Independent Investment Trust Share Chat (IIT)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
The Independent Investment Trust	LSE:IIT	London	Ordinary Share	GB0000811686	ORD 25P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-11.00p	-1.99%	543.00p	538.00p	548.00p	534.00p	520.00p	532.00p	77,879	16:35:14

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Equity Investment Instruments	5.8	5.1	9.2	59.0	304.79

Independent Investment Trust Share Discussion Threads

Chat Pages: 1

Date	Subject	Author	Discuss
16/11/2018 12:36	very prescient Douglas	thefartingcommie	Read Full Thread Reply
04/10/2018 12:00	..addendum historically 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.	douglas fir	Read Full Thread Reply
04/10/2018 06:10	tx for that.. I've always followed Douglas McD on this one.	douglas fir	Read Full Thread Reply
03/10/2018 16:42	from Investment Trust Insider Not 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.	robow	Read Full Thread Reply
30/9/2018 11:08	have always been a fan and supporter of Max...but... top 5 hldgs now comprise >40% Blue Prism plc Ordinary 1p 13.20% Fevertree Drinks plc Ordinary 0.25p 9.80% On The Beach Group plc Ordinary Shares 1p 6.37% Ashtead Group plc Ordinary 10p 6.22% Redrow 5.76% Herald Investment Trust Ordinary 25p 5.33% Midwich Group plc Ordinary 1p 5.33% Crest Nicholson Holdings plc Ordinary 5p 4.03% FDM Group plc Ordinary 1p 3.73% Motorpoint plc Ordinary 1p 2.75% now trading at a discount for the first time since Spring 2017...does this signify an increased perception of risk,or a natural pullback to become better value? Certainly very little margin for error/the unexpected here whichever way you view it IMHO	douglas fir	Read Full Thread Reply
14/8/2018 13:30	And this IT has shown decent swings in the past...just read their material and ensure you have bought into their abilities. If I had spare cash, I would be buying in again plus I would add to my mnks holding	merrimac	Read Full Thread Reply
14/8/2018 10:56	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.	drrobin	Read Full Thread Reply
14/8/2018 08:35	These are their top 10 holdings Blue Prism Group PLC 10.8% Fevertree Drinks PLC 9.5% Ashtead Group PLC 6.4% Redrow 5.9% Herald Ord 5.4% Midwich Group PLC 5.3% On The Beach Group PLC 4.9% Crest Nicholson Holdings PLC 4.2% FDM Group (Holdings) PLC 3.9% Motorpoint Group PLC 3.0%	robow	Read Full Thread Reply
13/8/2018 13:43	Indeed, the nav has been constant last few days around 650, so drop is odd, maybe sellers around.	chc15	Read Full Thread Reply
13/8/2018 11:09	Just watch its premium and buy when it is low enough to satisfy you. It is a well run trust.	merrimac	Read Full Thread Reply
13/8/2018 08:11	Yes premium was v high. Possibly buying opp u reckon soon?	chc15	Read Full Thread Reply
12/8/2018 03:42	Only guessing that the premium became just too high....I think it got to around 2o+% vs its lows of -12% discount. I am not sure if their holdings as I sold out a while ago due to the high premium.	merrimac	Read Full Thread Reply
10/8/2018 12:42	Dropping a bit, any reasons why..	chc15	Read Full Thread Reply
19/4/2017 11:50	I love IIT a well run I.T.	rogerbridge	Read Full Thread Reply
19/1/2017 02:02	For the header please. hTTp://www.independentinvestmenttrust.co.uk/	rambutan2	Read Full Thread Reply
30/1/2016 20:22	This came to my attention recently, any thoughts, followers? hxxp://www.independentinvestmenttrust.co.uk/	getscenic	Read Full Thread Reply
17/9/2007 10:24	Max didnt you see this coming; do we still hold 5% of our assets in Northern Rock?	pb10	Read Full Thread Reply
20/2/2007 17:40	Do you have a relative or a friend that works at a PLC ? Is your wife a finance director at an AIM company ? Does your cousin work in the postroom of a biotech company ? Please post all inside information here, so that your fellow free bb posters can share the good luck. To kick off, my brother works at Barclays in Maida Vale, and one of their tills was £30 short last week. At Barclays, there is a huge investigation if the till is more than 5p out, so I suspect their results for next year won't be as high as £7.1billion.	frank spencer	Read Full Thread Reply

Chat Pages: 1

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