Hansa Investment Share Discussion Threads

[essentialinvestor] 22/1/2020 14:10

solarno, if you want to check yields, Morningstar or HL usually useful.

[riskvsreward] 22/1/2020 13:48

More like 1.5%, 3.2 p.

[solarno lopez] 22/1/2020 12:55

any help will be appreciated

[solarno lopez] 22/1/2020 07:25

I have the yield circa 3.2% does anyone agree or disagree please

[rambutan2] 21/1/2020 19:18

Well, post Christmas I bought in at a 35% discount, as was one of the very few trusts not to shrink its discount post election. It should be fairly defensive, so happy to park some money in it. Also noted that Mr Salomon had been buying quite big.

Gets a supportive para in this report:

[steve3sandal] 07/8/2019 19:11

Good spot. Great stewardship, not.
Watchlist candidate might just get more interesting if it gets the kicking they deserve. Diarised for 29th. Cayzer family might not be bothered about share price and more bothered about Corbyn, but that looks like such old news now. Dearie me.

[rambutan2] 07/8/2019 18:43

Great idea board, that’ll help bring the discount in!

FTSE Russell has noted the Scheme of Arrangement in Hansa Trust (UK, 0787972, FTSE UK SmallCap), whereby shareholders will receive five shares in Hansa Investment Company Limited (Bermuda incorporated) in exchange for each existing share held.

In line with the FTSE Nationality rules and on the basis that the free float of Hansa Investment Company Limited is not expected to meet the FTSE UK Index Series minimum requirement for non-UK incorporated companies, Hansa Trust is expected be removed from the FTSE UK Index series in conjunction with the scheme effective date.

Subject to court sanctioning and based on the current timetable, FTSE Russell anticipates the following treatment:

Thursday 29 August 2019 (from market open)

Hansa Trust will be deleted from all indexes.

FTSE Russell will issue a further notice in due course.

[coolen] 02/12/2018 21:41

Pros and Cons for UK PIs ?

[topvest] 30/11/2018 20:30

Additionally, as you may have seen in our recent market announcement, given the political and economic uncertainty in the UK and following an initial consultation with shareholders, the Board is giving consideration to re-domiciling the Company to an alternative jurisdiction.

Wow....that is quite a paragraph. I will vote against it, but surprised it hasn't got more airtime. Its the first such announcement I have seen.

It seems to be more about tax planning for the Salomon family than the rest of us.

[topvest] 28/11/2018 20:33

Hansa Trust has a 106 year history. It would be a shame to break this. A UK investment trust should be domiciled in the UK. It would be very odd for Hansa to move in the opposite direction to many investment companies that are now re-domiciling in the UK from Guernsey, Jersey etc.

[coolen] 27/11/2018 21:38

Bearish aspect is that the domicile statement referred to Hansa having already consulted with "shareholders". Presumably institutions.

Unless sealed lips, the subsequent share price action would suggest nothing exciting was discussed.

[topvest] 27/11/2018 08:35

Yes, could be connected with a break-up of Ocean Wilsons I suppose which is long overdue.

[coolen] 26/11/2018 22:53

A 3rd possibility relates to an RNS by Ocean Wilsons (OCN) on 17 July 2018 about a corporate reorganisation of Wilson Sons Limited, its main subsidiary.

About which we have heard nothing further.

Wilson Sons Limited has a Luxembourg(!!) Stock Exchange listing.

[topvest] 26/11/2018 19:41

Hmmm. Possibly the latter. The marginal rate of income tax was 98% in the late 60s - before my time, but if Corbyn gets in then Brexit will look like a walk in the park! He makes Blair and Brown look like Tories.

[coolen] 26/11/2018 17:05

Is it because the bulk of the assets are in Brazil ? Or does the controlling Salomon family fear a change of Government in the UK ?

[topvest] 26/11/2018 16:17

A very odd announcement this afternoon. Why would they want to re-domicile outside the UK when most investment vehicles are coming back rather than going away?

[sspurt] 09/10/2017 09:46

Coolen - I have a general rule only to buy the voters. Have not looked at the A shares here but as the Salomon family also have the voters and v few A shares that confirms it for me i.e follow the controlling interest.

[sspurt] 05/10/2017 10:06

Good to see a bit of progression here helped by a recovery at OCN. NAV growth almost respectable over the last 6m and disc still 28% so happy to hold. Still difficult to invest in value with any conviction but this is an exception for me.

[luckymouse] 22/9/2016 14:32

Spread can be a touch better on the A listing - not loving those wicks tho

[rogerbridge] 22/4/2016 09:02

Bought some today for the ISA.
Very wide discount here and lots of value.
Commodities on the up, particularly grains, soya etc that should help OCN in the future.
Investment portfolio looks to be reasonably managed too.

[coolen] 21/4/2016 22:41

Well spotted Spooky.

There's been a lumpy seller of the non-voters this week. By High Noon on Friday I expect to see them better.

[spooky] 21/4/2016 12:26

In view of the move in OCN i'm surprised that there hasn't been more interest in HAN.