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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
  -0.50 -0.14% 358.50 356.00 357.00 362.00 355.00 356.00 157,558 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 36.2 32.7 29.7 12.1 424

Merchants Share Discussion Threads

Showing 851 to 874 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
16/9/2020
17:53
Mrch has issued several millions of shares in apr ,may and June to what end I don’t know, but there has been two divis in that time however.
nerja
16/9/2020
16:01
Nice one you are much better at timing than me am in from £4 unfortunately!!Fortunately bought some VUSA (S&P tracker) not long after the crash which was much better timing!
tim 3
16/9/2020
15:45
Hi Tim, bought a very small amount today,however prefer IVI and EDIN.
essentialinvestor
16/9/2020
15:43
Agree on both points issuing shares to pay the dividend would be pointless.Morals aside I really can't see tobaccos outperforming in the future although in a market like this reliable dividend payers are in short supply.
tim 3
16/9/2020
14:15
You can buy EDIN on an approx 13% discount atm. MRCH would not issue shsres to pay a dividend. Would also question the sustainability of some of Merchants holdings, for example BATS and IMB. You also need to look at total return and not just yield.
essentialinvestor
16/9/2020
09:19
Edin has been buying it own shares to the extent it has 22 million of them in treasury, so would appear to have plenty of cover in them for the divi. Mrch has the option to issue up to 16.5 million shares at any time under its block listing policy, which again could be used to cover the divi if they wished.
nerja
16/9/2020
08:34
Re 864, the top ten all appear to be fairly safe divi payers, St.JP I don't know but I guess they shouldn't be adversely affected by covid, and they comprise 40% of the portfolio. Likewise, EDIN have some 37% of divi payers in their top ten, except for RDS. When I last checked, MRCH Revenue Reserves covered the divi by 1.1x, while EDIN covered the divi over 1.5x. Just have to await their Interims, but I'm factoring in cuts. Still, I can't complain.
poikka
16/9/2020
08:27
Its trading at 2.6 discount to NAV which has increased recently.
tim 3
15/9/2020
21:07
It you look at their larger holdings, many are still paying a dividend. Utilities, Tobacco, BA., GSK, BHP so the dividend at MRCH might be safer than we think.
gateside
15/9/2020
20:49
Very good point Polkka. The problem is I suspect one of MRCH main selling points is its dividend record and they may do everything to keep it even when its probably best to drop it for a year or so.
tim 3
15/9/2020
20:47
Slightly O/T but relevant to previous post 861... I reckon there is more than 50/50 chance that EDIN's dividend will be cut in the not-too-distant future. This was from the new Investment Manager's commentary in EDIN's final results in June... "Thus the medium term outlook for dividends remains uncertain. Much will turn on the rate at which economies recover. While we expect the companies in the portfolio to emerge from this crisis stronger, it is unclear at what rate their dividends will grow. We do not underestimate the economic damage of the COVID-19 recession, which sadly is likely to be far ranging and severe. In such an environment, even the strongest of companies will, sensibly, seek to preserve cash even if that means reducing or cancelling dividends. Your Company’s dividend income will also be under pressure compared with historic norms. While we have some short-term flexibility to support dividends through use of its distributable reserves, we will be working with the Board in the months ahead to help the Board decide what might be a sustainable level payout for shareholders. We expect to be able to say more about this by the time of the Interim results in November."
speedsgh
15/9/2020
20:31
Going to be touch and go for a number of ITs for revenue to rise enough to enable pay-outs to be held. Some have already said that they might dig into Capital Reserves. EDIN, WTAN, BUT and BNKRS got better cover. Might be a good idea to stick a few bob into companies that have ditched their divis and seen their SPs drop dramatically. Ok, you miss a year or so's divis, but assuming that they recover, which not having to pay a divi should help, you could be in for a very tidy yield - eventually. ITV & BT SPs are already recovering, but are still at giveaway prices. BAB, too, but that feels a bit dodgy just now, IMO.
poikka
15/9/2020
19:57
Dividend Crisis: Peel Hunt spies ray of sunshine for Edinburgh and Merchants - HTTPS://citywire.co.uk/investment-trust-insider/news/dividend-crisis-peel-hunt-spies-ray-of-sunshine-for-edinburgh-and-merchants/a1400811
speedsgh
15/9/2020
16:40
It's top 10 shares are doing well, but MRCH just refuses to go up.
gateside
15/9/2020
10:34
Just can't seem to pull away from £3.50 can it maybe waiting for the results.
tim 3
14/9/2020
19:44
Q2 results were on 17th September last year, so are we expecting results this week?Just says September on their website, which is a bit vague.
gateside
09/9/2020
15:36
BATS and IMB both looking stronger too.
gateside
09/9/2020
14:25
Glaxo finally starting to show some decent gains last few sessions
mister md
09/9/2020
11:01
For info the attached link takes you to latest fund manager's comments dated 14th August (towards bottom of page)hxxps://www.merchantstrust.co.uk/Portfolio-and-Performance
zac0_4
09/9/2020
10:23
Also good to look at the top 10 which account for 40% of holdings and then its not so bad. GlaxoSmithKline Plc 32,769,664 5.91 British American Tobacco Plc 25,320,000 4.57 Imperial Brands Plc 24,934,700 4.50 BAE Systems Plc 24,914,498 4.49 IG Group Holdings Plc 20,732,286 3.74 SSE Plc 19,829,250 3.58 BHP Group Plc 19,553,604 3.53 Tate & Lyle Plc 18,749,500 3.38 National Grid Plc 18,335,250 3.31 Barclays Plc 18,101,880 3.26
wskill
09/9/2020
09:31
The attached link provides some indication as to the task the trust manager currently faces. hxxps://www.dividenddata.co.uk/dividend-cuts.py?market=alldividends
zac0_4
09/9/2020
09:00
Yes defiantly seeing a decoupling with the US at present although FTSE and MRCH have been abysmal all summer.
tim 3
09/9/2020
08:42
Some normality returning to the markets. Also positive that the FTSE held up well during the pull-back in the over-heated US markets. With FTSE at approx 6000 again we should see a nice improvement in MRCH NAV reported.
mister md
21/8/2020
22:46
I don't hold any funds, just shares and investment trusts, plus a little gold and silver.I was drawn here by the fact that I sold my bank shares when they were made to cancel their dividends, but wanted some exposure to the sector. Plus I hold very few shares in the FTSE250. So I saw MRCH as a way of adding some diversification with a very attractive dividend. I've been drawn to Investment Trusts for the quarterly dividends and to diversify my portfolio with the aim of making it lower risk.
gateside
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
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