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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Independent Investment Trust Plc | IIT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 420.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 420.50 | 420.50 |
| Top Posts |
|---|
Posted at 09/8/2022 10:48 by marktime1231 That woke us up a bit.Do I want to become a Monks investor at 460p when the underlying NAV in IIT is > 500p and rising? |
Posted at 03/10/2018 17:42 by robow from Investment Trust InsiderNot every investment trust bargain has to offer a wide double-digit discount like Patient Capital. Sometimes a trust can be cheap when it no longer trades on an expensive rating. A great example of this is Independent (IIT) investment trust run by veteran stock picker Max Ward (pictured). Independent has a magnificent track record, delivering a 454% total return to shareholders over 10 years, smashing the 138% gain in the FTSE All-Share index. Last year the shares soared over 70%, as Ward’s big bets on house builders, Blue Prism (PRSM), the automated business software provider, and tonic maker Fever-Tree Drinks (FEVR), surged, leading to Independent winning a Citywire investment trust performance award. All this caused eager investors to pile in and propel the stock to a 20% premium over NAV. That was clearly unsustainable and after concerted share selling by Ward and his co-directors, and with builders retreating in response to a house price slowdown in London and the South-East, the bubble burst. After a 16% slide over the summer the shares have lost their premium and at last night’s close of 668p stood close to ‘par’ or NAV. This could be a good entry point into the £374 million fund if you trust Ward’s nose for good growth businesses. |
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