Keystone Investment Share Discussion Threads

[essentialinvestor] 07/10/2020 10:49

Had a few this morning.

[easwarareddy] 06/10/2020 01:28

Have a look at eua if not already in. Multi bagger... under negotiations to sell whole company or an asset. News due soon.

[orinocor] 09/9/2020 16:46

17% of the portfolio is gold miners
Barrick Gold the biggest holding at 6.3%
Warren Buffet bought a big stake in Barrick very recently.

This trust continues to look cheap on a big discount.

[poikka] 09/9/2020 12:43

That was an error, they're showing update for end July.

[poikka] 03/9/2020 17:55

Wow, KIT are really ahead of the game - just announced the portfolio update for 30th June. Been on holiday, have you?

[orinocor] 30/6/2020 12:56

The discount has widened again to 18% based on the buy price of 248p and todays NAV announcement of 303p

[emptyglass] 22/6/2020 17:26

If the KIT board are serious about narrowing the discount they need to introduce a continuation vote at the AGM, say, every 3 years. Or maybe tender offers at NAV minus 5% ?

[orinocor] 19/6/2020 19:42

The last 3 days the company has bought back 1% of the company's shares.

[orinocor] 17/6/2020 09:29

The UK focussed trusts such as ASEI,EDIN, PLI, TMPL, IVI are now on NAV discounts of under 10% whereas KIT is on a 15% discount. I bought some more at 153p just now, under the mid price.

[orinocor] 10/6/2020 12:09

NAV down to 310p. I bought some more at 250.5p for a 19% discount.
Weird. The quoted price is misleading. The buy price is nearly the same as the displayed sell price

[orinocor] 09/6/2020 15:48

NAV 316.5p

I bought some more just now at 254p for a >19% discount. That's before accounting for today's market drop. Hoping the 15% gold weighting will cushion falls in the wider market. Still the best value general IT for me.

[orinocor] 08/6/2020 11:28

NAV 314p
16% discount

[orinocor] 05/6/2020 13:42

This rally just keeps going. ftse +109 points

[orinocor] 05/6/2020 08:36

still 40% upside here to the january level

[orinocor] 05/6/2020 08:35

Topped up with purchases at 250 and 254 this morning.
Yesterdays NAV was 309.5p so Kit is on a 17% discount even if you pay full ask of 257p
That compares well with the mighty Edin which is on a 11.5% discount

[orinocor] 28/5/2020 12:36

NAV 299.3p

[orinocor] 14/5/2020 20:24

The Company’s objective is to provide shareholders with long-term growth of capital, mainly from UK investments.

[poikka] 14/5/2020 20:02

THAT'S WHAT "I'M GETTING AT". GOT IT! ILL-MANNERED SOD.

[poikka] 14/5/2020 20:01

Thought I made it clear enough, but here goes: holding reliable divi payers alongside a growth portfolio.

Pharmas should be inflation-proof, AND be growth stocks.

Did I say ALL big yielders? No, I did not.

[orinocor] 14/5/2020 19:48

I'm not sure what you're getting at. It's easy enough to put all the big yielders in the portfolio and pay shareholders a big dividend but I don't think that's been very successful for some big ITs in recent years.

[orinocor] 14/5/2020 15:17

Yesterdays NAV announced at 285p. Its going to be less by tomorrow but maybe not too bad compared to the rest of the market. The 4 gold miners, 15% of the portfolio, are up about 3% today on average.

[orinocor] 11/5/2020 13:48

I missed the results last week but happy after reading through them. Pleased with 15% gold exposure and Goldstone makes a strong case.