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 Shares Traded Last Trade
  1.00 0.18% 557.00 129,497 16:35:11
Bid Price Offer Price High Price Low Price Open Price
551.00 555.00 557.00 552.00 553.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 24.91 21.92 18.51 30.1 694
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:11 UT 1 557.00 GBX

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Date Time Title Posts
07/12/202107:46MERCHANTS IT yld 6%1,778
02/12/202111:24INVESTMENT TRUSTS as an Annuity468

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Merchants Daily Update: Merchants Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MRCH. The last closing price for Merchants was 556p.
Merchants Trust Plc has a 4 week average price of 529p and a 12 week average price of 512p.
The 1 year high share price is 578p while the 1 year low share price is currently 416.50p.
There are currently 124,529,887 shares in issue and the average daily traded volume is 154,659 shares. The market capitalisation of Merchants Trust Plc is £693,631,470.59.
ctrader3: a yield of 7%, re-invested at 7% doubles your cash every 10 years, the capital element is unknown. if u buy at 7% and the share price rises the yield will fall, so u could take the capital gain and re-invest in another high yielder. or u could sit it out and as long as the dividend doesn't fall the buying yield of 7% should gently increase over the years. MRCH would need to fall to around 385p to yield 7%.
superiorshares: zac0_4 Just did a spread bet a couple of weeks back. I am still sticking with my £3 pound ish target by 2024. However I wont be waiting for that . A profit is not a profit unless it`s in the Bank / and all that. Futures are pointing to a re bound this morning. In the short term all you need to do is look at the Countries restricting Travel. Me being Thick !.. Am I correct with this . MRCH issues shares to pay their un-covered dividend are these new shares then entitled to the uncovered dividend ?
ctrader3: if u bought 5k of MRCH a year ago your 5k would be worth £8,200 including dividends, all figures rounded up or down for ease of explanation. MRCH yielded 7.5% then but now yields 5% so your shares would earn £5,137 (compounded) in dividends over the next ten years. It's very likely the dividends will gradually increase but that's an unknown. IF u took your 8.2k and invested in another high yielder, yielding 8%, in ten years time your shares would earn £9,512 (compounded) in dividends. U may be able to, during the ten year period, to trade up again but that's also an unknown. Of course the dividend stream would need to be as secure as possible and repeatable.
mister md: yes, sour grapes after missing out on the mega-rally. Investing in 'troubled times' often generates the best returns - he can wait until everything looks rosy again and then question why shareprices start to retreat ? Like the people who say houseprices are too high and wait, and then a couple of years later are completely priced out of the market No one can predict exactly where the MRCH shareprice will go - could stay flattish from here for a while with 5% annual payout intact - fine by me ...
ctrader3: Terry Smith's Fundsmith Equity turned £10,000 into £58,380 in 10 years. Should you buy it ? Harvey Jones Fundsmith Equity Fund turned an investment of £10,000 into £58,380 in the last 10 years, with a total return of more than 483 percent in that time. Even the pandemic could not lock down Terry Smith, but can he continue to lead the field for the next 10 years? Middle England investors have poured their money into Fundsmith Equity, which now holds an incredible £27 billion. Terry Smith is the nation's most popular fund manager, taking over the mantle from the now disgraced Neil Woodford, whose success at Invesco Perpetual went to his head, and came unstuck after setting up his own company. Fundsmith Equity's consistent performance is particularly impressive because Terry Smith has generated high returns from investing in a small portfolio of large companies, rather than riskier corners of the market. Fundsmith's top holdings include US giants including Microsoft, PayPal and Facebook, alongside beauty companies L'Oreal and Estée Lauder. You can invest free of tax using your annual £20,000 Stocks and Shares Isa allowance. Despite Terry Smith's success, analysts have been warning that his luck might run out, which would be a blow for investors who have banked their retirement on his stock picking skills. How scared should they be? Terry Smith has lashed out at his critics, written a surprise letter to shareholders defending Fundsmith against headlines predicting its downfall. He wrote: "If you have been reading what investment commentators have been saying during this period you might be rather surprised that our fund has fared so well." Few will be heeding his critics after Fundsmith shrugged off the pandemic to return an impressive 26.98 percent in the past 12 months. Terry Smith said this outperformance "tells its own story", and few will