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
  0.00 0.0% 434.00 489,298 16:10:15
Bid Price Offer Price High Price Low Price Open Price
433.50 435.00 437.50 431.00 437.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 58.96 53.06 27.80 15.6 757
Last Trade Time Trade Type Trade Size Trade Price Currency
17:18:05 O 28 434.022 GBX

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Date Time Title Posts
25/9/202014:46Edinburgh Investment Trust290

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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 434p.
Edinburgh Investment Trust Plc has a 4 week average price of 431p and a 12 week average price of 431p.
The 1 year high share price is 644p while the 1 year low share price is currently 335.50p.
There are currently 174,517,929 shares in issue and the average daily traded volume is 505,429 shares. The market capitalisation of Edinburgh Investment Trust Plc is £757,407,811.86.
andycapp1: I've gone through the entire portfolio and looked at dividends on a sort of pre Covid basis and then taken a view post Covid and out to next year. Assuming Banks rebuild dividends to say a 5% yield on current share price - so Lloyds cuts effectively by 50% and ditto Barcs - and assuming Shell pays 50% of what it was paying instead of 33% and that BP holds - which is quite a big call in truth, then the portfolio generates around £41-42m of income. The dividend this year cost around £47m so 24p on 175m shares in issue (think that's about the right number. There are costs and not sure if they capitalise some of the management fee but assuming they do the required income would probably be say £50m to maintain 24p. So £42p doesn't get you there. If the banks rebuild to say 75% of pre covid levels that might add £2m or so. Thus I guess going forward they will probably need to rebase it a bit lower so say 15% at a guess. But against that you get a higher quality portfolio with more durable eps prospects, better balance sheets etc. In summary I guess a 15% cut or so post this year when they can lean on reserves and see what happens to dividends. Hope that helps.
topvest: Might be worth adding this trust if the discount gets much bigger in my view. With the benefit of hindsight moving from Fidelity to Invesco a decade back was a very poor decision. If this was still using Fidelity as Investment Manager I suspect that the share price and NAV would be closer to £10.
essentialinvestor: NRR, mentioned by Mike in that article looking ill share price wise.
andyj: I do not see a bear raid, yet anyway. I do see a steady evaporation of trust that this will recover anytime soon. For those of us who plan to hold for the long term it is worth bearing in mind that the share price is now below the price it was in 1998. With plenty of ITs that have risen exponentially since then, the question is why invest in a failing trust?
harewood1: This is the Muddy Waters Hedge fund bear attack on Burford following Woodford needing to offload so many of his good, liquid shares which are also ones Barnett holds. Burford has posted a response to Muddy Waters negative note and the share price rose 25%. I bought more EDIN yesterday - there is a lot about the attack online in the Telegraph and investment journals. Burford management invested several million in their own shares - interesting to see if they sue.
cynicalsteve: I reluctantly agree, Barnett has to go, the bigger than expected fall (3.9%) in the share price is a sign that investors confidence in the manager has gone. Why does an Equity Income Trust hold 3.7% in a low yielding AIM stock anyway? I used to think AIM was the Wild West of investing but I was wrong, they had Sheriffs in the West! The dream outcome would be hiring Lindsell Train to mirror their Global Equity Fund, the discount to NAV goes to zero, performance should improve. Will it happen? Probably not!
8w: If the Board isn't considering Manager change they are asleep at the wheel. It is not just a question of poor performance. As of today Muddy Waters are implying manipulation of Burford share price. If proven reputational damage is major.
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
tiger20: Would be pleasing if they announce one way o the other whether NW stays with Edin IT because the share price running at a discount to NAV and investors wondering what to do. The markets moved up since the announcement last week but Edin stuck in a rut!
gregmorg: BobP, Sorry only just seen your post.I am not a great authority on IT'S but "Think" I understand the essential rules. You refer to drip feeding and yes obviously drip feeding is always a good and cautious way to play most stocks and IT's are no exception. EDIN should have built up a reasonable head of internal steam for better dividend growth and hopefully starting to match its stated objectives(which it has not done in recent time. In the main with its stocks it seems to played the economic back ground rather well. I too am a fan of Neil Woodford although in a loose way as I worry that fund managers get blinded by their own publicity. Invesco certainly has a good publicity machine but facts speak for themselves. Much of the EDIN share price gain relative to the indices has come from the complete closing of its discount to asset value. Indeed, over the last year to eighteen months EDIN has gone from quite a big discount to assets to a premium (taking debt at fair value which in my book is the only way to measure. Technically you should not buy an IT when it's share price is at a premium to assets as you could (in a perfect world)buy the underlying stocks more cheapily directly in the market. Why then are they standing at a premium? Well the publicity machine has a bit to do with it but more importantly it is the lack of safe income streams elewhere.Bank saving accounts yield next to nothing so where does a reasonably cautious investor get income. IT's are one such avenue and being closed ended are less subject to certain market pressures . It wasn't long ago that EDIN was yielding 5.5-6.5%. Where else could you get that yield. More investors become aware and the yield on this and similar IT's come down. Witness City of London IT, Perpetual Income and Growth and many others.
Edinburgh Investment share price data is direct from the London Stock Exchange
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