Thx yupawiese
No obligation, but would be interested to know why you don't hold now, if you have a regard for manager. It would seem like bargain country? |
Extended webinar with the fund manager, after his recent visit to Japan
For total clarity I dont hold at present, have previously, & have high regard for Manager |
That was a good article Spangle93, I have had BGS on my watchlist for around 9 months now and decided to buy a small holding today.The timing of this may turn out not to be the best but I am buying now for the longer term and will be adding further when a good opportunity arises.Good luck all. |
Starting to nibble here. |
Daily Telegraph featured Fund of the Week
....
"There are stocks in the portfolio that have fallen by 60pc-70pc over the past 12 months, but if you look at what they have done operationally, a lot are still growing at 40pc-50pc and continue to invest for future growth.
This is both challenging and exciting for us, because you don’t see such low valuation multiples very often. For example, many stocks in the portfolio have sold off so aggressively that they are trading on less than one or 1.5 times “price-to-sales”, the share price relative to revenues.
These are multiples you would associate with mature, steady growth businesses, not those growing at 40pc-50pc a year.
This is potentially a once in a decade buying opportunity, but it is challenging when day in, day out these stocks are selling off – and there is no fundamental reason why."... |
A lot more tech in here than I had appreciated....I guess another red day tomorrow.
Good buying opportunity coming up ..... |
BGS presentation coming up with Kepler on November 4th
Hopefully they can inject a little optimism after a pretty lacklustre 12 months |
Down to a small NAV premium of 3% which looks a fair entry point |
With NAV around 240p it's trading at close to 10% premium!
Versus usual trading at a small discount
Share price moving in advance of NAV rises, or time for trading in for a profit? |
Probably just because Buffet has gone into Japan so it is being noticed |
Now 20% in a month |
Whether it's as a result of the new guy at the top in Japan or not it's been a good September, with more than 10% rise in share price so far. |
I thought there would be more Abe reaction here. |
Current discount to Nav is 12% |
Hard hats at the ready. |
Would a sell-off in US markets contribute to the price decline here? This is my worst performing IT over the last 6 months and while I'm happy to top-up to maintain exposure to the sector, I'd rather top-up while it's on the way up, rather than the way down. Feels like there could be continued selling pressure if US indices decide to return to their 150 or 200 day moving averages any time soon. Global equities have had a great run of late. |
Now on a 5% discount. Definitely not flavour of the month any more! Wonder if we'll get a bounce from 160 again? |
Virtually no premium any more. |
Sounds really positive....this fund needs to get moving ahead....but no doubt it will be slow as there were a couple of company mentions around the lines of: forgoing profits this year for future growth. Ever since they did the split it has been flat. |
Short video from the fund manager. |
It's quite easy, the extra funds diluted what's out there so reducing the value hence share drop BUT the extra cash could help drive up returns if invested wisely so hold on. |
So no one could explain it...he he he...thankfully my light bulb has just gone on and I have realised that through issuing new equity they are realising a portion of the premium in cash and hopefully are buying more assets (with this new money) meanwhile growing the size of the fund and thus lowering the cost per unit (also reducing the dividend per unit as a downside). Hmmm, hope I have it right...it suits my brain anyway. |
I have tried to understand this constant issue of New equity but I just can't - there is little to explain it available on my google searches. For BGS it doesn't seem to be helping the trust's listed price???? Does anyone have a good link or more simple/broader explanation that provided in the post previously. Many thanks. |
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