Share Name Share Symbol Market Type Share ISIN Share Description
Edinburgh Investment Trust Plc LSE:EDIN London Ordinary Share GB0003052338 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -0.49% 611.00 35,939 09:47:12
Bid Price Offer Price High Price Low Price Open Price
612.00 614.00 613.00 611.00 613.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 58.96 53.06 27.80 22.0 1,053
Last Trade Time Trade Type Trade Size Trade Price Currency
09:56:13 O 130 613.745 GBX

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Date Time Title Posts
08/4/202121:37Edinburgh Investment Trust331

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Edinburgh Investment Daily Update: Edinburgh Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker EDIN. The last closing price for Edinburgh Investment was 614p.
Edinburgh Investment Trust Plc has a 4 week average price of 570p and a 12 week average price of 522p.
The 1 year high share price is 622p while the 1 year low share price is currently 417.50p.
There are currently 172,262,929 shares in issue and the average daily traded volume is 359,814 shares. The market capitalisation of Edinburgh Investment Trust Plc is £1,052,526,496.19.
ec2: The effective double discount relates firstly to the shares in the portfolio which are mostly good quality value stocks that IMO can be considered cheap and at a discount to their longer term intrinsic value. The second discount is that of the EDIN share price to NAV. The NAV discount has in fact narrowed quite a bit of late, probably down to the new manager outperforming his benchmark over the last year since taking over. If he can continue to build out a good track record, I can see the discount narrowing further and even more so if the UK market in general re-rates. This combined effect would give continued double upward benefit to the share price. The shares and the market may have got a bit ahead of themselves in the last day or so, so I put a little bit of cheap and crude downside protection on yesterday, but will take off if I see continuing upward momentum which is appearing to be the case. EDIN is my largest position having averaged in over the last year whenever the share price was below 450p coupled with at the same time the NAV discount being over 10%.
bluemango: Interesting Goldpig, thank you. My equivalent list (from largest down) is PEY, MRCH, EDIN, SLPE, SHRS, TMPL, DIG. Note PEY and SLPE are private equity trusts. Apart from other reasons, it avoids the issue of duplicated underlying holdings when owning multiple ITs. Yield on cost for PEY is 7.2%. Probably all will be 'hold forevers'.
goldpiguk: Hi heialex1, With many income investment trusts at or near NAV, EDIN still looks an attractive buy. It is my largest ISA holding (15,000 shares) and I am fully invested here. The share price still suffers a little from negative sentiment following the sacking of the previous managers, and Majedie have yet to establish a proven track record at EDIN. The refinancing of the debenture in the next few months should help sentiment, giving annual savings of c.£5 million (from memory), and I would expect the discount to narrow substantially over the next year. Today I have made a small initial investment in Murray International (MYI), mainly to broaden my IT,ISA portfolio, rather than as a great buying opportunity. This is the first time I have bought an IT above NAV. IMO many IT's are currently looking a little over bought, but am happy to average in to new holdings and possibly build smaller positions in several IT's. These IT investments are intended to be held for many years and are not purchased for trading purposes. EDIN is an attractive long term hold. My portfolio of IT's is currently, (from largest to smallest by value): EDIN, DIG, MRCH, AAIF, HFEL, MYI, Goldpig
bluemango: My thanks to GoldPig for highlighting EDIN earlier this year and encouraging a closer look. Now 14% up on my average purchase price over several tranches, with a decent income stream.
topvest: While it is still early days, it is encouraging to have got off to a positive start. The NAV (on a total returns with dividends reinvested basis) per share over the six months under review has risen by 7.8%. This compares with a rise in the Company’s benchmark, the FTSE All-Share Index, of 7.0%.
chc15: Half yearly report, very poor, still can't beat the ftse all share index, don't think it ever has. Why bother, just hold a cheap tracker instead. I'm still holding for now btw.
essentialinvestor: Well EDIN keep buying back shares, appreciate it's only going to make a marginal difference to NAV, but better than nothing. Bottom line is they need to demonstrate some benchmark outperformance.
gateside: Cheers have added IVI to my watch list.I'm OK with these trusts having exposure to Financials, as I sold my Banks & Insurance shares at the beginning of the year. And see Investment Trusts as a way of adding a safer way of having limited exposure to Financials. Also bought a handful of MYI in the summer too. Hopefully I have bought MYI and MRCH at knockdown prices and am looking for a couple of other Trusts to add a bit of extra diversification.EDIN and IVI might fit the bill.
goldpiguk: 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)
contrarian joe: Latest nav,has moved up a few pence from last week. Edinburgh Investment Share News (EDIN) 3 Follow EDIN Buy Sell Share Name Share Symbol Market Type Share ISIN Share Description Edinburgh Investment Trust Plc LSE:EDIN London Ordinary Share GB0003052338 ORD 25P Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade -8.00p -1.38% 571.00p 570.00p 572.00p 580.00p 569.00p 578.00p 478,942 14:35:57 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Equity Investment Instruments 62.9 57.3 28.7 19.9 - Print Alert Edinburgh Inv. Trust Net Asset Value(s) 24/06/2019 11:05am UK Regulatory (RNS & others) TIDMEDIN The Edinburgh Investment Trust Plc (EDIN) As at close of business on 21-June-2019 NAV per Ordinary share (unaudited) with Debt at Par EXCLUDING undistributed current year revenue 667.24p INCLUDING current year revenue 675.71p NAV per Ordinary share (unaudited) with Debt at Fair Value EXCLUDING undistributed current year revenue 657.37p INCLUDING current year revenue 665.84p LEI: 549300HV0VXCRONER808
Edinburgh Investment share price data is direct from the London Stock Exchange
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