British & American Inves... Share Discussion Threads

[nicolaw] 04/8/2021 20:09

just started looking in to this company but there is not much around.... even their website is basic. i am impressed with the div yield.. 15%!! but seems too good to be true! as bisiboy mentioned they are investing in diff trusts so have lots of fees. trying to figure out more on their business. appreciate any redirection of website recommendations.... thanks

[bisiboy] 10/4/2021 17:43

just taking a look at these. not spent much time but can anyone tell me what the attraction is seem to have very high charges as % of capital on a premium to NAV and invest in funds that invest in other funds like aberdeen diviersified income so tripple charges! is there anything i am missing (feel like i must be)any hidden value for instance or should i just move on? appreciate the views of those who are more familiar with the company.

[plasybryn] 12/11/2020 15:57

Why is it doing so well. Ex dividend 19th November

[paul217] 06/11/2020 12:29

This is a lovely Investment Trust. I've been an investor for many years. Shame it's taken a dice this last year or two but I've kept the faith and will continue to do so.

[plasybryn] 06/11/2020 12:03

Dividend We intend to pay an interim dividend of 2.7 pence per ordinary share on 10 December 2020 to shareholders on the register at 20 November 2020. This represents an unchanged dividend from last year's interim dividend and a yield of approximately 9 percent on the ordinary share price averaged over the period. A preference dividend of 1.75 pence will be paid to preference shareholders on the same date.

[paul217] 06/12/2019 09:02

Utter tosh. I've been in this trust for 10 years. Paid £5,000. Stock now worth £2,400. BUT, I've had approx £7,500 in tax free income. I'm a 40% taxpayer so happy days. I believe I will continue to get decent dividends. I couldn't care less if I lost the whole share. I've had £7,500 out of it. Beat that!

[carlsagan1] 23/5/2019 18:54

Does anybody have experience with brokers X-O(by jarvis) or iweb-sharedealing(by halifax)?? As ii have increased theres fees again(from £90 a year to now £120/£240), along with the bugs, its time I finally left them, Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees,

[solarno lopez] 23/5/2019 09:05

Thanks Specto

[spectoacc] 23/5/2019 08:49

NAV (XD today) c.27p, share price 38p. 7.6% ongoing charge too, on a co with total assets of c.£20m.

[solarno lopez] 23/5/2019 08:44

Thanks Topvest

[topvest] 23/5/2019 08:43

The dividend is not sustainable, as flagged in the Chairman's Statement. The dividends have effectively been out of capital for years. High dividend, but significant capital losses.

[solarno lopez] 23/5/2019 08:40

Okay chaps 20% yield what am I missing

[babbler] 06/11/2018 21:18

Hmmm actually yesterday's rns has nav at 38! Hmmm....

[babbler] 06/11/2018 16:15

Seems to have got to nav today...

[spectoacc] 06/8/2018 14:01

"NET ASSET VALUE British & American Investment Trust PLC announces that, as at 31st July 2018, the value of the group's investments and cash at banks was GBP19.3 million and the unaudited consolidated net asset value of the company was not less than 37.1 pence per GBP1 ordinary share (prior charges deducted at par) and 55.1 pence per ordinary share on a fully diluted basis. " I'd be tempted at 30p.

[petewy] 06/8/2018 11:53

The spread is ten. 75p to buy but a great divi. Looks tempting.

[spectoacc] 02/11/2016 16:30

Certainly a weirdo trust, this one - what I don't get is why anyone would trade on that sort of spread. They do though - MMs taking them to the cleaners. (Eg today are trades at 100p & 75p).

[coolen] 31/10/2016 22:36

Large number of trades suddenly. Guesses as to why -prompted by Lucky Mouse, perhaps ?

[topvest] 31/10/2016 18:36

Yes, this company is priced not to trade. Very expensive versus net assets and dividend yield is totally unsustainable. There will be a devastating loss of capital for anyone buying these shares unless the speculative pharma investments come off in a big way.

[luckymouse] 31/10/2016 08:54

Rip off spread unfortunately

[topvest] 14/9/2015 13:34

Enormous spread on this...80 to sell 100 to buy. Someone just sold 58,000 at 76p - crazy!

[topvest] 30/4/2014 16:13

The answer is yes. A roughly £2m distribution from capital. This policy will be seriously derailed by Geron not coming up trumps or a bear market. It is not sustainable. Why it's worth a 20% premium is anyone's guess!

[topvest] 25/4/2014 08:21

Yes, be interesting to see if they continue with the dubious dividend policy next week.

[coolen] 13/3/2014 19:58

Yes, Geron tumbled by 60% yesterday which again begs the question of why the board of a listed investment trust chose to gamble such a large slug of shareholders' funds on this one stock ? Why, out of all the possible investments available to it across the world, has this one investment trust gambled on this one stock ? And why no RNS yet from the investment trust to admit to its latest disaster ?