|Foreign & Colonial Investment Trust
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Foreign & Colonial Share Discussion Threads
Showing 76 to 99 of 100 messages
|An Edison report for FRCL:
Some interesting information about Private Equity holdings on page 4:
"In addition, private equity exposure has historically been achieved through funds of funds with 11 HarbourVest funds and five Pantheon funds. However, future investments will be more focused and opportunistic, fully controlled by FRCL and invested into primary and secondary funds as well as co-investments. So far in 2016, £22m of new commitments have been made. As existing investments are run-off, there will be significant savings in agency fees; in 2015, FRCL paid £4.6m to HarbourVest and Pantheon."
Not sure how this will pan out. PE investing requires different skills than those needed for running a generic investment trust. Still, with the good results of late, it is hard to complain too much.|
|Sterling up after the PM's speech about Brexit meaning Brexit "for sure".
I would have bet on the Pound to drop even more, but logic is not what it used to be.
FRCL is getting hammered.
Looks like all the recent gains (past week or so) had been due to sugar highs thanks to Sterling tanking. Gold is down too.
I hope today's drop in FRCL is an overreaction the other way this time.|
|And another Sterling rout announced for tomorrow after the Sunday papers having learnt what the PM will say on Tuesday: Brexit means out of the EU, out of the Single Market, out of everything EU. So... FRCL should shot up by another 6 to 12p in one day.
I hope we will still stay in the eurovision song contest though. My eurosceptiscism has it limits! :)|
|Yep, @Monkster you are right.
The markets got spooked by the PM's comments during her interview on Sky.
When watching her, she said more clearly that we are leaving the EU and everything in the EU package. She clearly reiterated that "We are leaving" and better (or worse depending on one's views on the EU) she said: “often people talk in terms as if we are leaving the EU but we still want to keep bits of membership of the EU. We’re leaving; we’re coming out.” In other words: no small bits, no single-market access, no opt-in, just "the best possible trade deal". Technically a "Hard Brexit"; but that was/is/will be the only thing on the table from the EU anyway there is again nothing actually new. I do not like them, but it is not in their interest to give us an inch on anything. Whatever bargain we strike will have to be on trade and trade only (market access, tariff or lack thereof, etc.).
So, yes, those in the markets who were still hoping that nothing much would happen by the end of March, as in us staying in the EEA, have been spooked today.
This might explain why FRCL is up (it does not have that much "pure UK" holdings after all), £ is down and gold is up.
Talking of FRCL, while I hold it as a "safe" component in my pf, it has performed very well on a YTD basis (I keep investing a bit monthly), making me wonder why I bother betting on riskier stuff like PE or "value investing". Those are still reaping a bit more, but not by much compared to good old boring Foreign & Colonial. :)|
|yeah maybe though vodophone down 4.i did wonder if its in anticipation of wall st breaking through 20000|
|anyone know the reason for todays flying start.|
|Now beating its benchmark for six months, as well as 3Y and 5Y but was always doing so. Still a bit behind for 1Y and 3months, but FRCL has had a good ride of late regularly beating its 52w high.
Full of boring stocks, with a hint of PE, but it does exactly what it is meant to do as a reliable part of a portfolio.|
|A hiccup of late?
The Sp and NAV have down for a few days in a row.|
|And done with 504.50p.
They had a midly bad news recently about not beating their index.|
|Breaching 500p soon?|
|Not doing badly these days, it has recently hit its 52 weeks high.
Most of the stocks held in it are reporting in non-Sterling, so this has certainly helped a lot.
The NAV has progressed nicely and steadily too.|
|A Winning Formula
Here is a excellent and informative article from Fund Web:
GLOBAL DIVERSITY A WINNING FORMULA
A VIDEO INTERVIEW WITH FUND MANAGER OF FOREIGN & COLONIAL, JEREMY TIGUE:
Here's some links about SCLP, one of the hottest stocks at the moment:
|A Compelling Choice
FOREIGN & COLONIAL INVESTMENT TRUST REMAINS A COMPELLING CHOICE FOR INVESTORS
Britain's oldest investment trust, the Silver-rated Foreign & Colonial Investment Trust (FRCL), just announced it increased net assets by 5.1% during the first six months of the year. This increase was no easy feat considering the current challenging market conditions.
F&C's chairman Simon Fraser explained that the investment trust's performance was boosted by its private equity holdings, which account for almost 19% of the portfolio. Meanwhile, listed companies, which continue to increase their dividends, also gave the investment trust a boost.
This investment trust is a compelling choice for investors because it has not only performed well in the last six months, but it has reported solid returns over the long term.
Managed consistently by Jeremy Tigue since 1997, F&C has comfortably beaten its peers in the Morningstar Global Large-Cap Blend Equity category over the last one, three, five and 10 years. These returns have been achieved with risk kept in check, and that's despite the use of gearing.
|A good report at the AGM today.
They commented that the revenue reserve covers the dividend more than twice, while the capital reserve covers it by about 30 times. With the change in the rules, there would seem to be plenty of scope for increasing the dividend, hopefully at the expense of share buy-backs which would allow a 50% increase.|
|Final results out today. 4.10p final, paid 11th May, XD 11 April.
The 41st consecutive increase.|
|came back to talk to myself
sold half my holding on Friday|
|where is everybody
where are the bloggers for Inv Trust shares?|
|huge retail shareholder base and zero
activity - what is it I wonder?
Could there be more institutional shakeups in the sector?|
|do we still feel these guys are rubbish
or was it just bad luck holding BP?|
|F & C Invest Trust
|These guys have missed out on the stock market recovery - their investing has been rubbish. Harsh but true.
These shares haven't even bounced 20% from their lows!|
| Financial liabilities at fair value | 265.14 | | 264.38 |
| Financial liabilities at par value | 270.32 | | 269.57 |
|Fair value 230.5p