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 0.19% 528.00 173,569 16:35:07
Bid Price Offer Price High Price Low Price Open Price
529.00 531.00 535.00 530.00 534.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 24.91 21.92 18.51 28.5 658
Last Trade Time Trade Type Trade Size Trade Price Currency
16:48:12 O 557 530.799 GBX

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Date Time Title Posts
14/6/202109:15INVESTMENT TRUSTS as an Annuity334
13/6/202107:54MERCHANTS IT yld 6%1,634

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Merchants (MRCH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-14 15:48:12530.805572,956.55O
2021-06-14 15:38:04528.006,28533,184.80O
2021-06-14 15:35:07528.0088464.64UT
2021-06-14 14:40:37530.748004,245.94O
2021-06-14 14:40:20530.051,0945,798.77O
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Merchants (MRCH) Top Chat Posts

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 527p.
Merchants Trust Plc has a 4 week average price of 504p and a 12 week average price of 491.50p.
The 1 year high share price is 537p while the 1 year low share price is currently 330p.
There are currently 124,622,887 shares in issue and the average daily traded volume is 146,645 shares. The market capitalisation of Merchants Trust Plc is £658,008,843.36.
ctrader3: Zac, I have posted my thread portfolio to my MRCH thread header for clarification. A couple of provisos. It's not my actual portfolio as the more observant will notice it no longer holds owns MRCH. I own some of the shares in my actual portfolio and several shares not included. It's a high risk strategy to own only one of the highest yielders.
superiorshares: Ctrader3 All the bright ones are insane !.. That's me love xx Now then your doing me a chart of Apple are you not ? We are going to predict and plot forwards . See who the real intelligent people are in here . Too. To . Two :-). I am predicting you will loose money on it over the next three years . I believe I am already in profit by about 8 per cent . Or we can stick to MRCH and do a chart going forwards . You know my prediction . A dividend cut and a share price of around £3 over the next 2/3 years . What you scared of ctrader3 ?. You and Mister MD are the intelligent ones ??????????. :-) Get the chart up . Let's do this . Regards Investors
ctrader3: Ediston Property Investment Company plc Announcement of Interim Dividend and 25% increase in Dividend from May 2021 Declaration of Interim Dividend The Company declares its interim dividend (property income distribution) payment in respect of the period from 1 to 31 March 2021 of 0.3333 pence per share. This monthly dividend of 0.3333 pence per share equates to an annualised dividend level of 4.00 pence per share and is unchanged from the previous dividend declared on 4 March. At the date of this announcement, rent collection is in line with previous forecasts. If the tenants who pay their rent monthly continue to do so, it is projected that the Company will collect 94% of the rent due for the first quarter of 2021. On this basis, the current dividend level would be 126% covered by rent collected (less expenses) for quarter one. Dividend rate increase of 25% from May 2021 The Company will increase its dividend by 25%, to 5.00 pence per share annualised, from 4.00 pence annualised. The first payment at the increased rate will be made in May 2021, for the month of April. The Board believes that the new dividend level will be well-covered and sustainable, based on net income projections, subject to there being no dramatic deterioration in the trading conditions, as was the case a year ago. The 25% dividend increase takes into account the improving outlook for income and rent collection and is not to the detriment of the Company's current projected investment and asset management activities. Should the improving outlook continue, there could be further dividend progression in due course. The projected annualised yield based on the closing share price of 69.20 pence as at 7 April 2021 would be 7.2%. The Company will publish its 31 March 2021 net asset value later this month and will provide a full trading update at that time. End
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
superiorshares: Gateside I am an old duffer 55. Have dabbled in the stock market for a long time , I am totally bored with it now . Hence the trust thoughts . I can step aside . Opinion for you , don't look back at past prices and say should have bought then :-) . It's a grave mistake !. Look at MRCH now , it's share price and it's yield. Then do your own analysis , from here will it increase its dividend, will the discount/ premium narrow or widen etc etc . That will give you your future entry point . If you look at Genus shares . I wish I had bought them at 67p . I did actually , I sold them long before where they are today and still made some good money !. If I still owned them today , oh I would be loaded :-). Looking at past and present prices will just make you Wappy ! :-). Look at present go forward . Ok HFEL , I will start my research tommorow Regards and good luck
superiorshares: I used to watch Bob the builder . C trader could you do me a chart please . Hypothetically I put 20,000 in at £5.50 I believe in 5 years time the share price will be around 3 pound . I think the dividend will also be cut ? If the dividend is increased as it has done for those decades . I think the share price will fall to around £1.75. Also could people who are far brighter than me tell me please if MRCH has issued any shares since March 2019 . Thanks
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.”
ctrader3: if u bought 10k of MRCH yielding 8%, it's easier to switch to a cash equivalent so £800 pa. if u assume the dividend is unchanged over 10 years but the share price doubles, u will still earn £800 pa but it will only now yield 4% (still 8% on buying price) if the share price doesn't rise keep re-investing in MRCH for as long as they don't change their dividend policy, your dividend take after 10 years would be £1,440, more if the share price fell as the yield would rise. if u sold your MRCH shares say roughly 20k plus dividends earned of 8k and re-invested in a share say a Renewable yielding 6% your dividend would rise to £1,680 pa
Merchants share price data is direct from the London Stock Exchange
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