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MRCH Merchants Trust Plc

532.00
3.00 (0.57%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Merchants Trust Plc LSE:MRCH London Ordinary Share GB0005800072 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 0.57% 532.00 533.00 536.00 534.00 531.00 532.00 360,093 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 48.86M 40.19M 0.2699 19.75 793.52M
Merchants Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker MRCH. The last closing price for Merchants was 529p. Over the last year, Merchants shares have traded in a share price range of 477.00p to 588.00p.

Merchants currently has 148,877,887 shares in issue. The market capitalisation of Merchants is £793.52 million. Merchants has a price to earnings ratio (PE ratio) of 19.75.

Merchants Share Discussion Threads

Showing 826 to 850 of 2925 messages
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DateSubjectAuthorDiscuss
20/8/2020
12:53
I'm somewhat stuck at present with a number of individual,under-performing,dividend paying shares. My income paying investment trusts haven't performed any better. Thankfully, I have about 70% (ish) of my portfolio in global growth funds. They've more than protected my capital. Not investing for income, but drawing down from capital, has won hands down for me!!
zac0_4
20/8/2020
10:39
zac0_4,

I'm in exactly the same boat - only I haven't committed the funds yet. Entirely by luck rather than judgement, the unexpected takeovers of 3 of my largest individual shareholdings has resulted in my portfolio being 70% cash (compared to usually being fully invested). I decided I really couldn't research enough shares to replace what I had and have drawn up a list of around 20 IT's, mainly income-paying. I kicked myself for missing the slump in March but have subsequently bought MRCH and am down about 3%. I am keeping my powder dry on the rest for the moment as I still see the potential for huge trouble ahead. I don't think the markets have really taken on board the huge damage to the economy that will be revealed when Government help schemes are stopped so I thing there are better buying opportunities ahead.

jeffian
20/8/2020
10:21
The performance will pick up once ‘old value economy‘ stocks become in vogue again.

Thats what mrch concentrates on—— VALUE.

not in vogue in these present times.

Great to get a yield, im not put off by my loss as this will turn one day.

escapetohome
20/8/2020
10:16
I guess we're all invested here for the income. I've been moving from individual dividend paying shares into 3 income paying (5%+ when I invested)investment trusts. The logic being that the diversification from a trust offered me more protection than individual shares. Currently I hold 3 income paying trusts: Merchants, Henderson High Income and Henderson Far East Income. Here's the 12 month performance for each: -16.4%, -13.4% & -7.3%. All figures include income from dividends. Interested to know if anyone has had any success over the last 12 months with any dividend paying investment trust.
zac0_4
19/8/2020
10:14
blue - excellent post 832. Sage words.
speedsgh
19/8/2020
10:00
One of the things to unscramble when looking to bulletin boards for opinions, is bearing in mind that people have differing aims, time horizons, available resources, attitude to risk etc. Yes if I had the wealth of Bill Gates I'd probably be mostly in cash now and sitting it out waiting for bargains in a few months, a year's time or whenever. But some mere mortals are not in that lucky position and have to make pragmatic and sometimes less than ideal choices. Especially if your overriding purpose of investment is ongoing income.
bluemango
19/8/2020
09:49
Also happy to hold these and other quality ITs long term. When dividends are in doubt and you rely on income, it is precisely to good quality ITs that you gravitate or stick to - to spread the risk. Yes, the capital position compared to better times currently looks dire, and yes there could still be a rocky road ahead. But I'm content (alongside a few individual stocks with continuing good prospects like BAE Systems & PHNX) to let good IT fund managers do the juggling for me while trying to generate income.
bluemango
19/8/2020
07:47
It capitals when I post from mobile app for some weird reason lol!
tim 3
19/8/2020
07:44
tim 3 - well just received my chunky MRCH dividend and happy to hold these long term

btw - why are some posts by 'tim 3' and others by 'Tim 3' ?

