raymund

10/2/2021 16:52

Read Full ThreadReply

Buys 4 x Sells today yet MMs still mark the share price down 8p!

wskill

26/1/2021 12:29

Read Full ThreadReply

Well I have bitten the bullet and picked up a few more just now,even though the yield gives little support .

wskill

23/1/2021 09:05

Read Full ThreadReply

It's also not well supported by its 2.3% dividend you might as well just go for a trust with good capital growth and forget the dividend.

tiltonboy

23/1/2021 08:26

Read Full ThreadReply

Aviva holding has been an overhang for years. A decent % was cleared recently.

The share buy-back has been renewed...but they don't use it.

trainsailing

23/1/2021 07:26

Read Full ThreadReply

Just stumbled across this trust. Can anybody explain why the discount is so large. Seems to be a solid and diversified top 10 holdings.

spoole5

20/1/2021 16:43

Read Full ThreadReply

Buy back coming. About time. Ridiculous discount

spoole5

10/11/2020 12:45

Read Full ThreadReply

19% discount now

spoole5

09/11/2020 10:22

Read Full ThreadReply

15% discount here for a quality global portfolio

shieldbug

04/9/2020 08:03

Read Full ThreadReply

Discount opened up when long serving manager, Lucy Macdonald left.

shieldbug

28/8/2020 07:29

Read Full ThreadReply

Bought some of this yesterday on the basis that NAV and share price are diverging.

poikka

08/6/2020 17:32

Read Full ThreadReply

No reason why it wouldn't pay the dividend, it's well covered by Revenue Reserves.

ygor705

02/6/2020 08:25

Read Full ThreadReply

Bought a few more at 777p this morning. Should still pay a dividend and with a discount of around 10% it looks reasonable value to me.

jontyone

18/5/2020 20:44

Read Full ThreadReply

Lucy Macdonald gone. New boys put in charge. Will keep an eye on this one for next few months or so.

topvest

23/2/2020 18:37

Read Full ThreadReply

Agreed. One to top-up on weakness.

ygor705

20/2/2020 12:53

Read Full ThreadReply

Another good set of results from Brunner with a 10% increase in the dividend with probably more to come. The discount to net asset value continues to narrow and debt refinancing has drastically reduced the trusts cost of debt. Looks a pretty solid investment to me.

davebowler

28/10/2019 09:07

Read Full ThreadReply

24 Oct based on the market value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 896.40p.

ygor705

19/6/2019 13:00

Read Full ThreadReply

I thought it worth noting a couple of changes to Brunner that had not happened at the time of my last post. Since mid-December 2018 the net asset value has steadily appreciated: nothing dramatic but a good solid performance. As this has happened, the discount has narrowed and now stands at c 9%. There continues to be a steady increase in the dividend which coupled with a bit of capital appreciation and a diversified portfolio makes the shares look very reasonable in a BREXIT dominated environment. Brunner is a quality name and well worth a look.

davebowler

22/8/2018 12:29

Read Full ThreadReply

11% below NAV

davebowler

22/8/2018 12:28

Read Full ThreadReply

21 Aug based on the market value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 877.17p.

ygor705

26/7/2018 19:45

Read Full ThreadReply

The growth in underlying net asset value has been modest since the beginning of the year with little impact thus far from the re-emphasis of the fund towards overseas investment. Nothing therefore to narrow the share price discount to net asset value - let alone achieve the premium and ability to constantly issue new shares that is being experienced by the likes of Scottish Mortgage Investment Trust. The good news is that the two quarterly dividends declared so far this year are c.15% higher than in 2017 pushing the yield up to over 2%. Worth sticking around in my view.

davebowler

01/6/2018 14:46

Read Full ThreadReply

31 May based on the market value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 867.69p.

ygor705

08/1/2018 13:23

Read Full ThreadReply

Bought more of these this morning. Good pedigree, a long record of dividend increases and a substantial discount to NAV. A big slug of high coupon debenture disappears this month which together with a refocusing of the portfolio towards non U.K. holdings will give more wriggle room on the dividend. Aviva still have a large minority in the equity that they don't appear towant (as a result of a 2016 takeover) but I cannot see them doing a disorderly exit. An interesting 12 months in prospect.

davebowler

12/8/2016 15:18

Read Full ThreadReply

16% below NAV

davebowler

12/8/2016 15:14

Read Full ThreadReply

11 Aug based on the market value of the company's long term debt and preference shares, the cum-income net asset value per ordinary share was 705.34p.