Blue Plan.uts Discussion Threads

[tuckswood8] 25/1/2007 16:55

....................1-month chart against FTSE All Share Index....................

[jhan66] 21/12/2006 18:42

tuckswood- wonder if it's not too early to get back in?
SBer up 5% in a week, BPFU down 5%

[tuckswood8] 15/12/2006 09:41

Agree totally jhan, hasn't quite reached my target but it has been a good run and I am also now out of BPFU, although I have retained a small holding of BPFV as I believe the warrants are now undervalued relative to the units.
This trust has been the best performer in my portfolio over the last two years and I am confident that the management will adjust the holdings in the light of changing situations, and I too will be looking to buy again.

[jhan66] 14/12/2006 15:02

Blue Planet have done great service for me over the last two years, but with the discount narrower than I've ever seen it before plus issues in Turkey & Russia I thought it was prudent to take a holiday.
will look to buy these old friends again

[jhan66] 01/12/2006 14:36

Sberbank still growing strong, so hoping for another step up in NAV on Monday.
rough increase in sberbank~
107% since Jan
45% since July
8% in last month

[tuckswood8] 25/10/2006 16:58

Discount down to 18.4%

Topped up units on Monday 23/10 and now showing an overall gain of 25.1%

I still feel there is more to come.

[tuckswood8] 11/10/2006 14:00

I am looking for 15% discount to NAV by November with a strong rise in NAV to the end of the year. Expect to see £2.80 by January.

Still keen on the warrants; bought more a couple of weeks ago and my split is now BPFU 50%/BPFV 50%

Now showing a true gain of over 17% on total holdings since I went in again in July. BPI have got things together again and this time G&I are going with the other ITs.

[jhan66] 11/10/2006 12:22

well, got the 12% & a little bit extra

[jhan66] 05/10/2006 19:25

fully diluted NAV now £25.15.
Highest since 15th May when 20% discount gave a share price of £2.065

To achieve parity on NAV discount, the share price needs to rise 12% to £2.00

[pscambler] 15/9/2006 10:17

Thanks Tuckswood.

Interesting re hedgefund. Buy BPFU and sell the underlying, nice arb if it wasn't for spread and interest charges

P

[tuckswood8] 08/9/2006 10:53

....................1-month chart against FTSE All Share Index................


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[tuckswood8] 08/9/2006 10:44

....................2-year chart of Blue Planet Investment Trusts............


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[tuckswood8] 08/9/2006 10:07

Pcscambler,

I have never had any problems setting a stop-loss or selling BPFU or BPFV online with TDW. My warrants are listed as Units of warrants 1 - 10. I place my orders using the normal share trading screen not the fund supermarket one. This may possibly make a difference.

I am not sure that the suggestion re. discount would have the desired effect. BP Management have been buying BPFU regularly and the hedge fund now holds 4.5% but this has not reduced the discount. I do think that the structure of the trust and the long complicated name deters some potential investors, but you will recall that at the EGM the proposal to change the name was thrown out.

I bought some more BPFV a couple of days ago and the price seems to be moving along nicely at present.

[pscambler] 04/9/2006 16:52

Tuckswood,

I use TDW and they list my warrant units as the underlying 10 warrants. Are you saying that TDW allow you to set a stop loss (and subsequently sell) the warrant as a package unit?

I think BP should try and address the discount issue, maybe by getting rid of the old structure which has long sicne served its purpose. It would not be fair on BPW to merge, but it would help shareholders of both trusts if BPW started to buy BPFU (obtain underlying shares at a discount and reduces BPFU discount) until discount reduced to less than 10%

[tuckswood8] 31/8/2006 09:26

Agreed the spread on the warrants is typically twice that of the ordinaries but the potential rewards on any price rise are also much greater. I don't think that the trust is constrained by the general market conditions at present because of the large discount to NAV compared with BPW. There has to be a partial correction in the near future and the warrants stand to benefit more from this.
Last year my holdings were split 40%BPFU/60%BPFV, at present I have 80%BPFU/20%BPFV so I am not now as confident of the warrant perfomance, but I consider the potential is worth the risk. I use TDWaterhouse and have never had much trouble dealing in the warrants... the only poor result was in May when my warrants were sold 20p below my stop-loss in the rapidly falling market.

[woracle] 30/8/2006 23:06

The warrants have a 10% spread so price needs to go up about 11% just to break even after costs. They are so illiquid, that in any market correction, you'll get wacked before u can sell. Personally I dont do warrants when its a jittery and rangebound market like now. In a clear bull market fine..but i wouldnt mess with the warrants at the moment. The ordinaries are doing just fine !

[tuckswood8] 30/8/2006 16:39

I'm now up my 15% target since buying back into BPFU in July. The warrant price hasn't moved and I believe these once again represent a good opportunity.
Bought some warrants this afternoon at 990, which nudged the price up a little, and expect to see another strong run with the discount down to around 15% by November.
I think that investors are deterred by the structure of this trust and so discount will always be greater than BPW, but if you study the results and factsheets on the Blue Planet website then this has to be the one to be in.

[woracle] 29/8/2006 14:14

Sber up 13.7% today. Thats about 2.5% onto NAV alone..

[jhan66] 22/8/2006 08:44

£2.42 nav posted last night, versus share price of £1.78 ish. (-26%)
highest level since May 15th when share price was £2.065

Would like to see an all time high for NAV soon. Just 7% to catch up then let's see the discount come down again.

[jhan66] 15/8/2006 08:24

Well that's the share split done.
Before that, last NAV was £23.39, 9.5% from highest it reached at £25.84. If the share price got to 9.5% of May high, it would be £18.70. So a little more to come perhaps + +ve comments on European Banks which ought to help BPF portfolio

[jhan66] 10/8/2006 20:27

nice chart foster.
All time high with 125% growth in last 12 months & 100% the year before.
just the sort of numbers you want to hear about 18% of your portfolio

[foster] 10/8/2006 11:11

jhan...for a Sberbank chart, try...

[jhan66] 08/8/2006 16:32

£17.08 @ close is still 26% discount on fully diluted NAV.
Going in the right direction but they're all blue-chip Bank stocks, & worth a smaller surcharge.

Virtually the same as BPW portfolio which is on a 12-15% discount, probably about right. That would put BPFU around £20 each.

[woracle] 03/8/2006 14:56

Yes, u can monitor most of them in real time. The french assets have done well recently too.

[jhan66] 03/8/2006 12:42

just took a look at RTS via ADVFN! should stay here.
up 9 - 11% today. a good omen