Invesco Select Share Discussion Threads

[brwo349] 16/4/2024 11:57

40.3% to be more exact,
and a dividend announcement for good measure.

Headline: Declaration of Quarterly Interim Dividends

The Directors have declared fourth quarterly interim dividends for the year ending 31 May 2024 as follows. These dividends are payable on 10 May 2024 to shareholders on the register on 26 April 2024.

The shares will be marked ex-dividend on 25 April 2024.


UK Equity Shares

2.55p

[brwo349] 16/4/2024 11:43

oh good news, votes have passed. I need to do the calculations but I think if anyone tendered all their shares they will get about 40% accepted at 2% less than NAV. NAV was 197 so the tender price would be 193p although may be less after today.

[brwo349] 15/4/2024 09:57

Here is the timetable for this week. Tender results today and the Class meeting is tomorrow. I'm hopeful the class meeting succeeds but not confident.


Updated results of Tender Offers announced 15 April

Calculation date for the Tender Offers close of business on 15 April

UK Equity Share Class Meeting 9.30 a.m. on 16 April

Interim dividends announced 16 April, post meetings

CREST accounts credited for revised uncertificated holdings of tendered Shares (or, in the case of unsuccessful tenders, for entire holdings of tendered Shares) 17 April

[brwo349] 08/4/2024 20:25

A lot more buys than usual today but you'll have to rush if you want to get your votes in. Nominee account holders may have to give their broker's instructions by close of play tomorrow.
I've voted for all resolutions and tendered my full 35,000 shares.

[brwo349] 03/4/2024 20:52

Top 10 holdings % portfolio

RELX 5.8
Shell 5.8
Next 5.2
BP 4.4
SSE 4.4
National Grid 4.4
Ferguson 3.4
Barclays 3.2
Experian 3.1
Bunzl 2.9

Total 42.6

[brwo349] 03/4/2024 20:48

Net asset value is 196p.
I bought more today at a 19% discount.

[brwo349] 03/4/2024 20:47

If any condition is not satisfied (other than those relating to a Partial Consolidation), the Proposals will not become effective, the Company will not proceed with any of the Proposals and instead will continue in existence with the current Share classes and Articles. In these circumstances, the Directors will reassess the options available to the Company at that time.


There needs to be at least of third of total shares casting a vote.

[31337 c0d3r] 31/3/2024 14:23

What happens if there are not enough votes again?

[brwo349] 28/3/2024 19:42

Yes. I don't think the total number of votes cast passed a pre-defined threshold.
I'm disappointed but I bought another 9K today on an 18%-19% discount because I see this as a win win.

[31337 c0d3r] 28/3/2024 11:19

Do I understand correctly the tender offer has been reopened and the deadline extended to April 12?

[brwo349] 25/3/2024 16:56

One the assumption the resolutions pass then anyone buying this now is in effect buying the Global shares. IVPG.

[brwo349] 06/3/2024 10:41

Benefits of the Proposals

Your Board believes that the Proposals are in the best interests of the Company and its Shareholders as a whole, and should yield the following principal benefits:

Restructuring

the Global Share Class offers the broadest set of investment opportunities for equity investments whilst also providing diversification benefits for UK investors;
global equity income is a strategy that can provide investors with a steady and diversified income, as well as the potential for capital appreciation and lower risk than investing in a single market or region;
simplification of the Company's capital structure, removing a potential barrier to those looking to invest;
creation of a single share class with net assets of approximately £179.4 million[1], which should facilitate the critical mass needed to attract additional investors;
improvement in liquidity; and
a reasonable expectation of an additional positive impact on the discount to NAV at which the Global Share Class may trade.

Tender Offers

provides an opportunity for the Smaller Share Classes to realise up to 100 per cent. of their investment at close to NAV; and
provides an opportunity for UK Equity Share Class shareholders to realise up to 15 per cent. of their investment close to NAV.

Ancillary changes

the changes to the dividend policy will provide a more predictable level of income for Shareholders;
the introduction of a new discount control policy will help ensure that the Shares trade closer to NAV; and
the introduction of the 2026 Continuation Vote, and subsequent continuation votes, allows Shareholders the opportunity to express their views on the Company.

[brwo349] 23/2/2024 11:40

I'm buying again at 154p with the NAV at 188p

As part of the conversion to a global oriented trust shareholders can tender 15% at the NAV which is 22% upside from here.

[brwo349] 15/11/2023 08:13

topped up at 150p compares with net asset value of 180p. Great price

[brwo349] 18/10/2023 11:51

NAV 182p
This is definitely my favourite UK trust at these prices. I was considering buying an ETF like ISF but what's the point when I can buy this at 152p.

[brwo349] 11/10/2023 10:46

NAV 180.7p

[brwo349] 09/10/2023 15:03

Biggest holdings are shell 6.1% and BP 5%. Both well up today.

[brwo349] 06/10/2023 19:57

major share repurchase

06/10/2023 5:19pm
PR Newswire (US)

HEADLINE: Purchase of Own Securities

UK Equity Shares (IVPU)

The Company announces that, on 6 October 2023 it repurchased 216,856 UK Equity Shares of 1p each at 151.05p per share, to be held as Treasury shares.

[brwo349] 05/10/2023 13:42

Headline: Declaration of Quarterly Interim Dividends



The Directors have declared second quarterly interim dividends for the year ending 31 May 2024 as follows. These dividends are payable on 15 November 2023 to shareholders on the register on 20 October 2023.

The shares will be marked ex-dividend on 19 October 2023.


Share class

Dividend Amount

UK Equity Shares

1.60p

[brwo349] 05/10/2023 13:41

05/10/2023 11:50am
UK Regulatory (RNS & others)


TIDMIVPU

Invesco Select Trust plc
UK Equity class Ordinary shares (IVPU)
As at close of business on 04-October-2023
NAV per share (unaudited) with Debt at Par & Fair Value
EXCLUDING undistributed current year revenue 173.27p
INCLUDING current year revenue 174.27p

[brwo349] 21/7/2023 07:32

Kepler review
hxxps://www.voxmarkets.co.uk/rns/announcement/b77cc4c2-4304-4fbb-a17c-d74238c1e370

[brwo349] 28/4/2023 17:34

No obvious reason, just a normal closing of the discount which was excessive. Good to see though.

[tintriangle] 28/4/2023 17:27

Any thoughts on the 10% rise in IVPU today? No obvious reason from RNS or market generally.

[brwo349] 20/4/2023 11:40

ridiculous spread on this