dispute that. Laith Khalaf, head of investment analysis at online platform AJ Bell, said the letter was "curious" given Terry Smith's "exceptional performance track record". Khalaf said Terry Smith is one of the most notable success stories of the last decade and has helped to promote investing in funds to a wider public. He said the rush to buy Fundsmith is likely to continue, but as always, investors should not put all their eggs in one basket. "It is always safer to spread your risk by putting money into a range of investment funds." Khalaf said investors should keep some emergency money in cash or a rainy day, but put their longer-term retirement savings into a Stocks and Shares Isa which should generate superior returns over time. Emma Wall, head of investment analysis at Hargreaves Lansdown, said Terry Smith has built Fundsmith Equity's reputation by investing in high quality big-name stocks which dominate their industries with strong competitive advantages. "Investing in established industry leaders means it is difficult for start-ups to eat into their revenues and profit," she said. Emma Wall said Fundsmith is heavily weighted to a small number of companies and sectors, including consumer goods, computer services and medical equipment. Almost three quarters of the fund is invested in the US, which means it could struggle if US share prices fall. Many investors will be heavily invested in the US after its storming success over the last 10 years, and should spread their money around. "Look to hold differentiated funds alongside Fundsmith Equity, which add diversification," Wall said. Few investment managers can stay top of the tree forever, she cautioned. "As with all funds, Terry Smith's vehicle also be sensitive to market downturns, or economic shocks." She said Fundsmith weathered last year's Covid slump well and loyal investors have been well rewarded. "Terry Smith and Fundsmith Equity could continue to deliver, as part of a well-diversified global portfolio."
ctrader3: I am maxed out with HFEL, I am printing a capital loss but in profit counting dividends, I think they call that TR but not TR as u know it. No intention of selling as they said last year's dividend was fully covered. One small gripe, which seems to be holding back the share price is the amount of new shares they issue on a regular basis. I actually replaced MRCH with RECI who currently yield 9% on my buying price. At the higher risk end of the market, hence the yield, but as the loans are backed by real assets (property) a risk I am willing to take. Dividend is static but looks reasonably secure currently yielding 7.8% trading around their NAV.
superiorshares: Zaco With regard to Shell and BP for that matter , it's not about giving it time for me , but timing . Your Shell holding is showing you a 5 per cent gain. Those that bought shortly before the dividend cut have lost . If their was no share price gain over the next few years . They will not make a profit from reinvesting the new dividend for years . If you get your timing wrong in your latter years .. you loose because your dead before it recovers . Shell for example if you invest on Monday morning . You may do very well ?. In that you are investing at a time when they are starting to increase the dividend , albeit from a lower base . However if you invest on Monday and the share price corrects , you could do very badly ! If you have 60 years to wait ?.. It is still not nailed on you will make any money There is an endless list of companies that were so big , so successful !.. they couldn't possibly go bust and then they did . It's all about timing and taking your profits when it most suits you .and rapidly cutting losses of course ( made that mistake on more the one occasion ) So timing ... Ctrader3 can we have a chart of MRCH today please . We could all give our opinions and then plot the outcomes as the chart progressed. That would be far more interesting than picking points from a past chart and saying " If you had invested £1000 in ... It would now be worth .... Regards Investors
ctrader3: Dividends can be more reliable than share prices as they're driven by the companies performance itself and not by the whim of investors. As part of a total return / reinvestment strategy, this income could be reinvested into income assets or back into the equity market depending on the relative valuations. By re-investing dividends in a falling market can even be a positive as u get more shares for your money. ------------ build up a portfolio of shares paying reliable dividends. 7% is a good benchmark. luckily for MRCH shareholders their shares no longer qualify. as the price rises the yield falls, I'm sure one day they'll qualify again. use your dividends to buy more shares either TR Index Trackers Dividend paying shares like Bonds, Renewables if the premium is reasonable. Trusts that own shares in other companies like HFEL Then one day if Spare is right, even a broken clock is right two times a day, re- invest your dividends and say thankyou to Mr. Market.
