Share Name Share Symbol Market Type Share ISIN Share Description
Investment Co. 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
  -2.00p -0.60% 331.00p 324.00p 338.00p 333.00p 331.00p 333.00p 9,273 11:00:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.0 0.8 16.0 20.7 15.69

Investment Co. Share Discussion Threads

Showing 101 to 122 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
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
17:13
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
11:15
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
17:30
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
09:43
Many thanks
solarno lopez
30/5/2013
09:30
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
07:50
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
14:09
Well done Mangal and as you say way off peoples radar
solarno lopez
28/5/2013
14:00
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
13:52
interesting
solarno lopez
28/5/2013
12:18
Another positive rise
solarno lopez
24/5/2013
14:00
Nice buy by someone
solarno lopez
17/5/2013
20:56
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
22:39
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
08:53
Edging closer to your prediction TOPVEST
solarno lopez
10/5/2013
19:57
They will - there is only a couple of major holders. They will have been brought on-side already. Still think this is a good opportunity. Should trade closer to net asset value as a bigger investment trust with a strong yield. It won't go higher than proforma NAV - 5% though in my opinion, until the placing is done.
topvest
09/5/2013
13:13
I cannot disagree but their is bags of scope and what happens if the Prefs do not convert !!
solarno lopez
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