Diverse Income Share Discussion Threads

[waldron] 08/3/2016 15:23

TOTAL 21/03/2016 12/04/2016 Acompte 0.61€

[maywillow] 01/3/2016 12:06

VINCI

Agenda



19 avril 2016
Assemblée générale des actionnaires au Carrousel du Louvre - Paris
26 avril 2016
Détachement du coupon du solde dividende 2015
28 avril 2016
Paiement du solde dividende 2015 (1,27 euro par action)

[topvest] 13/2/2016 13:35

These are clearly holding up well. Good idea to have the FTSE100 put option. There's a rather embarrassing error in their interim valuation though - clearly the bust William Sinclair convertible loan notes are not worth £2,140k!! Can't believe this hasn't been written down to nil. It knocks about 0.5p off the net asset value.

[steelwatch] 27/10/2015 19:12

Jarvis Securities (JIM)

Q4 2015

Latest Announcement Date: 12 November 2015
Ex Date: 19 November 2015
Record Date: 20 November 2015
Last Date for DRIP Elections: 26 November 2015, 3:00pm
Payment Date: 10 December 2015

[robsy2] 15/9/2015 17:57

I'm fairly hopefull here as well. I like the space that he invests in. I have had such a rough ride over the years with AIM stocks that I have decided that it's an área where a good fund manager can really add value , lots of diversification and hopefuly the ability to get in early on decent stocks while sifting out the rubbish.....
R2

[topvest] 12/9/2015 12:23

Annual Report out. Impressive performance again. A few thoughts:
- Wonder what happened on the FTSE-100 5,800 Put and whether still in place after the August wobble. I suspect so as it has been extended to July 2016. Useful protection.
- Looks like they may have lost £2m on William Sinclair post year-end, but no doubt already factored in to the 90p NAV.
- Surprised that they have kept faith with Gable Holdings. I have recognised my mistake and sold as it looks fairly insolvent. Miton should have known better as there have been plenty of warning signs. Proof that they don't get everything right.
Overall, though a good trust and very happy to hold long term. Gervais Williams is a pretty good fund manager.

[shavian] 23/1/2015 21:49

Nice upward channel re-developing

[shavian] 18/11/2014 23:34

Is this the Quindell factor.

[ryandj2222] 22/7/2014 08:30

These c shares have now disappeared from my online account. Confused!

[mozart999uk] 03/7/2014 08:44

That's right :-)

[ryandj2222] 02/7/2014 08:10

I seem to have received 1 C share for every 3 DIVI that I hold - does that seem right? I didn't realise I would receive this.

[shavian] 09/6/2014 21:22

Investment trust Convertible class shares (C class) are created to widen the trust's capital base by raising additional money from the market. One this is fully invested, the shares are merged into the main shares of the Trust.

DIVI's C Class shares are trading at 54p, and the offer is at 50p, so this is a discounted way of eventually adding to your holding in the Trust.

[bluetooth] 05/6/2014 14:34

Anyone any thoughts on the offer - I'm away for a couple of weeks from tomorrow and don't have time to read the 127 page prospectus. I would be grateful if someone could summarise it in a couple of paragraphs:-)

[mozart999uk] 30/5/2014 16:04

so .50 a share. Anyone going for it?

[funkmasterp12] 02/4/2014 17:37

Well, the news has certainly closed the gap between share price and NAV. Will be interesting to see what price, if indeed there is one, an issue would be made at. My guess would be c. 80p.

[mozart999uk] 31/3/2014 19:34

Thanks Funkmaster :-)

[funkmasterp12] 31/3/2014 19:17

Mozart - if I've got this right (and I may not have) it would depend on the placing price and the market reaction. The wording of the RNS is curious - I read it basically as "we are trading well ahead of NAV so let's pump out a placing at a discount to slow it down a bit". Which short term could be a bit rubbish, but long term is a good move if they get a decent take up.

[mozart999uk] 31/3/2014 14:14

What would be the benefits of getting in on the C share issue?

[neilyb675] 27/3/2014 18:22

with Halifax you choose your DIVIDEND option, e.g. CASH TO BANK ACCOUNT, HOLD IN SHAREDEALING ACCOUNR .......OR DRIP.

DRIP has a major advantage in that it is free from dealing costs and stamp duty and the company does not pay you actual money but gives you shares instead, win/win.

[jeffian] 27/3/2014 11:48

If you hold shares in certificated form, the company usually send you the paperwork to opt for DRIP with the periodic reports. I'm not sure what happens if you hold in a Nominee account via a broker but in that case I assume you can instruct your broker to opt for dividends via DRIP and get the additional shares credited to your account.