Merchants Share Discussion Threads

[tim 3] 22/10/2024 17:36

Yes CTY is an absolute stalwart dividend payer increasing its payment since 1966!Has lower gearing than MRCH though so moves both up and down are less exaggerated.A classic boring but consistent investment trust.As with many trusts like this if you can pick them up when markets are in turmoil such as Covid you can be set up for years to come otherwise don't expect to much capital growth.IMO dyor .

[janeann] 22/10/2024 16:33

Many thanks.looking into them....alreadys gave a few CTY. Surprised from a 1st glance i havent bought into jegi in the past!

[investingdad] 21/10/2024 19:15

CTY and JGGI. Though I have had some medium term success with BNKR and JCH but sold out in this a while back.

[janeann] 21/10/2024 12:59

Been a very long term holder of MRCH. Just wondering if anyone has any recommendations for othehr trusts that have such a good track record of both income and growth. Thanks in advance

[jong] 10/10/2024 09:42

XD Today. 7.3p per share payable on Friday 15 November.

[pj84] 22/9/2024 18:22

"Merchants Trust: The extraordinary value in UK equities and dividends

In a recording of this week’s virtual event, Merchants Trust fund manager Simon Gergel explains why he is positive on the UK, which from these levels could outperform the US."

It's just under an hour but well worth a listen for those of us who believe a rerating of UK shares is overdue.

I suspect we need to get the new government's first budget out of the way and then to see interest rates start to fall at the next BoE meeting and if nothing too bad happens then 2025 could be a good year for undervalued UK shares.

[pj84] 01/8/2024 23:58

Certainly, the UK stock market’s growth rate has been extremely poor in recent years. But with a global tilt, dirt-cheap valuations and an upbeat economic outlook, Questor believes it is only a matter of time before it begins to deliver much-improved returns. With Merchants having an excellent track record of outperformance, a sound strategy and generous gearing, it is well placed to capitalise over the long term.

Questor says: buy

Ticker: MRCH

[tim 3] 27/7/2024 08:15

Yes looking really strong, cty also had a great day yesterday seems UK investment trusts are in demand.

Those who bought the covid dip have nearly doubled their money before dividends!

Wonder if ss still thinks sub £4 is likely by the end of the year?

[mister md] 26/7/2024 15:19

SS - is £6 pounds by end of *July* 2024 good enough ?!




Superiorshares 16 Oct '23 - 01:08 - 2281 of 2335

Will the MRCH share price soon begin with a 4 ? ...I think so
I repeat £3 pound ush by the end of 2024

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Mister MD 19 Oct '23 - 07:24 - 2282 of 2335 Edit

I'll go for £6 pounds by end of 2024
Fwiw have added to holding in the 490s.

[realdealy] 25/7/2024 11:50

As far as I'm concerned you called this share totally wrong.

[jeffian] 07/6/2024 16:09

Agreed. It's just not worth engaging.

[apparition1] 07/6/2024 15:29

I.D. you'd be best just filtering SS he keeps on the same theme without any reasoning. I guess he's just some nerd with only 2 pennies to rub together. I've had him on filter for a few years now. If you respond to him it only winds him up to issue more tripe.

[investingdad] 07/6/2024 07:20

'Time in the market, not timing the market.' That's the only tip you need, focus on that rather than your pretend shorts. I think we are all still awaiting your rant style explanation of why dividends will reduce too. I can see there being a little US instability before the election - there always is and we've not seen a sell off yet. But then it should recover and pick up momentum once the outcome is clear or looking clear. Globally there are a lot of elections this year to watch out for. There will be less instability here as it is more or less decided and business are starting to side with Labour. So sell off could be more ripples than shockwaves. I would imagine the range you'd expect would be 480-500 for 2024. 2025 is harder to call. And as amateurs we don't really have the full data sets to know. Even the pros don't know, they were expecting it to happen before this. It is a bit of a fools game betting the precise share price when there are so many uncertainties, but that doesn't stop SS of course. In my opinion: The biggest concern will be inflation, which I think will rise again in the future, and share prices will directly correlate. What we don't know yet is when rates will be cut. I feel US are going to hold for longer than here, but of course reductions can come too late and be a reaction to the horse that has already bolted. However, SS, your numbers to get to 300p is nearly a 50% drop. COVID panic saw about 40% drop. The GFC saw 57% or so, so you are calling something closer to the GFC. It's a big call. Brexit gave a 22% decline for MRCH, similar decline would see share prices at about 450p from 580p. But it doesn't really matter. 300p, 400p, 450p, 480p, 500p. Are all great to good prices when you have time.

[mister md] 22/5/2024 11:57

Superiorshares 16 Oct '23 - 01:08 - 2281 of 2335
Will the MRCH share price soon begin with a 4 ? ...I think so
I repeat £3 pound ush by the end of 2024
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Hmmm, so that looks like the 2nd big MRCH call you've got completely wrong.

I have a sneaky suspicion your revised £3 target by end of 2025 is complete b0llox too.

[investingdad] 19/5/2024 20:19

Hard to call someone Investing Dud when you have literally made the worst call that this forum has seen recently. I don't take it personally, don't worry. You already know my views on yourself.Inverse SS trades have proven successful so far, is this the point at which to sell now that he has given up his 300p in 2024 that he was so adamant about? It is confusing times. However I am glad to see you throwing the towel in Q2.Good job you didn't start your shorting at any of the recent lows...get invested and don't miss your opportunities would be my advice.

[superiorshares] 19/5/2024 09:17

I'm still here highly unlikely it will get to the 3 quid by the end of 2024. The Yanks are printing money and dumping it into the system again, which is what you would expect with the upcoming elections.
It will only succeed in one thing.
My 3 pound target won't change because the reasons I thought that, are exactly the same.
So investing dud and Mister MD
Don't do a forecast fo next Thursday. Let's all do one for end of 2025
Mine is still the three pound area.

TRUMP2024
SS

[investingdad] 10/5/2024 12:05

Smashed through the 580p quickly. 600p ahead and with the good news on rates this could get above that target too. Has been a selling point in the past, but providing the data gives us rate cuts and then stability from elections. There could be a FTSE run for some time to come. Or at least I hope.

[investingdad] 02/5/2024 19:24

There's always risk when investing, no one ones what will happen or when a black swan will strike. However buying in on the 16th Oct when that message was sent would have gained 11.88% in just under 7 months plus a solid yield of about 5.6%. I'm not sure when the ex dividends was etc however it isn't too bad total return for a fairly steady trust that under performed the bench mark and has since continued to rise. 580p soon? A late year UK rate cut and stability from elections might just keep the party going.

[munin] 28/4/2024 15:08

I rather feel that MM will be proved right, rather than SS.
But……230;who knows…………

[mister md] 25/4/2024 09:47

SS - a reminder ;-)



Superiorshares 16 Oct '23 - 01:08 - 2281 of 2335

Will the MRCH share price soon begin with a 4 ? ...I think so
I repeat £3 pound ush by the end of 2024
--------------------------------------------------------------------
Mister MD 19 Oct '23 - 07:24 - 2282 of 2335 Edit

I'll go for £6 pounds by end of 2024
Fwiw have added to holding in the 490s.

[mister md] 25/4/2024 09:41

As predicted, unloved, undervalued FTSE stocks finally starting to recover. Unilever +5% on results a good example today.