We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Blue Planet Investment Trust Plc | BLP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.75 |
| Top Posts |
|---|
Posted at 30/8/2022 20:00 by topvest Yes, they took a monumentally stupid decision to invest in technology story stocks just before the music stopped. It's always the last investors to jump on the bandwagon that lose the most. Funny thing is that they pride themselves on macro calls. Indeed some of their macro summary writing has been very interesting. Anyway, this is not looking too clever. They will probably switch into value stocks when they become the next hot thing in a few months time! Only have a tiny holding...thankfully |
Posted at 11/10/2009 00:51 by malcolmmm no just a canny investor making a mint on these, see previous posts.......you lose out JC ? net asset value 105p still a nil brainer, these will be 200p in a years time IMO |
Posted at 14/10/2007 10:40 by goldlocks Sorry, the article of 17 August 2007 is actually the one in which PR gives the false impression of having outperformed and timed the market well:Edinburgh PR news release - We are Entering the Worst Banking Crisis in Decades - Stock Market to Fall by another 20% On the 3rd April 2007 Blue Planet Investment Management, the manager of some of the most successful financial funds in the world, issued a press release (copy attached) predicting that the bear market had started, the credit cycle had turned and that stock markets would fall sharply. Ken Murray, who manages Blue Planet's Worldwide Financials Investment Trust, the 2nd best performing financials funds in the world over 3 years and the best performing investment trust in the UK in 2006, has the following sobering prediction "Just as that was predictable what will happen next is also predictable. We are entering one of the greatest banking crises in decades. The credit cycle has turned, bad debts are soaring, banks will go bust and stock markets will fall much further. People need to be told the truth as opposed to being spoon fed palliative words." The Problem: Stock markets have fallen as investors have begun to appreciate that banks are facing "liquidity problems". These liquidity problems relate to the short end of the money market. However, this is only a symptom of much deeper problems - mounting bad debts and the inability of banks to sell on loans that they have originated in the expectation that they would be able to re-sell them. The instruments most affected are securitised mortgages and loans to fund private equity transactions. The market in mortgage backed securities has now all but ceased to exist as investors, hurt by huge potential losses, spurn them. Indeed, early indications are that losses on mortgage-backed bonds will be huge. Merrill Lynch recently tried to sell mortgage-backed bonds it seized from the failed Bear Stearns hedge funds and failed to find any buyers after allegedly offering them out for as little as 11 cents in the dollar. The true extent of these losses will become apparent when banks and funds next have their accounts audited. Investors are now very fearful of those markets and it is unlikely that any meaningful liquidity will return to them for a long time. It is the lack of liquidity in asset backed securities markets and the unwillingness of sound banks to lend to troubled banks that is generating the liquidity problems in the money markets. Ken Murray adds "Banks understand the situation that is developing and they are increasingly unwilling to lend to other banks that they perceive to be risky. Investors should take heed of this warning." The inability of banks to sell on loans that they have written for re-sale causes them serious liquidity and capital adequacy problems. Often when banks commit to provide loan facilities they do so without knowing whether they will be able to sell on the resultant assets. Some banks have become complacent about this risk following a period of good demand for such securities and saw these facilities as no more than bridging finance. A collapse in demand for these securities means banks can no longer sell them on and what they grew to see as bridging finance is now fast becoming long term finance. Furthermore, the banks that are experiencing liquidity problems will see those problems worsen. This is because they have already undertaken to lend an estimated $330 to $420 billion of loans much of which they will be unable to sell on with the consequence that those loans will have to be retained on their own balance sheets: balance sheets which are simply unable to sustain them. Every time a loan is drawn down cash goes out to be replaced by highly illiquid, poor quality assets that no one wants to buy. Ken Murray says "this conveyor belt of death will suck the liquidity out of investment banks and fill their balance sheets with bad debts. I would not be surprised to see one or more of them become insolvent in the near future." We have no doubt that central banks will act to try and avert the rapidly developing crisis but there are limits to what they can do. Supplying liquidity through the money markets will mask the problem and hide it from investors for a while but it will not resolve it. The Worst Has Yet to Come: Not only do the affected banks face a growing liquidity crisis (one of the major causes of bankruptcy in the banking sector) but they also face a more serious problem, albeit one that will take longer to develop. That is the problem of a rising tsunami of bad debts which will go on to overwhelm many of them. Years of excesses in the investment banking markets and the $8 trillion US mortgage market are coming home to roost. Bad debts in the US mortgage market are already at record levels, with worse to come. $275bn dollars worth of mortgages are due to reset to higher