Blue Planet Investment Share Discussion Threads

[jhan66] 02/5/2006 16:11

still monitoring Sberbank. Up 7.5% today, now 30% gain since mid March low point.
Hopefully soon up at their earlier highs and with any luck Blue Planet prices will track them again

[jhan66] 27/4/2006 10:44

Sberbank have positive news out

26.04.2006 Sberbank. Posts record net income; rating under review

up 5% yesterday & 12% in the month. should benefit all Blue Planet Trusts.

[foster] 27/4/2006 09:20

Jhan, thanks. I agree. With many investment trusts the reason for a wide discount is obvious. In the case of Blue Planet at the present time I cannot understand the high discounts or their movements. Like yourself, I see this as an opportunity.

Why did the BLP discount widen to 25% last December when the NAV continued to steadily rise? Why then did the discount disappear altogether in March. If you agree with the views of the investment manager, then buying at a large discount can reduce your risk. On the other hand, however good the manager's perfomance, I never buy or hold Investment Trusts at a premium.

I like to think the current 15-20% discount provides a buffer and limits the downside.

[jhan66] 26/4/2006 20:50

Hi foster, Sorry about delay in replying.
Not sure if any benefits really. Just keen on following & seeing exactly what the investment mix is.

UT/oeic's don't suffer the discount levels that have hindered BP's Investment Trusts, but I can't really complain about that because I've taken advantage of the discount movements in the past.

[foster] 24/4/2006 21:01

Jhan, I had missed that; thanks for flagging it up.

What would be the advantage of an oeic over the investment trusts, which offer generous discount, high gearing and (probably) lower charges?

[jhan66] 22/4/2006 09:50

just noticed couple of good articles on the Blue Planet website



(bottom of page)

PDF interview with FT & Money Observer from earlier this month. Worth a look & quite reassuring after strong short term growth.
Think I'll watch out for their oeic

[one for the money] 19/4/2006 09:20

Bought back 1000 for a small (maybe short-duration) punt on these. IMHO the discount to NAV - though NAV has fallen - is too great and the US interest rate 'rumours' of the end to the rate rises over there may just stir things up.

We shall see.

Cheers
john

[jimbox1] 19/4/2006 08:07

Since my post on 18/4, I see BLP has announced net asset value of 169.99 as at 14/4/06, so at 134, the share price is at a 21.2% discount to net assets. I'm no Stochastic, but the discount would have to widen to 33% for the share price to be 114p, other things being equal.

[cezary] 18/4/2006 17:20

I am waiting for the Stochastics to give me a clue when to get in, but I reckon around 114p...imo

[easy74] 18/4/2006 16:55

even at a discount, this is becoming one hell of a correction.
Not sure when to get in.

[maldone] 11/4/2006 14:36

Excellent stuff here!!

[easy74] 11/4/2006 14:35

belize1971...thnaks for the info.

RoyalT....it surely is.....the only thing that scares me is the amount you can sell if the share price falls.

[royalt] 11/4/2006 12:18

Looks good. Nice stonking discount tis a bargain

[belize1971] 11/4/2006 12:13

March's statement - BLUE PLANET EUROPEAN FINANCIALS INVESTMENT TRUST

Fund Manager's Review

In March, our net asset value ("NAV") rose by 0.04% to 173.61p against a 3.1% rise in our Benchmark Index. After a 17.7% increase in the share price in February, it fell 14.5% in March to 142.0p. The fall in the share price has led to the shares trading at an 18.2% discount to NAV, which, we believe, is unwarranted given our strong track record of outperformance. The longer-term share price gains are 124.1% in the last year and 435.1% in the past three.

This month's underperformance is largely attributable to short-term share price weakness in some emerging markets as US interest rates increased and we do not expect this to persist.

The Trust remains ranked 1st out of all 20 investment trusts in the European Sector, both in terms of NAV and share price appreciation over one year by Trustnet and 1st out of 19 investment trusts over 3 years. In terms of its ranking against all conventional investment trusts, it was 3rd out of 259 in terms of share price appreciation and 4th out of 246 in terms of NAV over one year.

Four of the companies we are invested in reported their full year 2005 results in March 2006. All were excellent.

- Credit Agricole Net Income (NI) up 51.9% to €4.2bn. Earnings per Share (EPS) rose 55.7% to €2.68. Return on Equity (ROE) was 15.8%, up from 13.1% in 2004. Asset management, insurance and private banking all produced very strong results in 2005. Credit Agricole have now completed the integration of Credit Lyonnais and the costs of this integration were much lower in 2005 than 2004.
- Banco Popolare di Verona. Results were reported under IFRS with limited restatements of 2004 data for comparison purposes. NI rose 36.6% to €597m. EPS was at €1.5. The Cost/Income Ratio (C/I) was at 56.1%. Costs were very well controlled in 2005 as business expanded.
- Bank Austria Creditanstalt. NI increased 58.3% to €694m. EPS rose 58.5% to €6.56. ROE was 17.9%, up significantly from 13.3% in 2004. Operating profits were over 20% higher and business in Central and Eastern Europe made a significant contribution to this increase.
- Raiffeisen International. Consolidated NI up 82.6% to €382m. EPS rose 44.6% to €2.79. Raiffeisen is expanding rapidly in CEE and Southeastern Europe. As part of this drive it purchased Aval Bank in the Ukraine in 2005. Aval Bank is one of the leading bank's in Ukraine and added a further 3.3m customers to Raiffaisen's bank network.

[royalt] 04/4/2006 20:31

Coming back nicely now.

[zapherz] 22/3/2006 23:30

Foster,

I'm in this one for a longer term punt. Considered selling a few weeks ago when the share price was just short of 170, but decided not to as such an action is usually a signal for the market to move off higher! So pleased with my top up and intend to hold for a year or two longer with this one.

Good luck to all holders.

Best wishes Z

[one for the money] 22/3/2006 16:54

Maybe concerns over russian holdings. 17% of BPL assets are in SBerbank which has done over-well recently and may drop.

[royalt] 22/3/2006 16:27

ANy reason why its continuing to fall? Supply and demand issues or problems with the trust?

30% odd discount!? to 20th March NAV!

[foster] 20/3/2006 21:09

Z ... well done and good luck; hope we get the anticipated rise.
The volatility of the last few trading days, for no apparent reason, is curious. It should be possible to generate trading profits from this, but is the share price being manipulated? I checked with Squaregain today for the maximum online dealing size from the marketmakers. Between 12:30 and 12:40 (at least) they were quoting a maximum of 3750 shares bid but only 100 shares offer! Take care, automatic stoplosses may fail and a potential profit can easily become a loss.

[zapherz] 20/3/2006 13:23

Foster - Got some this morning! :)

Z

[foster] 20/3/2006 12:30

Z ... another chance today!
Today's NAV declaration (171.85 pence per share on the 17th March) puts the discount up to greater than 20% again.
Good luck to all.

[zapherz] 17/3/2006 22:43

Damn - should have topped up yesterday!

Best regards to all holders

Z

[foster] 16/3/2006 14:27

ian, thanks for the research. Good links.

IMO BLP oversold at lunchtime today. Bought back in.