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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Edinburgh Investment Trust Plc | EDIN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.00 | 0.55% | 733.00 | 12:23:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 729.00 | 729.00 | 735.00 | 729.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| Interim | GBP | 0.067 | 01/02/2024 | 02/02/2024 | 23/02/2024 | |
| 25/10/2023 | Interim | GBP | 0.067 | 02/11/2023 | 03/11/2023 | 24/11/2023 |
| Final | GBP | 0.067 | 08/06/2023 | 09/06/2023 | 28/07/2023 | |
| Interim | GBP | 0.067 | 04/05/2023 | 05/05/2023 | 26/05/2023 | |
| Interim | GBP | 0.064 | 02/02/2023 | 03/02/2023 | 24/02/2023 | |
| 26/10/2022 | Interim | GBP | 0.064 | 03/11/2022 | 04/11/2022 | 25/11/2022 |
| 26/01/2022 | Final | GBP | 0.064 | 09/06/2022 | 10/06/2022 | 29/07/2022 |
| Interim | GBP | 0.064 | 05/05/2022 | 06/05/2022 | 27/05/2022 | |
| 26/01/2022 | Interim | GBP | 0.06 | 03/02/2022 | 04/02/2022 | 25/02/2022 |
| 27/10/2021 | Interim | GBP | 0.06 | 04/11/2021 | 05/11/2021 | 26/11/2021 |
| 03/11/2020 | Final | GBP | 0.06 | 24/06/2021 | 25/06/2021 | 29/07/2021 |
| 03/11/2020 | Special | GBP | 0.0465 | 24/06/2021 | 25/06/2021 | 29/07/2021 |
| 03/11/2020 | Interim | GBP | 0.06 | 06/05/2021 | 07/05/2021 | 28/05/2021 |
| 03/11/2020 | Interim | GBP | 0.06 | 04/02/2021 | 05/02/2021 | 26/02/2021 |
| 03/11/2020 | Interim | GBP | 0.06 | 12/11/2020 | 13/11/2020 | 27/11/2020 |
| 12/06/2020 | Final | GBP | 0.0945 | 25/06/2020 | 26/06/2020 | 31/07/2020 |
| 29/04/2020 | Interim | GBP | 0.064 | 07/05/2020 | 11/05/2020 | 29/05/2020 |
| 27/01/2020 | Interim | GBP | 0.064 | 06/02/2020 | 07/02/2020 | 28/02/2020 |
| 05/11/2019 | Interim | GBP | 0.064 | 14/11/2019 | 15/11/2019 | 29/11/2019 |
| 13/06/2019 | Final | GBP | 0.0925 | 20/06/2019 | 21/06/2019 | 31/07/2019 |
| Top Posts |
|---|
Posted at 27/4/2024 22:34 by steve3sandal CTY and MRCH used to trade around par but they’ve caught the discount malaise recently too as there are more sellers than buyers for various reasons. I’m not sure TMPL have done other than fleeting touches at NAV in recent memory though the past 3year managers have produced a good result. EDIN has had a colourful history in the past decade post Woodford when it was on a premium. The Barnett years coincided with poor returns and a discount which hasn’t been shaken off yet despite new manager JDU turning in a good 3year result prior to his retirement. I suspect the newbie will have to earn his spurs before EDIN would be able to issue shares again. Sadly most ITs are in the same position of discounts and it’s not obvious how or when this industry wide issue will be resolved should that be the correct word. There’s always been discounts and currently the challenge includes the cost disclosure, consolidation of wealth managers who’ve got too much money to be able to invest in small ITs, gilts and B Socs offer 4-5%, rise of passives etc. In the long run the EDIN discount might be an opportunity. |
Posted at 27/4/2024 21:58 by dickiehh Can anyone explain why EDIN is ok a persistent 8-10 percent discount while other less well performing UK trusts like TMPL, CTY and MRCH often trade around par? EDIN's performance has been better over almost every period over the last 3 years plus |
Posted at 30/5/2023 20:10 by steve3sandal Yes good show over 1/2/3 years v benchmark. More evidence should it be needed that I’m a better allocator of capital than an individual stock picker. EDIN remain in my first eleven. |
Posted at 30/5/2023 19:37 by topvest Results OK and Liontrust (ex. Majedie) team seem to be performing. They shouldn't have cut the dividend a few year's back in my view. Anyway, doing OK now. |
Posted at 26/4/2023 08:06 by spoole5 The Directors of The Edinburgh Investment Trust plc announce that they have declared a third interim dividend for the year ended 31 March 2023 of 6.70 pence per ordinary share (2022: 6.40p). The dividend is payable on 26 May 2023 to Ordinary Shareholders on the register on 5 May 2023. The shares will be quoted ex-dividend on 4 May 2023. |
Posted at 25/1/2023 07:09 by spoole5 Declaration of second interim dividendThe Directors of The Edinburgh Investment Trust plc announce that they have declared a second interim dividend for the year ending 31 March 2023 of 6.40 pence per ordinary share (2022: 6.00p). The dividend is payable on 24 February 2023 to Ordinary Shareholders on the register on 3 February 2023. The shares will be quoted ex-dividend on 2 February 2023.The first interim dividend of 6.40 pence per share was paid on 25 November 2022 to shareholders on the Company's register on 4 November 2022 (ex-dividend date being 3 November 2022). |
