Bankers Investment Share Discussion Threads

[essentialinvestor] 10/3/2024 14:04

At last we have some decent uoward movement here. They have been aggressively buying back shares to take advantage of the discount to NAV.

[2wild] 30/12/2023 21:12

The discounts on most investment trust between February and September we're absolutely amazing. Many quality outfits were trading at over25% discount to nav. The average of those which are members of the association of investment trust companies were on a 17% discount 3 months ago . The average for these now stands at just below 10%. The average for those in the all share index , a larger group, is still 13%.

There are still lots of fabulous discounts and offer although I suspect these will come in during 2024, especially if the new legislation addressing ridiculous anomalies regarding cost disclosures passes.

[freedomexpress747] 15/12/2023 21:51

I hold a few investment trusts and whilst they have considerable benefits- reserving for dividends, ignoring the noise of inflows and outflows, gearing when it's sensible etc... discounts are a real problem unless you are a really long term investor. Perhaps as part of the reinvigoration of the City (and the disastrous under investment in London markets) some fresh thinking is needed here. What about the Association of Investment Trusts (or whatever its called these days) sending their best and brightest to resolve it with Number 11. And why no UK extra ISA??

[essentialinvestor] 15/12/2023 10:10

Investment Trusts are under the cosh with widening discounts and the continuing rise of ETF's.

May help with amenability!.

[vacendak] 15/12/2023 09:57

Yes, at times these people seem surprisingly approachable.

Back in the day of Witan Pacific, just before they turned into Baillie Gifford China, I emailed the trust about being concerned of the switch to a "one country" approach and got a reply from the chairman, or "chairpeople" as we would now say as she was a lady.
And I am no institutional investor either.

[essentialinvestor] 14/12/2023 15:42

I had a detailed reply from the lead Manger to my e-mail concerning the % discount to NAV and tbf Alex also offered to discuss this further by telephone, if I wished. I do hold a few but still good communication.

[essentialinvestor] 14/12/2023 07:52

Discount might narrow a little now.

[essentialinvestor] 13/12/2023 13:30

NAV keeps ticking Up atm.

[essentialinvestor] 08/12/2023 16:48

Yup, added s few at just over 98.60 earlier.

I sent an e-mail on Tuesday berrating the BOD on the modest amount of shares being bought back, given the % discount currently available - probably not even read by an office junior!.

[bonnard] 08/12/2023 16:41

I've also been adding in my SIPP and will continue to do so.

[essentialinvestor] 08/12/2023 16:07

It might be easier to raise the Titanic that the BNKR share price atm, overdue a better day or two given the current NAV discount -
unless wider equity markets fall back.

[essentialinvestor] 06/12/2023 14:09

Added further, near a 12.5% NAV discount as of now.

Looks value unless equity markets sre sbout to head lower.

[mozy123] 24/11/2023 13:34

Discount looks attractive - the SAIN discount was this wide and has snapped back a little.

Performance has been sub par for a couple of years as US weightings are much lower than benchmark.

Added a few

[essentialinvestor] 23/11/2023 16:10

Discount to NAV looks attractive given a high quality portfolio.

[biggest bill] 27/6/2023 15:50

Three directors have now bought shares in the last day. I managed to buy some shares at 94p yesterday at a discount of 14%, a ridiculous discount for Bankers.

[biggest bill] 05/6/2023 08:21

Bankers is currently at a discount of over 10%. This looks exceptional value given the long term record and also over the last decade, the shares have usually traded close to nav.

[peterbill] 01/6/2023 07:38

Top holdingsData as at : 30/04/2023Investment % of total assetsMicrosoft Corp 3.8Apple Inc 2.7Accenture PLC Class A 1.8JPMorgan Chase & Co 1.5AstraZeneca PLC 1.4UnitedHealth Group Inc 1.3Visa Inc Class A 1.2KLA Corp 1.2TotalEnergies SE 1.1United Parcel Service Inc 1.1



56 years of consecutive years dividend increased, current yield 2.38%

[1nf3rn0] 11/11/2021 22:46

Well that was a bit of a gift. Discount closed now, up 10% in a month.

[vacendak] 01/10/2021 08:16

I happily hold AGT/British Empire too, but AGT is a different beast. AGT is purely in "value" and relatively focused.
BNKR is more aligned with FCIT (Foreign & Colonial), WTAN, SAIN and to some extent MNKS... and they have all dipped recently, if not as much.

[1nf3rn0] 30/9/2021 20:44

I hold AVI too, have done since it went by the name British Empire Trust. Been a strong performer post covid crash. For numerous reasons many funds trade at varying degrees of discount to NAV and a small few even trade at premiums. But it is unusual for Bankers to trade at a 5% or higher discount, whereas AVI is always a reasonable amount below NAV.

[peckers56] 30/9/2021 18:48

Held this for a little over 2 years - with a "personal" annual absolute return of around 9% (including dividends). In the same sector (i.e. Global), have also held AVI Global for just under 5 years - with an annual "personal" absolute return of around 11.5% (including dividends). The former has a discount of 4.8%, and the latter is 7.3% (both Trustnet). IMO, Bankers is OK, but there others that may be better.

[1nf3rn0] 30/9/2021 12:22

Trading at its largest discount since the covid crash of March 2020. Looks like a decent entry point.

[rik shaw] 21/6/2021 16:34

The Board has declared a second interim dividend of 0.538p (2020: 0.535p as adjusted) per share, which will be payable on 31 August 2021 to shareholders on the register on 30 July 2021

[aurelius5] 01/3/2021 13:45

Note the shift from RPI to CPI. Note also that the next dividend will be lower than the last two quarters, although modestly higher than Qu. 1 last year.