Share Name Share Symbol Market Type Share ISIN Share Description
Foreign & Colonial Investment Trust LSE:FRCL London Ordinary Share GB0003466074 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.15% 669.00p 669.00p 670.00p 670.00p 664.00p 664.00p 565,462 16:29:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 78.8 70.0 11.7 57.3 3,627.19

Foreign & Colonial Share Discussion Threads

Showing 101 to 122 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
03/8/2018
13:20
thanks vacendak.all a bit curious.
manrobert
03/8/2018
11:37
Nope, but I am curious too. The latest half-year report (to June 2018) mentioned that the discount had already narrowed significantly to a level not seen in decades; and it has now indeed traded at a slight premium for about a week now. The first couple of days at a premium were at 0.01% or the likes, but still a premium. The other day it was at 0.4%, so not background noise any more. This could be ominous, as in people chasing value just before a crash in the market when everything is expensive; but I would rather remain optimistic. FRCL has managed to renew some recently maturing tranches of debt at very attractive rates (HY report) so that might have helped build the confidence in the trust. It may also be that the heavy bias towards North America and to some extent tech. stocks (though not as pronounced as for Scottish Mortgage) is helping pushing the NAV up relentlessly. The costs have been kept in check for a while now, they mentioned their continued efforts in the latest yearly report. Apart from the Facebook vagaries of late, they have not been caught holding too much troubled stocks; maybe they are just doing well or getting lucky with the stuff in their stables.
vacendak
03/8/2018
10:53
anyone know why this share is now rising above asset value
manrobert
24/3/2018
21:08
They want to change the name to "F&C Investment Trust", lying about it by saying that this is what people call it already. This is likely for either of the following: * Social Justice Warriors (SJW) are annoyed at "colonial" being in the name. * Contracting the name to F&C will make it easier in the future to erase F&C completely and rename the whole gig "BMO Investment Trust". They tried before and renamed Foreign & Colonial (the investment company) into F&C, but kept the full name for FRCL for historical reasons. Needless to say, I shall vote against proposition 17 and against every single director re-election to send a message.
vacendak
22/8/2017
10:11
In the news a few days ago. Http://www.thisismoney.co.uk/money/investing/article-4735344/The-world-s-oldest-investment-trust-going-strong.html Nothing new really apart from the mention that the recent sugar rush is mostly due its Emerging Market component, which contrasts a bit with the "boring and safe" image of the trust. Of course that EM component may have a lot to do with Utilico Emerging Markets (see the FRCL portfolio), which in turn is pretty steady too despite its EM label. UEM has been hitting its all time high over the past week.
vacendak
28/7/2017
11:25
No problem. The same document in all its PDF glory is now available: Http://www.fandc.com/documents/fc-interim-report-2017/
vacendak
27/7/2017
20:41
tks vacendak. I had missed that.
scottishfield
27/7/2017
10:37
Half-Year report is out: Https://uk.advfn.com/stock-market/london/foreign-colonial-FRCL/share-news/Foreign-Col-Invest-Trust-PLC-Half-year-Report/75318219 The PDF should appear on the F&C website soon. FRCL fires-up on most cylinders, the PE component is a bit disappointing, but it was perhaps a bit too hot last time. Good results overall when compared to benchmarks but lagging behind WTAN at six months. The share price has been bobbing up and down the £6 mark for a while now. I know it is only psychological. :)
vacendak
11/7/2017
12:52
Yes, I did mean BTEM. Well, I hold some of the Managed Trust so I shouldn't be rude about it!
mad foetus
11/7/2017
12:42
Fundsmith, yes, I have heard of it and looked at a video about it on AJ Bells. If I were to invest in a fund, that would be the one. Miton (MIGO) is also reputable. I assume you meant BTEM (for BEM, which is a mining trust), which I am already happy to hold. FMPG is hard to be faulted though, a lot of big names: Monks, Scottish Mortgages, BG Japan and according to their latest video update they have taken a stake in British Empire (BTEM).
vacendak
11/7/2017
11:45
I have the Managed trust as well but only got into it by accident: they closed down their US Smaller Cos trust and I think it may have been the default option. 8 don't much like it to be honest: while I've not looked at it in detail I think MIGO and BEM are better at the fund of investment trust approach.I know we all prefer closed ended vehicles, but I would never overlook FUndsmith for a long term investment. I put 10% of my assets in it 4 years ago: if I had put everything in I would now be lord of the manor!
mad foetus
11/7/2017
11:01
Hi Vac,I am also invested in the F&C Global Smaller Companies vehicle. That is a lovely long term performer.
mad foetus
11/7/2017
10:52
I have tried to upload a video with the ! YOUTUBEVIDEO:Y54i3YfFx8: code (minus the space after the !) but it seems to work only for the thread header. Oh well, doing it the old fashioned way: Update video from the Foreign & Colonial website Https://youtu.be/_Y54i3YfFx8 This was made around the end of May.
vacendak
25/6/2017
20:45
@MF And a warm hello to you too. Trying hard to make FRCL my biggest holding or at least a big anchor in the pf, but UIL Ltd still refuses to give way. And no, I do not want to sell UTL. To indulge into my PE vice, I had considered PIN/PINR too but settled with FPEO, which has turned out a better choice than I had originally counted on. FPEO has corrected a bit of late, but is inching back up again. Like many PE stock as you have pointed out, FPEO is no longer as cheap as it used too be.
vacendak
23/6/2017
22:11
I'm here, and in UIL (which you know) but also in Witan and Fundsmith. Core holdings as far as I am concerned, plan to hold them for the long term (as in decades rather than the ADVFN definition, which is two weeks). Also invest directly in Pantheon and NBPE, over time PE tends to outperform quoted stocks, though obviously it helps if you can buy at a bigger discount than at present
mad foetus
23/6/2017
21:23
@scottishfield Hello there. I was getting lonely. :) As said earlier in the thread by others (a few years back): The numbers say that FRCL is mostly owned by small investors, yet nobody talks about it.
vacendak
20/6/2017
10:43
Yes, v good going indeed
scottishfield
20/6/2017
09:18
Still on a roll and now through the 600p mark for the share price
vacendak
20/2/2017
09:56
An Edison report for FRCL: Http://www.fandc.com/documents/edison-report-fcit/ 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.
vacendak
17/1/2017
13:31
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.
vacendak
15/1/2017
15:27
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! :)
vacendak
09/1/2017
13:40
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. :)
vacendak
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