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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mobius Investment Trust Plc | LSE:MMIT | London | Ordinary Share | GB00BFZ7R980 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.50 | 1.95% | 131.00 | 131.00 | 132.00 | 131.00 | 130.50 | 130.50 | 120,554 | 16:28:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 17.24M | 13.13M | 0.1137 | 11.52 | 151.2M |
Date | Subject | Author | Discuss |
---|---|---|---|
01/5/2020 08:16 | Thanks for posting, pvb. | tenapen | |
30/4/2020 21:55 | 2020 First Quarter, Manager's Commentary: | pvb | |
26/2/2020 19:45 | Am thinking China is dragging this down - any thoughts? | swiss paul | |
07/2/2020 07:04 | 0.3p, indeed! But I do really like MMIT. NAV holding up even with Coronavirus. | spectoacc | |
07/2/2020 04:23 | Finals/Annual Report out. No surprises, tiny div announced, sunny uplands on the horizon... | rambutan2 | |
31/1/2020 14:56 | Just a few MM's taking advantage of remainer tears...no more | mr.elbee | |
31/1/2020 14:39 | 98p NAV, fair drop. May stop watching each tick :) | spectoacc | |
28/1/2020 15:23 | Brilliant, just flicking through the MMIT KIID, not so much through choice but because broker mailed me a hard copy, ridiculously. Both because KIIDS are sh*te & it's anyway a waste of a stamp. So... £10k invested over 5 years, the recommended holding period. What does the KIID say I might get back after costs? Stress scenario: £6,036. Unfavourable scenario: £4,961 (what, less than "stress"?) Moderate scenario: £6,036 (moderate barely better than "stress"!) Favourable scenario, sort of a best-case: £8,918! And yet scores 3 out of 7 in the "risk" class. Vote Leave. | spectoacc | |
28/1/2020 14:28 | NAV back off over 2p in the market falls, only fair to mention :) | spectoacc | |
27/1/2020 14:50 | 102.4p. Obviously, with big China weighting, going to be some issues around current Corona shenanigans. But that NAV from Friday & held remarkable well. | spectoacc | |
23/1/2020 14:44 | NAV fine, share price turning back, with some large ATs and more looking to be bought. | spectoacc | |
22/1/2020 15:27 | Thanks for posting, been meaning to get round to it. A very good read, albeit always a bit wary of anything from Mobius, the master story teller! "Looking ahead, our conviction in the existing portfolio remains high and we are already seeing further value unlocked via our engagement with company management teams. " Interesting how long they've been taking to get fully invested - and still not there yet. A good sign of a lot of thought going into it. NAV dropped back to 102p yesterday on mkt falls, now trading about at the 5% discount. | spectoacc | |
22/1/2020 15:11 | The year concludes with an upbeat tone: | rambutan2 | |
22/1/2020 06:59 | Whereas I bought more at nearly 97p from 86p initial purchase, but would have held off if knew about Telegraph. But whether tipped or not, the great interest is in the NAV rise. | spectoacc | |
21/1/2020 19:48 | Was reviewed in the Telegraph Money section at the weekend, which also might explain its recent popularity. I held off buying at 88p, put off by the spread... bah. | spangle93 | |
21/1/2020 17:10 | Yes, since shares purchased less than a month ago, am up 13% thanks to nav rising and discount closing. Will hang on for the time being. | rambutan2 | |
21/1/2020 15:44 | 103.85p, can't believe how fast the NAV has risen recently. Weaker market today so perhaps lower tomorrow, and have to be prepared for it to fall in the same way it's risen (gangbusters style), but very happy indeed with it so far. Chased a few more today, bolstered by half a percent of the co being sat on the bid the past few days. Good luck getting that filled, whilst it's trading at a discount. | spectoacc | |
15/1/2020 19:39 | Well, the chairman will have to spell it out in the upcoming annual report. And such a quick defeat won't taste good. However, that 2022 redemption date can't be changed and offers plenty of incentive to improve matters on both the nav and the discount front. | rambutan2 | |
15/1/2020 16:18 | Forget where I read that they were no longer targetting controlling the discount (due to concerns about fund size getting too small) - anyone confirm? Was recently (obviously!). | spectoacc | |
15/1/2020 16:16 | I hope the target return is annual! | toffeeman | |
15/1/2020 15:40 | Some good reading there, thanks. Times have changed. | spectoacc | |
15/1/2020 15:32 | A few snippets for (my) info: 1) The Investment Manager is entitled to receive from the Company a monthly management fee in arrears. The Investment Management Fee shall be calculated as at the relevant month end based on the lower of: (i) Net Asset Value; and (ii) Market Capitalisation at the relevant time (the “Fund Value”). The monthly Investment Management Fee shall be equal to 1/12th of the aggregate of: (i) 1.00 per cent. of Fund Value up to and including £500 million; (ii) 0.85 per cent. of Fund Value over £500 million and up to and including £1 billion; and (iii) 0.75 per cent. of Fund Value over £1 billion. There are no performance fees payable to the Investment Manager. 2) The Company has a Redemption Facility through which Shareholders will be entitled to request the redemption of all or part of their holding of Ordinary Shares on a periodic basis. The first Redemption Point for the Ordinary Shares will be 30 November 2022 and each subsequent Redemption Point shall fall on 30 November every third year thereafter. The Directors have absolute discretion to operate the periodic redemption facility on any given Redemption Point and to accept or decline in whole or part any Redemption Request. The Directors will consider repurchasing Ordinary Shares in the market if they believe it to be in Shareholders’ interests as a whole and as a means of correcting any imbalance between supply of and demand for the Ordinary Shares. In particular, the Directors will consider repurchasing Ordinary Shares when the average one-month discount at which the Ordinary Shares have traded exceeds 5 per cent. of the Net Asset Value per Ordinary Share. The Directors may, at their discretion, also consider repurchasing Ordinary Shares at a smaller discount to Net Asset Value per Ordinary Share, provided that such purchase would be accretive to Net Asset Value per Ordinary Share for continuing Shareholders. The consent of the holders of Ordinary Shares or the holders of C Shares, respectively, will be required for the variation of any rights attached to the relevant class of shares. 3) The Company is targeting a total return of between 12 and 15 per cent. per annum over the long term. The Company expects dividends to become a meaningful component of the total return as its strategy develops. The declaration, payment and amount of any distribution by the Company will be subject to the discretion of the Directors and will depend upon, amongst other things, the Company successfully pursuing its investment policy. The Company intends to pay distributions on an annual basis with distributions typically approved at the Company’s annual general meeting. It intends to declare its first distribution in respect of the accounting period ending 30 November 2019 to be paid in the first half of 2020. | rambutan2 | |
15/1/2020 15:07 | sorry double post | toffeeman | |
15/1/2020 15:07 | Most of the big holdings are tradeable stocks which are doing well except for Grupo Lala which looks like it's in the doo doo. | toffeeman |
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