Share Name Share Symbol Market Type Share ISIN Share Description
British Empire Trust LSE:BTEM London Ordinary Share GB0001335081 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00p -0.58% 690.00p 689.00p 690.00p 696.50p 689.00p 695.50p 284,337 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 16.8 14.3 48.2 851.17

British Empire Trust Share Discussion Threads

Showing 101 to 125 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
19/7/2017
10:46
Link taken from the British Empire website: Http://citywire.co.uk/investment-trust-insider/news/british-empire-still-a-discount-play-as-elliott-fades-from-view/a1034582 Elliott Advisors is out, they have sold a bit (through CFDs), taking a juicy 35% profit, and their stake has now fallen below 5%. As the article says, they may never have had any "activism" in mind when they got into BTEM after all. Mention is made of the recent forays in Pershing Square and Japan.
vacendak
17/7/2017
12:10
HTtps://www.fundstrategy.co.uk/british-empire-trusts-bauernfreund-investment-trusts-holds/?cmpid=em~newsletter~fs_latest~n~n&utm_medium=em&utm_source=newsletter&utm_campaign=fs_latest&adg=7B585D29-AB77-4683-BD38-CCFAE5440F4C
davebowler
07/7/2017
15:53
I was about to post that one! :) Just received the email about the factsheet. The play on Hudson's Bay seems to be coming to a close. As stated in the document, it is becoming less likely for them to profit from an IPO on the real-estate assets out of the holdings. Good news about Japan.
vacendak
07/7/2017
15:46
hTTp://www.british-empire.co.uk/content/uploads/2017/07/British-Empire-2017-JUNE.pdf
davebowler
26/6/2017
08:28
British Empire might score big with Hudson's Bay in the near future - as they have always stated. This is premium access from the FT in their Lex Mercatoria column: "Hudson’s Bay: Street fight" Https://www.ft.com/content/093ea77c-582b-11e7-9fed-c19e2700005f Excerpt: "LBI has its eyes solely on the ground. It owns of 4 per cent of Hudson’s Bay stock. With the US physical retail sector collapsing, LBI wonders why Hudson’s Bay bothers to salvage an apparel business when it could just sell or rent its floor space to the likes of Tesla, or Apple or a Wall Street bank. Ditching retail looks more appealing every day. After a disastrous first quarter, Hudson’s Bay said it would slash 2,000 jobs and find C$350m in annual cost cuts. Its shares have fallen more than two-thirds in the last two years leaving it with a market value of just C$2bn. The company admits that the equity value of its property portfolio alone is worth $C8bn." And this is the letter sent to the Hudson's Bay board by Land & Buildings Investment Management: Http://landandbuildings.com/downloads/LandB_HBC_Press_Release_6-19-2017.pdf
vacendak
14/6/2017
15:08
The factsheet for May is up. Http://www.british-empire.co.uk/content/uploads/2017/06/British-Empire-2017-MAY.pdf The mystery Japanese investment has likely been revealed: Toshiba Plant Systems & Services. They had been mentioning for a while a position in Japan that had been re-entered. I assume this is it.
vacendak
13/6/2017
15:11
12/6/2017 Net Asset Value -- Debt at market value: 773.82 pence
davebowler
15/3/2017
14:56
The new factsheet is up: Http://www.british-empire.co.uk/content/uploads/2017/03/British-Empire-2017-FEB.pdf Positive read again, no complaint.
vacendak
15/3/2017
14:31
13th March 2017 was as follows: Net Asset Value -- Debt at par value: 767.56 pence Net Asset Value -- Debt at market value: 761.48 pence
davebowler
24/2/2017
13:43
Kinnevik has been mentioned in an article about Rocket Internet in the FT (premium content). Https://www.ft.com/content/f6e9ade0-f9b8-11e6-bd4e-68d53499ed71 Relevant bit: "The shares [Rocket Internet] tumbled 11 per cent on Thursday after Kinnevik, a former collaborator, halved its stake to about 7 per cent through a €210m placing." and this: "After selling half its Rocket shares at €19.25, a 10 per cent discount to the previous market price, Kinnevik was still able to claim a sixfold return on its invested capital, including dividends and scrip."
