Dunedin Income Growth In... Share Discussion Threads

[kiwi2007] 02/8/2024 03:58

Who killed the ESG party? | FT Film
ESG investing was until recently a buzzword in global finance, the party was in full swing, the marketing material was everywhere and the money was rolling in. But asset managers are no longer boasting about their environmental, social and governance credentials after poor performance, greenwashing scandals and a political backlash in the US. So who killed the ESG party? This film looks at the suspects

[chc15] 04/7/2024 07:48

Agree, had this for years, really poor, much better off in a tracker, will look to dump this maybe, and buy more 3i.

[bmcollins] 02/7/2024 02:16

I bought some on Monday, I like the portfolio, their nav has performed rather better than theit stock price which gives us yesterday a discount of 10 or 11% which on a quality portfolio and a yield of close to 5% seems a sensible time to pick them up.

[marksp2011] 27/6/2024 13:42

Someone is dumping stock into any sign of a price uplift.

Add to that the PIs trying to dump ESG and it doesn't make a happy story. Stock selection eg Diageo and NG hasn't helped either

I want to bail out but am underwater even though the FTSE is 500 points higher than when the share price was north of 290

1 year share price performance -1.4%
I year ISF Ftse 100 tracker +15.4%

[kiwi2007] 05/6/2024 19:50

Investors pull cash from ESG funds as performance lags

Sustainably focused equity funds suffer net $40bn of outflows in 2024, the first sustained exodus



Yes, I must admit that, in retrospect, I may have made a mistake investing here.

[kiwi2007] 17/5/2024 09:40

A significant discount to NAV is tempting me in.
Most long term posters on here could beat Ben and Rebeca's share picking but the discounts's too tasty to miss in this UK focused trust.

[wskill] 19/7/2023 19:36

Happy to see the investment capital not being spent on buy backs ,hopefully into DIGs very decent portfolio instead well done chaps at ABRDN let common sense prevail.

[marksp2011] 19/7/2023 16:15

Buyback?

PURCHASE OF OWN ORDINARY SHARES

On 19 July 2023, the Company purchased in the market 1,000 ordinary shares at a price of 282.0 pence per share. These shares will be held in treasury.

It is a concentrated portfolio. It will be more volatile than the closet trackers

[123ct] 18/7/2023 09:20

I am having a look at this trust again, the trust share price has fallen nearly 8% in a month and the discount appears to have doubled from 5 to 10%.

I cannot work out any reason for this, I know it has 10% in Astrazeneca and that share fell 6% in a day on news and a couple of the other biggest concentrated holdings Diageo and Unilever are bumping along near 52 week lows but if there are any views on why the share price has dropped so much in the past month I would be keen to hear as the benchmark FTSE all share has barely moved.

I also agree the buyback does seem a waste of money and there are other IT using buyback yet their share prices are still heavily sold off due to the underlying assets falling in value.

[wskill] 18/7/2023 08:42

Not the best use of the companies investment capital those whom would benefit to the full in the closing of the discount will be sellers.
The present 10% discount is a mere enticement to buyers nothing else it certainly persuaded me to buy yesterday .

The present discount is not huge only the ebb and flow of the market when sentiment changes around UK equities it will narrow buy more undervalued UK equities with the investment capital do not waste it on these buybacks which are without any merit I say .

[lurker] 17/7/2023 09:23

Agree with both of you...I have held for many years and last week pursuaded my daughter to buy some for same reasons...

[panshanger1] 17/7/2023 09:17

Welcome back Decent management low charges and decent yield Held for many years

[wskill] 17/7/2023 08:59

Bought in this morning in two lots used to hold DIG for many years sold out at a tiny premium some time ago ,But at an 11% discount and 4.8% yield it seems very cheap looking at the portfolio not too shabby getting an 11% discount on the quality holdings below.

Twenty largest equity holdings (%)
AstraZeneca 9.6
Unilever 7.1
TotalEnergies 5.3
RELX 5.3
Diageo 4.9
SSE 4.7
London Stock Exchange 3.9
Coca-Cola HBC 3.9
Chesnara 3.4
Prudential 2.9
Volvo 2.8
Games Workshop 2.6
Intermediate Capital 2.6
Nordea Bank 2.5
Taylor Wimpey 2.4
Hiscox 2.3
Sage 2.3
Weir 2.3
ASML 2.3
Edenred 2.2
Total 75.3

[panshanger1] 24/4/2023 11:59

New 52 week high

[panshanger1] 12/1/2023 12:03

Making some welcome progress here I notice the portfolio is more concentrated these days Will watch more closely going forward

[ec2] 24/2/2022 12:30

Had a very good run on these but have reduced my holding today. The very good past performance justified the shares trading around the NAV but in a risk off environment I can envisage a discount to NAV opening up.

[santa anna] 14/1/2022 14:38

Doesn't seem a lot of growth here in the past 9 months perhaps a different view towards investing outside of the UK would be more appropiate.

[chc15] 19/11/2021 10:51

Oh yes, sorry Ben still staying, sure they are huge, no real issue.

[ec2] 19/11/2021 10:48

Big support team and house views sitting behind the fund managers. The manager leaving is in the earlier stages of their career and is probably moving on to gain more responsibility somewhere else. Don't see there being any issue.

[bluemango] 18/11/2021 22:27

Yep, just the one and no big issue.

[panshanger1] 18/11/2021 22:20

I read that as only one leaving ?

[chc15] 18/11/2021 18:10

hmmm, both managers jumping ship, not great tbh .