Merchants Share Discussion Threads

[speedsgh] 25/2/2015 15:04

Executive Interview with Simon Gergel, Chief Investment Officer of Merchants Trust...

[tel5] 07/11/2014 16:02

RC T Agree pey is one trust that looks likeley to deliver both a good income and capital growth over medium term , also have a look at sli also paying good income but at a slight premium to nav . hold mrch for ages through crashes etc but always have maintained good dividend , currently 5% also chmy good for dividend 5% PLUS . DYO

[rcturner2] 29/10/2014 08:35

Another to consider is pey which pays a good dividend has delivered capital growth and is on quite a wide discount. Good statement from them today.

[campervan1] 28/10/2014 22:04

Thanks for your advice everyone. I've picked up the IC and will be poring over it shortly.

[rcturner2] 28/10/2014 20:52

I agree with mozy, the IC coverage of investment trusts is very good. They also have a list of 100 trusts that they like (which also includes unit trusts). If you are looking for safe (!) yield then consider bond trusts. I use several listed bond investment trusts and all pay yields over 5% and have delivered good capital growth as well. Have a look at CMHY, HDIV and NCYF. After 2008 they were available at discounts although now most are at premiums which isn't so great.

[mozy123] 27/10/2014 19:36

Campervan - grab a copy of this weeks investors chronicle. Tonnes of investment trust stuff in it this week.

[campervan1] 27/10/2014 16:28

OK thanks, RC. I'm looking now to consolidate my portfolio (predominantly stocks) into reliable and safe dividend payers that I will be able to live off from next year over the long term. That's why I looked at this one with its impressive history. Just a bit disappointing that 1% goes straightaway. Can't have everything I guess.

[rcturner2] 27/10/2014 15:22

campervan, that level of charge is not that unusual and is usually lower than for a similar unit trust. Investment trusts have delivered very good returns for investors net of the charges. I own several different trusts and they have all done very well over the long term.

[campervan1] 27/10/2014 15:20

Never invested in an investment trust before. Can someone clarify for me please the charges for this. On their website it says annual management charge of .35% and ongoing charges of .66%. Is the total charge therefore 1.01%? Seems a bit high to me if that's the case.
Thanks.

[asmodeus] 21/10/2014 19:14

I hold them too, Q2U.

[q2u] 26/9/2014 12:59

I thought I was the only PI that held these! I used to look after the share certificates for this fund many years ago and have held them for nearly as long. Never once dropped the dividend though it was a bit close once or twice. It is not a bad way of trading the market as well, with the dividends to help you through the minor dips

[beaufort1] 25/9/2014 11:38

Actually that's a good thought - don't have MRCH in my ISA as yet (I do have Neil Woodford though).
B1

[wirralowl] 25/9/2014 11:15

Fellow LT holder here too. Have in an ISA as my alternative FTSE tracker, the large & growing dividend being the obvious additional attraction.

[beaufort1] 25/9/2014 11:11

Yep a nice dull share that cranks out a good solid divi.

[speedsgh] 25/9/2014 10:48

Nice core holding in the portfolio that just keeps churning out the steadily rising dividends, although it looks like the 24.00p that I had pencilled in for the current FY will not be met. Possibly 23.80p?

[beaufort1] 25/9/2014 10:45

Thanks Speeds - glad someone else is following this share!
B1

[speedsgh] 25/9/2014 09:32

Half Yearly Report -

"The board has declared a second quarterly dividend of 5.9p per ordinary share, payable on 11 November 2014 to shareholders on the register at close of business on 10 October 2014. The total distribution declared for the first half of 2014/15 is 11.8p net, maintaining the same payment compared to the first half-year dividends paid last year. As at 31 July 2014, the Trust's revenue reserve, after deducting the first and second interim dividends, represented 13.2p per share (2013 - 13.5p)."

[speedsgh] 10/12/2013 14:20

tel5 - cheers

[tel5] 10/12/2013 14:03

either city merchants high yield trust chmy paying dividend 4x a year 4.25% or

shires income shrs paying dividend 4 x a year yield currently 5.1%

[speedsgh] 10/12/2013 13:22

Can anyone recommend a peer to MRCH (investment trust) which offers an attractive yield?

[losos] 10/12/2013 12:15

The talking heads on various channels are predicting some volatility in Q1 and Q2 of 2014 - The inevitable reduction in QE will not be wonderful for equities so maybe now is the time to hold a fund like Merchants if they can continue to offer a good yield.

[tel5] 03/10/2013 10:03

still offers a good steady yield at just under 5% payable quarterly so a good share to have in isas offering a good income with good chance of capital growth over the medium term