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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% 24.00 22.00 26.00 24.00 22.70 23.50 610 08:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.6 0.1 0.1 342.9 12

Blue Planet Investment Share Discussion Threads

Showing 201 to 222 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
12/1/2013
23:59
I also emailed to the fund management, unfortunately without receiving any reply from them, to ask why they didn't buy back their shares when it was on discount of 40%, meaning they can spend 60p to buy 100 p NAV, a instant return on investment of nearly 70%, while they spent money to invest in companies like France telecom, which may never bring a return of 70% in many many years. To me it didn't make sense for them to have high borrowing in the fund to invest in fixed income, which at the moment is on very low yield and has the high likelihood of making capital loss as the low interest tide will turn sooner or later. Also I strongly suspect that the borrowing cost incurred may be way higher than the interest that they get from the fixed income they invest in, all in all making no sense except that a bigger gross fund asset will bring them more management fee, i.e. benefiting them the managers, not the share holders.
ceaserxzy
12/1/2013
23:50
The quality of the management has improved but still not perfect. Not sure why they recently moved away from Financial to invest in fixed income and other shares like ISAT, France telecom etc while all the financial stocks like BAC, GS, Barc, lloy are all flying. Their timing of getting in and out of stocks seems always out of sync with the market. One stock they do get right though is their buying of Ford, which seems to be timed perfectly. The other drag on this fund is the very high running costs, way too high at more than 5%. Only great performance can justify and absorb such high expense ratio.
ceaserxzy
12/1/2013
21:20
Yes, best outcome is to get a proper manager in rather than the existing team who are pretty useless in my opinion.
topvest
12/1/2013
14:47
Yep they've changed the portfolio mandate to a global large cap focus and are rotating into income stocks, a proper dividend resumption is due and at 35p its still on a discount of 15% or so. And as I mentioned in an earlier post, there's also the possibility that the manager wants now to realise the 30% ownership (recently transferred to his wife in a low tax jurisdiction) at somewhere near NAV, which would be great news for discount shrinkage.
erstwhile2
11/1/2013
21:24
Every dog has it's day - yes, quite a re-rating. Would be nice if something good happened to this one as it's been a disaster for far too long!
topvest
11/1/2013
20:25
Something going on here?
malcolmmm
08/11/2012
13:16
Can someone tell me more about this share - it's not listed on Trustnet. The chart is a disaster - until last five months when it showed a fairly emphatic bottom. The mcap seems tiny at 12.8m, and the discount is substantial. Any info gratefully received.
brucie5
09/10/2012
11:07
With NAV around the 40p mark they still seem cheap to me
malcolmmm
24/8/2012
19:49
In fact the best way forward for this company is to divest and wind-up to return whatever value left to its owners. Considering that the investment that they are holding are very liquid and can be sold off easily, this will realise a nearly 70% gain to its current market value. Unfortunately I cannot see this happen as the directors and managers will continue to use this little vehicle to milk the little shareholders. I fail to understand why Mr. Murray is in it as he must have lost a fortune on his 25% holding over the years, unless he has got a really really big pay in one way or another from the company.
ceaserxzy
24/8/2012
19:43
There is indeed great value in this little investment trust, only if one can trust the directors and the managers not to destroy the values or line up their own pockets. It is difficult to understand why they invest money in companies like BP, Total etc while they can spend one pound to buy 1.7 pounds of value if they buy back their own shares, that is an instant investment gain of 70% while investing in companies like Total and BP may not earn a return of 70% in ten years!
ceaserxzy
24/8/2012
16:28
Like this finally as a potential value catalyst trade. 22p vs NAV of 37p so c40 discount [the VALUE]. Portfolio migrating to bland global equity value plus a few bonds. All the Blue Planet trusts consolidated to this one, so TER falling even if still daft high. Ken Murray still owns 25-27% of it. Well he did, but ownership of the holding company where the BLP are located has been transferred to his wife, so possibly lining this up for a tax effcient exit (ie openending the trust or liquidating at some point) and realising the discount [the CATALYST]. Also - there's a small buyback been instigated plus Murray been buying more personally down at these levels. All in all, risk loads lower from the good old days of it being an illiquid EM punt fund for Murray who proved himself to be not very good at market timing.
erstwhile2
25/6/2012
10:36
Again a good trade at around 16p and still a ggod buy at the preent price, big buy 150k at 25p
malcolmmm
20/6/2012
21:55
Agreed - they keep buying and selling continually which is a mugs game. It's a dog. Almost sold at the top, but didn't manage to sell them. Regretted ever since. The worst investment trust I own by some margin!
topvest
20/6/2012
10:56
so badly managed though. schizophrenic strategy and endless churning Should just buy a bundle of large cap banks that are too big to fail and sit back
undervaluedassets
02/4/2012
22:48
They are at a 60% discount to NAV which as they are merging all the trusts and changing their investment policy to close the NAV gap , could be a bargain
malcolmmm
29/5/2011
11:48
I thought robert max. was a bandit.
joeycooper
14/10/2010
23:08
Not much of a bounce on these :(
zapherz
23/6/2010
13:43
ISA23 I totally agree and have been telling them that for years, whilst I made on bank shares and prefs their share plummeted, they should have wound up this failure of a fund years ago........ they claim that they have won awards but the fact remains that they are way below the lunch price of a 100p ten years ago. I think that as the founder/director has 26% of his own money invested it is inhibiting the proper running of the fund
malcolmmm
14/6/2010
20:37
The managers should be ashamed of themselves! They were 70% in cash during the Feb-Apr rally, then a near 50% gearing mid Apr just as the market started plunging, then selling out at the lows again in late May just as the market is turning up. Now that's what I call Genius!! and in the meantime charging 3.5% plus in management fees. Daylight robbery?? Stupidity incarnate? They have them all...
isa23
07/6/2010
16:55
this trust needs to get a zionist banker on board
joeycooper
27/5/2010
23:26
the chart may look awful but i reckon this one is due a bounce with the financials recovering their losses of late
empirestate
20/10/2009
23:56
sold mine at 175p and bought back at verious stages, not a bad div , I have been moaning to them about the lack of a decent div for years
malcolmmm
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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