Edinburgh Investment Share Discussion Threads

[steve3sandal] 29/4/2020 21:50

They did promise to honour this payment as it was probably earned in Q1 before they rejigged the portfolio. I’m keeping this one though I expect the Quarterly to be rebased around an initial 3.5% distribution. Should be able to grow it from there. I think we will look back in 3 years and find the new manager new portfolio was a much better idea. Too long in coming though.

[bluemango] 29/4/2020 12:24

Q3 interim declared, 6.4p in line with previous two quarters and up on last year's 6.25p.

[zac0_4] 25/4/2020 21:42

I hold a number of Investment Trusts, Individual dividend paying shares and a number of funds (OEICS)

I'm drawn to the trusts and individual shares because of the dividend payments but can't help but think I'd be better off simply investing in funds and drawing down on a quarterly basis an amount equivalent to an average dividend payment.

Total returns look far better from a simple international index fund than from all my investment trusts (HFEL, EDIN, HHI, Merchants)

I'd welcome any constructive comments.

[andycapp1] 18/4/2020 08:24

It’s my largest holding together with law debenture and NAS. Agree much improved top ten.

[panshanger1] 10/4/2020 11:50

I notice HL have the new top ten holdings of EDIN after it switched managers on its website Looks much better in my view DYOR

[panshanger1] 07/4/2020 17:33

Good strategy but not much fun !!

[goldpiguk] 07/4/2020 15:11

Hi,

Last week when the UK banks stopped their dividend payments, I sold all my ISA held bank shares and later in the week all individual company shares holdings. Today there are just five IT's in my ISA.

I have been watching EDIN closely over the last few months and I like the longer term outlook here; the chunky dividend reserves, the discount to NAV, the change of trust managers and particularly the high interest bond that matures in September 2022, which EDIN should be able to replace with much less expensive arrangements. This should help underpin the dividend for the next 2-3 years. Dividend income is key to my ISA portfolio.

In what is now a very challenging investment environment EDIN should provide some income stability. I had intended to start building a position gradually with a target holding c.10,000 over a 1-2 year period. Because of the speed at which events have unfolded I now hold 14,500 EDIN shares with a total target holding of 15,000-20,000 shares.

Although the capital value of my ISA has decined from c.£240,000 at its peek to c.£170,000 today, income generated this year should total £11,000-£12,000. That is an awful lot better than things looked this time last week.

Goldpig

My ISA holdings are now
MRCH, DIG, EDIN (new), HFEL, AAIF(new)

[chc15] 16/3/2020 17:45

Yes I don't mind AZN, 3i is risky, but Action might do well with supermarkets busy atm.

[spectoacc] 16/3/2020 17:32

Cheers. AZN source an awful lot from China, and jury is still out there (eg today's Ind Pro figs, admittedly backward-looking). But you'd think AZN itself is as defensive as you get, ex perhaps tobacco. iii gone from whatever comedy premium (60%?) to a discount - and I still wouldn't touch it with a sh*tty stick! Acton, in this market?

[chc15] 16/3/2020 17:12

No info on selling, but they have been buying big in 3i and also AZN.

[spectoacc] 16/3/2020 16:59

Do they have spare cash to buy, or what have they sold? Would love to know if that Top 10 has changed much. Some of the holdings dcb'd lows fairly significantly, but everything's got miles to go to find a bottom IMO.

Also - discounts are still narrowing, it's preposterous! They should be doubling.

[chc15] 16/3/2020 16:56

Majedie have taken over, and are buying in this mkt

[spectoacc] 15/3/2020 08:33

Probably worth a reminder of the Top 10 (tho always out of date, this one from end-Jan):

BATS
BP
LGEN
TSCO
NXT
BA.
Roche
RDSA
DLN
Altria

I bet TSCO's doing well. Tobaccos tanked with everything else, but surely not going to zero - assuming there's still people to pick the leaf?

BP and Shell tho...

[hugepants] 14/3/2020 17:10

The managers here have done some job here. Underperformed the index by a mile when the index has been rising the last few years. Now when the index is falling its beat the index on the downside since start of the year as well!

[andycapp1] 06/3/2020 08:29

Perplexingly awful given its portfolio.

[chc15] 06/3/2020 08:25

Absolutely terrible

[chc15] 01/2/2020 11:56

Indeed, better off in tracker, but Majedie could turnaround??

[bizzybrizzy] 31/1/2020 21:30

It's a waste. Dead! Hope has no value. Dividends won't make up for a sad and pathetic performance. The stubbornness of Barnett and the passivity of the board means the best thing to do is to fold it into another offering. A history crushed by hubris.

[chc15] 31/1/2020 20:29

Bad timing by me, but still holding, wish I just bought more Dig!

[chc15] 21/1/2020 12:38

Have bought 5k today, let's hope Majedie can turn this around, also added to Dig.

[ec2] 23/12/2019 18:50

Bought some of these today as they look undervalued compared to other UK Equity Income Trusts. (11%disc., 4.5% yield). The 1.65 years of cover in the income reserve also gives comfort for maintaining strong future dividends. Assuming the Majedie transition and portfolio reorganisation knocks 2% from the NAV, this still leaves a 9% discount into a portfolio of UK focused equities which can't be bad. The initial Majedie fee holiday also helps.

[topvest] 13/12/2019 13:35

Job Curtis is indeed a very safe pair of hands. He's probably fairly close to retirement though so maybe not the best long-term candidate. I'm happy with giving Majedie a go. Do agree though that its probably a bigger win for Majedie than it is for Edinburgh Investment Trust plc!

[steve3sandal] 13/12/2019 09:48

Completely agree CJ.

[spectoacc] 13/12/2019 06:45

Agree @Topvest, but would dispute that MAJE are that manager. Their top 10 holdings don't inspire.

[contrarian joe] 12/12/2019 21:07

A fund that has been in the top 40% over 10yrs 60% of the time is imo a good way to pick funds.Fwiw if they wanted to keep the same approach Job Curtis would of been a better appointment.