superiorshares: MRCH share price is doing exceptional that's undeniable . That gergal chap seems to trade the volatility very well. The profits he is making on these trades will finance the dividend shortfall that's for sure . It's when the volatility stops the need to get the dividend of the companies will arise . Regards Investors
zac0_4: pj fozzie - here you go - Investment trust shares are often hit disproportionately hard in market sell-offs but, equally, they can do particularly well when markets are on the up – as happened in November. When vaccine news propelled the FTSE 100 index to its greatest monthly gain in 30 years many investment trusts made even greater share price gains. These included UK equity income fund Merchants Trust (MRCH), whose share total return of 24.3 per cent for the month to 30 November put it well ahead of both the FTSE All-Share and FTSE 100 indices. However, 2020 has not been plain sailing for this trust. Its value bias – among other factors – mean that it has faltered more generally, and made a share price total return loss of nearly 13 per cent over the 12 months to the end of November. Despite this, its investment team has stuck to its target of generating a high and rising income with a good total return. Simon Gergel, the trust’s manager, notes that a focus on good yields in the medium term has added some portfolio continuity, meaning no fire sale of holdings that suspended or cut their dividends. “We look at companies with good yields in line with the market in the next 18 months – not just today,” he explains. “The reason for that, almost exemplified by this crisis, is companies can cut dividends. We’re not forced to sell just because [a company] has cut its dividend.” The trust will receive a “significantly lower” income from its holdings this year due to dividend cuts, according to its board. But the board has also vowed to use its revenue reserves to cover any shortfalls. Merchants was recently trading on a 6.5 per cent yield. Mr Gergel, like many investors, also expects a return to dividend payments in selected sectors and has not deviated from the portfolio’s slight value bias. But a challenging 2020 has inevitably forced some changes. 2020 changes The trust's asset allocation has changed this year, with Mr Gergel making it more defensive while also trying to capitalise on “anomaliesR21; and mispricings in the market. This has involved taking money out of some cyclical names, for example, the coronavirus outbreak prompted Mr Gergel and his team to call time on positions in Prudential (PRU) and Sirius Real Estate (SRE). They also remain wary about companies with uncertain business models in post-pandemic life. “We held Informa (INF), which runs trade shows and exhibitions,” he says. “[But] there’s a question mark, long term, about whether people will still go to trade shows. Companies might send people to a trade show but they won’t send 10 – they might send five. Where we have companies with a question mark, unless we’re confident they’re very cheap, we’ve been looking to get out. So we sold Informa.” This caution extends elsewhere. In a year when share price tumbles have meant that some weak companies trade on high dividend yields, Mr Gergel notes that much of his team’s time has been spent “trying to avoid value traps”. They never buy holdings purely for income, but instead seek solid businesses that look under priced. Doing this has led them back to a variety of high-profile UK names this year, and they have a preference for businesses that look resilient and defensive. They added Next (NXT) amid the retail slowdown earlier this year, with a view that online sales have become “a dominant part of the profits”. And Mr Gergel believes that Next will pay dividends in the future. He also bought Vodafone (VOD) and BT (BT.A), stocks he had not held for around half a decade and previously viewed as value traps. Mr Gergel argues that sector consolidation, politicians now acknowledging the importance of fibre optic cables and broadband, and the possibility of lighter regulation have changed this sector's outlook. “Having been under huge pressure from competition and regulation, the sector might have more benign regulation and competition, and looks cheaper,” he explains. “They have defined earning streams – customers stay with them unless they leave. It’s not like a retailer where you have zero sales unless someone comes to your store or website.” Mr Gergel and his team have also topped up a position in Imperial Brands (IMB). They believe that prices in the tobacco sector have grown more attractive in the past 18 months. They also added to National Grid (NG.) and SSE (SSE) in the belief these are “resilient businesses and monopolies”, even if some regulatory pressures remain. They have favoured housebuilders but grown cautious on debt heavy businesses, prompting a move out of Vistry (VTY) and into Bellway (BWY). And they hold DFS Furniture (DFS) – a pandemic-oriented play. “We like things associated with house building,” he says. “People have sat on their sofas a lot and might realise they’re not that comfortable any more. We want businesses that are defendable against the internet: it’s hard to sell sofas on the internet [as] people want to touch them, but also you need people to deliver them.”
Merchants share price data is direct from the London Stock Exchange
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