Eaglet Share Discussion Threads

[philjh] 13/2/2001 21:30

Agree could do worse, BUT the trust invests in 34 companies. You could therefore, in theory at least, end up choosing the worst 4 performers only .
In the Citywire article Webb reported that the shares were trading at only 1% above NAV (price then was 441p)

[liveinhope] 13/2/2001 20:57

Agree with last post.

[lemming1] 13/2/2001 19:06

Why not just buy the shares that Peter Webb is tipping i.e. DSN, HPS, FER, DET - all under-rated growth stocks.

L1

[morose] 13/2/2001 18:47

Joe
Thanks for your comments - according to my source the premium to NAV is only 8% and not all that much higher than ATR which is performing poorly in comparison.What do you consider to be an uncomfortable premium to NAV with an IT?
Would you sooner invest in an IT with a discount to NAV?
I'm not sure myself as discounts to my mind could indicate a lack of interest on behalf of the investor whereas premia indicate it is a well subscribed trust.
What do you say - must admit I'm a bit of a novice on IT's though I have 4, ie. cfb, fls,fwp and atr

[joe soap] 13/2/2001 16:58

I'm a great fan of Eaglet, but then I would be because I closed my position last October up 80% in a year and a half. Proved to be a poor choice in terms of timing, but it was right for me at the time. I spoke with Peter Webb before investing with Eaglet, and once during, and he's a very amiable chap. Easy to talk to, quite open about prospects (which turned out to be correct), and perhaps most importantly, he's got a good fan club who admire his skills, and he's been a top performer consistently. My advice would be to buy in if it were 6 months ago. For now though, I'm a little unnerved by the price (and premium). I think it's taken off very quickly lately (30% or so in 5 months) which is not uncommon I must admit. But the increase may be a little too quick.

I've often thought of going back in, but have run out of nerve. Morose, hope this is balanced enough to let think all the options through. Good luck. If you get in, you'll probably do well in it, but it remains your choice of course.
Joe.

[maximillion] 13/2/2001 16:19

Citywire is a great admirer of Peter Webb and EIN, along with a few others, scuh as Katt Potts (Herald) and (I think ATR), and some other miscellaneous 'shrewd investors'. Whether this faith is justified or self-selecting, I cannot really judge. EIN seems interesting, and has performed well, but this might just be a good run of circumstance.
Trades at a premium.
I don't hold EIN, though I'd like to.
I'll be back if I have any harder data re. relative performance.
Max the Pauper

[morose] 13/2/2001 16:10

PhilJH
Thanks a lot - article would be very helpful
MB

[philjh] 13/2/2001 15:09

Article on City wire on EIT 31st January. Peter Webb its manager said that it would deliver performance 'strong enough to make you fall off your seat' I imagine the article will be archived. Otherwise I will try and give more info here

[morose] 13/2/2001 15:04

This trust seems to have outstripped ATR recently in the small caps sector.
Does anyone have any opinions on the relative performance of the two?