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MNKS Monks Investment Trust Plc

1,278.00
6.00 (0.47%)
Last Updated: 11:53:16
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Monks Investment Trust Plc LSE:MNKS London Ordinary Share GB0030517261 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  6.00 0.47% 1,278.00 109,143 11:53:16
Bid Price Offer Price High Price Low Price Open Price
1,276.00 1,280.00 1,288.00 1,272.00 1,286.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 420.74M 398.35M 1.9636 6.53 2.58B
Last Trade Time Trade Type Trade Size Trade Price Currency
12:14:58 O 1,867 1,277.9974 GBX

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Date Time Title Posts
25/11/202410:01Monks Investment Trust85

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Monks Investment (MNKS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:14:591,278.001,86723,860.21O
12:10:441,278.021,02413,086.96O
12:08:231,278.052,05326,238.32O
12:08:031,278.0580210,249.94O
12:07:201,278.761541,969.29O

Monks Investment (MNKS) Top Chat Posts

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Posted at 12/12/2024 08:20 by Monks Investment Daily Update
Monks Investment Trust Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker MNKS. The last closing price for Monks Investment was 1,272p.
Monks Investment currently has 202,865,666 shares in issue. The market capitalisation of Monks Investment is £2,600,737,838.
Monks Investment has a price to earnings ratio (PE ratio) of 6.53.
This morning MNKS shares opened at 1,286p
Posted at 25/10/2022 16:23 by peterbill
Subject to shareholder approval and based on the current timetable, FTSE Russell anticipates the following treatment:

Tuesday 08 November 2022:

Expected announcement of the election results and terms.

FTSE Russell expects to announce confirmed index changes, subject to the timely announcement of the election results and terms.

Please note: Independent Investment Trust is expected to suspend prior to index implementation. In the absence of an active market, the close price will be updated to reflect the default option of stock terms in Monks Investment Trust until it is removed.

Friday 11 November 2022 (at the earliest, assuming two days' notice subsequent to disclosure of election results and stock terms):

Independent Investment Trust will be deleted from FTSE Russell Indices.

Monks Investment Trust will remain within its existing indices with shares increased in accordance with the election results and stock terms.

FTSE Russell will issue further notices confirming index treatment in due course.
Posted at 30/6/2022 14:02 by peterbill
from the annual report ...


Against a backdrop of rising uncertainty, the past 12 months have been disappointing in share price terms for Monks. In the main, the companies in the portfolio continue to perform well operationally and are financially robust. The Managers believe the portfolio holdings are well placed to navigate a period of rising inflation and remain resolutely reward seeking in their approach.

Portfolio turnover for the 12 months was 11% and the Company's invested gearing stood at 7.3% at the financial year end.

A single final dividend of 2.35p is being recommended, compared to 2.0p last year.

Over the period, 8,808,550 shares were bought back at a discount to NAV, being 3.7% of the Company's share capital, at a cost of £98 million. The share price ended the year at a 4.4% discount to NAV*.

Ongoing charges for the year to 30 April 2022 were 0.40%, down from 0.43% in the prior year.

Since the change in approach in March 2015 the NAV total return at fair value has been 147.8% and the share price total return 163.6% against the comparative index at 128.9%
Posted at 26/5/2022 11:16 by vacendak
MNKS should indeed be seen as "reassuringly boring", like FCIT, BNKR, WTAN, etc. Not that there is anything wrong with that. I am happy to hold some FCIT.

I am willing to bet that the sell-off has been amplified because of the manager's name. I also hold some USA and BGCG, both Baillie Gifford and let's say that I have some hefty losses to crystalise should I wish to!
Posted at 26/5/2022 07:30 by donald pond
I reviewed the top 10 holdings yesterday and it's notable that stalwarts and cyclicals are much higher up the list. Whether that's due to investing decisions or valuation changes is unclear but there's now BHP, a cement manufacturer, US healthcare insurance and "death services" in the top 10. Which is what I want to see: MNKS isn't supposed to be SMT lite
Posted at 07/12/2021 12:54 by wad collector
Results for the six months to 31 October 2021
====================================================================================
Over the six-month period, the Company produced a positive net asset
value (NAV)* return of 6.5% compared to an increase of 8.9% for the FTSE
World Index (in sterling), both in total return terms. The share price
total return for the same period was -0.9%. The shares ended the period
trading at a discount of 4.3% to the Company's NAV*.
3/4 The Monks Investment Trust seeks to build a diversified portfolio
of global equities that is well placed to capture growth resulting from
structural economic and societal changes.
3/4 There are an increasing number of technology-led or digitised companies
which operate across the economic spectrum.
3/4 Innovation is speeding up and spreading across the economy - the
Monks portfolio is well positioned to capture this growth.
3/4 Revenue earnings per share were 2.76p. No interim dividend is to
be paid.
3/4 Since the current team took over management of Monks on 27 March
2015, the NAV* total return has been +202.0%, the share price total return
+229.7% and the comparative index total return +126.3%.
Posted at 24/5/2019 13:08 by vacendak
Baillie Gifford now?

Witan Investment closed their savings schemes (WTAN & WPC) a few months ago too.
I switched mine to my other platform but advised a friend to switch his WTAN holdings to a Baillie Gifford IT, like MNKS or SCAM.

Sad really, I would have thought there were space for both platforms and saving schemes, the latter were good for drip-feeding indeed. Now I save my pennies and buy only every now and then to go easy on the charges.

Oh well...
Posted at 24/5/2019 11:08 by peterbill
I hold MNKS and SMT as part of our 5 grandchildrens saving schemes. Ballie Gifford are no longer going to host the schemes and have negotiated a discounted deal with HL so will move all the trusts to HL. The discounted deal runs for 3 years, by then I should know if I will continue with HL or move the investments elsewhere. Currently dripfeed small ammounts each month into each account, which equates to 60 transactions per year so ongoing costs are important, currently nil at Ballie Gifford.

