in the first place which is a UK investment vehicle. No doubt he will buy some more shares or something to get himself over the line! So the new strategy of getting Gresham House involved seems another dead-end to me. I'm inclined to change sides and switch to Pohl this time as Boyle's time has run-out as far as I'm concerned. Boyle's strategy just seems pointless. You either continue or get cash back at NAV. A half-in half-out Boyle / Gresham strategy doesn't seem right. At least the dividend is still good, for now! Need to read the documents more clearly, and that's another thing...the documents they have been putting out are less than clear. Received a garbage letter from the Company Secretary today that is not needed for a UK listed investment trust & could have been posted with the annual report to save money. No stamp addressed envelope either. I'm losing my patience! On a positive note, Pohl seems to be making relatively good adjustments to the portfolio and is compensating for Boyle's weak spot of investing in companies exposed on the wrong side of structural change and technological obsolescence. I will post again when I have more than 5 minutes to read the annual report.
topvest
05/3/2019
09:27
cost thus far of all the board upheavals last year is £90000, nearly 5p a share, plus relatively poor investment performance and not settled yet as there are competing resolutions in the forthcoming AGM. Want to expand the trust to a 50-150m outfit, all well and good, but who will commit funds with last years' background? immediate response is that I regret the removal from the Board of Simon Moore by a very narrow majority who seemed determined to act as an independent Director who would rein in and stamp out any excesses on the expenses field, Will have to study the annual report and resolutions therein carefully when it comes.
mw8156
06/2/2019
21:21
Well it appears that Pohl has been removed from the Board but is still the fund manager. He has a point on technological obsolescence - Boyle was very poor on this with investments in HMV and Debenhams both springing to mind.
topvest
06/2/2019
12:52
pohl quoted on todays rns.wtf who is running this company board rudderless.
charo
02/2/2019
10:47
According to the annual report, the shareholders agreement just gives the right of first refusal for Pohl to buy Boyle's shares at NAV, and then only to take the Pohl stake to 29.9%. E C Pohl & Co don't have to buy, even if Boyle decides to sell. But it is probably enough to put off any other management group from a taking over. I would expect Poyl to be able to build a controlling stake in the market over time at less (perhaps a lot less) than NAV. Meanwhile the directors should represent all the shareholders....
rooky4
01/2/2019
22:01
Yes, trouble is there will be no bid unless the two major holders agree beforehand. I think Pohl will come back and won't be interested in anyone having his UK stock market vehicle. He seems that sort of person, building a chain of mini investment vehicles. Boyle has now lost both for himself (and more importantly for all those that were backing him) and should take the money. Actually markets are bouncing back and so that might help Boyle to see that now is the time to get out at net asset value. That's what I would do now if I was him, but I'm not!
topvest
30/1/2019
10:08
If i was Emmanuel Pohl, would let the small shareholders stew for a few months expecting the shares to drift to a large discount before launching an offer: this is a debacle: there are always others looking to expand their assets under management eg JP Morgan Smaller Cos Trust and no doubt other trusts.
mw8156
28/1/2019
21:18
Yes, I think the support for Boyle is now dissipating. We were loyal shareholders for many years, but this is not the way to 'retire', particularly when he could have exited for cash. He seems to have lost the plot a little. I think Pohl will probably move in for the kill and surely has the firepower to make an offer for the shares he doesn't own and are willing sellers.... thereby hoovering up enough shares to get re-elected. A merger with Gresham House Strategic that I also hold doesn't really make sense to me, and I don't think that would be a particularly good outcome. I do already hold that one but its a different strategy. I think Robin's strategy will probably out-perform growth over the next few years, but he's only got himself to blame for resigning. He should have fought from within, rather than resigning and trying to be a comeback kid. In my view, something will happen fairly quickly.
topvest
27/1/2019
23:01
Better outcomes now would be 1 a merger at a fair price into Gresham House Strategic 2 a takeover at a fair price by Emmanuel Pohl's firm or Emmanuel Pohl himself 3 an orderly winding down of the company and return of capital. Robin Boyle's calling of the EGM has resulted in a disastrous outcome, and is all the more upsetting in that we were told he had announced his intention originally to stand down in Autumn last year.
mw8156
27/1/2019
21:14
A bit harsh - last year I think the record was a 17% total return per annum since IPO in 1994. Not bad. Obviously, the last 6m has not been great!
topvest
27/1/2019
09:28
The biggest failure of management has been the total lack of ambition.What is the point of athelney.
charo
25/1/2019
18:44
Who has investment mandate.The directors are in severe danger of being impotent to manage the trust.Could they be held liable for losses from appointment.
charo
25/1/2019
18:43
Who has investment mandate.The directors are in severe danger of being impotent to manage the trust.Could they be held liable for losses from appointment.
charo
25/1/2019
18:18
Yes, fairly shambolic. Nothing happens unless the two big shareholders agree. Trouble is...I suspect that they are not even talking to each other, but throwing darts at each other’s picture! Pohl might not be prepared to exit. I voted for Robin, but am now regretting it as he has now put us in a much worse position. I think that Pohl and Boyl need to start talking. I’m going to hang in there for now. A good dividend is due shortly, but I’m disappointed in how Robin has handled his retirement. Not very clever, to put it mildly! I think the vote underlines that shareholders are now fed up with both of them. Pohl for pushing Boyl over the line and Boyl for falling into an emotional meltdown. The consensus, is probably...let’;s have our cash back. Next steps may well be Pohl buying more shares and having another go. OR Tender offer. OR Takeover bid. OR Stalemate. The market is currently pricing in the last option in my view.
topvest
25/1/2019
16:14
Two rookie directors with zilch plc experience.extraordinary.
charo
25/1/2019
14:35
Maybe the answer, as has already been suggested, would be a recommended shares for shares offer from another investment trust like Gresham House Strategic or possibly Miton UK Micro Cap at say a 10% discount to asset value. A cash alternative could be provided which would have a similar effect to a tender offer. That way investors could choose between rolling over their accrued capital gains into another investment trust or exiting part or all of their investment for cash.
danny baker
Chat Pages: 8  7  6  5  4  3  2  1
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