Discount to NAV looks attractive given a high quality portfolio. |
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. |
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. |
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% |
Well that was a bit of a gift. Discount closed now, up 10% in a month. |
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. |
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. |
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. |
Trading at its largest discount since the covid crash of March 2020. Looks like a decent entry point. |
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 |
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. |
Lol yeh, slight heart attack there! |
That would have been an epic crash! :) |
1 for 10 split this morning |
WTAN did that last year or so; they were above £10 too.
They had an added impetus, there was a confusing rule about 4 votes only for 5 shares or something like that. This is now one to one as for everyone else.
I thought it was overall just a PR stunt really.
As pointed out, when investing regularly people do so with significantly more than £10 per month. I think the minimum on most platforms/saving schemes is £50 anyway. |
...Discourages the hoi polloi? ;-) |
Seems a bit premature for a 10 for 1 split. Price is only 11 quid. Not exactly out of reach for monthly investors. One holding of mine which would benefit from such a split would be PNL, but they seem a stubborn bunch who are quite set in their ways. |
Thanks- I missed that too as I have a filter on all voting right RNSs |
...Gather it's going to split, 10 for 1. Missed that notice on here.
Effective 1st March.
Here was notice 22 January: |
Bankers Investment Trust PLC Annual Financial Report
18/01/2021 |
DUP
('My other language was FORTH!') |
Bankers Investment Trust PLC Edison reviews The Bankers Investment Trust (BNKR)
31/07/2020 5:10pm |
Double top? |
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