mister md
19/8/2020
06:58
Agree. But these days they just pump money in. In 2 years the market may still be booming, once a vaccine is found.
The stock market value is just a function of the money being pumped in.

escapetohome
19/8/2020
04:09
Can I just say . No one has mentioned dividends, from all companies are going to be shelved or slashed, over the next 2 years or so. Free movement of people has diseased the West and companies must maintain a more prudent financial strategy in order to survive.
Hence your capital destruction on the high yielders. When all of the dividends have bee re set to reflect the times. When the weak have perished. Then it will be time to invest.
I think that's a year to two years away .

superiorshares
18/8/2020
20:51
hTTps://www.merchantstrust.co.uk/Portfolio-and-PerformanceNew commentary from Simon Gergel on the website
gateside
18/8/2020
20:37
I used the crash to get into the US market specifically S&P trackers which have way outperformed everything else.

Not all good news have lost on some other investments and have some P2P with money "locked in" so am still down on the year.

I kept MRCH do I regret this? Well hindsight is a great thing!

Will the FTSE and MRCH continue to under perform the US market? I think they probably will and even if the US crashes I think they will fall just as much if not more although the NAS could fall more.

However it depends what you are comparing with and looking at income I still think that in the longer term these look cheap here so if you are comparing with fixed term bonds which are basically paying nothing then you get a decent income here and I think you will see some capital growth.

So in summary I think for total return the S&P is a better bet but when looking for yield these do not look expensive.Also I would never buy an ATH on principle!

tim 3
18/8/2020
12:19
That's a rise of 200p needed from MRCH to catch up!
gateside
18/8/2020
11:34
Well the S&P is now more or less at pre crash levels wish this was!
tim 3
11/8/2020
13:00
allowed me a top up at 342p the other day
mister md
11/8/2020
11:43
Happy to see a bit of upside for a change particularly now it's back above £3.50 support.They sometimes drop under for a while to fool you lol
tim 3
11/8/2020
08:34
Old world economy stocks off the floor.

I wonder if mrch will perk up?

escapetohome
10/8/2020
16:53
I think its fair comment to draw attention to the relative performance.

Im not selling my holding but im not adding more.

escapetohome
10/8/2020
16:44
A first! MRCH was the highest riser in my portfolio today!
gateside
09/8/2020
20:22
I think it's vitally important to regularly review performance of individual holdings. I haven't said that my strategy is simply to move away from income just because we're in a period of unprecedented uncertainty. However, a mainstay of any investment portfolio has to be capital preservation. If holdings cannot hold onto my capital when things get tough then I see little point in holding them. MRCH share price has to deliver 61% growth from here just to get back to it's year end figure! I'm sick and tired of having to play catch up with my income paying holdings. I've plenty of other holdings that have more than proved their resilience during this period.
zac0_4
09/8/2020
18:46
True, but I'm not selling at present. I'm actually topping up here, along with with CTY and EDIN. I'm giving it a few years for a good recovery, then I will switch out.
chc15
09/8/2020
18:45
I'll be 50 in 5 years, so 60/40 suits me. I already have most of my sipp in this, and it's done fine, recovered totally from the crash, mainly as it has a lot in the US.
chc15
09/8/2020
18:32
You make some good points and of course because there is leverage here then falls and rises are exaggerated.Previous dips have proved excellent buying opportunities.I am more concerned with the trusts lack of exposure to tech though as it's such a critical area now and that's unlikely to change in the future.
tim 3
09/8/2020
18:18
For those that didn't have the patience to read to the end of the Daily Mail article linked to earlier:

'Clearly in times of market volatility and falls, investors who are tempted to sell for better opportunities elsewhere have to be careful not to lock in a loss that might be hard to recover from.

'If the fund has indicated that the cut to capital growth is temporary and they are still finding income opportunities, it might be better for investors to hold tight and ride out the bump in the road.'

bluemango
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