Share Name Share Symbol Market Type Share ISIN Share Description
Montanaro Uk LSE:MTU London Ordinary Share GB00BZ1H9L86 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 122.00p 122.00p 123.00p 123.00p 122.00p 123.00p 57,937 12:21:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.1 4.1 12.3 9.9 204.20

Montanaro Uk Share Discussion Threads

Showing 26 to 47 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
10/9/2018
21:46
I guess, its just about sustainable, but top end with a near 5% yield. Think they would have been better at 3-4%.
topvest
10/9/2018
10:14
I like the idea in principle, but wonder if its sustainable..? From their 26/7 RNS statement: "The Company's dividends will be funded out of capital reserves to the extent that current year revenue and revenue reserves are insufficient."
wirralowl
07/9/2018
13:27
from IC John Baron's Investment Trust Portfolio... HTTPS://www.investorschronicle.co.uk/tips-ideas/2018/09/06/the-uk-market-darkest-before-the-dawn/ Portfolio changes During the first half of the month, Chelverton UK Dividend Trust (SDV) was sold in the Growth portfolio, as was Acorn Income Fund (AIF) in the Income, and both were replaced by Montanaro UK Smaller Companies (MTU)... ...MTU had drifted to an 18 per cent discount when bought courtesy of lacklustre performance over recent years. Speaking with Charles Montanaro, a number of factors now warranted support. These include an investment process focused on choosing quality companies, the return of Charles as the lead fund manager, a reassessment of the portfolio including an increased emphasis on Alternative Investment Market (Aim) stocks, and the introduction of a new dividend policy equating to a yield exceeding 4.8 per cent when bought...
speedsgh
20/7/2018
18:39
I’m not really that bothered with the discount at this level. The trust is well run and is good for a 10% total return per annum. Happy to hold and I don’t think your options would do much long term other than to reduce the size of the trust to a level that was uneconomic.
topvest
20/7/2018
10:04
The company is taking no steps whatsoever to address the huge discount (over 21% today) at which mtu trades. This is the biggest discount in the smaller companies sector. The discounts of other smaller companies have fallen significantly over the last 18 months but mtu's discount has stayed stubbornly high. The company has a number of options to reduce the discount: 1. Convert to a unit trust or oeic. 2. A tender offer to buy back some shares at say a 5% discount to nav. This will increase the nav for the remaining shares and allow investors to get out at a decent price. 3. Announce that they will set a maxiumum target for the discount of say 10% by buying shares in the market and cancelling them. This will also increase the nav for the remaining shares. If you think the company will take any of these steps, the shares are a raging buy. The shares are probably a buy anyway if the discount shrinks close to the average for smaller company investment trusts. This might actually happen anyway because of reversion to the mean.
biggest bill
16/2/2017
17:15
woah, shocker, 5.5% in a day. Glad I got into this end of December .. was wondering whether the discount would last forever.
cordwainer
16/2/2017
12:59
I see that Questor in the Telegraph has tipped this trust today. He says that the current discount is far too large and can't last. There is a continuation vote next year and he expects the discount to gradually narrow up to the vote.
biggest bill
03/1/2017
22:10
topvest, I would prefer 5% initial max, up to 8% max weighting per stock with outperformance, with max 60% weighting for top 10. Suspect current policy results in a higher OCF ?
cordwainer
03/1/2017
19:08
They do trim back excessive holdings above 4% I believe through top-slicing. A cautious approach, but suspect if they set at 10% they would do much better.
topvest
03/1/2017
17:25
Recent bought in, based almost entirely on the heavy discount (almost 23%). I'm doubting that the whole portfolio can be so pessimistic all through 2017 unless every last holding is an exporter to the EU. And maybe the uncertainties ahead will bring MTU's stock-picking style back in favour. RE: 4% restriction - please note this is only a limit for initial investments, it does not necessarily mean not running its winners. On the other hand it could be argued that the current top 10 holdings having a weighting of between 2.6% and 3.6% doesn't exude any particular confidence of conviction.
cordwainer
24/6/2016
10:02
The discount is now up to 20% which is much higher than the average small company investment trust. Given the long term record, this discount is absurd; I have increased my exposure here very heavily. Topvest, I can understand why they prefer to restrict individual holdings to 4% or so; they are running a pretty concentrated portfolio of only 47 companies.
biggest bill
11/7/2014
21:37
Yes, good trust this one. I agree with all their policy except restricting investments to 4% which seems a classic "not running your winners" - looks like that policy came from Tweedy Browne the classic value investing firm. 10% maybe, but 4% no!
topvest
11/7/2014
16:55
New Annual Report and Accounts just published. AGM will be 30/7/14. Dividend 7 1/2 pence to be paid 13/8/14.shares trade xd. NAV current £5.2799 nice discount, report reads well.
vraic
21/5/2014
11:55
Added a few of these on weakness and given the 10% discount. A good long term record that should continue.
topvest
21/5/2014
11:55
I thought I would start a new thread for this investment trust, given the existing threads don't have charts etc.
topvest
31/5/2012
22:06
Just noticed that Newton Investment Management have a holding here. I'm tracking the rest of their holdings on the WAM thread. http://uk.advfn.com/cmn/fbb/thread.php3?id=24182742&from=9
praipus
12/1/2010
09:49
Dan Harlow to leave Montanaro http://www.whatinvestment.co.uk/making-money/investment-funds/investment-funds-in-depth/1108563/axa-framlington-to-enhance-equities-team.thtml
investinggarden
18/11/2005
10:24
Well this thread is all very well and good, but it's a trifle over-active for my taste ;-).
samg99
16/2/2003
14:07
Section 4 could Help CLICK HERE
boyse
14/2/2003
19:10
Has anyone else used this yet?
m_p_h
13/2/2003
14:06
No need for speed :-(
boyse
12/2/2003
19:15
Thanks for this info, I have just run that MTU file and my system seems to be running quicker (noticable on L2 windows refresh)
m_p_h
Chat Pages: 2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180924 13:23:27