Majedie Investments Share Discussion Threads

[washbrook] 29/3/2009 11:58

I decided to create a thread of Investment Trusts Income stocks.
I have been an investor in some of these for over 30 years.
There are 10 stocks that I am concentrating on.

Dunedin Income & growth*
Merchants *
City of london I.T*
Scottish American
Madjedie( chosen the epic for this thread because of the biggest discount)
Lowland
Law Debentures
Henderson High
IVCO INC
Midas Income
* already hold these stocks.
The prices, yields and discount or premium to net asset value.(shown in the table below)

[topvest] 12/2/2009 22:13

Yes, I think it's a nice solid investment trust. Good yield and asset management business. Quite a spread of investments. Lack focus on investment strategy, but that's not necessarily a bad thing.

[ladywormer] 12/2/2009 12:33

I never thought I would see a thread on this share. I hold shares that have been in the family from the 70's. My late uncle thought these were the best shares in the world.

[topvest] 03/2/2009 19:47

I thought that I would start a thread on this interesting self managed investment trust. I'm amazed that no thread exists. This investment trust has a 19 year dividend increase record and a successful asset management business. Normally trades at a 20% or so discount on NAV.
Had a difficult couple of years recently, as have most, and its strategy is under review. Looks solid enough at this price though (i.e. below 170p). Anyone else hold?
ps Just bought some myself!