Share Name |
Share Symbol |
Market |
Type |
Share ISIN |
Share Description |
Investment Company Plc |
LSE:INV |
London |
Ordinary Share |
GB0004658257 |
ORD 50P |
|
Price Change |
% Change |
Share Price |
Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
Shares Traded |
Last Trade |
|
0.00 |
0.0% |
286.00 |
282.00 |
290.00 |
286.00 |
286.00 |
286.00 |
1,859 |
00:00:00 |
Industry Sector |
Turnover (m) |
Profit (m) |
EPS - Basic |
PE Ratio |
Market Cap (m) |
Equity Investment Instruments |
1.0 |
0.5 |
11.2 |
25.5 |
14 |
Investment Share Discussion Threads

Showing 101 to 122 of 125 messages
Date | Subject | Author | Discuss |
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16/5/2019 20:16 | Yes, not been great of late. |  topvest | |
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. |  pherrom | |
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. |  davebowler | |
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. |  topvest | |
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? |  getscenic | |
15/1/2018 21:16 | Yes, poor investment performance unfortunately. Get the feeling that change is afoot and the Manager may get changed. |  topvest | |
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 ?? |  yieldsearch | |
12/1/2018 14:45 | hTTps://www2.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITINV&univ=T |  davebowler | |
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. |  topvest | |
30/5/2013 08:43 | Many thanks |  solarno lopez | |
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 |  mangal | |
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 |  solarno lopez | |
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. |  mangal | |
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 |  solarno lopez | |
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! |  topvest | |
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. |  vizcaya2 | |
14/5/2013 07:53 | Edging closer to your prediction TOPVEST |  solarno lopez | |