Posted at 29/11/2022 17:46 by boystown Featured on Master Investor this evening:-- A lot has happened to the £1.2bn Edinburgh Investment Trust (LON: EDIN) in the last few years. In March 2020 the board replaced Invesco’s longstanding manager Mark Barnett after three years of underperformance and put in place a team from Majedie, a firm which was subsequently taken over by Liontrust. Barnett’s value-based approach had been out of favour for a considerable time, but there were also question marks over some of his stock selection decisions. Once he had been sacked the board took the opportunity to reduce the annual management fee and switch to a tiered charging structure. It looks like the changes are starting to pay off as James de Uphaugh and Chris Field, who have been running the fund since the removal of Barnett, have done a good job improving the performance. Since March 2020 the trust has generated NAV and shareholder total returns of 56.9% and 66%, significantly ahead of the FTSE All Share total return of 43.3%. A key recent development has been the re-financing of the expensive 7.75% long-term debt, with the fund issuing £120m of loan notes at an average interest cost of 2.44% and average maturity of 25 years. This cheap source of capital should give it a competitive advantage in the years to come. A new approach EDIN offers a diversified portfolio of 40 to 50 listed equities based on fundamental company research. There are no in-built style biases with the fund typically containing a mixture of growth, value and recovery stocks, the aim being to add value regardless of the economic and market conditions. The stock-driven analysis focuses on the identification of companies with strong and sustainable business models, multiple drivers of returns and quality management teams. It’s a high conviction approach with capital protection a key element, with the manager considering the downside risk for each holding and scaling the position accordingly. At the end of September the largest holdings included the likes of: Shell, Unilever, BAE, AstraZeneca, Tesco and NatWest. The key sector weightings were retailers, biotech and medical, banks, oil and gas. Overall the historic dividend yield was an attractive 4.2% and the ongoing charges a competitive 0.52%. Solid footing Having taken over at the height of the pandemic the first step was to re-balance the portfolio and rebase the dividend to a more sustainable level. The long-term objective is to grow the distributions ahead of inflation with the first interim dividend having recently been increased by 6.7%. A decision is yet to be taken about the total pay-out for the financial year. James de Uphaugh has put together a well-diversified portfolio with multiple drivers of returns that should be able to withstand the uncertain economic environment. He believes that the inflationary pressures are easing and draws attention to the low valuations that look cheap on pretty much whatever metric you want to use. The broker Investec believes that the Edinburgh Investment Trust has made solid progress in rebuilding credibility after what was a traumatic period, while stronger foundations bode well for the future. They have a buy rating on the fund and say that if the healthy absolute and relative performance can be maintained then the discount should narrow from the current level of seven percent. |
Posted at 16/6/2022 00:14 by steve3sandal I suspect Cazoo is the stub following the take private of Daily Mail. The Board haven’t covered themselves in glory for a long time. From the outside even I could see that the previous manager had gone wrong in his stock picking. At YE the NAV is the same as 2015 and the Trust is £200m smaller after buybacks. Chair stepping down is more tenure than any admission of, well, add your own word.But I do like what JDU has done and I keep adding when I see the portfolio and share price dips. Liontrust takeover of the manager promised a higher level of promotion but not happened yet. The rebased dividend won’t help Edin reissue shares at a premium which they aspire but they might trade close to NAV with 3 years of JDU outperformance of the All Share and a quieter macro background. One of my larger holdings. |
Posted at 15/6/2022 21:42 by topvest Just taken a look at the Annual Report. Majedie seem to be performing as expected really; slightly above the benchmark. Not sure why they have £2m in Cazoo at the bottom end of the portfolio. Seems a bit odd for their "value style".I can't help thinking that the board could have kept the dividend flat again really, maybe with a special dividend again, as they have the reserves to do do. Lost opportunity now as the record has gone - will take 19 more years to get it back! I also think the Board should be making more of the 130+ year history. Again, a missed marketing opportunity. To be honest, I am not that impressed with the Board - they seem a bit light weight for such a historical institution. |
Posted at 27/4/2022 09:58 by bluemango Nice to see an increased dividend, now 6.4p a quarter, translates to 4.1% yield if they maintained that level for all four payments - but surely there's a good prospect of a larger final in July (as in previous practice) to boost it still further. |
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