British & American Inves... Share Discussion Threads

[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 ?

[topvest] 13/3/2014 15:25

Looks like the share price has fallen reflecting Geron Corps halving of their share price. I wonder whether they were stupid enough to put more money into Geron at $4 before it crashed to below $2?

[coolen] 20/1/2014 21:13

And only one jobber left in the stock..... ! Says it all, does it not TopVest ?

[topvest] 20/1/2014 20:22

I'm amazed this went so high recently. It's betting the house on a loss making pharma business. They may be lucky and it all comes good, but I think this is a bit of a house of cards until they get their investment strategy sorted out. They should 1. Sell the speculative pharma business whenever they get a decent opportunity and 2. Stop destroying value through buying shares just before they go ex-dividend which is a totally stupid investment strategy and 3. Re-base the dividend as any fool can see that the dividend record is all a bit of a sham and just a return of capital.

[plasybryn] 20/1/2014 17:34

What is going on here?

[topvest] 15/12/2013 08:45

Well this one has bounced back. Seems I sold at the wrong point!