Share Name Share Symbol Market Type Share ISIN Share Description
Monks Investment Trust LSE:MNKS London Ordinary Share GB0030517261 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +9.00p +1.18% 771.00p 770.00p 772.00p 773.00p 764.00p 764.00p 159,105 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 19.8 7.2 2.6 295.4 1,677.84

Monks Investment Trust Share Discussion Threads

Showing 26 to 49 of 50 messages
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Then several in one day. I am also keen on BNKR and WTAN
@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.
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
Not quite 800p at year end but hitting 790p today.
its the oxman
SMT is about 100% fast growth and has been effective at selecting the best performers over the past two years.Monks has four investment categories of investments of which one really matches SMT.
richard xii
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).
Similar to SMT now trading at a premium to nav. Perceived as quality I guess.
its the oxman
Still looking good, 2% discount. My guess for year end c.800p
its the oxman
Cracking set of results-discount around 0.6% very positive on the future returned over 50% with pound weakening and reduction in NAV
Trading at a premium now. How things have changed.
its the oxman
Good growth exposure and just keeps going up. Discount reduced. More holdings than SMT I believe so arguably a safer play in that respect.
its the oxman
Last 3 months of share price action with volume
Questor in the Telegraph ... hTTp://
blowing past that cons level
With the £ falling, Monks have received a boost in their share price ... Mostly invested in international/USA markets ... to see the breakdown check the annual report below. Monks Annual Report 2016 hTTp://
Looks to be heading up again and still at a discount to NAV.
the juggler
How Scottish independence affects investment trusts ... hTTp:// Monks a Baillie Gifford global fund, is not listed as the trust is managed in Scotland but incorporated elsewhere.
Fairly good performance for 2013, 310p to 382p ish which is approx a 20% increase (for this year, so far)
A discussion on Monks over on Fool ... I'll be staying with them as this is a long term investment.
Thanks for the correction and additional info there Darwenlad. I've recently bought in and as votes of confidence go Smith's is certainly a large one
Dear Blue Bird, Monks' fund manager has just spent £1m, NOT £100,000 on increasing his stake in MNKS. It ought to be a reassuring sign given that he chairs Baillie Gifford's Investment Advisory Group. Then again it might be a sign of panic given Monks's terrible performance this year. (It is highly unusual for fund managers, as opposed to Investment Trust directors, to publicise the scale of their investments in the funds they manage.) I am a long-term investor and prepared to give MNKS' manager the benefit of the doubt for the moment. Over a 10-year period its performance is good, but its underperformance over 1/3 years may explain why it is trading at a 15.4% discount which is higher than its average and contrasts starkly with the rating of the two other global trusts in the Ballie Gifford stable:Scottish Mortgage (7.65% discount) and Mid-Wynd (2% premium). Even Alliance Trust is trading at a smaller discount than MNKS, and its long-term performance has been miserable. However, if MNKS' performance has not improved substantially a year from now, then the trusts's supposedly independent board should be organising a beauty parade for a new manager, preferably from outside the Baillie Gifford stable.
Trading near their year lows,is anyone else following ? The fund manager Gerald Smith recently bought just over 100k worth of shares so at least he seems confident !
Good on yer Peter. Top bloke.
Opened a position here - would have liked to have got in a bit cheaper, but a good trust run by BG.
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