I guess the paperwork and running the saving schemes was just too much and they are going to concentrate on running their portfolio of investemnt trusts and funds.
Posted at 05/10/2018 09:40 by vacendak
@robow
You have just posted something that says: "Buy and hold for ten years or more".
You should be happy to get a post on this thread once every ten years on average. :)

More seriously, this is indeed a good "building block" IT for any portfolio.
I, myself, hold FRCL as ballast in mine and put a bit in WTAN for my son, technically for the future expenses associated with him (school/university fees, etc.)

Still looking into the performance of MNKS, BNKR and LWDB every now and then, out of interest.
Posted at 05/10/2018 07:29 by robow
Quiet thread this!
from yesterdays Daily Telegraph
Questor: looking for one trust that you’ll never have to sell? This is the on

Questor investment trust bargain: very wealthy savers can’t afford to switch funds – they would face a huge tax bill. Which one should they buy if they want to hold it forever?

It is, Questor supposes, a nice problem to have: if you have so much money to invest that it cannot be protected from tax in an Isa or pension, and you would therefore face capital gains tax if you had to switch from one fund to another, which “hold for life” fund should you choose?

The question was aired recently by someone whose wealth would certainly exceed the Isa and pensions limits – Peter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, Britain’s biggest broker.

Hargreaves went so far as to found an asset management firm and recruit a team of fund managers so that he had access to a portfolio to which he could entrust his money for the long term. That firm is Blue Whale and its lead manager, Stephen Yiu, has provided two successful tips for Questor’s Follow the Money column.

But here we focus on investment trusts, so we must ask the question: which quoted portfolio should you buy if, for tax reasons or any other, you won’t want to sell it for years or even decades?

We asked John Husselbee, who runs multi-asset portfolios for Liontrust, for advice. His pick as the best “never sell” trust was Monks, which has been tipped by Questor in the past.

“If this is your remit the first thing you need is patience – you need to respect the fact that there is no such thing as consistency of performance but there is consistency of process and investment style,” he said. “If you want to buy and hold for a decade or more, it doesn’t make a big difference when you buy.

“The second thing you want is diversification. Over such a long period it’s best to be in shares, which means that a globally diversified portfolio of stocks is the answer.” He said there were “plenty to choose from” – options included Witan and Bankers, both also tipped here in the past – but his pick was Monks.

“The rationale starts with the management company, which in this case is Baillie Gifford,” he said. “It is committed to the investment trust structure, as one of the biggest managers of trusts, and its own corporate status as a partnership suggests that it will be around for a long time and not get involved in the mega-mergers seen elsewhere in fund management, which do not always lead to better results for investors.”

He said he preferred managers who had been through a couple of market cycles. However, choosing a very experienced investor does mean that a long-term holder is likely to have to deal with the manager’s retirement at some stage – something that was on Peter Hargreaves’ mind when he picked 40-year-old Stephen Yiu. Monks’ lead manager, Charles Plowden, is 57 and has been in the fund management industry for 35 years.

But Husselbee said the retirement of a manager would be less of a problem when a fund was run on a consistent basis according to a specified process, as he said Monks was. “I’m happy with the strength in depth and established process within a house such as Baillie Gifford. There are checks and balances in place,” he said. “In these circumstances the fund manager becomes more the steward of the process and less the star on whom everything depends.”

He said the firm had long experience of investing in growth stocks, which is very much Monks’ style: its largest holding is Amazon and the top 10 also includes Alphabet (Google’s parent company) and Alibaba. There are 59 holdings in all. “You are also getting this portfolio for a very reasonable cost of 0.52pc a year,” Husselbee said.

Questor says: buy

Ticker: MNKS

Share price at close: 833p
Posted at 08/11/2017 12:32 by vacendak
I have recently read something in the Daily Mail ThisIsMoney section that MNKS is a very good value-for-money proxy for holding SMT as it has about 70% of cross-holding with its more famous stablemate. Both trusts are run mostly by the same people anyway (Baillie Gifford).
Monks Investment share price data is direct from the London Stock Exchange

Monks Investment Frequently Asked Questions (FAQ)

What is the current Monks Investment share price?
The current share price of Monks Investment is 1278p.
How many Monks Investment shares are in issue?
Monks Investment has 202,865,666 shares in issue.
What is the market cap of Monks Investment?
The market capitalisation of Monks Investment is GBP 2.58 B.
What is the 1 year trading range for Monks Investment share price?
Monks Investment has traded in the range of 997.00p to 1,294.00p during the past year.
What is the PE ratio of Monks Investment?
The price to earnings ratio of Monks Investment is 6.53.
What is the cash to sales ratio of Monks Investment?
The cash to sales ratio of Monks Investment is 6.18.
What is the reporting currency for Monks Investment?
Monks Investment reports financial results in GBP.
What is the latest annual turnover for Monks Investment?
The latest annual turnover of Monks Investment is GBP 420.74M.
What is the latest annual profit for Monks Investment?
The latest annual profit of Monks Investment is GBP 398.35M.
What is the registered address of Monks Investment?
The registered address for Monks Investment is COMPUTERSHARE INVESTOR SERVICES PLC MOOR HOUSE, 120 LONDON WALL, LONDON, EC2Y 5ET.
What is the Monks Investment website address?
The website address for Monks Investment is www.bailliegifford.com/en/uk/individual-investors/funds/monks-investment-trust/#overview.
Which industry sector does Monks Investment operate in?
Monks Investment operates in the INVESTMENT OFFICES sector.

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