interest rates between now and the end of December. In 2008, a further $684bn will reset. Many borrowers will not be able to meet these higher borrowing costs and will go into default. By then unemployment is likely to be rising as the credit cycle bites and economies slow. This combination of rising unemployment and interest rates is the "worst case scenario" so far as lenders are concerned. Bad debts are set to soar. How to Make Money from the Crisis: These problems do not affect all banks. Retail banks in strong, soundly run, emerging economies such as Russia continue to grow rapidly and should be largely immune from these problems although they may suffer short term price weakness. The problems are, for the time being at least, restricted to investment banks, other banks that have been active in the capital markets and US mortgage lenders. In addition to the originators of these loans, the other main losers will be investors in securities derived from them. Ken Murray says "It will take about 12 to 18 months for the banking market to absorb these losses and to stabilise at which point there will be good investment opportunities to be had. Blue Planet has liquidated investments, stripped our portfolio down to a small group of retail banks with good growth prospects and that are not exposed to these problems, eliminated gearing, hedged our remaining investments and raised cash in anticipation of much steeper falls to come in shares. We have locked in some of the very large profits we have made in recent years and armed ourselves with cash so that we can re-enter the market when it has stabilised." |
Posted at 14/10/2007 10:30 by goldlocks There is a link on VP's website to an article in which PR gives the impression outperformed that he anticipated the sharp fall and his funds outperformed the market! What do you think of this?Blue Planet anticipate sharp fall in September Ben Bernanke's says "It is not the responsibility of the Federal Reserve nor would it be appropriate to protect lenders and investors from the consequences of their financial decisions." The message from Ben Bernanke's address to the Jackson Hole meeting is clear. There will be no cut in the Fed Funds rate in September, there may be a cut in the rate at which the Fed lends to banks if liquidity problems persist in the short end of the money markets and investors will have to bear any losses they have sustained as a result of risky and poorly controlled lending. Mr Bernanke's views were predictable and reflect the long held view of virtually every central banker in the world. For them the avoidance of "moral hazard" is central to ensuring the stability of banking systems and it is imperative that those who engage in imprudent lending bear the losses that arise from it. Such a view is unlikely to ever change. It was therefore not surprising to have him state "It is not the responsibility of the Federal Reserve nor would it be appropriate to protect lenders and investors from the consequences of their financial decisions." although it may come as a disappointment to many in the market who thought otherwise. The Fed is also, again understandably, pleased to see that underwriting standards for new loans are being tightened and that banks have become more risk averse in their lending. Inflation is under control, the economy is growing and as he notes, in any event cuts in short term interest rates would do little to ameliorate the problems arising from irresponsible lending practices in the past. In short, the Fed is content with things the way they are. In essence, the Fed will not be bailing out any lenders or investors who suffer losses arising from imprudent lending in the US mortgage market and as Mr Bernanke notes "delinquencies among this class of mortgages (sub prime) are likely to rise further". Investors should heed his warning. The stockmarket's apparent lack of understanding of the looming problem is alarming. Ken Murray, CEO of Blue Planet Investment Management, comments: "Markets have been rising recently in the belief that the Fed is going to cut interest rates. Consequently, there is likely to be a sharp fall in September when they are not cut and the losses that are building in the sub-prime market re-assert themselves. Blue Planet has hedged all of their Funds covering between 40 and 55% of all assets. This is in anticipation of the re-emergence of the serious and large losses that are building in the banking and fund industries which are not going to go away quickly, contrary to what some in the market believe." |
Posted at 18/7/2007 14:34 by jimbox1 Woracle, I agree that the hedge fund investment is most unsatisfactory. This incestuous behaviour has not worked in favour of BLP investors. In fact, quite the reverse. |
Posted at 15/3/2006 10:47 by cezary Polish Government wanting back control of Polish Banks from Western Investors. |
Posted at 30/9/2005 14:52 by jhan66 all three Blue Planet Trusts are flying. I bought BPW 2 weeks ago and it's up 25%.Wanted to sell today but changed my mind when i saw this bold statement in the accounts- Our share price rose 53.5% during the year to 87.5p. With a net asset value of 116.46p this equated to a discount to net asset value of 24.9%. We do not believe that this discount is justified given the quality of our portfolio, our past performance and our future prospects. Accordingly we believe our shares are undervalued and should be attractive to investors who like the financial sector and who want to buy into a quality, well managed portfolio at a discount. Shareholders can view the Company's share price and other information about iton the websites of Blue Planet Investment Management (www.blueplanet.eu.c (Sorry, I know its not BLP, but they're all pretty much the same investments) |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
