Merchants Share Discussion Threads

[11_percent] 15/6/2016 22:24

Use to be in SHRS, after 2008.

They have a large exposure to finance/banking shares/bonds, and got hammered in 2008.

This is why I have avoided them.

Their second tire shares are the same as MRCH, Shell, GKS, etc.

[essentialinvestor] 15/6/2016 17:19

Nabbed a small amount at 3.896.
Looked at SHRS today and may be tempted.
Would be surprised if this market weakness is over,
unless opinion polls start to turn for Remain.

[tel5] 15/6/2016 17:14

hold both mrch and shrs , the dividend is paid quarterly both about 6% at the current prices , so even if vote is for out and market drops another 5% the dividend will compensate at least in short term

[essentialinvestor] 15/6/2016 11:32

I have 374.5 at the 12 month low, the buying price may have been higher
and that price may have been available for a very short time only.

[essentialinvestor] 15/6/2016 10:48

SHRS also have small cap exposure from memory, need to check their factsheet.

[rcturner2] 15/6/2016 10:37

People want balance. I am in both trusts.

Shires does not have the same asset profile as Merchants.

[deadly] 15/6/2016 10:35

Can't see the attraction here over say Shires trust which has a 13% discount and 6.3% yield, and is largely in UK equities.

[wirralowl] 15/6/2016 10:14

Yeah, sticking for now with what I've got. I'll make another purchase after the referendum, if we get a big lurch lower...

[essentialinvestor] 15/6/2016 09:57

Yup just go the same price, will now wait to see if under 3.90
becomes available.

Not sure this market bounce will last that long but who knows.

[wirralowl] 15/6/2016 09:53

Added a few this morning. With the market up strongly, was pleased to see MRCH lagging, and able to pick up at 391.62.

[essentialinvestor] 14/6/2016 16:45

My lowest was 3.9006, so call it 3.90.

[veryniceperson] 14/6/2016 16:39

Can now buy at 391 brought at 401.5 Friday, never mind take it on the chin vnp

[essentialinvestor] 14/6/2016 09:55

You also have gearing with MRCH, so the NAV updates may be ugly imv,
if these market levels hold.

[biglosses] 14/6/2016 09:51

Could go a lot lower if the vote is to leave next Thursday.

[essentialinvestor] 14/6/2016 09:23

Again surprised we are not lower here, a few at 394.4.

[veryniceperson] 13/6/2016 22:20

Nice one ess

[essentialinvestor] 13/6/2016 17:21

Had a small amount at 398 and 97.

[veryniceperson] 13/6/2016 17:15

Brought a few more on Friday at 401.5 not to bad happy

[essentialinvestor] 13/6/2016 13:45

Surprised the offer is still around £4.

[wirralowl] 10/6/2016 12:32

I know I'm greedy! ;-)

Will probably top up twice, once just before the vote if we get more wobbles (low 390's would be nice!), and then again after the vote, though the timing here will be dependent on the outcome...

[essentialinvestor] 10/6/2016 12:22

That would be lovely ) - it will take a lot to get this sub 3.90 again,
so mid to low 390's looks a decent price, unless we tank.

[wirralowl] 10/6/2016 12:16

A core holding for me too, but hoping to add a little lower. Think more ftse falls may be on the cards as we head towards the vote, and would be delighted to pick more up around the February lows again..

[essentialinvestor] 10/6/2016 12:04

Added under £4, had sold a few at 4.12 this week, got a little lucky admittedly,
but this is a core holding for me.

[rcturner2] 07/6/2016 07:57

As I have said before, this trust offers a simple way of getting income without a huge risk. The main holdings of the trust are not expensive shares and the discount gives further protection.