Share Name Share Symbol Market Type Share ISIN Share Description
Merchants Trust 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
  -10.00p -1.99% 492.00p 492.00p 495.00p 500.00p 491.00p 500.00p 304,851 16:28:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 32.6 27.7 25.5 19.3 534.94

Merchants Trust Share Discussion Threads

Showing 126 to 149 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
13/4/2016
14:01
Nice rise today so far!
veryniceperson
07/4/2016
11:38
Looking at buys and sales. Looks like they are hoovering them up nicely. Maybe a large order coming.
veryniceperson
07/4/2016
09:19
405 bid and 409 ask. Must be short on shares?
veryniceperson
05/4/2016
17:16
EI, the yield on the underlying investments is boosted in 3 ways: the discount, gearing + the option writing.
rcturner2
05/4/2016
16:02
RCT, on the yield at the current share price I am working on the basis of approx 5.5% HSBA, BP and GSK are big holdings. GSK will imv cut under the new CEO in '16, BP increasingly looks like cutting and the recent share price action indicates the market beginning to factor that in. HSBA will be lucky to maintain, RDSB should be OK. So for me 5.5% worst ways unless we are facing a rerun of 08', when admittedly MRCH did not cut, good to factor in all possibilities though.
essentialinvestor
05/4/2016
14:24
It is one of my top 4 holdings already RCT.
essentialinvestor
05/4/2016
14:22
The yield is over 6%, don't be greedy.
rcturner2
05/4/2016
14:02
I'm hoping for 380's, may be wishful thinking, the UKX would need to be hit hard again for that price imv.
essentialinvestor
05/4/2016
12:22
You just might get your chance Ess. Still quoting 403 to buy.
veryniceperson
05/4/2016
11:32
Hopefully lower levels available as looking to add.
essentialinvestor
01/4/2016
17:02
Wow what a roller coaster of a day. Is Merchant always like this?
veryniceperson
01/4/2016
13:30
Very volatile today.
veryniceperson
01/4/2016
10:47
New to this company/trust so shall hang back and see how it goes but maybe tempted. Great Dividend.
veryniceperson
01/4/2016
10:44
Added 2000 at 3.969 this AM and a few BIST. Largely in cash currently so tbh hoping markets trend lower, will add a few more MRCH if available lower down.
essentialinvestor
01/4/2016
10:18
Brought into these yesterday. What a difference a day makes. Long term hold for me nice dividend and hopefully long term groth. Been a long time since I invested in a trust. I usually invest straght into blue chip.
veryniceperson
31/3/2016
16:57
All good points. Tempted to add a few LLOY, if they can pay over 4 pence a share next year and over 5 the following, you are locking in a fat yield. May be some weakness in the run up to June giving an opportunity. Woodford appears cautious on LLOY but he has changed his mind multiple times recently as per RR. CNA and RMG. Would not be surprised to see MRCH increasing their Lloyds holding, already in the top 10.
essentialinvestor
31/3/2016
16:50
The way I see it, you are able to buy into some top quality companies at a discount, get a solid dividend and they have the revenue reserve too. Even if any of the big holdings do cut their dividend, surely the trust can simply sell those holdings and replace them with better paying shares. If you look at the top 3 holdings in the trust, GSK, Shell and HSBC, they are all on low share prices at the moment.
rcturner2
31/3/2016
16:49
Dividend is only just covered (24p dividends vs 24.05p EPS), but given the marketing value of '34 years of growing dividends' I would expect the divi to be held or increased marginally over the next couple of years at least. The 10.6p-per-share revenue reserve gives some room for manoeuvre. For example if there were widespread FTSE dividend cuts and Merchants EPS fell by 10% in each of the next 2 years, the dividend could still be maintained. Special dividend from GSK next month will be welcome.
broadgreen
31/3/2016
16:47
shalder, astute point on the debt, will pass that one on to my Dad as he has asked me about MRCH, thanks.
essentialinvestor
31/3/2016
16:43
Unusually high discount as mentioned, plus a chunk of very expensive debt terminates in 2018 which if necessary could be refinanced at vastly lower rates. The forward divi may not be so vulnerable as some think.
shalder
31/3/2016
16:43
EI - the 6% is part of the effect of the discount to NAV, the actual yield on the assets is lower. This is part of the benefit of buying into an investment trusts. They are geared which also increases the yield and they write options which increases the income.
rcturner2
31/3/2016
16:30
I'm not sure 6% is sustainable, even allowing for the 30 plus year record, however they may be due the benefit of the doubt on that. pike, yes it's fair point - added a few this AM, may again if we get some weakness. Kicking myself for not buying some MYI last month, that was a great price near the lows.
essentialinvestor
31/3/2016
16:20
Top 10 Holdings (%) GlaxoSmithKline 7.3 Royal Dutch Shell "B" Shares 6.9 HSBC 5.8 UBM 5.3 BP 4.6 Lloyds Banking Group 3.8 BAE Systems 3.4 Inmarsat 3.0 Tate & Lyle 2.8 Centrica 2.5
rcturner2
31/3/2016
16:05
Although they didn't cut their dividend in 2008!
stupidboypike
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