M&G High Income Share Discussion Threads

[aleman] 15/4/2013 14:52

Prefs have to pay out just under 123p in 4 years. THe current value credited may be 85p+ but another 37p has to be gradually added to them. THe income shares get up to 70p once that is paid so the capital shares get whatever is left after just under 193p is taken by prefs and income shares in 2017. Package NAV is just under 156p so that needs to add 37p in the next 4 years for capital shares to pay anything out. THat means capital shares will have some return if the fund grows more than 24% in 4 years. There is no reinvested income because the income shares get it all so that 24% has to come from rising asset values only. To make a profit on the current 4p price of capital shares you would need a 26% rise over the 4 years. I recently thought capital shares were reasonably good value when you could pick them up for 2.3p. It's hard to call a fair value for them but under 3p looks a decent buying opportunity to me for now, while over 4p reduces the gearing/option effect and means over 26% fund growth will be needed, which is pushing it a bit. I think somwhere between 3p and 4p seems reasonable for the time being.

[coolen] 15/4/2013 14:01

Thanks for that.

Does the reference to 37p mean 37p per Pref share ?

If so, do you know how that 37p impacts on the capital share, please ?

I'll take a look at the MGHI thread. Thanks again.

[aleman] 15/4/2013 13:28

-2.46p then subtract the 37p that is still to accrue to the prefs over 4 year. (You might learn more on the MGHI thread.)

12 April 2013
M&G High Income Investment Trust P.L.C.

The Board of M&G High Income Investment Trust P.L.C. announce
that the net asset value (NAV) at 12:00 noon today was £390.6 million.

Income Shares * 70.48p
Capital Shares 0.00p
Zero Dividend Preference Shares 85.44p
Income & Growth Units 70.48p
Package Units 155.92p

The net asset values have been calculated on a cum-income basis,
with dividends payable deducted from net assets on the ex-dividend
date. Financial assets are valued on a mid-market price basis.

* The ex-income NAV of each Income Shares is 67.56p.

[coolen] 15/4/2013 11:09

Anyone know what the NAV (negative) is ?

The company simply states "nil", but there must be a minus figure which would give us an idea of the hill it has to climb.

[vision88] 15/11/2011 14:57

the FTSE goes up and down down and up and up and down but this share goes down and down and down down and down it know not what is up its hard to imagine that any one would invest in such an enity

[gina11] 16/5/2007 11:35

Any idea why the share price has stayed static lately?

[gina11] 05/5/2007 11:58

Advice please. If I invest in an ISA there will be no capital gains tax to pay. If I sell my shares and reinvest on the same day, and the amount is more than £7000, can I put it in another ISA? Will there be any tax to pay? Thanks.

[cityfarmer] 04/5/2007 15:15

Hi Gina11, looking forward to the chat as you can see nobody ever talks to me!

[gina11] 01/5/2007 18:33

I will talk to you cityfarmer. As soon as I receive my cash from MGTC I will be buying into these. I am looking at a long term investment.

[cityfarmer] 23/3/2007 12:13

New highs! i so love these! and still 10 years to go, 30p here we come.............

[cityfarmer] 22/3/2007 13:12

As someone just bought 100,000 @ 24p I am clearly not the only holder! please show yourself...

[cityfarmer] 22/2/2007 14:45

This has been and is one of the best performing investments on the stock market over the last couple of years (as I have consistently predicted above) that said I continue to have to talk to myself on this BB. Am I madly, truly, deeply, honestly the only person on this planet that has some ?

[cityfarmer] 24/1/2007 15:09

If the FTSE continues making new strides forward I can only feel there is one way these can go...........moon and starts here we come.

[cityfarmer] 29/9/2006 10:53

Hi Crisp007,

Agree with your post above and topped up earlier in week with MEQC which in line with MGHC are both looking good for further rises. If the FTSE is preparing for a good run then both of these shares will be little gems in a couple of years.

[cityfarmer] 17/3/2006 09:17

Well I am skint but anyone interested should consider these as could be about to break out again today...

[purse] 27/1/2006 16:28

Better than me, I got bored and sold last week at a profit, 1 week later and it would've been a better one.
Plenty of time I hope for a pull back & maybe I'll re-enter.

[cityfarmer] 27/1/2006 12:49

Bloody hell am I good or am I good! or just ignor me like you all usually do...........

[cityfarmer] 27/1/2006 09:40

Yes its me again! With the FTSE 100 and 200 absolutely flying these should again see some interest shortly. Anyone into charting would probably be calling a break out on these too........... Good Luck.

[mangal] 11/1/2006 13:03

I too need to retrieve my PC - can we have the photo back [together with the charts] please?