Good FY numbers. |
As at close of business on 23 December 2024, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 127.4p and the net asset value per share with debt marked at fair value was 130.0p. |
Join the ShareSoc webinar on 30th January at 4pm to learn more about The Bankers Investment Trust PLC. This session will cover an in-depth review of the Trust’s performance and upcoming strategies, followed by a Q&A where you can ask your questions directly.
Register and Learn More Here: |
"As at close of business on 5 December 2024, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 128.3p and the net asset value per share with debt marked at fair value was 130.9p." |
NAV ~127.6p per share. |
They seem to have arrived rather late at the US tech party, akin, perhaps, to buying banks in 2006. Time will tell. They claim that Meta and Alphabet don't pay dividends. They do. |
Half year report worth a read. Sliming down the holdings to go after the best ideas. |
I've owned this one for 3 years and thanks to averaging down with smaller buys I'm now at break even. A relook at their portfolio suggests a too scatter gun approach. It used to be a good solid trust but the return over the last 3 years compared to ATST, FCIT & JGGI is dire. With a yield of only 2.3% that adds up to a pretty poor overall return so I'm out.
Just watch it fly now! |
Yes great run, still sitting on significant losses from the sector 15 yrs ago myself ; good to have something positive. |
It seems to be on a roll at present... |
At last we have some decent uoward movement here. They have been aggressively buying back shares to take advantage of the discount to NAV. |
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. |
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?? |
Investment Trusts are under the cosh with widening discounts and the continuing rise of ETF's.
May help with amenability!. |
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. |
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. |
Discount might narrow a little now. |
NAV keeps ticking Up atm. |
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!. |
I've also been adding in my SIPP and will continue to do so. |
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. |
Added further, near a 12.5% NAV discount as of now.
Looks value unless equity markets sre sbout to head lower. |
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 |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
