Investment Share Discussion Threads

[topvest] 16/5/2019 20:16

Yes, not been great of late.

[pherrom] 16/5/2019 08:02

"The objective of the Company is to provide income and capital growth over the long term." Precisely the opposite has been achieved.

[davebowler] 07/2/2018 11:54

1 February 2018 The Investment Company plc Change of Investment Manager The Board of the Investment Company plc ("TIC" or the "Company") announces that it is changing its investment manager from Miton Asset Management Limited ("Miton") to Fiske plc ("Fiske"). The Board has agreed a period of notice with Miton and Fiske will assume responsibility for the portfolio from 1 April 2018. The Board thanks Miton for their work over the last five years. Reasons for the change of Manager The Board believes there is a strong commercial rationale for the change in manager, which will result in a reduction of the fund management fee from 1% to 0.75% per annum of Net Asset Value, payable monthly in arrears and cancellable on six months' notice by either party. There is no minimum contract term. For the first twelve months, the management fee shall be capped, in total, at GBP 90,000 net of VAT. Fiske's proposal was chosen after a comprehensive selection exercise as they were able to demonstrate: * Familiarity with the Company and the core investment philosophy * A competitive management fee structure * A clear strategy to reduce operating expenses and the ongoing charges ratio of the Company * A strategy to increase the size of the Company over the medium term As there has been, and continues to be, some overlap in executives between Fiske and the Company the change of investment manager is considered a related party transaction of the Company. This transaction is therefore disclosable as a smaller related party transaction pursuant to LR 11.1.10 R. The Board has also carried out a review of operations and is making changes to the Company's administrative arrangements for the provision of Secretarial, Administration, Registrar and Custodian services with the aim of lowering the cost of overheads. Pursuant to this, an application has been made to the Financial Conduct Authority for the Company to be its own self-managed AIF.

[topvest] 02/2/2018 19:00

Yes,they did allude to it previously so maybe not as gifted a prediction as it could be. Whilst I like Miton they have done a poor job here and deserve to be sacked. They bought some real dodgy investments including a few barge pole preference shares. Fiske are a relatively old fashioned stockbroker long associated with this company. Overall, I would probably agree with the move as performance has been well below par.

[getscenic] 02/2/2018 18:46

Hey TV rub your crystal ball again and tell us the date of the next crash. Good call, do you know anything about Fiske?

[topvest] 15/1/2018 21:16

Yes, poor investment performance unfortunately. Get the feeling that change is afoot and the Manager may get changed.

[yieldsearch] 15/1/2018 18:19

In 2017 the NAV has gone up, and the share price down, resulting now in a discount at 11%.. any reasons ??

[davebowler] 12/1/2018 14:45

hTTps://www2.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITINV&univ=T

[topvest] 08/8/2013 16:13

Looks like they now have some equity in this company: http://www.isdx.com/ForBrokers/TradingData/Announcements/AnnouncementDetails.aspx?newsid=2127964

[topvest] 05/8/2013 10:15

These have fallen back a bit. I've added a few more as on a very good discount and prospective yield.

[topvest] 22/6/2013 16:30

Not a bad result here on the initial placing given the carnage in the markets over the last couple of weeks. Good times ahead for this investment trust I believe.

[solarno lopez] 30/5/2013 08:43

Many thanks

[mangal] 30/5/2013 08:30

SL, I'm no expert in these matters but I follow a few threads here on advfn to pick up ideas(regardless of whether mainstream or "out of the way") on what to buy. eg, some of the ones that I follow: http://uk.advfn.com/cmn/fbb/thread.php3?id=25192223 http://uk.advfn.com/cmn/fbb/thread.php3?id=28869649 http://uk.advfn.com/cmn/fbb/thread.php3?id=1171493

[solarno lopez] 30/5/2013 06:50

Mangal as you seem to be in the know on these out of the way stocks have you any others that you would care to share please.

[solarno lopez] 28/5/2013 13:09

Well done Mangal and as you say way off peoples radar

[mangal] 28/5/2013 13:00

This one has been a great investment; off many people's radar- a hidden gem for sure; has doubled since I bought some 4.5 years back & not counting the divs.

[solarno lopez] 28/5/2013 12:52

interesting

[solarno lopez] 28/5/2013 11:18

Another positive rise

[solarno lopez] 24/5/2013 13:00

Nice buy by someone

[topvest] 17/5/2013 19:56

I'm happy to hold here for the longer term. It's definitely getting difficult to find real value in this market though!

[vizcaya2] 14/5/2013 21:39

Well Topvest...further to my comments and you reading them back in November and you buying then I sold out all my holding this Monday. Cash of my portfolio risen to 34% including these proceeds.Three stocks now on horizon for a bad market day.

[solarno lopez] 14/5/2013 07:53

Edging closer to your prediction TOPVEST