This was a bargain last week, 18% discount. Glad to see, only one week later despite a flat FTSE that the discount has narrowed back to 11%, with a 10p gain already. The power of ITs |
The spread tightened to only a couple of pence today so I bought some earlier. The ex-dividend day is Thursday and the discount has gone way up again to the 14%-15% range. A very small investment trust but a good play on the UK markets. better than an ETF at this discount. The downside is the lack of liquidity and the spread which is usually large. |
Net Assets Value is 216.14p |
I could not resist buying some this morning at 182.5p
I know the spread is big but a 15% discount to the net asset value is historically very high for this trust. |
In case you missed it, you can watch our webinar with BlackRock Income and Growth Investment Trust (BRIG) – 11 November 2021 here:
Full membership will be required to watch the recording. You can sign up for full ShareSoc membership here: hxxps://www.sharesoc.org/membership/full-membership/ |
Not long left until our webinar with BlackRock Income and Growth Investment Trust (BRIG) on Thursday 11th Nov. Adam Avigdori (Co-manager of BlackRock Income and Growth Investment Trust plc) will be presenting. If interested in tuning in, you can sign up here: |
Sorry I meant 188/198! |
Has the spread always been this wide 188/189? |
Has the bid and offer been always this wide? 188/198?? |
Likewise, iweb quoting 175 on Thursday, so topped up via Selftrade/Eqi @ 172p. |
The NAV is now 200.7p so the discount to NAV is now 14.3% at the buy price just now of 172p.
I can only buy at 172p with Hargreaves Lansdowne. My other brokers aren't giving me an online quote. |
I had an investment in JUKG which wound up from a similar discount as this. So I have just put the proceeds here. Portfolio looks ok so it'll either rise to a more reasonable discount or it will end up being wound up too. |
It is cheap in comparison with UK equity trusts in general. I looked at a few such as EDIN and TMPL and the discount to NAV tends to be 5% or less. The downside with BRIG is the spread which is 3.5% currently. However with the discount at over 13% I can live with that. |
Just added this as an investment. Looks cheap. |
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Price to buy is 172p
NAV is 198p
Yield is 4.24%
Factsheet: hxxps://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=packet_fund_class_doc_factsheet_private&id=4afb9ff1-5281-4ae6-a86b-a9b7663b3473&user=d1Rn%2bdcvufIXSZJ%2bFGQXnK3NC4nYwEL%2fzkJ2CJ71NsXDQo5habcxcPLi76J8jyoL&r=1 |
Price to buy is 172p
NAV is 198p
Yield is 4.24%
Factsheet: hxxps://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=packet_fund_class_doc_factsheet_private&id=4afb9ff1-5281-4ae6-a86b-a9b7663b3473&user=d1Rn%2bdcvufIXSZJ%2bFGQXnK3NC4nYwEL%2fzkJ2CJ71NsXDQo5habcxcPLi76J8jyoL&r=1 |
It took me over three hours to do and then when I went for my results the site crashed.
I reckon I did well though. I'm firmly of the opinion that I scored well into double figures |
Apparently I am a Visionary Philosopher.
Who am I to argue with that. |
My IQ was 88. Not bad, given I wasn't reading the questions, and was answering randomly. That means I'm less that 1 standard deviation below the average - average being 100, SD for IQ tests 15, I believe.
I was also told the following:
'You've got a very experiential way of learning and a strong mathematical mind. You're able to whittle even the most complex situation down to comprehensible component parts. In short, you have mastered the art and science of precision. That's what makes you a Precision Processor.'
A precision processor who gives random answers? |
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