Invesco Perpetual Uk Sma... Share Discussion Threads

[2wild] 03/9/2024 00:20

Yes just 2 weeks to go. Luckily 1 day before FED and 2 days before BOE interest rate decisions, Which have scope for disappointment. 6 weeks before budget. Looking good for 500p to 510p,returning next month.

[bitgold] 02/9/2024 19:25

NAV is looking great for the special dividend tender. Let's hope it holds until valuation date for the distribution - I can see the Labour honeymoon ending soon.

[2wild] 02/9/2024 14:32

6 Month Performance
NAV 29 Feb 24: 458.17p
NAV 30 August: 520.05p
Dividends paid 5.41p May, 3.5p August.
Total 528.96p up 15.45%

[2wild] 25/8/2024 18:38

Nice trade. I Previously held. shell, Rio, GSK, HSBC, and Phoenix. As they are now all in the CT UK high income top 10, I sold them on up days and reinvested into CHIBB on around 12% discounts.

I like the changes made by the new manager Over last 12 months. CHIB now my 2nd largest holding after IPU

[carpingtris] 25/8/2024 17:16

I didn't tender anything... happy to continue holding 👍

[brwo349] 25/8/2024 14:04

Yes the discount was often 15% or more.

IPU still looks cheap to me on a 13% discount and CHIB is on a 12% discount and a 6.6% yield. I'll be looking to top up both next week.

[2wild] 24/8/2024 21:23

Well done brwo, did you buy Invesco Select Trust on a wide discount?

[brwo349] 24/8/2024 20:40

I misread the announcement but I agree now on the 27% which means a very good outcome

2wild yes. As an example I tendered all my shares in the Invesco Select Trust tender. I was expecting 40% to be accepted but because my shares were in a nominee account I got 100% accepted. A very unexpected surprise.

[2wild] 24/8/2024 19:26

If everybody who Tended went 100% would get 27.1% each.

As you say bitgold retail platform holdings tend to get a much larger % allocation due to lower uptake. Other reasons include serious illness., death and protracted probate. Some investo avoid looking at their portfolios to prevent panic trading. Some take Buy and hold very seriously and will never sell anything. Most small investors would simply Conclude, a 14% price premium on10% of their holdings is only worth 1.4%. As share priced often moves by this amount in a day or 3, why bother?

If 10% or less of interactive investor holdings were tendered, I will get 100% allocation. Not my base case but entirely possible.

[bitgold] 24/8/2024 11:13

Our big question is how many smaller investors in the shared nominee accounts tendered theirs. I have no doubt that the arbitrageurs will have tendered 100% of their holdings, but a lot of the small investors tend not to understand what is going on. I suspect those with iii, hl, etc. who tendered all will end up with a 50-60% cash in. Let's see.

[brwo349] 20/8/2024 10:50

But over 30% tendered whereas there are only 10% available.

[llef] 20/8/2024 10:32

2wild - Thanks for your thoughts. Fingers crossed that nothing bad happens to the NAV between now and sep 17th, (which is the NAV record date for the tender offer).

cheers

[2wild] 20/8/2024 10:22

llef. Reasonable assumption. I also tendered 100% in both of my Interactive Investor ISA and SIPP accounts. If majority those tendering went,,100% could end up getting most of our shares taken up.

[2wild] 20/8/2024 10:00

IPU announces that as at 1.00 p.m. on 19 August 2024, being the latest time for receipt of forms of election under the terms of the Special Dividend Offer described in the circular published by the Company on 19 July 2024 (the "Circular"), the Company had received valid elections to receive the Special Dividend on 12,450,915 Shares, representing 36.8 per cent. of the Company's issued ordinary share capital.

As more than 3,382,692 Shares (being equal to 10 per cent. of the Company's issued share capital as at the date of the Circular (excluding treasury shares, rounded down to the nearest whole number) have elected to receive the Special Dividend, a scaling back exercise will be undertaken in accordance with the process described in the Circular.

[llef] 20/8/2024 09:54

I tendered 100% of my holding to this special divi offer.
My understanding of today's news is that between 25% and 30% of my holding will be eligible.
Anyone disagree with that estimate?
cheers

[2wild] 08/8/2024 15:48

Added today at just under 450p. 11.5% discount to 508.49p NAV. 4% annual dividend yield, based on 31st January share price, reset annually at 4%.

[2wild] 07/8/2024 11:35

What a difference a week makes. Last Wednesday morning, the price rose to 480p. They went Ex 3.5 dividend Thursday open, followed by the long awaited bank of England Base rate cut. Bank of Japan unexpectedly increased interest rate, leading to a massive surge in the value of the Yen. on Monday Nikki225 fell 12%, other markets around the world slumped and IPU fell below 440p. Markets now recovering with IPU at 458p offer price.

[its the oxman] 31/7/2024 11:58

Expecting this and a lot of small caps to pause for breath soon, but still a long way to go to recover past highs so holding tight, next few years could be good if rates do indeed fall.

[2wild] 31/7/2024 11:45

Thought to myself yesterday, may as will start reinvesting some of October 8 capital returns. Paid 467p yesterday and reinvested this morning's dividends, from other companies, into IPU at 469.9p.

Trades now going through above 480P ahead of Bank of England rate decision and IPU Ex dividend tomorrow.

[chc15] 31/7/2024 11:16

Good day, glad I bought back in, really hated this trust before.

[brwo349] 30/7/2024 16:19

Good day for ftse250. It's up 1.4% with the FTSE100 down 0.1%.

[chc15] 26/7/2024 21:43

Bought back in yesterday, happy to hold for divs and discount narrowing. Good day.

[carpingtris] 26/7/2024 19:13

Going in the right direction now :)

[brwo349] 26/7/2024 15:33

some big risers in the top 10 today. The 2 biggest holdings 4imprint and JTC and both up over 3%

[2wild] 25/7/2024 16:23

Anyone with interactive investor has until 11:59pm 14th August to take up tender,. Or do nothing if not interested and keep receiving 4% dividends p.a. on your entire holding.