vacendak
17/2/2017
15:30
Full page manager interview in this week's IC.
spectoacc
15/2/2017
11:22
They have a policy of having fewer but bigger holdings, so I think a lot of it is reinvesting in their favourites
jimcar
15/2/2017
09:20
BTEM gone under 3% on BRWM - had escaped me that they even held BRWM. BRWM had a stunning run but struggling to sell it here whilst the discount's so wide - particularly compared to eg BRCI. What interests me more with BTEM is what they're buying instead? If eg DCI, EGL & BRWM no longer floats their boat, where are they seeing much better value?
spectoacc
13/2/2017
10:34
Big jump by 10p this morning, now a bit more muted 3p up.
vacendak
30/1/2017
11:37
@Stun12 Thanks. I knew I had heard/read about Vietnam Phoenix recently. I thought it had been in one of those articles/podcasts/interviews on "value investing" and BTEM that have cropped-up over the past few months. Always strange to read that things are going according to plan when investment policy is announced in advance. :)
vacendak
30/1/2017
11:27
Looks like it was going that way anyway. From December's portfolio report: "Our investment in Vietnam Phoenix Fund was restructured at year-end into an open-ended fund (two-thirds of our position) that will realise its investments over the next three months and return cash to shareholders along the way, and a closed-end fund housing the private equity assets that should do the same over the next two years."
stun12
30/1/2017
10:34
Off-loading some Vietnam Phoenix? Http://www.investegate.co.uk/vietnam-phoenix-fd-l/btem/holding-in-company/201701300956344504V/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Vietnam Phoenix Fd L%20Alert
vacendak
27/1/2017
10:45
Good article; HTtp://www.trustintelligence.co.uk/issues/7/articles/british-empire-investment-trust-profile-january-2016
davebowler
18/1/2017
15:29
Hudson's Bay still features as a case study on their website. They should update that indeed, the page was last updated on June 15th, 2015. They could swap that story for one about Riverstone. But well, you win some, you lose some...
vacendak
18/1/2017
14:58
They certainly don't get them all right - DCI was a notable failure, even after recent 100% bounce.
spectoacc
18/1/2017
14:44
Hudson's Bay seems to have come a cropper for them since
mw8156
18/1/2017
11:41
I went back in at 620p (slightly before the ex-divi date, which was unplanned so made for a happy coincidence), half expecting to register a loss since I was buying on the way up. It is still going up and it is currently at 650+p so I could survive a bit of trimming. Happy overall. Of course Lady Greed makes me wish I had gone back into it more convincingly. :) They have a strategy and re-assessed their tactics (end of 2015) with the more focused portfolio approach. I like when people have convictions and act accordingly.
vacendak
18/1/2017
11:06
Agreed. Not a holder anymore but hoping to get back in sometime. "With the portfolio discount at 27% (and the double discount at 35% when one adjusts for the discount on British Empire’s shares), there is still latent value in our holdings and in British Empire's shares. We also estimate that approximately half the portfolio could be subject to specific events in 2017 that would unlock value, with these ranging from IPOs or trade sales of key underlying assets, to restructuring and wind-ups. There is also no shortage of investment ideas, both existing holdings and new positions, into which we plan to recycle capital as it is distributed to us. "
spectoacc
18/1/2017
10:59
December factsheet out: Http://www.british-empire.co.uk/content/uploads/2017/01/British-Empire-2016-DEC.pdf Basically, a well deserved pat in the back for what they achieved in 2016. Despite all the good deals during last year, the discounts (effective and look through) are still wide, which is interpreted as still "more value" for 2017.
vacendak
05/1/2017
16:34
BTEM is still holding some LMS, these seem to be going nowhere. http://uk.advfn.com/stock-market/london/british-empire-BTEM/share-news/British-Empire-Trust-PLC-Listing-Rule-15-6-8/73549788 LMS is one of the few on the PE thread that is heading in the wrong direction. http://uk.advfn.com/cmn/fbb/thread.php3?id=26570589 Hopefully Mr Bauernfreund knows better.
vacendak
Chat Pages: 5  4  3  2  1
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