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Share Name Share Symbol Market Type Share ISIN Share Description
Blue Planet Investment Trust Plc LSE:BLP London Ordinary Share GB0005327076 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 27.00 25.00 29.00 27.00 26.50 26.50 0.00 08:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.6 0.1 0.1 385.7 13

Blue Planet Investment Share Discussion Threads

Showing 151 to 173 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
02/1/2008
15:01
We could do with a NAV update
jimbob220
13/11/2007
08:17
According to the latest breakdown of investments cash or near cash is approx. 25% of assets. Say 40p. Take cash out or net assets and share price and you pay approx. 80p for 130p of assets. Assets are at beaten down prices. Seems cheap to me but what do I know!!!
dwsmithdhf
09/11/2007
11:19
I agree, its not very consistent but you can make money from it if you trade it well. If you buy when discounts are about 35% to 40%, its usually a good signal ! Not quite there yet ;)
woracle
09/11/2007
10:23
I have had these almost 10years ,as a trust fund they are just making money for the directors who have taken millions in fees over this period. I think that they will recover dramatically in time but arn't a share to tuck away. I think shareholders should foward a motion at the next AGM that this trust be wound up due to poor performance over a long period, they have now gone defensive which isnt working and will lose out in any upturn.
malcolmmm
08/11/2007
22:51
Malcolmm - Do you know what - I did exactly the same as you and also wish I'd sold the lot now LOL. Anyway, all that's left is my profit in them from my original 96p purchase, gutting all the same. Good luck Regards Z
zapherz
08/11/2007
10:29
pleased I sold half of these at 200p wish I had sold the rest
malcolmmm
21/10/2007
12:22
Think the 26% discount at BPW will take a hit after the last few days. Trustnet are estimating the current discount at 24%, still very good though I personally think it will be smaller still. I'm trying to get a feel for the accuracy of Trustnet estimates at another company, Osprey. Dunedin & Osprey Smaller Co. IT's have similar holdings- Fenner, Laird etc. DNDL report daily OSP declare once a month. I was keen to buy OSP based on DNDL's recent performance. But Trustnet estimates have been making the discount somewhat smaller. Will wait for the current market drops to settle but I still think I can buy OSP at good value by tracking Dunedin.
jhan66
21/10/2007
11:58
The winter edition of Investment Trusts (just out) also has a very promising article on Blue Planet Growth and Finiancials (written covering the period upto beginning of Sept). This article was written by Fairfax I.S. Guess who's Blue Planet's broker?
joeycooper
20/10/2007
18:50
Now that depends.If Ken is still sitting on his hands this time (hopefully) - i don't think we will see an end of year rally (not in financial stocks anyway) this year. After yesterday,i wouldn't be surprised to see a further sizeable adjustment downwards. That bein the case,they really will be in a promising position. On BPW from here to NAV represents a 30% increase. The winter edition of Investment Trusts (just out) also has a very promising article on Blue Planet Growth and Finiancials (written covering the period upto beginning of Sept). These have much more potential than many others for rapid upward movement when the sector bottoms. Massive discount to NAV,still to early to say he's wrong - this has a lot longer to play yet. I'll continue to be a buyer while the discount to NAV is around or greater than the 25% mark (as it is with BPW)
carterit
20/10/2007
08:14
Woracle, I agree.This is defensive spin.
mikey34
14/10/2007
10:48
Well, Sept was a storming month and Bernake did cut rates so Ken has yet again missed out on the recent recovery. Moreover, the 3rd Qtr US banking season did reveal losses but not as badly as most feared. Barclays Cap statement last week was more evidence that Ken is wrong at the moment. I wonder what Ken will do if the usual end of year bull run starts gaining momentum ?
woracle
14/10/2007
10:40
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."
goldlocks
14/10/2007
10:30
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? http://www.blueplanet.eu/blueplanet_news.8.html 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."
goldlocks
14/10/2007
01:11
Wouldn't disagree on the timing,and the upside is going to be limited if the markets keep going up (with so much in cash and hedged),however as mentioned before,i think we may still have a sting in the tail over the next few months - and in terms of discount to nav (and limited downside in the event of another fall),there aren't many investment trusts on a higher discount. Its size and current lack of gearing still give it the potential to recover pretty quickly in a more predictable market....and its performance over the last 3 years has still been pretty impressive according to trustnet,so i'm certainly prepared to wait to see what happens over the medium term.
carterit
13/10/2007
20:41
"They predicted the fall in share prices earlier this year,and ungeared.Where they went wrong was to go back into the market too soon." I think you are being a tad generous to Murrays' timing of the markets. Yes he was predicting a major correction and he went heavily into cash too early and the market carried on to new highs are which point he rejoined the party near the top. Once he was back to fully invested, the market corrected... Bit of a disaster timing wise his year...
woracle
13/10/2007
19:54
Considring the % in cash and liquid accounts + the hedging,the discount to nav by itself (and even more so with BPW) is attracative. They predicted the fall in share prices earlier this year,and ungeared.Where they went wrong was to go back into the market too soon. Can't help feeling that with the financial crises we encountered recently isn't yet fully over - and as such it seems crazy that so many markets are back up to record levels. I fear that reality may kick in shortly and we may have another fall back within the next few months (although hopefully not as severe as the one just gone). So am happy at the moment that any further downside will be limited and may just provide even better buying opportunities. When the future looks a little bit more predictable,then i still think this (and BPW even more so) have the potential to bounce back just as quick. Any share price appreciation + narrowing of the discount to nav (don't forget BPW even went +ve by some 15% earlier in the year) can lead to rapid increases - so am happy to hold (both) at present.
carterit
12/10/2007
23:36
these have risen about 40p in eight years yet they get all these awards....good trading share but not one to keep over the long term perhaps
malcolmmm
05/10/2007
17:25
Perhaps Murray's personal hefty stake in the fund clouds his view and he is become over cautious, I still think discount to net asset value should be narrower because of this.
malcolmmm
05/10/2007
09:46
Woracle, thanks, I stand corrected. This used to be a good fund, but seems to have gone off the rails recently.
jimbox1
05/10/2007
08:35
Not true..the hedge fund is still about 13% as of last week and more in the other funds. Hes creaming it in double fees ;)
woracle
05/10/2007
07:53
It's a relief that the in-house hedge fund no longer features in the reported portfolio, but Murray's touch on market timing seems to have deserted him. If I wanted to be in cash, BLP wouldn't be my ideal choice. I'm out.
jimbox1
03/10/2007
11:42
Don't you think that the share price should reflect the fact that these are no longer geared and that a quite a high percentage is held in cash funds, ie- the net asset value is £1.74
malcolmmm
31/7/2007
12:31
It just means they can be overtaken if price is right. Stating the obvious, but but we all known consolidation in financial services industry in Europe is ongoing right now. Thats one good plus for investing in financials.
woracle
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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