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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Independent Investment Trust Plc | LSE:IIT | London | Ordinary Share | GB0000811686 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 420.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 411.00 | 430.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 420.50 | GBX |
Independent Investment (IIT) Share Charts1 Year Independent Investment Chart |
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1 Month Independent Investment Chart |
Intraday Independent Investment Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/11/2022 | 21:22 | Independent Investment Trust plc | 39 |
| 17/9/2007 | 10:24 | Inside info thread | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 11/11/2022 16:40 by marktime1231 Ah. Just reread the scheme announcement, those who took the cash option will only receive 441.95p per share even though NAV rose to 454.23p at the transfer point. Drat.Not received my proceeds, "by 12 November" perhaps means the platform proxy holder of my shares will be sitting on my cash over the weekend. Oh well. |
Posted at 10/11/2022 12:13 by marktime1231 Shouldn't have long to wait now to find out the settlement amount, cash up must be today or tomorrow because IIT have said they intend for everything to complete this week. Going straight in to my mortgage offset. Not dragging on, this has been pretty swift and efficient.They are not immediately liquidating all the shareholdings, 3/4 of the shares are transferring to MNKS where Baillie Gifford can then decide to keep or rotate. IIT administrators liquidated just enough to pay up those who cashed out. No conspiracy, all quite neatly done actually. Sorry to see them go, for understandable reasons. IIT were top of the investment trust pops for a while. |
Posted at 02/11/2022 23:08 by cynicalsteve On 30th September IIT was only 28% in cash. I would have expected more progress liquidating the portfolio by then, I hope they did better in October. I sold shortly after the merger/liquidation was announced (at a loss) because I dislike the way these things drag on. |
Posted at 09/8/2022 12:52 by spectoacc BG's glory days are numbered IMO, but fair point on so-called "continuity".The 98% of NAV cash option probably mitigates things tho - seems to be enough margin in IIT even if some are hard to realise? |
Posted at 09/8/2022 12:51 by cynicalsteve You can run from Baillie Gifford but you can't hide! No matter which IT you choose to invest in they will get you eventually. It's my own fault, I invested in IIT because I thought some kind of corporate action was likely, unfortunately my timing was terrible and I didn't have the guts to double up so even now I will make a loss.Surprised that the board talks about 'Continuity of investment proposition' because I can't find a single investment that's in both portfolios. IITs portfolio of mostly small and mid sized UK companies will have to be sold, some will be difficult to sell at market prices. In addition, although the Monks portfolio is restrained by BG standards it's aggressive by almost anybody else's. I think I've just persuaded myself to sell! |
Posted at 09/8/2022 09:48 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 16/5/2022 11:05 by brwo349 NAV 510pShare price 412p |
Posted at 04/10/2018 12:00 by douglas fir ..addendumhistorically IIT has traded more often at a discount..par to nav is no big deal really on this one from where I'm sitting.Even more so when you consider the weighting.Some people would consider Fevr now to be ex-growth,and Prsm,whilst having an adoring fan club cannot afford a mis-step .The weighting of builders may also detract.A 5%+ discount is very possible ,and depending on the direction of travel at that time I would take a view. |
Posted at 03/10/2018 16:42 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. |
Posted at 14/8/2018 10:56 by drrobin Douglas McDougall sold 25,000 shares on 1st August, but then he has sold similar batches over the last few months, so probably just exercising rights whilst the price was good.The price is close to the NAV, so I expect the price will rebound in the next few days. There has been 127,000 shares traded today so far, probably a lot of selling, may be stop losses. Their main holdings are looking okay so unless there is any other bad news I can't see the price going below the NAV and it should rebound. Best to sit tight and avoid panic selling. |
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